Automechanika Dubai 2019 presenting a gateway to markets which is difficult to reach.
Automechanika Dubai 2019, the 17th edition of the Middle East and Africa’s (MEA) largest automotive aftermarket trade fair, was opened on Monday by Sheikh Mansoor Bin Mohammed Bin Rashid Al Maktoum.
Al Masaood Commercial Vehicles and Equipment (CV&E) part of Al Masaood group of companies, a pioneering Abu Dhabi conglomerate, exhibited in Automechanika Dubai 2019
According to Dubai Customs, Dubai traded 2.1 million tonnes of auto parts and accessories worth $10.3 billion in 2018, a 32 percent increase in value of what the Emirate traded in 2009 (US$7.8 billion).
French President Emmanuel Macron announced an 8 billion euro ($8.8 billion) plan to make France the top producer of clean energy vehicles in Europe and urged French carmakers to make vehicles in their own country.
Dubai Silicon Oasis Authority announced the completion of more than 3,000 transactions worth approximately Dhs10 million in two months, from mid-March to mid-May 2020, while working remotely.
India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-) 5 per cent from an earlier projected growth of 0.8 per cent for the current fiscal.
The euro retreated from near two-month highs and equity markets wavered on Wednesday even as the EU unveiled a 750b euro ($823 billion) recovery fund that helped offset concerns about unrest in Hong Kong over Beijing’s proposed security laws.