Ashok Leyland, India's second largest commercial vehicle manufacturer, has announced plans to treble the production capacity of its bus manufacturing plant in Ras Al Khaimah. The expansion will see the plant more than triple its annual capacity to 6,000 units a year. It comes thanks to a $10 million expansion project at the plant to introduce new models including mini buses and trucks. A rise in direct and indirect employment is expected as a result of the increased capacity.
Air Arabia expands RAK network with Moscow route
Air Arabia has announced the expansion of operations from Ras Al Khaimah with the launch of a new route connecting Ras Al Khaimah International Airport with Moscow Domodedovo International Airport.
UAE holds 30% of Middle Eastern cinema market share
The UAE Media Council has announced that the cinema sector generated AED 517 million in revenue during the first eight months of this year, attracting around 11 million cinema visits.
Vietnam says Musk's SpaceX plans $1.5b Starlink investment
Elon Musk's SpaceX plans to invest $1.5 billion (AED 5.5 billion) in Vietnam in the near future, the government of the Communist-run nation said on Thursday, which could help resolve a stalemate over the launch of its Starlink satellite services there.
UAE, New Zealand conclude CEPA negotiations
The UAE and New Zealand concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA), it was announced on Thursday. The deal is expected to unlock economic opportunities for exporters and boost supply chains with one of the latter's most important trading partners in the Middle East.
Boeing, striking union to resume contract talks on Friday
Boeing and its largest union will resume contract talks on Friday in a bid to end a strike that has throttled plane production and hammered the finances of the aerospace giant, the union and company said on Wednesday.
