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Emirates Driving Company PJSC (EDC), a publicly-listed company on the Abu Dhabi Securities Exchange (ADX), announced a 20.39% increase in its net profits to reach AED   126.76 million in 2020, compared to AED 105.29 million recorded in 2019 despite COVID-19 pandemic that affected by businesses and economies across the world. The

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FRANKFURT Daimler (DAIGn.DE) will pick a new head for its truck operations in the coming days, sources close to the matter said, as the manufacturer aims to avoid a lengthy search for a successor to departed chief Wolfgang Bernhard. Bernhard,

The Saudi Export-Import Bank and the International Islamic Trade Finance Corporation have formalized a $5 million financing agreement with Alizz Islamic Bank in Oman. This initiative is part of the KSA SMEs Export Empowerment Program, aiming to facilitate

CARACAS OPEC Secretary-General Mohammed Barkindo forecast on Monday that stability would return to oil markets this year while price hawk Venezuela said it hoped its crude basket would rise to $70 in coming months. The head of the Organization of


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