Aramex sees profit jump 13% in 2018

Dubai: Aramex, the Dubai-based logistics firm, said on Tuesday that its net profit and revenue for 2018 had increased, despite a drop in profit in the fourth quarter. The company, which is majority owned by Dubai-based businessman Mohammad Alabbar and Australia Post, posted a full year net profit of Dh492 million for last year, an […]

DP World volumes rise 1.9% in 2018

Dubai: DP World reported on Tuesday a 1.9 per cent year-on-year increase in container volumes it handled globally in 2018, which reached 71.4 million TEU (twenty-foot equivalent units). This was even as volumes in the UAE alone softened, falling by 2.7 per cent over 2017 to reach 15 million TEU amid what the company described […]

Nissan board picks new director: Jean-Dominique Senard

Tokyo: Nissan’s board has chosen as a director Jean-Dominique Senard, who was recently appointed chairman at the Japanese automaker’s alliance partner Renault SA. Nissan Motor Co. said in a statement that its board decided Tuesday to hold an extraordinary shareholders’ meeting on April 8, to remove its former chairman, Carlos Ghosn. Earlier, he also was […]

Nissan taps new Renault boss to replace Ghosn on board

TOKYO: Japan’s Nissan said on Tuesday that its board has nominated the new boss of Renault to replace Carlos Ghosn, who is in detention facing charges of financial misconduct. The decision to turn over Ghosn’s board seat to Jean-Dominique Senard must still be ratified by shareholders, and the company said it had set an April […]