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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.
  • Shares of Al Rajhi Bank gain three percent, rise to highest level in 15 years

    Shares of Al Rajhi Bank gained three percent in today’s trading session, touching its highest level in 15 years. The...

    The stock rose more than 3 percent in today's morning session, with around 1 million shares of trade volume, raising it by over 80 percent year-to-date

    The share was trading at SR135.20 in the morning session.

  • Prescott announces Dubai project

    The project is worth AED140 million (more than $38 million).

    Prescott Real Estate Development is launching a residential development called Prime Residency III in the Al Furjan area of Dubai

    It will be a mixed-use development that offers studios and one-bedroom apartments, with views of the city’s skyline

  • Aramex vows to cut emissions

    It has signed a deal with the Science Based Target initiative.

    Aramex has signed a commitment with the Science Based Target initiative to significantly reduce its greenhouse gas emissions by 2030

    The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute, and WWF

  • UAE passport strongest in GCC, 16th in global ranking

    The United Arab Emirates is followed by Qatar (60), Kuwait (61), Bahrain (69) and Oman (71) on the Henley Passport...

    The United Arab Emirates is followed by Qatar (60), Kuwait (61), Bahrain (69) and Oman (71) on the Henley Passport Index

    The Henley & Partners' list is one of many that rank passports based on their ability to provide access to their citizens

  • Gulf International Bank closes $625million sustainability-linked syndicated loan

    Gulf International Bank (GIB) said on Sunday that it has closed a $625 million sustainability-linked syndicated loan (SLL), making it...

    The deal makes it the first majority Saudi-owned bank to close such a facility.

    The deal was oversubscribed by more than two times with $1 billion commitments from 20 global investors.

  • Turkish fires endanger world pine honey supplies

    Turkey’s pine honey harvests — especially in the Mugla region — were already suffering from drought when the wildfires hit....

    Turkey as a whole makes 92 percent of the world’s thick, dark pine honey

    The Mugla region, where 80 percent of Turkey’s pine honey is produced, has been ravaged by fire and floods

  • KSA, UAE lead GCC in maritime trade

    Saudi Arabia is planning to invest US$36bn in logistics and aims to become a regional hub for the shipping sector,...

    Saudi Arabia is planning to invest US$36bn in logistics and aims to become a regional hub for the shipping sector, a position enjoyed by the UAE for many years

    The UAE has 10 major ports followed by Saudi Arabia (9), Qatar, Oman and Bahrain (5 each) and Kuwait (3)

  • Egypt’s pavilion at Expo 2020 draws 50,000 visitors in the first week

    More than 50,000 visitors have been to Egypt’s pavilion at Expo 2020 during the first week of the gala event...

    Egypt’s industry and trade minister: Turnout meant the pavilion was one of most attractive for visitors

    Interactive displays show the developments that Egypt is witnessing in all fields

  • Jordan dedicates pavilion at Expo 2020 to youth of the country

    The creativity of Jordanian youth was celebrated with the opening of the country’s pavilion at Expo 2020 Dubai.

    The displays were built by young people from Jordan

    The ceremony was attended by Jordanian, Arab and foreign officials and community members

  • Evorra secures pre-seed investment

    Investors include Area Tech Holdings and FirstPartyCapital.

    The funds will be used to finalize Evorra's B2B SaaS audience marketplace.

    Evorra offers a solution to the death of third-party cookies so that brands can be custodians of their customer’s marketing data.

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