Ghosn’s disputed pay triggers $83m charge for Nissan

Nissan Motor Co took an $83 million (Dh304.8 million) charge related to the compensation of jailed former Chairman Carlos Ghosn as the Japanese automaker reeling from the shock arrest of the iconic executive warned of its lowest profit in six years. Japan’s third-largest automaker by market value slashed its operating profit forecast to 450 billion […]

Pakistan, India hope to reap investment from Saudi prince’s visit

NEW DELHI/ISLAMABAD: Saudi Arabia’s Crown Prince Mohammad Bin Salman is expected to announce investments in energy and infrastructure during a visit to India and Pakistan in coming days. The prince, known as MBS, is also expected to visit China, Malaysia and Indonesia during a tour that will be his first through the region since the […]

Trump ally: We’ve become a world reliant on debt

Dubai: In his State of the Union address of February 5, President Donald Trump said that the United States was considered to have the “hottest economy anywhere in the world.” So the question many have begun asking is, what next? “I have no idea where we are,” said Tom Barrack, CEO of Colony Capital, adding: […]

Hiring still on in UAE? Nearly 50,000 new jobs open in Dubai in 9 months, says new report

Dubai: There has been a slight uptick in employment in Dubai, with companies across the emirate opening nearly 50,000 vacancies for over a period of nine months in 2018, according to the latest official data. From January to September last year, employers created 45,900 new jobs. This is a 1.8 per cent increase from the same period […]