Tesla sales tumble in Europe in Q1
The company suffered from boycotts against the policies of Elon Musk.Company News Business
Goldwind 2024 revenue up 12.5%
The clean energy giant posted $7.8bn in revenue for 2024.Company News Business
US’ first high-speed train to run between LA and Las Vegas in 2028
Washington, United States -- The United States will have its first high-speed train -- between Los Angeles and Las Vegas --...This project called Brightline West, from the name of the Florida-based company that will build and operate it, will receive up to $3 billion in financing, the administration said
While high-speed rail is the norm in much of Europe and Asia, particularly in China and Japan, the United States has long lagged behind.
Saudi Crown Prince launches urban plan of Qiddiya city
Riyadh, Saudi Arabia -- Crown Prince Mohammad bin Salman, Prime Minister and Chairman of the board of directors of the...Qiddiya city will become, in the near future, the foremost global destination in the fields of entertainment, sports, and culture, Argaam reported.
Work on the project has already begun by pumping about SAR 10 billion into the construction projects. The first assets are expected to be inaugurated in the next two years.
Meta encrypting Messenger and Facebook chats
Ramped up defenses against snooping that include disappearing messages come as the US company defends against lawsuits accusing it of...End-to-end encryption will be on by default and come with the ability to edit messages or have them disappear 24 hours after being sent, said Messenger head
People will still be able to report inappropriate messages to Meta, and the tech firm will notify users it if detects someone takes a screenshot of a disappearing message
Chinese firm announces $5bn investment in solar power chain in UAE
Dubai, UAE - Trina Solar, a Chinese renewable energy company, announced on Thursday plans to invest US$5 billion to create...Katherine Gao, Trina Solar CEO, described COP28 as an inspiring platform for leading companies to showcase their smart solutions in the fields of renewable energy
The event, she added, provides an opportunity to exchange solutions with industry leaders and governments to integrate environmental practices across the supply chain
KPMG to merge UK, Swiss ops
The UK unit employs about 17,000 staff and the Swiss over 2,600.KPMG UK said it is in discussion with Swiss firm to explore ways to bring greater benefits
KPMG rival EY recently failed in a bid to split its audit and consulting units, causing its boss Carmine Di Sibio to retire a year early
Awaed Alosool launches Sharia compliant investment platform
RIYADH, SAUDI ARABIA - Awaed Alosool Capital announces the launch of the Awaed platform, revolutionizing investment opportunities in public listed companies.Awaed...Awaed Alosool unveils an innovative platform dedicated to empowering individuals in Saudi Arabia with seamless access to Sharia compliant investment.
The platform provides an intuitive interface, offering individuals the means to engage in the market irrespective of their geographical location.
ROSHN, Retal sign $99m deal
363 single-family villas will be constructed in Riyadh.SEDRA, spanning eight phases over 35 million square meters, integrates nature and local heritage, creating a unique living experience.
The latest agreement with Retal underscores the commitment to delivering a modern, upscale, and sustainable urban community, ROSHN said.
Real estate deals in Bahrain decline marginally in third quarter: CBRE
Manama, Bahrain - Real estate transactions in Bahrain recorded a marginal 2.5 percent decline in Q3 2023, totaling 5,145 compared to the...Quoted apartment sales experienced a slight decrease of 1.7 percent, while apartment rents rose by 3.2 percent.
Villa rents and sales, on the other hand, saw significant increases of 4.3 percent and 1.2 percent, respectively
99 percent of world live in areas with air pollution levels above WHO guideline limits
DUBAI, UAE - According to World Health Organization data, 99 percent of the world’s population lives in places where air...Leading businesses recognize that they have an important role in reducing air pollution alongside greenhouse gas emissions.
Business activity contributes significantly to air pollution globally but air pollution is not prioritized nor integrated into climate action.
Iran-Russia trade surges 18 percent to US$1.7 billion in 2023
Tehran, Iran--Trade between Iran and Russia has climbed 18 percent to US$1.7 billion in the first eight months of 2023.This...Jumping more than 40 percent up, the weight of trade between Iran and Russia was 3,748 million tons from March to November
Iran revealed that $616, 326 million worth of goods were exported to Russia, which shows 32% increase compared to the same period last year
