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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.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.
  • Etihad, Sabre renew partnership

    Under the new pact, Etihad will leverage Sabre's IT solutions.

    Under the new agreement, Etihad will continue leveraging a suite of Sabre's IT solutions to aid recovery

    Sabre will help Etihad in network planning and scheduling, pricing and revenue management and cargo technology

  • IPL to resume in UAE on Sunday after tournament suspension due to Covid

    The tournament was halted in May because of a devastating surge in coronavirus deaths in India, prompting foreign players to...

    The eight-team tournament resumes with Delhi Capitals at the top of the table

    The final will be in Dubai on October 15, just two days before the T20 World Cup begins

  • UAE to establish business council with Estonia

    The council will aim to enhance bilateral economic and trade relations between the two countries.

    The MoU was signed by Abdullah Mohammed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry

    Peeter Raudsepp, CEO of Enterprise Estonia, signed the agreement on behalf of his country

  • Unesco recognizes Saudi marine sanctuary

    The UN body has registered the Farasan Island Marine Sanctuary in its Man and Biosphere Program.

    The Farasan Islands are said to support the largest population of idmi gazelle in Saudi Arabia

    They also have high concentrations of greater flamingo, pink-backed pelican, Eurasian spoonbill, and osprey

  • UAE to invest billions of pounds in UK

    The UAE has vowed to invest £10 billion ($13.8bn) in the UK over five years as Abu Dhabi Crown Prince...

    The focus of investment will be on the UK's technology, infrastructure and energy transition sectors

    Mubadala's investment plans is likely to 'drive a significant increase' across the three target sectors

  • Dubai-France trade reaches AED8.5 billion in the first half of 2021

    DUBAI: The emirate of Dubai sees tourism and exhibition activity returning to normal, with EXPO 2020 around the corner, according...

    The emirate sees tourism and exhibition activity returning to normal, with EXPO 2020 around the corner, according to DP World chairman.

    Top commodities included jewelry, perfumes, medical products, textiles and leather.

  • ADQ to acquire pharma firm

    ADQ will acquire Swiss firm Acino from its current shareholders.

    Switzerland-based Acino is known as a provider of pharmaceuticals

    Its markets include the Middle East, Africa, Latin America, Russia, Ukraine, and the CIS Region

  • Solutions by STC prices IPO at top range

    The IPO order book 130 times oversubscribed during the book-building process.

    The company is set to raise $960m, pricing IPO at 151 riyals per share.

    The individual investors tranche subscription process will commence on Sunday and ends on Tuesday.

  • Global economy to grow by 5.3 percent in 2021: UN

    But if widening economic gaps between the developed world and the poor countries persists, only a few will enjoy the...

    Many developing economies are being held back by constraints on fiscal measures, lack of monetary autonomy and limited access to vaccines.

    By 2025, developing countries will be $12 trillion poorer owing to the pandemic, the report said.

  • Most EMEA banks fret they would cease to exist unless they digitize fast

    Nearly 75 percent of banks expect tech giants such as Google and Amazon to dominate the banking industry in five...

    The report said only 25 per cent of EMEA-based banks expect to significantly increase spending on Big Data in the next three years.

    19 per cent of EMEA-based banks are focused on blockchain investment compared with 30 per cent of banks in North America.

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