Dubai: Local car dealerships are expecting up to 30 per cent growth in auto sales next year as new models enter the market and increasing interest in used cars, they said.
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Dubai: Local car dealerships are expecting up to 30 per cent growth in auto sales next year as new models enter the market and increasing interest in used cars, they said.
Customers who enter a leasing deal on a new car, end up opting for used cars at the end of their lease term, dealerships say.
The used car business has grown so dramatically. The
Beijing: China is certain to hit the government’s economic growth target of 7.5 per cent for 2012 and could even exceed it, Commerce Minister Chen Deming said on Wednesday.
Chen made the comment at a conference, adding that China would likely spend more than $70 billion this year on non-financial outbound direct investment.
“In the first three q
Singapore: Brent crude steadied at over $110 per barrel on Wednesday, not far from a one-week low hit in the previous session, as investors nervously eyed talks to head off a looming fiscal disaster in the United States, the world’s top oil consumer.
Supply worries due to tension in Egypt, however, cushioned prices that were locked in a tight range
Tokyo: Asian shares ended a seven-day winning streak on Wednesday and commodities eased as investors fretted that a lack of progress in talks on US budget woes risked putting the world’s largest economy into recession, dragging down global growth with it.
European shares will likely track Asian peers lower. Financial spreadbetters predicted
Washington: The Obama administration said on Tuesday that China’s currency remained “significantly undervalued,” but stopped short of labelling the world’s second-biggest economy a currency manipulator.
Although Beijing controls the pace at which the yuan can rise, the US Treasury said in a congressionally mandated semi-annual report
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