Ghosn’s successor faces tough time as Nissan profit sinks

Carlos Ghosn’s arrest threw Nissan Motor Co. into a corporate tailspin with allegations of self-dealing, profligate spending and filing false statements. Now the automaker’s profits are falling off a cliff, and successor Hiroto Saikawa may go down with them. Troubled by slumping US sales, aging models and a product cycle that’s out of sync, the Yokohama-based […]

FDI Committee reviews sectors for full investment

Abu Dhabi: The Foreign Direct Investment Committee (FDI Committee) has held its second meeting in Dubai to review the proposed list of sectors eligible for full foreign direct investment. Chaired by Sultan Bin Saeed Al Mansouri, Minister of Economy, the meeting discussed necessary controls and requirements in accordance with the provisions of the FDI Law. […]