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TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

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
  • Abu Dhabi’s Yahsat to use SpaceX for its satellite launch

    Yahsat, the Abu Dhabi’s satellite company, has picked up SpaceX to launch its next generation Thuraya communications satellite in the...

    Next Gen satellite to be launched in 2023

    SpaceX’s Falcon 9 was selected primarily due to its high reliability and advanced capabilities

  • Emirates to restart flights to Saudi Arabia and St. Petersburg

    Emirates will restart flights to Saudi Arabia and St. Petersburg in Russia with demand for travel rising as the Covid...

    Saudi Arabia has recently lifted the travel ban on UAE and allowed its citizens to travel to the emirates starting September 8

    From October 8, flights between Dubai and St. Petersburg will operate four times a week, with services expected to increase to daily from October 21

  • Dubai unveils Expo 2020 ‘passport’ for visitors

    Visitors to Dubai’s Expo 2020 will be required to buy a 50-page booklet, passport, that would keep tabs of an...

    Booklet to keep a record of pavilion visits during entire 6-month event

    It is available for purchase at 20 dirhams ($5.45) from all Expo 2020 Dubai stores spread across the site

  • Aramex likely to buy out Turkish MNG Kargo for $500m

    Aramex, the Dubai-listed courier agency, is in talks with MNG Kargo, the Turkish delivery company, to buy it completely for...

    The potential deal comes at a time when relations between regional rivals the United Arab Emirates and Turkey are showing signs of improvement

    One of the sources said the talks were at an advanced stage and a second said the pair were engaged in due diligence

  • Adnoc Drilling eyes $86m rigs

    Adnoc, Adnoc Drilling, and H&P have formed an alliance for this.

    The rigs are expected to be delivered and commissioned in stages over a 12-month period

    The process is subject to acceptance upon successful completion of a final inspection on customary terms and conditions

  • Business booms in Dubai, best in two years

    Business activity has grown in Dubai at the fastest rate since September 2019, and is likely to improve further on...

    Expo 2020, further easing of COVID-19 restrictions to boost economic activity

    “We remain optimistic that private sector business conditions will improve further in Q4 2021 as Expo 2020 gets underway

  • AD Ports plans new $154m terminal

    The new terminal will be at the Khalifa Port in Abu Dhabi.

    The terminal will be managed by a joint venture where AD Ports Group will have a 30 percent stake

    CMA CGM’s subsidiary CMA Terminals will have a 70 percent stake in the JV

  • Saudi institute invests $500,000 to research farming in space

    The equity investment was reportedly a part of Interstellar Lab's latest $3-million seed round.

    The non-profit FII Institute has made the investment in the French firm Interstellar Lab

    The Paris-based firm designs closed-loop bio domes for sustaining life on Earth, the moon, and Mars

  • Iran mulls preferential trade agreement with Lebanon

    The director-general of the Iranian Trade Promotion Organization’s Office of Arabian and African Countries has said Iran is in talks...

    Lebanon is currently suffering under one of the world’s worst economic crises since the mid-1800s

    The situation is such that senior economist Nasser Saidi has said hyperinflation is imminent in the country

  • HNWIs drive up luxury car sales in Gulf region

    Being home to most of the high net-worth individuals in the Middle East, Saudi Arabia, the UAE and Qatar are...

    Porsche Middle East and Africa’s successful implementation of new retail strategy helps in achieving the targets in Q1 2021.

    GCC governments are committed to increasing sustainability by reducing carbon emissions.

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