Ford have recalled around 1.2 million vehicles in the US
They say it’s because of suspension problem could affect steering.
Affected models include Ford Explorers that were made in Chicago between 2010 and 2017.
The recall is expected to cost the giant carmaker USD $180 million (AED 661 million).
ADNOC awards manufacturing contracts worth $196.2M
ADNOC has awarded contracts valued at AED 720 million ($196.2 million) to 11 companies for local manufacturing of a wide range of product across the value chain.
Emirates profit hits record AED9.7b in first corporate tax year
Emirates profit for the first half of 2024-25 hit a new record of AED 9.7 billion ($2.6 billion) before the newly implemented corporate tax, up 2 per cent compared to the same period last year.
China stocks fall as investors brace for Trump presidency
China and Hong Kong stocks started lower on Thursday as investors priced in heightened tensions around security and trade in a second Donald Trump presidency, with losses contained by expectations from a key Chinese leadership meeting.
UAE and Australia sign major economic agreement
The UAE and Australia have signed a Comprehensive Economic Partnership Agreement (CEPA), witnessed by H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs.
Lulu's IPO raises AED6.32b, share price set at AED2.04
Lulu Retail Holdings PLC today announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX).
