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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.
  • Saudi Arabia to develop luxury mountain resort in western region

    Saudi Arabia will develop a new luxury mountain resort as the giga project inches closer to welcoming its first guest...

    The Desert Rock resort will have 60 keys in total and is part of the kingdom's giga project The Red Sea Project

    The 48 villas and 12 hotel rooms will offer visitors views of the wadi vistas in the western region of the kingdom

  • Saudi to build three sewage plants costing $630m

    The plants are being built under the Privatization Program, one of the elements of Vision 2030, said Abdulrahman Bin Abdulmohsen...

    The plants are expected to be ready by the end of 2024.

    Madinah, Qassim and Tabuk each will have a plant with daily processing capacity ranging between 90,000-375,000 cum.

  • Fourth cycle of Dubai SME 100 gets underway

    The fourth cycle is expected to highlight SMEs in Dubai that have shown resilience and progress despite the Covid-19 pandemic.

    Dubai SME 100 is initiative that ranks the top 100 SMEs in Dubai based on their performance

    It aims to identify SMEs based on financial and non-financial parameters, and support their growth

  • Greatest shows on earth: How expos changed the world

    International expos, or world fairs, draw millions of visitors to a chosen city every few years. Over two centuries these...

    The first universal exposition took place in Paris in 1798 to show off French industrial know-how.

    The record is held by the Chinese city of Shanghai, which drew 73 million visitors in 2010.

  • Brent crude price jumps above $80 a barrel

    With the rollout of vaccines and easing of lockdowns this year, bets on demand for the black gold have surged,...

    Brent climbed 0.9 percent in morning Asian trade to $80.24, its highest level since October 2018.

    The advance comes even as the global economic recovery shows signs of slowing owing to supply chain issues

  • Revelations at Expos in the Past: Ketchup, Eiffel Tower, telephone

    As Expo 2020 opens in Dubai on Friday, hoping to attract millions of visitors with its imaginative pavilions and technological...

    The most famous Expo was perhaps the Paris 1889 edition, where the Eiffel Tower by architect Gustave Eiffel was unveiled.

    Alexander Graham Bell's telephone was first demonstrated to the public at the Philadelphia world fair in 1876.

  • Dubai Expo unveils its gleaming pavilions

    Dubai's edition, the first in the Middle East, is expected to be the biggest event ever held in the region...

    Dubai's edition, the first in the Middle East, is expected to be the biggest event ever held in the region with estimates of 25 million visitors over its six-month lifespan

    The fair is another feather in the cap for Dubai, which has long strived for recognition with achievements such as the Burj Khalifa, the world's tallest building at at 828 metres

  • Agthia to pay $17.8m in H1 dividend

    The Abu Dhabi-listed company will pay AED 65.31 million cash dividend.

    The company’s total revenues grew 21 percent year-on-year to 1.32 billion dirhams in the first six months of 2021.

    The dividend marks the first interim pay-out of the firm.

  • Expectations rise for Expo 2020 gains to materialize

    A study published said projections for 2019 indicated investments that would generate long-term returns of up to $33.3 billion.

    The mega event is expected to create 905,200 job opportunities.

    A survey ahead of Expo 2020 by the Dubai Chamber of Commerce and Industry maintains Dubai’s economy was recovering.

  • Expo 2020: Cisco operating next generation IT network

    The company, the Expo's 2020 official partner, is ready to greet visitors and provide them with the most up-to-date digital...

    The company, the Expo's 2020 official Digital Network Partner, is ready to greet visitors and provide them with the most up-to-date digital solutions

    It will deploy 20,000 secure endpoints across the site to deliver industry leading connectivity

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