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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.
  • Adidas sells Reebok to Authentic Brands Group in $2.5bn deal

    Adidas in 2006 acquired Reebok — till then an independent entity with a history that can be traced back to...

    Reebok is the latest big brand under ABG, which already owns Arrow, Brooks Brothers, Forever 21, Sports Illustrated, and Van Heusen

    It also owns the likeness rights or estates to celebrities like Muhammad Ali, Elvis Presley, Shaquille O'Neal, and Marilyn Monroe

  • Oman, India ink MoU to cooperate on mining

    The agreement will aid the exchange of laws and regulations endorsed by the two countries, and data about investment opportunities.

    The two sides will encourage cooperation in exchanging experiences in innovation and application of techniques

    They will also explore modern methods of excavation for minerals and development of industries based on such ores

  • Chevron JV wins $240m Bapco deal

    This is the largest catalyst management deal in Bapco’s history.

    This is an exclusive five-year agreement, which includes an option to renew for an additional five years

    The resulting plant would be known as 1RHCU when fully operational in 2023

  • Shareholders okay Arkan merger

    Arkan will merge with Emirates Steel by the end of this year.

    The key terms of the merger were proposed in May this year by Emirates Steel’s parent company Senaat

    They are to transfer Emirates Steel to Arkan in consideration for the issuance by Arkan to Senaat of a convertible instrument

  • Dubai records $1.2 billion realty deals

    AED 2 billion worth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged...

    The highest number (21) of sales worth AED 59.14 million were recorded in Nad Al Shiba Third.

    AED 2 billion wroth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged for AED 333 million.

  • Popular Buraidah dates daily sales worth $400k

    About 400 refrigerated trucks transport hundreds of tons of 45 varieties of dates to specialized factories in big cities.

    The region has the highest number of date palm trees among all the kingdom’s regions.

    About 400 refrigerated trucks transport hundreds of tons of 45 varieties of dates to specialized factories in big cities.

  • Bank ABC Islamic H1 gains hit $19.2m

    The profit absorbed a one-off fraud-related impairment in 2020.

    The profit reflects the bank's success in returning to normal performance after absorbing the one-off exceptional fraud related impairment in 2020

    Other key highlights include the total operating income of US$21.5 million which is 8.1% lower than the same period last year

  • Cargo ship splits in two after running aground at Japan port

    Aerial images showed the separated stern of the Crimson Polaris tipped upwards and the other part of the stricken boat...

    Aerial images showed the separated stern of the Crimson Polaris tipped upwards and the other part of the stricken boat listing into the sea

    Authorities were trying to contain the oil leak but had not yet been able to erect an oil fence around the boat

  • Emiratis in 18-24 age group 61 percent of Expo 2020 volunteers

    The Expo Volunteers Program is an opportunity to gain lifelong skills and build connections, say Expo statement.

    Volunteers drawn from all segments of society will manage the 182-day event's vast array of activities, events.

    The Expo Volunteers Program is an opportunity to gain lifelong skills and build connections, says Expo statement.

  • Dubai hotels may work full capacity

    Under new Covid-19 directions for tourism sector, the number of participants in community events has been increased to 2,500 for...

    The number of participants in community events increased to 2,500 for indoor activities and 5,000 for outdoor functions with no mandatory vaccination.

    Recreational and entertainment destinations such as museums, cinemas, exhibitions and tourism spots may increase their capacity to 80 percent.

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