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
Trump awards next-generation F-47 fighter jet contract to Boeing
US President Donald Trump announced Friday that Boeing has been awarded a major contract for the Air Force's high-tech next-generation...The contract is aimed at continuing the development of the replacement for the F-22 stealth warplane
The announcement is a boon for Boeing, which faced a difficult last year in which it struggled with a lengthy labor strike and safety problems
Heathrow to resume some flights after power station fire
London's Heathrow Airport said it would resume "some flights" later Friday after a fire at a power station grounded planes...The electricity substation fire late on Thursday shut down the airport, leading to the cancellation or diversion of hundreds of flight
Around 230,000 passengers use Heathrow every day -- 83 million a year -- making it one of the world's busiest airports
DEWA okays $843m in H2 2024 dividend
DEWA had posted a net profit after tax of $1.96 billion for the full year 2024.It reported consolidated full-year revenue of AED 30.98 billion and EBITDA of AED 15.73 billion for 2024.
It said the consolidated annual revenue grew by 6.17 percent, primarily driven by rising demand for electricity, water, and cooling services.
Chinese electric car maker BYD aims for Europe boost
Chinese carmaker BYD on Thursday vowed to conquer Europe with a new compact electric model and super-fast charging capability to...The group has launched major advertising campaigns including sponsorship of last year's European Championships in football
The European Union has imposed a 17-percent tariff on Chinese electric vehicles to make up for Chinese state subsidies
Saudi table egg production crosses 8 billion, achieves 100% self-sufficiency
Riyadh, Saudi Arabia -- Saudi Arabia's poultry sector has reached complete self-sufficiency in table egg production, with output surpassing 8...Saudi agriculture ministry said the kingdom's egg production not only meets domestic demand but also generates a surplus, reinforcing national food security.
The ministry also emphasized its commitment to enhancing food quality, safety, and availability across local markets.
ADQ and US equity firm ECP to invest $25bn in data center energy projects
Dubai, UAE -- Abu Dhabi sovereign wealth fund ADQ has partnered with the American private equity firm Energy Capital Partners...Though the partnership’s primary focus will be the USA, a portion of the capital may also be allocated towards opportunities in selected other international markets.
The combined initial capital contribution from the partners is expected to amount to $5 billion.
Dar Alarkan 2024 profit up 32%
The company's net profit increased by 81.5 percent in Q4 2024.Argaam reported that the company's revenue increased by 38.9 percent year-on-year (YoY) to SAR 3.75 billion in 2024 driven by higher real estate sales and rental income.
The company attributed the increase to stronger sales revenue, supported by higher property sales, along with growth in rental income.
Deepfakes can clone your voice in 5 seconds, tech firms mount defense
Las Vegas, United States -- Tech firms are fighting the scourge of deepfakes, those deceptively realistic voices or videos used...Hong Kong police recently revealed that a multinational firm employee was tricked into wiring $26m to crooks who staged a videoconference with AI avatars of his colleagues.
A recent study by identification start-up iBoom found that a scant tenth of one percent of Americans and Britons were able to correctly tell when a picture or video was a deepfake.
ADNOC Drilling approves $788m dividend
The final cash dividend of $394m for 2024 was approved at the AGM.The dividend will be paid on or around 11th April 2025, to all shareholders of record as of 27th March 2025.
ADNOC Drilling’s full-year revenue increased significantly to a record $4.034 billion, rising by 32 percent year-on-year.
Geopolitical tensions buffet markets, gold and oil prices climb
Gold and oil prices climbed on fears of escalating tensions in the Middle East after Israel launched its most intense...Wall Street opened lower but European stocks rose in afternoon trading as investors prepared for German lawmakers to vote on a massive spending boost for defense and infrastructure
Investors are eyeing this week's policy decisions from the US Federal Reserve, Bank of Japan and Bank of England, with all three forecast to stand pat on interest rates.
