Sharjah unveils Dh29.1 billion 2020 budget

Staff Report Sharjah: The Emirate of Sharjah on Sunday unveiled the 2020 budget with total spending outlay of Dh29.1 billion, higher by 2 per cent compared to 2019 budget. The 2020 budget was announced by His Highness Dr. Shaikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah with higher spending across […]

Abu Dhabi automotive trade rises 5% in first ten months of 2019

Abu Dhabi: The automotive trade index in Abu Dhabi has maintained its positive momentum achieving 5 percent growth during the first ten months of 2019, compared to the same period in 2018. According to statistics in a report issued by the Statistics Centre-Abu Dhabi, local car sales jumped in value to Dh28.66 billion from January […]

UK economy unexpectedly shrinks amid BOE rate-cut debate

London: The UK economy unexpectedly shrank ahead of the general election last year, casting doubt over whether there was any growth at all in the fourth quarter. The figures will add to concerns at the Bank of England, where officials are debating whether further stimulus might be needed if economic weakness persists. Gross domestic product […]

Saudi healthcare firm said to start IPO in wake of Aramco sale

Riyadh: One of Saudi Arabia’s largest private healthcare operators plans an initial public offering next month, according to people familiar with the matter, in what will be a litmus test for investor appetite after the world’s biggest share sale. Dr. Sulaiman Al Habib Medical Group appointed Jadwa Investment and Riyad Capital as advisers, the people […]

Nissan steps up planning for potential Renault split

New York: Nissan Motor Co. executives have stepped up contingency planning for a possible split from Renault SA after Carlos Ghosn’s dramatic escape from Japan, the Financial Times reported, citing people it didn’t identify. The preliminary discussions for a separation include a total divide in engineering and manufacturing as well as changes to Nissan’s board, […]