General Motors revs up range for Bolt

Dubai: General Motors is taking the high ground pushing its electric claims in the Gulf. If that means a slow and steady approach to gaining sales numbers, then so be it. “We serve a vital role in educating the markets as to where the electrification process is going,” said John Roth, President and Managing Director […]

China’s main growth engines falter in October on trade frictions

BEIJING: China’s factory output growth slowed significantly more than expected in October, as weakness in global and domestic demand and the drawn-out Sino-U. S. trade war weighed on broad segments of the world’s second-largest economy. Industrial production rose 4.7 per cent year-on-year in October, data from the National Bureau of Statistics released on Thursday showed, […]

Sharjah FDI Forum opens on Monday

Dubai: The 5th edition of the Sharjah FDI Forum will bring together experts in FDI [foreign direct investment], capital markets, advanced manufacturing and infrastructure, renewable energy, urban development, education, and disruptive technologies. The two-day forum will open on Monday with the participation of 1,500 delegates and 54 speakers including senior government officials, top economists, finance […]

Adnoc signs agreements with Abu Dhabi Ports and Aldar Properties to adopt In-Country Value Programme

Abu Dhabi: Adnoc on Thursday signed two comprehensive framework agreements, with Abu Dhabi Ports and Aldar Properties to explore opportunities for collaboration in relation to Adnoc’s In-Country Value (ICV) Programme. Under the terms of the agreements, Adnoc and both companies will explore potential opportunities for collaboration in creating additional skilled employment opportunities for UAE nationals […]

Amazon says ‘bias’ in Pentagon awarding $10 b contract to Microsoft

SAN FRANCISCO: Amazon on Thursday challenged the awarding of a $10 billion Pentagon cloud computing contract to Microsoft, alleging “unmistakable bias” in the process. The 10-year contract for the Joint Enterprise Defense Infrastructure program, better known as JEDI, ultimately will see all military branches sharing information in a system boosted by artificial intelligence. “It’s critical […]