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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.
  • Shareholders of Jeddah’s International Medical Center to sell shares in an IPO

    Fitaihi Holding Group, which owns part of IMC, has declared that it intends to sell the hospital’s shares in a...

    This follows a raft of other Saudi companies announcing a potential listing on the Saudi bourse

    The firm, which owns 19.25 percent of the hospital, said it will take the necessary measures to “transform it into a public joint-stock company”

  • Dubai police and a firm join hands to educate people about crypto fraud risks

    Dubai police and a cryptocurrency trading firm have joined hands to make investors and traders aware of the risk of...

     “We have been working with key policymakers to help them build regulation that will make crypto safe for investors”

    She said there is a “string of scams happening on peer-to-peer platforms,” and the partnership with the police could help investors and traders steer clear of them

  • Hyperloop to become a reality in years, not decades: CEO DP World

    Hyperloop, which is expected to transport passengers and freight at a speed of an airplane, could become a reality before...

    Sultan Ahmed bin Sulayem said India and Saudi Arabia might roll out the transport system first.

    DP World has invested in Virgin Hyperloop, which tested human travel in a hyperloop pod for the first time in 2020.

  • Has Apple traded magic for profit?

    The company under Cook has delighted Wall Street: the Apple brand was worth about $350 billion ten years ago and...

    The company under Cook has delighted Wall Street: the Apple brand was worth about $350 billion ten years ago -- and is worth $2.358 trillion today

    The Californian behemoth has impacted hundreds of millions of lives since its 1976 founding in a garage

  • EU aims to cement cooperation with Gulf states, says bloc’s foreign policy chief

    DUBAI: The EU aims to cooperate with the Gulf states on climate change, global access to vaccines and supporting the...

    Josep Borrell is on a visit to Riyadh, UAE and Qatar.

    A cooperation agreement will be signed with Saudi Foreign Minister Prince Faisal bin Farhan.

  • Sharjah International Book Fair begins on Nov 3

    Organised by the Sharjah Book Authority (SBA), the annual fair is one of the top three book fairs in the...

    Organised by the Sharjah Book Authority (SBA), the annual fair is one of the top three book fairs in the world.

    Authors, publishers, creatives, and intellectuals from around the world will take part in the fair's activities over the 11-day period

  • Sharjah, Guatemala explore ways to boost trade, cultural ties

    Sharjah and Guatemala have held discussions on enhancing trade exchange relations and joint investment opportunities in vital sectors like tourism,...

    Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, hosted a high-level Guatemalan delegation

    Malouf, who is also the head of the Guatemalan delegation at the ongoing Expo 2020 Dubai, was accompanied by Lars Pira, Guatemala's Ambassador to the UAE

  • India UAE

    UAE and India resolve to strengthen ‘deep economic ties between the two countries’

    The United Arab Emirates and India have resolved to strengthen ‘the deep economic ties between the two countries,’ while noting...

    Both sides recognized the collaboration between India and UAE during this difficult period and appreciated the leadership provided by the two countries

    At the meeting, discussions were also held on exploring mutually beneficial methods and incentives to facilitate further investment from UAE sovereign investment entities

  • Iran bans LG and Samsung home appliances

    The import of home appliances made by these two South Korean companies is now banned by Iran, following an apparent...

    Iran’s Supreme Leader Ayatollah Khamenei ordered the ban in response to a call by local producers

    Their request followed Khamenei’s insistence in recent years to ramp up local production of goods and banning the import of similar products

  • Expo 2020 opens doors of hope for humanity

    With the stunning opening of Expo 2020, the UAE has proved that it can explore the future that would open...

    The opening ceremony of the Expo 2020 Dubai, which represented a harmonious and impressive mixture, brought together the whole world with its various spectrums

    The event started a new era of excellence and achievement for our dear country in light of the Year of the 50th amid unprecedented domestic, Arab and international media attention

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