French police and fraud investigators have raided three Renault sites in search of vehicle technology that was used by Volkswagen to cheat emissions tests. The car maker said authorities found no evidence of the devices but the news of the inspections saw billions wiped off its market value. The company did though recover from a 22% fall in share price. Recent test results revealed that emissions exceeded limits on vehicles made by Renault and by some other car makers.
ADX, DFM, Nasdaq Dubai to resume trading
Trading and settlement activities on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will resume on Wednesday, March 4.
Apple launches new MacBooks with M5 chips, bigger base storage
Apple on Tuesday unveiled updated MacBook Air and MacBook Pro models, featuring its latest M5-series chips and bigger base storage, in a bid to lure buyers in a softening PC market squeezed by rising memory costs.
UAE, Ecuador announce CEPA agreement signing
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and President of Ecuador Daniel Noboa have announced the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the two nations on Sunday.
DFSA announces closure of Nasdaq Dubai exchange
The Dubai Financial Services Authority (DFSA), has announced the temporary closure of Nasdaq Dubai exchange on Monday, March 2, and Tuesday, March 3, due to the ongoing regional developments.
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