Search Site

Trends banner

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

Abu Dhabi to build museums in a $6 billion spending spree on culture

    • Abu Dhabi to construct museums and patronize sectors like media, gaming in $6 billion spending plan

    • The plan is part of the vision to diversify economy away from oil

     

    Abu Dhabi will spend $6 billion over the next five years to construct museums, as well as sectors such as media, gaming, music and cultural heritage, according to the Financial Times.

    It is part of the UAE capital’s efforts to diversify its economy away from oil. The investment will go towards building museums, as well as sectors such as media, gaming, music and cultural heritage, the FT said. Abu Dhabi has already committed $2.3 billion to projects in the sector, it said.

    Preparatory work for the Guggenheim Abu Dhabi had been awarded, and the main contract for the museum is expected soon, Abu Dhabi Department of Culture and Tourism Chairman, Mohamed Al-Mubarak, told the FT.