Written by Admin | Apr 3, 2022 6:46:00 AM
The Week Ahead - Regional Markets
No breakthrough in the Russia-Ukraine peace talks, a correction of crude oil prices as the US announced to release up to 180mn barrels of oil from its strategic reserve over the coming few months, and the discovery of the new, more transmissible "XE" variant in the UK might keep sentiment subdued in the regional markets.
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The foundation stone for the UAE's first electric vehicle manufacturing facility was laid at the Dubai Industrial City on 28 March 2022. The facility will be built with an investment of AED1.5 billion to manufacture an estimated 55,000 cars each year by employing more than 1,000 personnel.