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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.
  • OPEC’s crude oil reserves up 0.3% to 1,237 bn barrels in 2020

    World’s proven crude oil reserves stood at 1,549 billion barrels in 2020, increasing by 0.2 percent from the level of...

    World’s proven natural gas reserves fell by 0.4 percent to 206.7 trillion standard cu m in 2020

    OPEC natural gas reserves stood at 73.74 tr standard cu m in 2020, down 1.4 percent from 2019

  • E-Sports a billion-dollar industry in GCC

    The Middle East has 25% of the worldwide gaming audience, followed by Latin America 13.9%, the Asia Pacific 9.2%, Western...

    The Middle East has 25% of the worldwide gaming audience, followed by Latin America 13.9%, the Asia Pacific 9.2%, Western Europe 4.8%, and North America 4%

    The value of gaming in the MENA is estimated to be US$4.5 billion with over 100 million gamers in the region

  • Microsoft announces pricing for new Office suite

    Office 365 has been renamed Microsoft 365, and will be available on Windows PCs, Apple’s Mac machines, and mobile platforms,...

    Microsoft 365 and Office 2021 will run on Windows 11, Windows 10, and the three latest macOS versions

    A Microsoft account and an internet connection are mandatory for subscribers to access and use Microsoft 365 or Office 2021

  • Saudi bourse joins new emerging-markets index

    The Saudi Stock Exchange will be added to its widely followed Emerging Markets Government Bond Index (EMGBI), the global index...

    The accession will allow the Saudi Sukuk and Debt instruments to be part of corresponding global market indicators that investors follow

    This would have been made possible by the actions that the Capital Market Authority of Saudi Arabia has taken

  • GCC and Europe to revive free trade deal talks: EU Ambassador

    The Gulf Cooperation Council and the European Union have agreed to revive free trade deal talks, according to EU Ambassador...

    EU countries have direct investments in Saudi Arabia worth $24.88bln

    The agreement will also be part of the discussions during the upcoming visit of the European Union representative to the Gulf region

  • Emirates Post launches five new services

    The official postal operator of the UAE made the launches during the 2021 Seamless Middle East.

    The new addition includes service points and parcel lockers

    Through these, customers will have more flexible channels for last-mile delivery options

  • Dubai Expo ‘new city’ is here to stay for decades

    Dubai has created a "new city" for Expo 2020 that will exist for decades, the head of the event said,...

    The $7bn purpose-built showground occupies a vast site on Dubai's outskirts with hundreds of pavilions

    Expo 2020, which has sustainability as one of its main themes, wraps up in March

  • The most interesting pavilions at Expo 2020

    Expo 2020 Dubai boasts some unique pavilions. Here’s a look at the most engaging among them.

    Future Forest, the Spanish Pavilion, boasts an organic and recycled artificial ecosystem

    The Women’s Pavilion is intended to honor the significant roles that women, known and unknown, have played throughout history

  • Anaam land sale nets $22.6m

    The transaction will be reflected on Anaam’s Q3 financial results.

    The deal has been inked with the buyer Khaled Mustafa Mohamed Monem

    It includes the sale of all equipment, machinery, buildings, and cars

  • Saudi stock market index ends high at 11,495.76 points

    The main Saudi stock index closed today, up, gaining 112.11 points, to close at 11495.76 points, with trading value worth...

    The volume of traded shares, reached 180 million, through more than 290 thousand deals

    The Saudi Parallel Shares Index (NOMU) closed today, down, losing 257.36 points, at 23652.32 points level, with trading value worth SR 51 million

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