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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.
  • Oman Air to fly to London again

    The flights will operate on Wednesday, Friday and Sunday

    The flights will operate on Wednesday, Friday and Sunday

    All flights are scheduled to operate with Boeing 787 Dreamliner

  • OECD lowers global, US economic growth forecasts

    The forecast for China remained unchanged at 8.5 percent. The growth prospects of Argentina, Brazil, Mexico, South Africa, South Korea...

    The recovery remains very uneven, with strikingly different outcomes across countries, OECD said.

    Global gross domestic product has surpassed its pre-pandemic level following last year's Covid-induced recession.

  • Investment in agritech key to UAE’s food security

    Investing in agricultural technologies can take the UAE closer to its goal of being one of the top 10 countries...

    Over 100 entities use organic farming techniques in the UAE, including advanced farms that utilize modern agricultural technologies.

    The Abu Dhabi Investment Office is investing at least US$100m in agritech startups as part of their food security strategy.

  • Asian markets stabilize but Evergrande fears linger

    The battle in Washington to raise the US debt limit was also fuelling concern that the government could miss payments...

    Dubai led declines among stock markets in the Gulf on Monday, as its main share index fell 1.2 percent.

    Hong Kong's Hang Seng Index, which plunged more than three percent Monday, edged up 0.2 percent.

  • Covid-19 drives e-learning in GCC

    There has been a massive growth in content creation and learners' demand in last two years as the pandemic puts...

    There has been a massive growth in content creation and learners' demand in last two years

    E-learning is highly dependent on digital infrastructures, such as Internet usage and connection fees, which vary dramatically from one Arab country to another

  • Dubai Chamber adds 16,000 new members this year

    Some 16,000 new companies have joined Dubai Chamber this year, bringing the total membership to more than 275,000.

    The membership growth is also a result of the various business-friendly measures and incentives introduced by the government in recent years

    The number of ATA Carnets issued by the Chamber and received by the country, increased 5.1 percent over the same period, reaching 2,188 in the first eight months of 2021

  • Foreigners in Kuwait on commercial visit to get work permit now

    The move is aimed at meeting growing demand for manpower by companies in the country. After all, the number of...

    Thousands of expats left Kuwait this year and have been unable to return due to the pandemic

    This move is expected to offset that talent drain and attract more such talent into the country

  • Evergrande’s crash crunch stumps investors and homeowners alike

    The once-mighty Evergrande Group has long been the face of Chinese real estate, surfing a decades-long property boom to expand...

    The once-mighty Evergrande Group has long been the face of Chinese real estate, surfing a decades-long property boom to expand into more than 280 Chinese cities

    But it is now smothered by a $300 billion liabilities burden that has crushed its credit rating, share prices

  • Kuwait starts 100,000 bpd oil-gathering center

    Kuwait is one of five countries that negotiated a higher baseline for its quota in a July 18 OPEC+ meeting.

    A gathering center is a facility that collects oil from a field to be transferred usually by pipelines

    This gathering center is formally referred to as GC-31 and is located in in northern Kuwait

  • Amazon to hire 1,500 people in UAE as it expands business

    Amazon, the US e-commerce giant, has announced that it would add 1,500 jobs in the United Arab Emirates to cope...

    The jobs, according to the company, will be created as it expands its fulfillment center storage capacity by 60 percent

    This expansion is expected to create additional jobs through its sellers and delivery partners

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