Motor sales in the UAE have hit a bump in the road because of the drop in oil prices, according to industry experts. Deals in the first quarter of 2015 indicated a record year for the industry but the oil price drop combined with a weak Russian Ruble has led to a major slide in Q2. Bill Carter is Head of Research and Valuations at Auto Data Middle East. He believes lay-offs in the oil and gas sector has had a direct effect on sales.
Listen
UAE-Russia services and investment agreement takes effect
An agreement aimed at boosting trade in services and investment between the UAE and Russia has officially come into force.
UAE backs closer tourism cooperation at BRICS meeting
The UAE has backed plans to strengthen tourism cooperation between BRICS countries at a ministerial meeting in Jaipur, India.
Abu Dhabi DoE expands tech partnerships during US visit
A delegation from Department of Energy - Abu Dhabi (DoE) has concluded an official visit to the United States aimed at expanding partnerships in energy and water innovation, regulation and advanced technology.
US, Canada fail to reach a tariff deal, deepen trade war
The United States and Canada have failed to reach a trade deal late on Friday, and the US said it would impose 50 per cent tariffs on some imports from Canada, an escalation of tensions between the two long-time allies.
Hudayriyat Island tops Abu Dhabi property sales
Hudayriyat Island has topped Abu Dhabi’s real estate market in sales value for a second consecutive quarter.
