GM, Nissan score big in UAE car owner satisfaction

Dubai: For car dealerships in the UAE, the message is clear – get the after-sales services in top order. Any slipups and chances are they might lose a potential purchase later on. At a time when new car sales are down in double-digit terms, dealerships just cannot afford that. This year’s J.D. Power Customer Service […]

Khalifa Fund grants Emirati Entrepreneurs Association financial, technical support

ABU DHABI. The Khalifa Fund for Enterprise Development, KFED, has recently awarded the Emirati Entrepreneurs Association, EEA, with a package of quality support programmes, including financial and technical support. The package will be used to support Emirati entrepreneurs’ skills and capacity development and creation of a suitable environment where their business projects could flourish. Al […]

Hard-hit Turkish assets hinge on election, Trump-Erdogan meeting

Ankara/Istanbul: Investors could snap up sold-off Turkish assets or dump them with force depending on the outcome of Sunday’s re-run election in Istanbul and, days later, a high-stakes meeting between President Tayyip Erdogan and his US counterpart Donald Trump. The Turkish lira, stocks and bonds have sagged since March amid uncertainty over how the vote […]

Daimler warning pressures European shares, eyes on G20

A profit warning from Mercedes-Benz maker Daimler dampened European stock markets early on Monday, as investors looked for direction to a G20 summit this week that brings US and Chinese leaders together after a long lull in talks. Daimler AG’s shares dropped 3 per cent after it cut its 2019 earnings outlook on Sunday and […]

Ministry of Economy approves Careem’s acquisition by Uber

Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, issued a ministerial decision approving the acquisition of Careem by Uber. Companies operating in the UAE are required to submit a request to the Ministry of Economy prior to the completion of a merger or acquisition. The ministry found that the acquisition would not constitute a […]

Flipkart co-founder sells part stake to Walmart

Bengaluru: Binny Bansal, the co-founder of India’s leading e-tailer Flipkart, sold around 5.4 million of his equity shares valued at $76 million (Dh279 million) to world’s retail giant Walmart’s Luxembourg entity FIT Holdings SARL, business intelligence platform Paper.vc said on Monday. “Walmart increased its equity holding in Flipkart by buying 5,39,912 shares of its erstwhile co-founder […]