Nissan said to be repatriating cash as Renault tensions brew

Nissan Motor Co. plans to repatriate more than $1 billion (Dh3.67 billion) in cash from its Chinese subsidiary — a sign the Japanese automaker is building its financial firepower amid tensions with French partner Renault SA — according to people familiar with the matter, The transfer of 7.5 billion yuan ($1.1 billion) of the Chinese […]

Dubai’s main sectors recorded real GDP growth rates in 2017

Dubai: All main sectors of gross domestic product (GDP) recorded real growth rates in 2017 in Dubai, with the exception of value-added financial services, compared to 2016, according to the ‘Dubai Economic Report 2018’ which was released on Saturday by the Department of Economic Development (DED). The tourism sector represented by hotels and restaurants lead […]