Saudia to acquire 20 wide-body aircraft
10 of these being acquired for its flydaeal low-cost airlineCompany News Business
Saudi Aramco, BYD form alliance to develop low-carbon automotive innovations amid EV growth
Saudi Aramco, the world's largest producer of oil, "is exploring a number of ways to potentially optimize transport efficiency, from...Business
Tesla sales tumble in Europe in Q1
The company suffered from boycotts against the policies of Elon Musk.Sales of Tesla's electric cars in France fell 36.8 percent in March from a year ago amid a slight drop in the overall electric car market
In Sweden, Tesla sales declined 63.9 percent in March and 55.2 percent in the first three months of the year, according to Mobility Sweden
Ford’s US Q1 auto sales dip
But its Q1 figures exceed a forecast by EdmundsThe automaker reported a 1.3 percent dip in sales in the world's biggest economy, to 501,291 vehicles, compared with the same period in 2024.
This was mainly due to the discontinuation of certain vehicle models and rental fleet sales timing, the company said.
OpenAI says it raised $40 bn at valuation of $300 bn
San Francisco, United States - OpenAI on Monday said it raised $40 billion in a new funding round that valued...The infusion of cash comes in a partnership with Japanese investment giant SoftBank Group
SoftBank said in a release that it is on a mission to realize Artificial Super Intelligence (ASI) that surpasses human intelligence
Vanke reports annual loss of $6.8 bn
The property giant attributes loss to falling sales and shrinking profit.Beijing has in recent years grappled with a prolonged crisis in the country's vast real estate sector, once a key pillar of the economy but now beset with sprawling debt.
Hong Kong-listed Vanke is part-owned by the government of Shenzhen and was China's fourth-largest real estate firm by sales last year, according to research firm CRIC.
Qatar’s Producer Price Index for Feb down 0.33 percent year-on-year
Doha, Qatar -- Qatar's general Producer Price Index (PPI) for the industrial sector for February recorded 114.01 points, showing stability...The PPI for the industrial sector is composed of four main sectors: mining and quarrying, which accounts for 82.46 percent of the index.
On an annual basis, the index for this sector fell by 0.42 percent, attributed to the same decline in oil and gas extraction.
Goldwind 2024 revenue up 12.5%
The clean energy giant posted $7.8bn in revenue for 2024.Net profit last year also saw growth, rising nearly 40 percent percent to 1.9 billion yuan.
China now dominates the global wind sector in terms of total installed capacity, aided over the years by generous strategic subsidies from Beijing.
A dirham and a dream: Matthews Southwest’s Jay French on future of UAE real estate
From an institutional investor-based viewpoint, it is becoming of interest more now than it ever has been. And that's a...From a trading location, it's always had a great history. Now it's just multiplying and multiplying and multiplying and building success on success, he said.
the Future was a really bold statement by the Prime Minister's office to show locally and regionally as well as globally the world, what it stood for, French said.
Automakers lead market losses after Trump tariffs on imported vehicles
Wall Street's main indexes opened in the red, with General Motors sinking more than nine percent in early trading while...Among European auto firms, Volkswagen shed 2.4 percent, Porsche was down around 3.5 percent, Mercedes lost four percent and BMW fell 2.7 percent.
In Mumbai, India's Tata Motors, which exports Jaguar Land Rovers to the United States, lost more than five percent.
Emaar to pay $2.39bn dividend
The company had posted $19bn in property sales for 2024.Emaar’s revenue backlog from property sales exceeded AED110 billion (US$30 billion), supporting future revenue generation.
Total revenue for 2024 reached AED35.5 billion ($9.6 billion), marking a 33 percent year-over-year increase.
Aramco acquires stake in BHIG
The 50% equity interest in BHIG is Aramco-APQ joint venture.The agreement brings together experts in their respective fields to provide the Jubail Industrial City area with hydrogen, including lower-carbon hydrogen, at scale.
BHIG is expected to commence commercial operations to produce blue hydrogen in coordination with Aramco's carbon capture and storage (CCS) activities in Jubail.
