UK production slumps back



UNITED KINGDOM // Car production contracted by close to a third in the United Kingdom last year, despite a record leap in output in the last month of the year. According to figures released by the Society of Motor Manufacturers and Traders (SMMT), output fell by 30.9 per cent. In total, 999,460 cars were manufactured in the UK in 2009. There are some signs, however, that stability is returning to the UK car industry, as figures for December revealed a 58.9 per cent jump in output compared to the same period in 2008.

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

'O'

Author: Zeina Hashem Beck
Pages: 112
Publisher: Penguin Books
Available: Now

The Baghdad Clock

Shahad Al Rawi, Oneworld


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