Dubai-based Emirates Transport has signed an agreement with China s NEV Investment to establish a joint venture company that will be responsible for the development, construction and operation, and management of the New Energy Vehicle Project in the UAE.
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RIYADH: The US Federal Reserve’s recent announcements to hike interest rates in March may have sent markets in tatters, but that won’t necessarily translate into an immediate, medium-term market correction if past instances are anything to go by. Market experts who spoke to Arab News say there is evidence that stock market prices can rise in the first year of hikes. “For