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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.
  • ENEC signs MoU with Egypt

    They will explore to advance the use of nuclear energy.

    The UAE's nuclear body is focused on strategic investments, research and development, and innovative approaches to cater to the need for clean energy sources

    It is cooperating with local stakeholders to determine deployment pathways, and with international partners for both technology and project collaboration opportunities

  • Regenerative business models keep UAE ahead globally

    With 57% of C-suite executives in the UAE prioritizing regenerative models, the country is leading the global shift towards sustainable...

    With 57% of C-suite executives in the UAE prioritizing regenerative models, the country is leading the global shift towards sustainable and regenerative business practices.

    This trend, especially notable in the retail and energy sectors, marks a significant paradigm shift in how businesses approach sustainability and societal impact.

  • OPEC implores members to oppose any COP28 deal targeting fossil fuels

    Dubai, UAE--The head of OPEC has urged members of the oil cartel to reject any deal at UN climate talks...

    The OPEC chief urged members to reject any text or formula that "targets energy i.e. fossil fuels rather than emissions"

    On Friday, negotiators released an updated text that still includes various options for exiting oil, gas and coal

  • Bahrain and Germany look to boost cooperation in health sector

    Manama, Bahrain-- Bahrain and Germany have held discussions to boost ties in the health field as the two countries seek...

    Chairman of the SCH, Lieutenant-General Dr. Shaikh Mohammed bin Abdulla Al Khalifa, expressed Bahrain’s interest in developing cooperation with Germany in all fields

    Both the sides pushed for an exchange of specialized medical, technological and technical expertise, training, medical research between the two countries

  • UAE’s GCAA signs MoUs with Brazil, Switzerland in air-transportation sector

    Riyadh, Saudi Arabia--The General Civil Aviation Authority (GCAA) of the UAE signed two memorandums of understanding (MoUs) with Brazil and...

    The MoUs were signed on the sidelines of the UAE delegation's participation in the fifteenth ICAO Air Services Negotiation (ICAN2023),

    The GCAA chief said the UAE is eager to strengthen cooperation in the field of air transportation with various countries around the world

  • Battles continue across Gaza as UN holds vote on ceasefire

    Israeli forces maintained a relentless bombardment and ground invasion across Gaza two months after Hamas's deadly attack sparked a war...

    Israel has vowed to destroy Hamas over its unprecedented attack on October 7.

    Fighters broke through Gaza's militarized border to kill around 1,200 people and seize hostages,

  • Dubai faces warehouse shortage, says new report

    DUBAI, UAE — The supply of under construction warehouse stock in Dubai’s industrial market stands at 1.56 million square feet according...

    The report says that demand is outstripping supply and occupiers are faced with the prospect of leasing more secondary stock.

    Across the six primary submarkets tracked by Knight Frank in Abu Dhabi, rents have remained unchanged thus far during H2.

  • Vietnam TikTok entrepreneurs turn job losses into livestream gains

    Bac Giang, Vietnam - Vi Thi Anh spent half a decade doing monotonous low-paid work in industrial hubs near Vietnam's capital...

    Vietnam is one of the world's top 10 growth markets and turnover is expected to reach more than $20 billion this year, according to the ministry of industry and trade.

    Nearly 80 percent of Vietnam's 100 million people have access to the internet, and according to a recent survey by the data agency Statista.

  • Shell eyes $6bn in Nigeria

    The investment opportunities are being explored in offshore gas projects.

    Nigeria, the continent's top economy and major oil producer, is seeking to attract more foreign investment since President Bola Ahmed Tinubu came to office in May.

    OPEC member Nigeria has seen its oil output on the decline in recent years due to widespread theft from pipelines and attacks and high operating costs deterring on-shore investors.

  • Over-confidence leaves UAE consumers prone to online frauds: Visa study

    Dubai, United Arab Emirates – Over-confidence is leaving consumers in UAE open to becoming victims of fraud, according to Visa’s...

    Ninety-percent respondents likely to disregard the warning signs that suggest online criminal activity even though 61% claim to be savvy enough to sidestep scams.

    Just over one in two people (54 percent) in the UAE has been a victim of a scam at least once compared to the global average of 52 percent.