Vietnam’s richest man plans EV factory in the US

Vietnamese electric-vehicle startup VinFast plans to open a U.S. factory after setting up a 50-member San Francisco research office as it prepares for California automobile sales in 2022. VinFast, founded by billionaire Pham Nhat Vuong, began delivering gasoline autos to Vietnamese consumers with BMW-licensed engines in 2019. Vuong, who is also chairman of parent company […]

Zoom founder is $2 billion richer

Zoom Video Communications Inc.’s upbeat revenue forecast sent shares of the company surging. For its founder, that translates into a $2 billion (Dh7.36 billion) wealth bump. Eric Yuan, who owns almost one-fifth of the video-conferencing company, is now worth about $22 billion, according to the Bloomberg Billionaires Index. The stock jumped as much as 12 per […]

‘Make in India’ campaign epitomises challenges facing US-India trade relationship: US report

Washington: The Biden administration has told the US Congress that India’s recent emphasis on import substitution through the ‘Make in India’ campaign has “epitomised” the challenges facing the bilateral trade relationship. In its 2021 Trade Policy Agenda and 2020 Annual Report, the US Trade Representative (USTR) said that during 2020, the US continued its engagement […]

National Bonds expands its reach in Sharjah’s Sahara Centre

As part of its ongoing expansion plans, National Bonds, the leading Sharia-compliant savings and investment company in the UAE, announced the opening of its new branch in Sharjah’s Sahara Centre. The new branch serves to enhance the customer experience through the expansion of the company’s geographic coverage in the UAE as well as strengthen its […]