Scandal-hit Nissan’s profits crash amid lower global sales

Tokyo: Japanese automaker Nissan says its July-September profit tumbled to half of what it earned the previous year as sales and brand power crumbled following the arrest of its former Chairman Carlos Ghosn. Nissan Motor Co. reported Tuesday that its fiscal second quarter profit totalled 59 billion yen ($541 million), down from 130 billion yen. […]

Aston Martin is locked and loaded for SUV debut

Dubai: The clock’s ticking for Aston Martin’s big reveal. On November 20 in Beijing, the British marque finally gets to show off its SUV – the DBX – that attempts to combine oodles of performance with the trappings of luxury. And if enough people are convinced, get them to sign up for the model that […]

US as a top oil and gas producer is here to stay, says official at Adipec

Abu Dhabi: The energy landscape has been changed as a result of the US becoming the world’s leading oil producer, said a top US official at Adipec on Tuesday, who also affirmed his country’s commitment to securing the region’s energy resources. Speaking on the second day of Adipec, Frank Fannon, assistant secretary at the US […]

Microsoft announces first ever AI Centre of Excellence for Energy in UAE

Abu Dhabi: Microsoft on Tuesday announced that it will open an AI Centre of Excellence for Energy in the United Arab Emirates — a global first for the company — to empower organisations in the industry in accelerating digital transformation and equipping their workforce with AI skills. Revealed during Adipec, the AI centre is expected […]

Quality International sets the bar with global manufacturing feat

The UAE manufacturing sector witnessed a prestigious achievement this year as Sharjah based Quality International Co. Ltd. FZC, a leading process equipment manufacturer and module builder in the UAE accomplished the successful execution of a mega project in August when it shipped out the last of the 22 modules for Total’s new $1.7 billion ethane […]

Vodafone posts loss on new India fallout

London: Vodafone on Tuesday posted a net loss of more than €2.1 billion (Dh8.49 billion) in its first half after India’s Supreme Court ordered telecoms companies to pay long-standing bills. In the six months to September 30, the British group’s loss after tax stood at €2.128 billion ($2.735 billion). However that was far less than […]

Quality International: Opening new avenues for business

How is the Total project helping Quality International expand its product portfolio? Delivering the ethane cracker project successfully has helped widen opportunities for Quality International (QICL). With module assembly being a major part of QICL’s product portfolio in process equipment manufacturing for the oil and gas industry, the successful Total project is now making major […]