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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.
  • Jebel Ali Free Zone buzzes with trade

    Jebel Ali Free Zone has been buzzing with activity this year because of a huge jump in the number of...

    In a statement, Jafza said it continued to attract businesses despite the ongoing pandemic because of the business park’s location

    The free zone is considered Dubai’s major source of foreign dire investment (FDI) inflows, accounting for 23.9 percent of total FDIs

  • BitOasis, UAE-based crypto trading platform, raises $30m to fund MENA expansion

    BitOasis, the UAE-based crypto trading platform, has obtained $30 million in funding, and intends to use the capital to expand...

    The new funds will be used to expand the company’s presence in the region

    The Series B round was led by Chicago-based VC firm Jump Capital, along with Jordanian startup platform Wamda

  • Dana Gas doubles its earnings to $256m from its sites in Egypt and Iraq

    Dana Gas, the UAE-based natural gas company, has seen its earnings double from its operations in Egypt and Iraqi Kurdistan...

    In the Kurdistan Region of Iraq (KRI), the company’s share of collections from sales of condensate, LPG and gas jumped 77 percent

    The company's earnings have seen a 102 percent jump to $256 million as compared to the same period last year

  • Aramco’s market value jumps to $2 trillion for the first time in two years

    The market value of Aramco has exceeded $2 trillion after its shares vaulted to their highest level since the start...

    The Saudi company helped fuel a rise in the Kingdom's stock market, with the Tadawul index exceeding 11,600 points for the first time in 14 years today

    Aramco shares came at the forefront of the active shares in the market, with a 1.08 percent rise and reaching SR37.45 per share

  • ADGM-registered can now list shares on UAE markets

    Entities registered with the Abu Dhabi Global Market or ADGM will now be able to offer and list shares on...

    An MoU was signed between the Registration Authority of the ADGM and the Securities and Commodities Authority or the SCA.

    The agreement aims to reinforce regulatory and supervisory cooperation between the two parties

  • Kuwait private sector partner in boosting trade ties: UAE chambers

    KUWAIT: A delegation from the Federation of UAE Chambers of Commerce and Industry and officials of the Kuwait Chamber of...

    Federation of UAE Chambers and Kuwait Chamber hold a meeting to discuss ways of promoting investment opportunities.

    Kuwait Chamber chairman expects Kuwait-Abu Dhabi cooperation in healthcare, education and food security.

  • Saudi to punish expats who engage in jobs for personal benefit

    The punishments could include monetary penalties, imprisonment, and then subsequent deportation.

    Any self-employed expatriate who engage in jobs for their own personal benefit could be fined SAR50,000 (around $13,300), jailed for six months

    The self-employed expatriate would be deported after serving the jail term and the payment of fines

  • Pakistan invites auto-sector investment at Expo

    The Federal Board of Investment of Pakistan has invited auto-sector investors to set up business within the country.

    The Pakistan government promises a safe and secure environment for foreign investors with legal protection under the Acts of Parliament

    It also promises investment opportunities in all sectors of economy for foreign investors with 100 percent equity or joint ventures

  • Credit insurance firms of UAE and France sign reinsurance pact

    DUBAI: Etihad Credit Insurance (ECI), a UAE Federal export credit company, and Bpifrance Assurance Export, a French export credit agency,...

    Etihad Credit Insurance and Bpifrance Assurance Export will push more Emirate and French projects globally.

    The UAE is France’s second-largest trade partner in the region. Non-oil foreign trade between the countries was AED 19.7 billion in 2020.

  • Ducab unveils new brand identity

    The UAE-based company will now focus on providing ‘Energy for change’.

    The UAE-based company will now focus on providing ‘Energy for change’

    The company seeks to generate positive economic, social, and environmental impact

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