This week in the electric vehicle industry, Tesla's decision to cuts its prices across the board has drawn backlash from Chinese consumers. NIO has announced that it will abandon plans of building a Shanghai factory for now.
The UAE has proven that it deserves the top spot as the Middle East's leader in gender equality. Through job promotions and business permits given to women, the nation has helped empower more female entrepreneurs over the years.
Private firms outside the oil industry in the Emirates a cutting jobs at the fastest pace yet in almost a decade, a report by Emirates NBD revealed. Falling property prices in Dubai and softer oil prices are said to be the main reason for the drop in employment.