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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 arm to convert Boeings

    Etihad Engineering will provide passenger-to-freighter conversions.

    Etihad Engineering will use its expertise and capabilities for the specialized Boeing 777-300ERSF conversion

    It will initially facilitate two conversion lines to accommodate multiple aircraft conversions per year

  • Qatar Petroleum begins expansion

    It has awarded an contract to Madrid-based Técnicas Reunidas.

    The expanded facilities will be utilized to handle liquid products from the four new LNG trains comprising the North Field East project

    The facilities will also reportedly support two new LNG trains comprising the North Field South project

  • The most vulnerable Linux distros

    Now, security solutions provider Trend Micro has said that detected millions of “security events” in Linux distributions — both in...

    The most common security event seen in Linux systems was coinminers

    The Linux distro with the most vulnerabilities was CentOS Linux

  • Women-only business package introduced in Masdar

    Masdar City Free Zone offers opportunities for UAE women who constitute 70 percent of UAE university graduates and are also...

    The announcement comes ahead of Emirati Women’s Day on Aug. 28.

    A team of experts are available to assist aspiring women entrepreneurs.

  • Now airplanes probe earth for mineral wealth

    Saudi Arabia has begun to obtain ‘high-resolution’ geological data spread over 600,000 square kilometers in the kingdom, enabling it to...

    He also said that the Kingdom is one of the richest countries in the world in terms of mineral resources with an estimated value of SR5 trillion ($1.3 trillion)

    It will also attract investments in the mining sector to achieve the goals of Saudi Arabia’s Vision 2030

  • IsDB and OIC keen to boost cooperation

    Both institutions will work toward supporting economic and social development in member countries.

    IsDB is organizing a forum in Tashkent on Sept. 2 on post-Covid 19 situation.

    Both institutions will work toward supporting economic and social development in member countries.

  • Saudi IT sector eyes boom, likely to touch $27bn by 2025

    The Information technology (IT) sector in Saudi Arabia will witness a big boom, with the market expected to touch $27...

    IoT market size is expected to grow at a compound annual rate of 26%

    Cloud services are expected to make up to 30 percent of the total ICT spend in the Kingdom by 2030

  • Iran to set up real-estate stock exchange in H2

    When established, it is expected to be Iran’s fifth major stock exchange.

    It will be under the purview of the Iran Mercantile Exchange or IME

    Such an exchange is expected to provide housing units for the underprivileged

  • Saudi Arabia lifts ban on entry of foreigners

    Saudi Arabia has lifted the ban on the entry of foreigners from 20 countries, six months after the kingdom declared...

    The Ministry of Foreign Affairs’ agency for consular affairs said the decision only applied to expats who were fully vaccinated in Saudi Arabia before they departed for their home

    Expats wanting to return to the Kingdom should undergo all health measures to ensure they were free from infection, the agency added

  • IFC pours $10.4bn in private sector in MENA

    During the current financial year, the International Finance Corporation (IFC), a member of the World Bank group, provided financing worth...

    IFC's financing included $2.9 billion in short-term finance and $4.2 billion in mobilization

    The funds helped small businesses access finance, connect people and businesses to reliable digital infrastructure, trade and services

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