Ex-Nissan head Carlos Ghosn held $260,000 Brazilian party and charged employers for it, documents show

Former Renault and Nissan head Carlos Ghosn and his wife invited friends to a $260,000 (Dh955,000) Carnival party in Brazil last year and charged it to his employers, documents seen by AFP show, a move Ghosn’s lawyer defended as a routine corporate function for a multinational CEO. News of the party is the latest evidence […]

UAE, Saudi Arabia firms to boost defence cooperation

Abu Dhabi: UAE-based companies are boosting their cooperation with Saudi Arabia in the defence sector as ties between the two countries strengthen. Al Seer Marine, an Abu Dhabi-based manufacturer of unmanned surface vessels, has announced a strategic partnership agreement with Advanced Electronics Company (AEC), a Saudi-based company. The primary aim of this collaboration is to […]