Carlos Ghosn to reveal who he blames for arrest in Japan — wife

Paris: Former Nissan boss Carlos Ghosn has recorded a message in which he names the people he believes are to blame for his legal problems in Japan, his wife said in an interview on Sunday. Ghosn was rearrested last week in Japan over fresh allegations of financial misconduct which will see him held in custody […]

Taxi fares for these passengers to be slashed by 75% during Dubai International airport runway repairs

Dubai: Flyers who will be diverted to the new airport in Jebel Ali due to the upcoming runway repairs at Dubai International will enjoy a huge discount on taxi fares. The Dubai Taxi Corporation of Roads and Transport Authority (RTA) announced on Sunday that prices will be slashed by 75 per cent for passengers arriving at […]

Saudi private sector posts strong quarterly expansion

Dubai: The Saudi Arabia Purchasing Managers’ Index (PMI) climbed to 56.8 in March, from February’s 56.6. The latest reading was the highest since December 2017 and indicated one of the strongest growth performances over the past three-and-a-half years. “The average PMI reading for the first quarter of 2019 was 56.5, indicating the strongest quarterly expansion […]

Egypt’s business recovery signals broad stabilisation in the economy

Dubai: Egypt’s Purchasing Managers’ Index (PMI) for March 2019 broadly indicated stabilisation of the health of the Egyptian non-oil private sector economy. The headline PMI rose from 48.2 in February to 49.9 in March. The latest reading was the highest for seven months, with improvement last seen in August 2018. “Egypt’s PMI rose to a […]