Search Site

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Audi Middle East achieves 33% sales growth in first 5 months of 2023

All Audi sedan and SUV models have experienced significant year-on-year growth. (Audi pic)
  • This success is bolstered by Audi's strategic partnerships and investments in electric vehicle infrastructure across the Middle East.
  • Audi's EV portfolio now features an extensive range of models, spanning sports cars, sedans, hatchbacks, and the SUVs.

DUBAI, UAE :   In the first five months of 2023, Audi Middle East achieved a 33 percent growth compared to the same period in 2022, making it the strongest start to a year since 2015.

All Audi sedan and SUV models have experienced significant year-on-year growth; with Audi Approved Plus vehicles seeing a substantial 40 percent increase in volume for the period.

These outstanding results highlight Audi Middle East’s strong performance and market presence in 2023.

The Audi e-tron GT, from its initial launch, has demonstrated consistent growth, experiencing a remarkable 24 percent increase in sales from 2022.

This success is further bolstered by Audi’s strategic partnerships and investments in electric vehicle infrastructure across the Middle East.

Audi’s EV portfolio now features an extensive range of models, spanning sports cars, sedans, hatchbacks, and the generously proportioned SUV.

The introduction of the Q8 e-tron further solidifies Audi’s commitment to expanding its EV offerings, catering to the growing demand for electric vehicles in the market.

Carsten Bender, Audi Middle East’s Managing Director, will bid farewell to Dubai as he returns to Germany to embark on his continued remarkable journey with the Audi brand.

Bender said, “As my second tenure in the region comes to an end after over five years, I am proud to have witnessed the remarkable growth and development of the region. The first half of 2023 performance has been exceptional, showcasing the region’s immense potential and Audi’s strong presence.”