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Mitsubishi Motors fails fuel economy test, shares tumble

Mitsubishi Motors Corp said its vehicles failed a fuel economy test, sending its shares down more than 15 per cent and wiping $1.2 billion from its market value on Wednesday. Japan's sixth-largest automaker by market value sai

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Park Regis Kris Kin Dubai joins march for Down Syndrome

Volunteers from Park Regis Kris Kin Hotel, Dubai joined the World Down Syndrome Day walk that took place last month. Organised by All 4 Down Syndrome, the highly successful initiative saw people from all walks of life coming toget

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GIB donates a bus to Bahrain Down Syndrome Society

Gulf International Bank has donated a bus to the Bahrain Down Syndrome Society (BDSS), in line with its corporate social responsibility programme 'Wagib.'   Abdulaziz Al-Helaissi, chief executive officer,

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Global aviation had fewer accidents in 2015 : Iata

The number of air accidents and resulting fatalities dropped in 2015 from the previous year, and was well below the five-year average, the International Air Transport Association (Iata) said on Monday. Some 68 accidents occurred l

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Bank ABC net profit down 30pc to $189m

Bank ABC (Arab Banking Corporation) has posted a net profit of $189 million for last year, 30 per cent lower compared to a profit of $256 million recorded the previous year.   The net profit for the fourth quarte

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Zero down payment offer launched for Toyota in UAE

Al-Futtaim Motors, the exclusive distributor of Toyota in the UAE, has launched a one-of-a-kind zero down payment purchase plan on all 2015 and 2016 Toyota models.   The offer will relieve customers from the hass

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Road fatalities down 4.9pc in UAE

Deaths and injuries caused by road accidents in the UAE during the first ten months of the year decreased 4.9 per cent and 5.1 per cent respectively, according to recent statistics.   The statistics from Traffic

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Asian shares down as investors nervous over Fed path

Asian shares were down on Friday and on track for a weekly loss as investors, anxious over faltering global growth, fretted about the possibility that the US Federal Reserve could still raise borrowing costs this year.  

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Shelters for expats to be shut down in Bahrain

Shelters run by foreign embassies and non-governmental organisations will soon be shut down in Bahrain. Distressed expatriates housed in those shelters will be relocated to a new government-run centre under the supervision of the Labour Market

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Egypt’s exports decline by 19pc from Jan to Sept

The export of non-petroleum products from Egypt fell by 19 per cent from the start of the year to the end of September revealed the Ministry of Industry & Foreign Trade in a statement, a report said. Exports stood at approxima

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