Renault gears for new CEO ahead of key meeting with Nissan, Mitsubishi

Paris: Renault SA could name a new chief executive officer ahead of a crucial meeting in Japan on Thursday aimed at showing that the deeply-troubled alliance with Nissan Motor Co. and Mitsubishi Motors Corp. is moving past the Carlos Ghosn era. The French carmaker’s board gave the green light for Luca de Meo to become […]

Smart Dubai working to develop use of Blockchain

Dubai: Smart Dubai, the government office charged with facilitating the emirate’s smart transformation, said on Sunday it has been working to develop a series of Blockchain use cases across multiple sectors. Smart Dubai said it worked with government and private sector partners to develop the cases as it attempts to embrace the latest technology across […]

Utico to invest over Dh4b in UAE in next 3-5 years

Dubai: Utico, a services provider of private utility in the UAE, is planning to invest over Dh4 billion in the country’s infrastructure over the next 3-5 years, the company has said. Utico has so far invested Dh2.5 billion in the UAE in infrastructure including in water, power plants, and networks, is planning to increase that […]

Key takeaways: Dos and don’ts for rookie investors

Dubai: It has been frequently recommended by investment experts to focus on these five takeaway dos and don’ts for any investors looking to start out. DON’T: Gamble with money you can’t afford to lose. If your emergency fund needs work, or you have high interest debt, you probably can’t afford to lose a single dollar. […]

Thailand economy faces big hit from China’s ban on group tours

Bangkok: Thailand’s economy faces fresh turbulence after China banned outbound group tours to try and limit the spread of the novel coronavirus that’s sickened thousands. Chinese holidaymakers – many on group tours – spent almost $18 billion (Dh66 billion) in Thailand last year, more than a quarter of all foreign tourism receipts, government data show. […]

It took 50 Years for climate change to top the Davos agenda

It took five decades for global elites to put climate change at the center of the World Economic Forum, the annual gathering in Davos, Switzerland, that’s meant to shape the future and solve planet-sized problems. This year, with rising temperatures and cutting emissions finally dominating the agenda, it seemed almost no one could stop talking […]