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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.
  • Saudi Arabia aims to build ties with Canada in scientific and research fields

    Riyadh, Saudi Arabia-- Saudi Arabia is exploring investment opportunities in education and aiming to attract investments to the kingdom from...

    The Saudi education minister explored investment opportunities in education, besides seeking to foster scientific and research collaboration between the two countries

    The visit of the Saudi delegation also looked to consolidate the partnerships between the kingdom's ministry of education and Canadian universities and colleges.

  • Zero trust remains an ongoing cybersecurity evolution

    Achieving Zero Trust Data Resilience is not an overnight task but a journey requiring organizational alignment, continuous adaptation, and the...

    Zero Trust is a mindset, not a destination, requiring continuous evolution in cybersecurity practices.

    Cybersecurity is an arms race, with the need to adapt and evolve to remain ahead of online threats.

  • Lebanon judge charges Nissan employees for allegedly stealing Ghosn documents

    BEIRUT, LEBANON - A Lebanese judge has charged four Nissan employees with the theft of documents and devices from the Beirut...

    A lawyer for the company said that the legal action was "unlawful" and that they would seek to have the charges thrown out.

    The Beirut judge has decided to prosecute "four senior Nissan officials" of Japanese, Spanish, French and British nationalities.

  • 35 Jordanian companies to participate in Gulfood 2024 in Dubai

    AMMAN, JORDAN – A total of 35 Jordanian companies are taking part in Gulfood 2024, the world's largest annual food...

    The Jordan Exporters Association is coordinating the country's participation in the event.

    JEA is coordinating local participation in the exhibition for the 20th consecutive time.

  • Tech giants sign pact against AI-made political deepfakes

    Under the agreement, AI-generated content could be given a watermark or tagged in the metadata at source, although the signatories...

    Among the 20 signatories of the deal, presented on the sidelines of the Munich Security Conference in Germany, were also X, as well as Snap, Adobe and Linkedin

    The tech companies also said they would also work together to develop ways to "detect and address" deceptive election material on their platforms

  • Abu Dhabi Judicial Department’s Auction App generated $925m in property sales

    Abu Dhabi, UAE - Since its launch in June 2022 through mid-February 2024, the Abu Dhabi Judicial Department's (ADJD) Auction...

    The statistics highlight the growing popularity and effectiveness of the ADJD Auction App as a platform for buying and selling various assets remotely.

    Counselor Yousef Saeed Alabri, Undersecretary of the Judicial Department, said that the smart Auction App revolutionized the bidding process for seized property in judicial cases

  • Innovative building codes transform MENA construction

    Two emerging construction processes gaining popularity, especially in the MENA region, are 3D printing of concrete structures and offsite construction....

    Building codes evolve to support clean energy, innovative methods, and circular economy principles.

    Emerging technologies like 3D printing and offsite construction optimize efficiency and sustainability.

  • MENA startups optimistic despite funding fluctuations

    In January 2024, MENA startup funding dropped 34% to US$ 86.5 million across 33 deals, with the UAE leading, followed...

    In January 2024, MENA startup funding dropped 34% to US$ 86.5 million across 33 deals, with the UAE leading, followed by Egypt's recovery and Saudi Arabia's steady input.

    Last month's funding spotlighted travel, fintech, health, and mobility sectors, with Pre-Seed and Seed stages leading, underscoring strong support for early-stage startups.

  • Asian markets rally after Wall Street highs, oil prices slide

    "The weakness of yesterday's US retail sales release have given market doves a new lease of life and allowed them...

    Wall Street had leapt Thursday after the US Commerce Department reported a larger-than-expected 0.8-percent decline in retail sales for January

    London equities also jumped as investors drew comfort from a contrasting January rebound in UK retail sales, one day after gloomy news that Britain entered recession

  • NatWest profit soars 32%

    The British bank's net profit jumped to US$5.5bn in 2023.

    The bank said that Paul Thwaite would become permanent chief executive in the wake of boardroom turmoil

    Thwaite takes over from Alison Rose, who resigned as CEO in July after admitting a "serious error of judgment"