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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.
  • OpenAI reveals new GPT-4o model that is faster and free for all users

    OpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with an updated user interface, the...

    OpenAI, backed by Microsoft, has been valued at more than $80 billion by investors

    The new model can respond to users’ audio prompts “in as little as 232 milliseconds

  • Iraq now gas self-sufficient, paves the way for surplus exports

    Iraq has now become self-sufficient in liquid gas and the surplus is usually exported abroad, strengthening the Iraqi economy.

    Iraq has now become self-sufficient in liquid gas and the surplus is usually exported abroad

    It is expected that Iraq's oil reserves will increase to over 160 billion barrels, thereby boosting Iraq's position in the global oil market

  • Apple’s latest iPad signals the company’s AI-powered future

    San Francisco, United States - Apple on Tuesday announced a line of new iPad tablets revamped with a powerful AI chip...

    The latest version of the iPad Pro uses a new chip called the M4, which is stronger than the one currently used for Apple's laptops

    The iPad Pro and ultralight iPad Air are the company's first iPad releases in two years, ending Apple's longest period without upgrades since it launched the tablet in 2010

  • NEOM, Saudi Red Sea Authority to partner in marine tourism

    NEOM, Saudi Arabia -- Saudi Red Sea Authority (SRSA) has signed a memorandum of understanding (MoU) with NEOM to collaborate...

    The partnership will promote the sharing of expertise and enable the implementation and activation of joint initiatives.

    The agreement specified several areas of cooperation, such as supporting opportunities available to investors in coastal tourism and water activities.

  • Gaza truce talks resume in Egypt, without Israel for now

    Mediators from Qatar, Egypt and the United States have been waiting for Hamas to respond to a proposal that, according...

    The WHO says 1.2 million people, half of Gaza's population, have sought refuge in Rafah, which has been repeatedly threatened by Israel with an invasion.

    US has reiterated its objections to a Rafah offensive, saying Israel has not presented a plan to protect the civilians sheltering there.

  • Audi’s sustainable Middle East luxury drive

    The Arab countries are experiencing a significant surge in the adoption of electric vehicles (EVs), particularly favoring premium models, says...

    There's also a discernible penchant for high-performance and sports models, reflecting the region's enthusiasm for dynamic driving experiences.

    In the Arab world, customers prioritizing eco-friendly options in luxury cars is rising, although it remains somewhat nascent.

  • As ‘news deserts’ spread, US journalism fights on

    Baltimore, United States - Baltimore Banner reporter Matti Gellman is first to leap in with questions during a recent press appearance...

    For more than two decades, since the internet upended the advertising and print model on which newspapers had been based, the industry has been in crisis

    Nearly half of US counties have just one news source, the report said, often a weekly newspaper. And 228 are on a so-called "watch list" at high risk of losing even that

  • 30% productivity leap: Building the machinery of tomorrow

    By embracing digital tools, AI, and sustainable practices, companies can optimize production, redefine their role, and propel themselves towards a...

    New players are emerging, offering advanced digital solutions that boost shareholder returns and revolutionize customer experiences

    Siloed thinking, a failure to integrate new technologies with existing operational models, and an overreliance on traditional lean manufacturing methods can hinder progress

  • ‘Dubai, Abu Dhabi, Riyadh, Bahrain have reinforced position as top GCC tourist spots’

    GCC region is a hidden gem, offering a distinct blend of Arabic culture and history, Fahim Jalalli, CEO of Kanoo...

    What began with Emirates and Dubai has expanded to include Abu Dhabi, Qatar, Bahrain, and Saudi Arabia, says Fahim Jalalli, CEO of Kanoo Travel

    The region hosts numerous trade shows, conferences, and exhibitions, and have so many hotels that are capable of accommodating tens of thousands of attendees, he adds

  • stock market, nvidia, nasdaq,

    Top U.S. stock indices drop for third consecutive day on Wednesday

    The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward...

    Technology-heavy Nasdaq Composite slid 1.15% to 15,683.37

    Asian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower