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Jafza propels automotive markets growth through best infrastructure

15 Sep 2022

Dubai hosts the region’s biggest automotive trading hub and the largest used car market should come as no surprise. Dubai’s strategic location as a gateway between Europe, Asia and Africa,...

Sri Lanka’s economy shrinks 8.4% amid fertiliser, fuel shortages

15 Sep 2022

Sri Lanka’s economy shrank 8.4 per cent in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and...

China’s new bank loans rise less than expected, credit growth slows

09 Sep 2022

New bank lending in China rose less than expected in August, while broad credit growth slowed, as COVID flare-ups and a deepening property crisis weigh heavily on the economy despite...

Abu Dhabi realty market flourishes

07 Sep 2022

Inayat-ur-Rahman, Business Editor The Abu Dhabi real estate market is witnessing remarkable activity during this period amid an increasing demand for quality projects that provide excellent services to buyers....

KIZAD to welcome electric vehicles facility

06 Sep 2022

KIZAD, part of AD Ports Group’s Economic Cities and Free Zones, has announced the signing of a lease agreement with NWTN to establish an electric vehicle (EV) assembly facility in...

Russia new car sales sink 62.4% in August due to Western sanctions

06 Sep 2022

New car sales in Russia were down 62.4 percent in August year-on-year, industry data showed on Tuesday, as Moscow is facing a barrage of Western sanctions over its military campaign...

Indonesia hikes fuel prices to rein in ballooning subsidies

03 Sep 2022

Indonesia raised subsidised fuel prices by about 30% on Saturday, as the government moves to rein in ballooning subsidies despite a risk of mass protests. The price of subsidised...

ADX, FTSE Russell launch benchmark growth market index

01 Sep 2022

The Abu Dhabi Securities Exchange (ADX) and FTSE Russell, under their index partnership, have co-developed a new benchmark, the FTSE ADX Growth Market Index (FADGMI) that will track the performance...

China’s Grid Giant sets up office in Dubai International Financial Centre

29 Aug 2022

Staff Reporter, Gulf Today State Grid Corporation of China (SGCC), the largest utility company in the world, has expanded its presence in the region by setting up in Dubai...

Indian real estate market value to reach $1 trillion by 2030

28 Aug 2022

Inayat-ur-Rahman, Business Editor The real estate sector in India is expected to reach $1 trillion in market value by 2030, up from $200 billion in 2021 and contribute 13...

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