Top officials pose for a group photo at the event in Dubai.
Europe’s dominant position as the world’s biggest exporter of spare auto parts and accessories will be underlined by hundreds of European manufacturers presenting their latest innovations at the Middle East’s largest automotive aftermarket trade fair in Dubai next month.
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.
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).
India’s growth rate is expected to shoot up from the estimate of 4.8 per cent for the current fiscal year by 1 per cent to 5.8 per cent in 2020-21. The International Monetary Fund’s Chief Economist Gita Gopinath
The Bank of Japan (BOJ) on Tuesday upgraded its growth forecast for the world’s third-biggest economy but kept its monetary policy unchanged.
Many investors are eyeing to acquire stake in ailing Malaysia Airlines. Proposals to invest in Malaysia Airlines include one from Air France-KLM, which wants as much as 49% while Japan Airlines is looking at a 25% stake, people with knowledge of the matter said.
Uber, the multinational ride hailing application, has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99 per cent stake in the startup. The deal is reportedly worth over $350m or close to Rs2,500 crore. Zomato is backed by China's Ant Financial.