Category Archives: Top Markets

Autonomous cars loom, but the Detroit auto show goes on

Related Articles DETROIT: The North American International Auto Show in Detroit opened to the press this week with one big question hanging in the air: How will autonomous vehicles change the industry?The answer is still unclear. In the meantime, automakers ...

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High public sector pay no cure for Mideast unemployment: IMF

Related Articles LONDON: High wages in state-supported sectors in the Middle East, offering jobs aplenty to work-hungry citizens fail to tackle growing unemployment as population levels rise, and do not provide better public services, according to an IMF paper. Public ...

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Saudi Arabia’s ACWA powers on with IPO plan

Saudi Arabia’s ACWA powers on with IPO plan

Related Articles ABU DHABI: Saudi Arabia-based ACWA Power, the power and desalination plant producer, could go public within the next two years, according to its CEO and President Paddy Padmanathan.ACWA, which has garnered a reputation for building renewable energy projects ...

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Qantas changes website to recognize Chinese territories

Related Articles SYDNEY: Australia’s Qantas has changed its website classification of Taiwan and Hong Kong from separate countries to Chinese territories after Chinese regulators scolded several foreign firms over similar listings.The airline said Tuesday it was amending an “oversight,” following ...

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Bitcoin prices fall as South Korea says ban still an option

Bitcoin prices fall as South Korea says ban still an option

Related Articles SEOUL: Prices of bitcoin and other digital currencies have skidded after South Korea’s top financial policymaker said a crackdown on trading of crypto currencies was still possible.Finance Minister Kim Dong-yeon said Tuesday in an interview with local radio ...

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UAE-based Bee’ah buys 50 electric Tesla trucks

UAE-based Bee’ah buys 50 electric Tesla trucks

Related Articles LONDON: UAE-based Bee’ah has bought 50 Tesla Semi heavy-duty electric trucks, making it the first company in the Middle East to operate the eco-friendly vehicles.The environmental management company made the announcement at the World Future Energy Summit in ...

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