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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.
  • Gulf region poised for higher growth in 2021: Expert

    The economies of the region are recovering fast on the back of the rising oil prices and speedy vaccination programs,...

    The economies of the region are recovering fast on the back of the rising oil prices and a reasonably speedy vaccination program

    In 2022, tourism should also significantly boost growth, resulting in recovery in the non-oil sector as domestic consumption and investment demand improves

  • Drydocks World develops ‘South Yard’

    The latest project is aimed at increasing the company’s fabrication capacity.

    The firm is building a dedicated facility for new building projects comprising 70,000 sq.m. area

    The world-class yard will feature cutting-edge equipment, a much leaner execution process and a facility for heavy structures

  • Etisalat’s SmartHub centres grow

    SmartHub has become a key element of the digital infrastructure in the region.

    Etisalat’s SmartHub data centres act as an ICT bridge between continents, always supporting critical business activities of global customers

    SmartHub seeks to be a preferred location for carriers, cloud service providers, Internet exchanges and companies looking for a carrier grade data centres

  • Mrs Bectors subsidiary comes up in UAE

    The new company, Mrs Bectors Food International, was incorporated on September 14.

    Mrs Bectors Food Specialities Limited was incorporated as Quaker Cremica Foods Private Limited on September 15, 1995

    Following the termination of a JV agreement, the company was renamed Mrs Bectors Food Specialities Private Limited

  • What to Expect at Expo 2020 Dubai?

    Expo 2020 Dubai is the first world expo in the Middle East, Africa, and South Asia region.

    The theme of the six-month event is Connecting Minds, Creating the Future

    It covers three sub-themes: Sustainability, Opportunity, and Mobility

  • Natural Gas Distribution all set to list and trade on Nomu

    The listing and trading of shares of Natural Gas Distribution on Nomu will start on September 22, as a direct...

    Daily price fluctuation limits will be +/- 30 percent and static price fluctuation limits will be  +/- 10 percent

    The trading of shares will begin on September 22

  • UAE to become major player in emerging blue hydrogen market: ADNOC CEO

    The United Arab Emirates will become a major player in emerging blue hydrogen market, according to the CEO of the...

    The UAE is strengthening its position as a regional leader in natural gas and the emerging blue hydrogen market

    "Today, gas provides almost one-quarter of the world’s energy supply and will continue to play a critical role in the global energy system"

  • SNOC to meet Sharjah’s gas needs amid rising power demand

    Gas will be sourced from SNOC's own resources and ADNOC imports.

    In 2019 SNOC and ADNOC signed an interim contract to close the gas supply gap with SEWA.

    Sharjah has also begun to develop its own resources of gas.

  • Expats leaving Oman can retain properties under usufruct scheme

    The scheme allows them to manage properties from outside the country through law firms or realtors.

    The usufruct period for buildings can last for up to 50 years, and be extended for 99 years.

    With this scheme, Oman aims to keep pace with global trends around controlling the movement of funds.

  • RoyalJet comes to Dubai to cater to high demand for charter planes

    In order to cater to growing demand for charter planes, RoyalJet, the wholly owned subsidiary of the Abu Dhabi-owned RoyalJet...

    Demand for private flights expected to surge further as Expo 2020 draws near

    The jets are available for charter by business and leisure travelers who are looking to fly directly into and out of Dubai

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