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Inter Emirates Motors, the exclusive distributor of MG cars in the United Arab Emirates, has announced the launch of its all-new MG 7 sedan in the UAE. Representing a significant expansion of the British-born brand’s car line-up, the MG 7 exudes sophistication with its striking design, cutting-edge technology, and performance-driven features. Equipped with a choice of 1.5L or 2.0L Turbo petrol engines. The all-new MG 7 promises an exhilarating driving experience and is currently available to customers across the UAE.
Bosch, a leading global supplier of technology and services, ended its 2023 fiscal year with 490 million euros, which corresponds to 1.95 billion AED, in consolidated sales in the Middle East, registering an increase of 3 percent in euros and 6 percent in AED. The company met its sales expectations despite the challenges faced in the 2023 business year. This growth was attributed to various divisions within Bosch, including Bosch Rexroth, Building Technologies, Mobility Aftermarket, and the Bosch Global Software Technologies subsidiary.
During Ramadan, the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) recorded nine significant direct transactions, involving 305.7 million shares valued at AED 435M ($1.6 billion).
The economy of Abu Dhabi’s private sector has expanded by 35 per cent to over $92B since 2016, reflecting the increasing significance of the emirate’s non-oil economy.
During this week’s trading, the stock markets in the UAE saw an inflow of approximately AED 6.5B, with particular attention given to stocks in the real estate, financial, and banking sectors.
Trade between the UK and Kuwait has surpassed $86B in the past decade, according to official figures. The UK and Kuwait have robust economic and trade relations, evidenced by their trade exchange between 2013 and 2022 totaling AED 317B ($86B).