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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.
  • Bitcoin may touch $100,000 in Q1 of 2022

    Standard Chartered has forecast that Bitcoin will touch the magical figure of $100,000 in the first quarter of 2022, and...

    On Wednesday, Bitcoin was trading at a little more than $46,000

    Ethereum and Binance Coin were trading at $3,413 and $409, respectively

  • Eltizam Group buys Inspire Integrated for $10m

    Continuing with its expansion strategy, Eltizam Asset Management Group, a subsidiary of the Abu-Dhabi based International Holding Company, acquired Inspire...

    Acquisition part of ltizam Asset Management's expansion strategy

    Inspire Integrated, which will continue to operate under the same name, specializes in infrastructure and real estate solutions

  • Mubadala Petroleum, Eni partner for energy transition

    The scope of the cooperation covers potential joint opportunities in Mena, South East Asia, Europe, and other regions of mutual...

    The MoU aligns with Mubadala Petroleum’s approach to Environmental, Social & Governance ESG considerations and its energy transition goals

    This includes pursuing a gas-weighted portfolio strategy that has seen the company’s asset base reach almost two-thirds natural gas

  • UAE-led consortium gets $250m for gas plant in deal with DFC

    The consortium, called Pearl Petroleum Company Limited, is led by Dana Gas and Crescent Petroleum, both of which are from...

    Pearl Petroleum’s financing from DFC is expected to boost its work at the Khor Mor gas plant in the Kurdistan Region of Iraq

    Proceeds from the seven-year financing are expected to support an increase in gas production capacity at the plant by 50 percent

  • Belt and Road Initiative in GCC: A deep dive

    The relations between the Arab world and China have touched new highs particularly after China launched the Belt & Road...

    Bilateral trade between China and GCC increased 180 percent from US$68bn in 2009 to US$190bn in 2019

    Gulf imports from China totaled US$10 bn in clothing, textiles, and fabrics, accounting for 66 percent of Arab trade with China

  • Aramco to partner with Aveva for sustainability

    Aramco, with this partnership, will focus on driving sustainability in the region through digital transformation.

    The partnership will help Aveva establish its largest digital hub, with R&D capability, in the Middle East

    It will also enrich Saudi Arabia’s knowledge economy by incorporating research from prominent universities across the kingdom

  • Empower cools Uptown tower

    Empower is servicing 3,850 RT at the skyscraper.

    DMCC was keen to build the Uptown project according to the Leadership in Energy and Environmental Design gold standards

    As a result, it is now supplied with environmentally friendly cooling services of sustainable global standards

  • Chapman Taylor designs Jeddah park

    The airport City Central Park is designed as a botanical garden.

    The Airport City in Jeddah is coming up adjacent to King Abdulaziz International Airport

    It is being projected as an upcoming destination for visitors from across Saudi Arabia and the GCC region

  • Iran spends $620m to mechanize agriculture

    That amount reportedly equals 87 percent of the total budget allocated to a credit line for agricultural mechanization.

    The money has been used to supply agricultural machinery, tools, and equipment

    These have been supplied in fields like horticulture, livestock, poultry, and aquaculture

  • Donkey milk soap soaking up fans in Jordan

    Although other regions around the Mediterranean produce soap from donkey milk, this is the first for Jordan

    Although other regions around the Mediterranean produce soap from donkey milk, this is the first for Jordan

    Donkey's milk is said to be rich in minerals and proteins that can help moisturise the skin

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