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TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

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

stc Group inks several pacts

The pacts were signed at the PIF’s Private Sector Forum.
  • The annual Private Sector Forum brings together policymakers, key local private sector players, visionaries and industry leaders.
  • The agreements signed covered a range of strategic stc Group objectives, from sustainability to digital transformation.

Iran agricultural, food exports hit US$4.8bn in 10 months

TEHRAN, IRAN – The country has exported more than 6.7 million tons of agricultural and food products worth US$4.8 billion...
  • Of this amount, 4,944,481 tons worth $2,930,585,728 were dedicated to the export of agricultural products.
  • While 1,133,710 tons worth US$931,961,158 were dedicated to the export of food products.

Saudi Arabia’s air defense commander examines Russia’s S-350, S-400 systems

RIYADH, SAUDI ARABIA – The Commander of the Royal Saudi Air Defense Force Lieutenant-General Mazyad bin Suleiman Al-Amr has inspected...
  • The Royal Saudi Air Defense Force Commander saw various radars from the Almaz-Antey air defense concern.
  • The commander visited the stands of Russian defense industry companies and paid special attention to the air defense systems.

Investment in Qatar free zones reaches US$1.3bn, says QFZ chairman 

DOHA, QATAR - Minister of State and Chairman of Qatar Free Zones Authority (QFZ) Dr. Ahmad bin Mohammed Al Sayed...
  • The QFZ chairman held a meeting with a delegation led by First Vice-Chairman of Qatar Chamber Mohamed bin Ahmed bin Twar Al Kuwari.
  • The delegation paid a field tour to the Ras Bufontas Free Zone to explore the investment benefits and business opportunities within the free zones.

RTA inks agreement to develop entry/exit points for Dubai Harbor

DUBAI, UAE - The Roads and Transport Authority (RTA) of the Emirate has entered into a strategic partnership with ‘Shamal...
  • The bridge extends from Sheikh Zayed Road to Dubai Harbour, an exceptional seafront district that hosts the region’s marina.
  • RTA would construct a bridge of two lanes in each direction spanning 1,500 meters and accommodating 6,000 vehicles per hour.

Number of visitors to Qatar rises 31.9 percent in December, says report

DOHA, QATAR - The total number of inbound visitors to the country reached about 519 thousand in December 2023, recording...
  • Qatar Monthly Statistics bulletin said the highest number of visitors was from the Gulf Cooperation Counci at 33 percent.
  • According to the bulletin, the total number of registered new vehicles in December 2023 has reached 3,390 new vehicles.

UAE allocates US$5m for UN’s humanitarian efforts in Gaza

ABU DHABI, UAE – As per the directives of President Sheikh Mohamed bin Zayed Al Nahyan, Minister of Foreign Affairs...
  • The UAE is keen to support the humanitarian operations being carried out by the United Nations in the Gaza Strip.
  • The UAE stressed on the need to prevent further loss of life and avoid inflaming the situation in the Palestinian territory.

UAE is the most popular destination for global workers, says report

Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report...
  • France, the United Arab Emirates, India, Turkey, and the United Kingdom were the top destinations for UAE recruiters.
  • This trend underscores the UAE's commitment to fostering a diverse and vibrant multinational workforce.

Qatar Central Bank issues treasury bills, sukuk worth US$686m

DOHA, QATAR - The Qatar Central Bank issued treasury bills and sukuk with maturities of one week, one month, three...
  • The Qatar Central Bank said the total bids for the treasury bills and Sukuk amounted to US$2.2 billion (QR 8.275 billion).
  • QCB issued treasury bills and Sukuk with maturities of one week, one month, three months, six months and nine months.

Number of millionaires in BRICS likely to rise by 85 percent in 10 years, says report

DUBAI, UAE - The total investable wealth currently held in the BRICS bloc amounts to US$45 trillion and its millionaire...
  • There are currently 1.6 million individuals with investable assets of over US$1 million in the leading emerging economies.
  • The UAE’s millionaire population has shot up since 2013, by 77 percent, and is now home to 116,500 millionaires

AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

Latest News

Record high Gold prices amidst expected September FED rate cut

Gold prices continued to notch new records Wednesday, lifted by increasing conviction that the Federal Reserve will cut interest rates...

GCC tourism’s contribution to GDP expected to surge by 2030: Fitch

GCC tourism's GDP contribution will rise from $130 billion in 2023 to over $340 billion by 2030, driven by aviation...

Boeing to plead guilty to criminal fraud charge stemming from 737 Max crashes

Boeing agreed to plead guilty to a criminal fraud charge tied to the fatal 737 Max crashes, the Justice Department...

Most Read

Trump Tower agreement announced in Jeddah following luxury hotel deal in Oman

A Trump Tower is coming to Saudi Arabia, a regional developer announced on Monday, Al Monitor reported.Dar Global and the...
  • Former US President Trump reportedly spoke with Saudi Crown Prince Mohammed bin Salman last April
  • The Trump Organization and Dar Global unveiled Trump International Oman, a luxury hotel and golf course at AIDA

Killer heat wave sweeps the globe, hundreds perish

A punishing heat dome continues to intensify over the northeastern United States, scores of record-high temperatures were matched or broken...
  • About 75 million Americans live in a location under an excessive heat warning or advisory
  • Latest reports say some 900 people died in Saudi Arabia, where temperatures reached 51°C

Chinese electric car company Nio to enter UAE this year

Chinese electric car company Nio plans to expand to the Middle East this year, CEO William Li said on an...
  • Nio, which recently received funding from Middle East-based investors, saw record-high deliveries of 20,544 vehicles in May
  • Rival BYD  has also made the UAE its entry point to the Middle East