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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.
  • Watch: Experts discuss how Arab world reshapes future

    At the HUB Davos 2024 conference, UAE's Minister of Economy Abdulla Bin Touq Al Marri highlights the nation's commitment to...

    Amid the regional challenges, the Arab world showcases its resilience and forward-thinking at the World Economic Forum in Davos.

    Sessions by TRENDS under 'The Arab Future' theme focus on the Middle East's economic future and the burgeoning Creator Economy.

  • Gold extends slide after Fed dampens March rate cut hope

    Dubai, UAE - Gold prices extended losses on Wednesday as the US dollar strengthened after comments from a Federal Reserve...

    Spot gold was down 0.2% at $2,023.49 per ounce, as of 0415 GMT, after stooping 1.3% in the previous session - its biggest single-day decline since 4th December 2023

    The US Dollar Index, which gauges the dollar's strength against a basket of major currencies from key US trading partners has surpassed the 103.30 level

  • Qatar Islamic Bank profit up

    It posted a 7.5% jump in net profit to US$1.18bn last year.

    The bank's basic earnings per share for the year 2023 are QAR 1.73 compared to QAR 1.62 for 2022

    Its board of directors proposed a dividend distribution to shareholders of QAR 0.725 per share

  • Mawani reports rise in container handling

    The growth aligns with the aims of national logistics strategy.

    Saudi Arabia's overall ports recorded a 9.01% increase in annual container handling for 2023, reaching 11,380,302 TEU compared to 10,439,620 TEU in 2022

    Transshipment containers also experienced an 8.96% increase in volume, with 3,237,490 TEU transshipped in 2023 compared to 2,971,233 TEU in 2022

  • Disinformation, misinformation hurt global businesses

    "These risks are serious because they limit our ability to tackle the big global challenges we are facing. Changes in...

    Rebuilding trust and fostering global collaboration are essential to address the present challenges.

    The role of AI and digital innovation in combating misinformation and boosting productivity.

  • Google to slash ‘few hundred’ jobs

    The internet giant will cut jobs from its global ad team.

    The jobs will be cut by the company amid a push to use artificial intelligence for efficiency and creativity

    The company made no mention of generative AI, which is disrupting many sectors including advertising.

  • WTO hopes to finalize fishing agreement

    GENEVA, SWITZERLAND -  The head of the World Trade Organization's fisheries talks voiced optimism  on Tuesday about striking an agreement on...

    The 164 WTO members kicked off a month of negotiations this week at the global trade body's headquarters in Geneva.

    The draft text is intended to help members reach agreement on a so-called "clean text" for submission to ministers in Abu Dhabi.

  • Shell halts Red Sea shipments over attack fears, say report

    WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of...

    The worries of escalation grew after United States and United Kingdom strikes on scores of sites in rebel-held Yemen.

    The Houthis have been targeting what they deemed Israeli-linked vessels, but after the strikes, they declared US and British interests "legitimate targets."

  • Emirates to recruit 5,000 crew members in 2024

    DUBAI, UAE – Emirates will hire 5,000 people as it awaits the arrival of its fleet of Airbus A350s.The airline is...

    The airline is inviting fresh graduates with internships or part-time jobs on their résumés.

    It is inviting individuals keen to embark on an exciting career travelling the globe. .

  • Nespresso faces $330 m lawsuit in Switzerland over capsules

    Zurich, Switzerland - A French television star and a group of investors are demanding 280 million Swiss francs ($330 million) from...

    A French television show host Jacques Essebag, who goes by the name Arthur, is leading the suit against the Nestle subsidiary

    Nespresso, when contacted by AFP, acknowledged the lawsuit filed by ECC but said it did not comment on ongoing legal proceedings