Germany, Dubai bilateral trade at Dh24.6 billion in 2020

Dubai: Bilateral trade between Germany and Dubai reached Dh4.6 billion in 2020 and will continue to grow given Dubai’s ease of doing business and flexible ecosystem, according to a top official of Dubai Silicon Oasis Authority (DSOA). Dubai Silicon Oasis provides numerous facilities to streamline business set-up and operations, attracting hundreds of international technology companies, Dr […]

GM deepens EV bet again, boosts spending 30% to $35 billion

General Motors Co. is raising the stakes in the electric-vehicle race, boosting its investment in future technology for a second time in eight months with plans to spend $35 billion on more than 30 plug-in vehicles by 2025 and a total of four battery plants. The automaker said the stepped-up investment reflects stronger-than-expected financial results […]