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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.
  • Iran to build 3GW renewable power plants

    The move is a collaboration between Iran's Power Generation, Distribution, and Transmission Company, and the Iranian Fuel Conservation Company.

    There are currently 100,000 agricultural wells in the country that use diesel to pump water

    The construction of renewable power plants would save huge amounts of fuel in addition to supporting the power grid

  • Qatar to host its own version of Geneva Motor Show

    The organizers of the Qatar Geneva International Motor Show intend the event to take place every two years.

    The first edition of Qatar Geneva International Motor Show is planned for the autumn of 2022 or 2023

    The final dates are expected to be confirmed in the coming weeks, and the full concept will be revealed during GIMS 2022

  • Iraq to rid its power woes with solar energy

    Iraq has signed a deal with China to build a set of solar power plants that would produce 2,000 MW...

    The first plant will have a capacity of 750 MW, and the country will add more plants until it hits the 2,000 MW target

    Writing on a blog Iraq’s prime minister Mustafa Al-Kadhimi said this was one of the first such projects in the country

  • SRMG taps Japanese firms

    It has struck a content deal with Japanese publishing houses.

    The partnership will enable SRMG to establish official channels with Shogakukan, Shueisha, and Kadokawa

    This will let it adapt and localize global content for Arab audiences

  • Saudi banks cheer recovery with surge in loans

    Driven by an increase in net loans and return on equity in the second quarter, Saudi Arabian banks are sitting...

    Saudi lenders increased their loan books by a net 13.1 percent from the previous three months

    Average return on equity was 11.0 percent

  • More women in EGA management

    EGA plans to have women in 25% of its supervisory roles.

    Two members of EGA’s Executive Committee are women

    EGA also employs more than 400 women around the world

  • Obhur Bay, the go-to spot for pleasure seekers

    To beat the sizzling summer heat, Obhur Bay is a go-to destination for many in Saudi Arabia. It is a...

    Surfing takes on a unique characteristic in the bay, as, in order for people to safely enjoy the sport, they are required to be highly skilled in terms of guiding the board

    Boat and jet ski competitions are also held throughout the year, and many resorts and hotels are found along the 11-km-long bay

  • Plot of land on Red Sea sells for $352.7m

    In one of the largest real estate deals in Jeddah this year, the Saudi Oger Company's "Arjuwan Red Sea Project"...

    The value of the endeavor amounted to more than $9.52mln for the land exceeding 281,000 sqm in a privileged location in the Alshatei district

    The Arjuwan Red Sea Project is one of the most promising and ambitious real estate projects in Jeddah

  • Oman sets terms for top hotels to open event halls

    Four and five-star hotels in Oman may open meeting and celebration halls, but must follow certain restrictions.

    Celebration and meeting halls in top hotels can function with a maximum of 35 percent capacity

    The hotels would have to allow entry to only those fully immunized with vaccines approved Oman

  • Lebanon taps Dubai’s ENOC for fuel swap

    Lebanon is expected to use ENOC’s fuel to generate electricity, as the Iraqi oil is deemed unsuitable for the process.

    As part of the deal, Lebanon will give ENOC 84,000 tons of Iraqi high-sulfur fuel oil

    In return, the country will receive 30,000 tons of Grade B fuel oil and 33,000 tons of gasoil

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