It was not immediately clear what caused the blaze.
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Sep
Dubai: The latest Dubai Purchasing Managers’ Index (PMI) data signalled a further improvement in the performance of the non-oil private sector in August. Overall gains in output levels extended from the upturn that was seen in July as business conditions continued to recover after the coronavirus disease 2019 (COVID-19) related lockdown. See more Billionaire car-part […]
Broadcasting group set to launch in-house commercial advertising and sales unit
Wizz Air mulls postponement if a ban on foreign visitors to Abu Dhabi isn’t relaxed soon
The country with the most coronavirus deaths is the US with over 190,000 fatalities, followed by Brazil.
Detroit: General Motors Co. took a $2 billion equity stake in startup Nikola Corp., agreeing to manufacture its Badger electric-pickup model and diversifying the Detroit-based automaker’s alternate-fuel vehicle strategy. GM will contribute technology and manufacturing in exchage for an 11% stake in Nikola and get the right to nominate one director to the company’s board, […]
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Sep
Tesla is set to complete its recent $5-billion stock offering today, September 9, 2020, a fact analysts said became part of the reason for its shares plunge. As a result of the drop, Elon Musk’s net worth plunged $16.3 billion Tuesday, the largest single-day wipeout in the history of the Bloomberg Billionaires Index, as the […]
Dr Anwar Gargash reiterated that the agreement with Israel included a commitment by Tel Aviv to stop annexation of Palestinian land.