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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.
  • Kuwait’s equity market gains for sixth consecutive month

    DUBAI: Kuwait’s equity market sustained its upward momentum in August as Kuwait All Share index rose 3.1 percent for the...

    Consumer goods sector top gainer followed by banks.

    S&P GCC composite index gained 3.6 percent in August as all GCC markets, except Oman, were positive for the month.

  • IsDB’s insurance arm and IFPA sign agri-food pact

    DUBAI: To promote agri-food projects and investments, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the...

    Agreement provides both agencies framework for collaboration, including attracting and promoting investment.

    IFPA aims to foster direct relationships between agricultural businesses in the Islamic Organization for Food Security member states.

  • Saudi state media companies to move from Dubai to Riyadh

    The decision follows an earlier Saudi move to stop giving state contracts to companies and commercial institutions with Middle East...

    The decision follows an earlier Saudi move to stop giving state contracts to companies and commercial institutions with Middle East headquarters in any other country

    According to reports, Al-Arabiya and Al Hadath TV channels have informed their employees that they plan to broadcast 12 hours a day from Riyadh by next January

  • True Global Ventures closes blockchain fund at $100m

    The TGV 4 Plus fund, which has been oversubscribed, focuses on blockchain firms primarily in late-stage equity funding Series B...

    TGV is funded by 40 partners who contribute 27%, along with a number of entrepreneurs, business angels, family offices and institutional investors

    Many limited partners of True Global Ventures are based in the Middle East

  • GCC can help shipping industry curb emissions

    Saudi Arabia and the UAE are already off the starting mark in their efforts to supply alternative fuels to the...

    Hydrogen requires high-pressure tanks when stored as a gas or temperatures of -253°C when stored as a liquid

    Ammonia can be used as marine fuel as the conversion process is economical and involves little fuss

  • New Oman mall to create 3,500 jobs

    The Mall of Oman is said to be the country’s largest complex of its kind.

    The Mall of Oman has the only IMAX experience in the country

    It will soon have global cafés and restaurants that offer more than 50 dining options

  • Tehran able to sell oil despite US sanctions, says minister

    The US imposed its harshest sanctions on Iran three years ago as Washington, under President Donald Trump, unilaterally abandoned an...

    One of the ways to do this is to swap oil for goods or investment

    This potential solution can also be used in other sectors and industries

  • Iran cuts natural gas exports to Iraq as per a six-month agreement

    The decision is said to be based on an agreement with Iraq, and apparently follows prior notification. Iran used to...

    Iran notified the Iraqi side about this reduction two weeks ago

    This export cut will continue for up to six months

  • Israel opens Chinese-operated $1.7bn port in Haifa

    The port, to be operated by Shanghai International Port Group, is expected to bring competition to a sector plagued by...

    It is expected to enable larger classes of cargo ships, carrying 18,000 containers or more, to dock in Israel

    About 99 percent of all goods move in and out of Israel over sea, and an upgrade is needed to maintain economic growth

  • Egypt gained most from Islamic Development Bank in 2020

    IsDB also contributed to Covid-19 relief in 2020, where it approved financing of around $2.3 billion.

    IsDB gave out around $6.8 billion to various nations last year

    Egypt’s share in that, at $1.13 billion, amounted to around 17 percent

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