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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.
  • Aramex Q3 net profit down

    It posted a five-percent decline in revenues to US$367m.

    It reported a decrease in net profit to $2.61 million in Q3 2023, a notable decline from $10.78 million recorded in Q3 2022

    Aramex, however, posted a 4% YoY increase in gross profit and a resilient EBITDA of $36.48m for the third quarter of 2023

  • Oil slumps below $80 for first time since July, stocks wobble

    Brent crude, the main international contract, briefly dropped more than 2 percent to hit $79.80, before bouncing back above $80...

    Crude had already plunged about four percent the previous day on news that China's exports fell at a faster pace than predicted in October.

    The drop in oil prices provided some support to stocks, but they still struggled. After opening with modest gains, Wall Street's main indices slipped into the red.

  • Dubai Investments acquires 7.68% more stake in Monument Bank

    Dubai, UAE - Dubai Investments, the leading investment company listed on the Dubai Financial Market (DFM), acquired additional 7.68 percent...

    This increases the Group’s holding in the Bank from 9.25 to 16.93 percent, although the investment is subject to necessary regulatory approvals

    The Monument Bank is a UK Based Digital Bank regulated by the Financial Conduct Authority (UK) and the Prudential Regulation Authority

  • Rabigh 9M net loss $879m

    The firm said unfavorable market conditions affected margins.

    In addition, Petro Rabigh complex was partially shut down for scheduled turnaround of its Phase II units starting Dec. 1, 2022, to Jan. 23, 2023, according to Argaam.

    The company narrowed Q3 2023 loss to SAR 1.14 billion from SAR 1.41 billion a year earlier, mainly due to improved refined products margin

  • Zain posts highest-ever quarterly revenue

    Tower infrastructure sale among factors responsible for the performance.

    The Q3 report also reveals a net profit of SAR 285 million, showcasing a growth of 234 percent compared to the corresponding period in 2022.

    The company said it has not only experienced growth in 5G revenue but also witnessed increased demand for consumer services.

  • IHC 9M net profit $4.13bn

    The Group's third-quarter revenues grew by 9.5 percent.

    In Q3 2023, IHC grew its total assets by 3.3 percent and reduced total liabilities by 1.3 percent (compared to December 2022).

    The Group intends to remain focused on optimizing its balance sheet and improving shareholder returns, IHC said in a statement.

  • Bayer to cut management jobs

    The company recently reported a net loss of US$4.9bn in Q3.

    The chief executive Bill Anderson said in a statement that the company was not happy with "this year's performance"

    Bayer said it plans to remove "multiple layers of management and coordination" by the end of the year

  • Amanat net profit up 73%

    The company posted a 44 percent growth in revenues for 9M-period.

    Revenu growth was driven by strong performance at the Education platform up more than two times, boosted by contribution from the recently acquired Human Development Company.

    Amanat reported an increase in EBITDA by 65 percent year-on-year to AED173.7 million in 9M 2023, on track to significantly exceed the AED188 million recorded in full year 2022.

  • SEC reports $1.55bn Q3 profit

    The company attributes the growth to surge in demand.

    Operating revenues went up to $15.19 billion, marking a 2.2% increase compared to the same period in the previous year

    The company attributed the revenue growth primarily to a surge in demand for electrical energy during the summer season

  • UAE a key market for our businesses due to its location: French official

    Dubai, UAE-- The UAE is a key market for French businesses due to its strategic location as a hub and...

    The French official said that his country's exports to the UAE exceed $5.13 billion, while UAE imports from France exceed $2.67 billion

    He said French exhibitors are looking to establish new partnerships, sign agreements, with specialized entities in the field of food industries