Fewer new cars will be sold in the UAE in 2019 than last year.
That's according to industry experts, who say that while Ramadan is a good time for dealerships, it probably won't overturn this year's downward trend.
Oweis Zahran, CEO of OWS Auto Parts and Managing Partner of Rafid Automotive Solutions, explains.
He explains why more people in the UAE are turning to used cars instead of new ones.
UAE looks to deepen Panama ties as trade jumps nearly 50%
The UAE is looking to strengthen trade and investment ties with Panama after non-oil trade between the two countries rose by almost 50 per cent last year.
Al Tayer calls for global action on critical minerals to power clean energy transition
Saeed Mohammed Al Tayer, Chairman of the World Green Economy Organisation (WGEO), has called for stronger international cooperation and investment in critical minerals, describing them as essential to achieving global climate goals and accelerating the transition to clean energy.
UAE, US strengthen economic and financial partnership during Washington talks
The UAE and the United States have reaffirmed their commitment to expanding economic cooperation during a series of high-level meetings in Washington, D.C., led by UAE Minister of State Saeed Al Hajeri.
RTA signs AI partnerships with Chinese firms to boost future transport projects
Dubai's Roads and Transport Authority (RTA) has signed two strategic agreements with Chinese technology giants Huawei and CASCO SIGNAL to accelerate the use of artificial intelligence, smart transport systems and digital infrastructure across the emirate's future mobility projects.
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