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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.
  • Bank UAE

    UAE Central Bank to issue commemorative Expo 2020 silver coins

    DUBAI: The Central Bank of the UAE (CBUAE) has announced it will issue silver coins that feature Expo 2020’s official...

    All issued commemorative coins will be available for sale via the Expo 2020 official stores as well as the New Zealand Mint’s website.

    Costing coins will be available for sale via the Expo 2020 official stores and New Zealand Mint’s website.

  • Al-Rajhi Capital predicts Saudi oil revenues to touch $145.3bn at the end of 2021

    Al-Rajhi Capital believes that Saudi oil revenues will touch $145.3 billion at the end of 2021, while total state revenues...

    The bank's estimate for non-oil revenue is at $101bln

    The assessment was made on the Saudi budget forecast released on Thursday

  • Jordan, Lebanon discuss cooperation

    Jordanian Prime Minister Bishr Khasawneh met his Lebanese counterpart Najib Mikati to discuss cooperation and help Lebanon.

    Jordanian Prime Minister Bishr Khasawneh underlined his country’s support for Lebanon to overcome ongoing challenges

    He also pointed to the relations that bind the two countries and peoples, highlighting Jordan's commitment to enhancing joint cooperation

  • Saudi Arabia to strengthen trade ties with Austria

    The Saudi delegation of the trade system was headed by Minister of Commerce Majid Al-Qasabi.

    During the meeting, the countries discussed opportunities to enhance and develop commercial relations

    They also talked of ways to upgrade the level of trade exchange and cooperation between the two countries

  • Dubai Expo 2020 to attract 25 million business, tourist visits

    The full expo site has opened its doors to exhibitors from almost 200 countries.

    The full expo site has opened its doors to exhibitors from almost 200 countries

    The event was chosen eight years ago to follow the 2015 Expo in Milan, Italy, and cost around $6.8 billion

  • ADNOC Distribution will pay $350 million H1 interim dividend to shareholders

    DUBAI: ADNOC Distribution has announced AED1.285 billion ($350 million) as an interim dividend payment to shareholders for the first six...

    This is the first payment in what is expected to be a full-year 2021 dividend payment of AED 2.57 billion.

    The company has set a minimum of AED2.57 billion dividend for 2022.

  • Oman looks to tap Brunei for cooperation

    Oman’s Foreign Minister Sayyid Badr Hamad Al Busaidi and Brunei Darussalam’s Second Foreign Minister Dato Seri Setia Haji Erywan bin...

    During the meeting, the ministers stressed on their keenness in promoting cooperation in various fields, especially in areas of joint investments

    They also exchanged views on regional and international matters of common interest

  • Facebook grilled over mental health fears

    Facebook study warned of the harm Instagram can do to girls' well-being

    Facebook study warned of the harm Instagram can do to girls' well-being

    A Facebook whistleblower is set to testify before senators on Tuesday

  • Seamless Middle East 2021 held in Dubai

    The event, sponsored by the Arab League and organised by Terrapinn, was held at the Dubai World Trade Centre.

    The event, sponsored by the Arab League and organised by Terrapinn, was held at the Dubai World Trade Centre

    Participants in the event included a number of international institutions and organisations, such as Harvard University, the UN and the World Bank

  • US Pavilion to inspire ‘spirit of freedom’: Commissioner General

    Robert Clark praised the UAE for transforming “the sands of the desert into a thriving World’s Fair site, complete with...

    Robert Clark praised the UAE for transforming “the sands of the desert into a thriving World’s Fair site, complete with spaces for 192 nations to connect

    Clark added that the USA Pavilion will welcome millions in-person and online

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