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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

Vanke reports annual loss of $6.8 bn

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

Abu Dhabi-based fund exceeds target of $50m in second raise

The Abu Dhabi-based fund said it has a “robust pipeline of opportunities” in a number of sectors including financial technology.
  • The Abu Dhabi-based fund said it has a “robust pipeline of opportunities” in a number of sectors including financial technology, educational technology, and health technology
  • “The fund aims to deploy tickets of up to $5 million in 12-15 companies that span from Series A to pre-IPO stages”

The Chimera Global Fund has surpassed its target of $50 million in its second raise, as it aims to deploy investments to a dozen companies in Series A and pre-IPO stages.

The Abu Dhabi-based fund said it has a “robust pipeline of opportunities” in a number of sectors including financial technology, educational technology, and health technology.

“The fund aims to deploy tickets of up to $5 million in 12-15 companies that span from Series A to pre-IPO stages,” its chief investment officer, Karim Radwan, said, following the recent fundraising round.

“We will focus on growth stage opportunities and plan to hold investments for a period varying from two to five years,” he added.

The fund has got some strong names in its portfolio, with marquee investments in online learning platform Coursera, Egyptian transport startup SWVL, and cloud kitchen Kitopi. It will continue looking for opportunities in the US, Southeast Asia, and the Middle East, said Chimera Capital Chairman Syed Basar Shueb.