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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.
  • PGA works to extend ‘active and productive’ Saudi merger talks

    An update on the PGA Tour website regarding talks said the memo, which reportedly was obtained by The Golf Channel...

    The update to players in a memo from Monahan came hours ahead of the year-end deadline to approve a framework agreement merging the PGA Tour, DP World Tour and PIF

    Tour commissioner Jay Monahan said the PGA Tour had made "meaningful progress" in separate negotiations to have Strategic Sports Group (SSG) become a tour minority investor

  • Iran-Azerbaijan trade registers 46 percent jump in 2022

    Tehran, Iran-- Trade between Iran and Azerbaijan has registered a 46 percent jump in 2022, according to the deputy prime...

    The deputy PM was speaking at the inauguration ceremony of the new Astara-Astara border bridge

    He said the two countries would see significant growth in the transit sector in the coming years

  • Visitors flock to Sheikh Zayed Festival, boosting exhibitors’ sales

    Abu Dhabi, UAE--Sheikh Zayed Festival is witnessing a large public turnout from citizens, residents and tourists from all over the...

    The Heritage Village saw a huge crowd of visitors buying products made by Emirati families, boosting the businesses and industries

    Visitors can avail discounts on a wide range of products across all pavilions and sections, in addition to having new food experiences

  • UAE announces reduction in fuel prices for January

    ABU DHABI, UAE - The prices of petrol and diesel are set to decrease in the country in January following...

    This change reflects a continuous trend observed in the fuel prices over the past few months.

    September and October witnessing increases and November and December seeing reductions.

  • From climate action to global aid: Inside UAE’s remarkable year

    Abu Dhabi, UAE -- The UAE is bidding farewell to 2023, dubbed the ‘Year of Sustainability'. From hosting the relatively...

    UAE launched ALTÉRRA, the world’s largest private investment climate action vehicle, aimed at raising and mobilizing an additional $250bn for climate action.

    Despite global headwinds, CBUAE projects 3.3 percent year-on-year growth projected for the UAE economy in 2024.

  • 45 percent of Saudi employees work over 40 hours per week

    Riyadh, Saudi Arabia -- Nearly 45.8 percent of employees in Saudi Arabia work more than 40 hours per week and...

    Figures also show that 46.6 percent of employees have received training on health and safety procedures, and 48.7 percent have health and safety departments in their workplace.

    Data also shows that 7.8 percent of employees deal directly or indirectly with chemicals, medical waste, radioactive materials or toxic gases.

  • Bank takes over Amiantit subsidiary

    The bank will absolve Amiantit of all its financial obligations.

    The debt being cleared constitutes approximately 50 percent of the total liabilities that Amiantit owes to various banks.

    Preliminary estimates suggest the company will recognize profits worth US$128 million as a result of this settlement.

  • Maersk halts ships’ transit via Red Sea strait for 48 hours

    COPENHAGEN, DENMARK - Shipping giant Maersk said on Sunday it was suspending the passage of vessels through a key Red Sea...

    The Maersk Hangzhou, a Singapore-flagged, Denmark-owned container vessel reported being struck by a missile while transiting the Bab al-Mandab Strait.

    It appeared to be undamaged in that attack and "was able to continue its transit north", said Maersk, one of the world's largest shipping companies.

  • Saudi AZM gets independent director

    Omar bin Fahd Al-Sunaidi's term will extend until Jun 2026.

    The decision was made at the firm’s Fourth Ordinary General Assembly meeting.

    The assembly concluded with the appointment of PricewaterhouseCoopers (PwC) as the auditor for the Company's 2024 fiscal year.

  • 13 million merchandise tons shipped via special corridor, says Ukraine

    The corridor was created in August to link Ukraine's ports to the Bosphorus Straits, several weeks after Moscow refused to...

    Ukraine, on the Black Sea, has pushed Russia's much larger navy away from its coasts, allowing the resumption of grain exports

    Russia had threatened to target ships arriving and leaving Ukrainian ports, and has attacked port and grain storage facilities