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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.

Aramco acquires stake in BHIG

The 50% equity interest in BHIG is Aramco-APQ joint venture.
  • Saudi Arabia, Belarus ink MoU to boost trade, investment

    RIYADH, SAUDI ARABIA - The Federation of Saudi Chambers and the National Center for Marketing and Price Study at the...

    Under the pact, the two parties will exchange information related to trade, business environment, investment, production and export opportunities.

    The two parties will organize joint research activities pertaining to marketing to enhance trade prospects and explore ways of improved cooperation.

  • Qatar sees 36.1 percent surge in visitor arrivals in Nov 2023

    Doha, Qatar -- Qatar witnessed a 36.1 percent increase in the number of inbound visitors in November 2023, compared to...

    The highest number of visitors was from the Gulf Cooperation Council (GCC) at 46 percent.

    The total number of registered new vehicles during November 2023 has reached 8046 new vehicles.

  • Rolls-Royce makes record deliveries

    It delivered 6,032 cars in 2023, the highest in its 119-year history.

    The United States was the group's biggest market in 2023, followed by China.

    The emblematic British car brand became part of German auto giant BMW in 1998.

  • Baims acquires Orcas Edtech

    The firm plans to incorporate one-to-one tutoring services.

    Baims specializes in providing online tailored recorded courses for university students in Saudi Arabia, Kuwait, Bahrain, and Jordan.

    Capitalizing on its market share in Saudi Arabia, Baims is poised to launch a specialized AI-driven test preparation product.

  • Bahrain Steel raises $450m SLL

    The company produces and supplies high-grade iron ore pellets.

    The proceeds from this loan will be directed towards CAPEX for constructing the world’s largest stockyard shed with rooftop solar panels.

    The SLL's framework incentivizes Bahrain Steel to exceed mandatory greenhouse gas (GHG) emissions reductions.

  • Dubai SME joins hands with CXDA to attract investment

    DUBAI, UAE – The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a part of Dubai...

    The strategic partnership with Dubai SME outlines a comprehensive roadmap.

    This will introduce AI for equipping SMEs with innovative financial solutions.

  • ADQ appoints new ADX chairman

    The company also appointed two new Board directors.

    Ghannam Butti Al Mazrouei is the Secretary-General of the Emirati Talent Competitiveness Council, where he oversees an AED24bn program.

    Al Mazrouei also serves on the boards of Abu Dhabi Retirement Pensions and Benefit Fund and AafaQ Islamic Finance.

  • Vinfast to build EV factory in India

    It is part of the company's planned US$2bn investment.

    According to a VinFast statement, the facility will be in the southern state of Tamil Nadu

    In August last year, the firm listed on the Nasdaq as its valuation skyrocketed and then crashed

  • China’s Evergrande says head of EV arm detained

    At the time of its establishment in 2019, Evergrande NEV said it aimed to become the world's leading manufacturer of...

    Once China's biggest real estate developer, Evergrande has reported more than $300 billion in liabilities and its troubles have become a symbol of the nation's years-long property

    The firm's electric vehicle arm NEV said Monday that Liu Yongzhuo - listed on its website as its president - had "been detained in accordance with the law on suspicion of illegal

  • Honda to set up EV plant in Canada

    The plant is estimated to cost Honda US$14 billion.

    the project would represent one of the multinational firm's biggest investments ever

    Honda said that it is "considering a number of initiatives as we move into the electrified era"