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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.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.
  • Kuwait’s shopping mall, the Avenues, to open in Saudi Arabia

    The largest shopping mall brand in Kuwait, the Avenues, is all set to venture into Saudi Arabia with the opening...

    It will launch the outlets in Riyadh and Alkhobar

    The design for Riyadh is now complete and the contract is expected to be awarded soon

  • Q3 real estate transactions worth $1.55 billion recorded in Sharjah

    Real estate transactions worth AED5.7 billion ($1.55 billion) were recorded in Sharjah during the third quarter of 2021, an increase...

    A total of 1,662 sales transactions were recorded during Q3 2021, showing an increase of 52.5 percent compared to the same period last year.

    About 76 percent (1,262) of the sales transactions were made in the residential sector, followed by industrial sector (206), commercial (152) and agricultural (42).

  • Expo 2020 receives 3m visits in first five weeks

    It has just been a little more than a month and Expo 2020 has received some three million visits, since...

    Organizers also said that the number of virtual visits to the Expo 2020 Dubai’s online platform has reached 14.8 million since October 1

    Ticket sales for the fair have been beefed up to increase traffic to the fair

  • Fertiglobe revenues up 175 percent in Q3

    The company expects the strong showing to continue in Q4.

    The adjusted EBITDA increased 257 percent to $371 million in Q3 2021 as compared to Q3 2020.

    Fertiglobe will join ADNOC and ADQ as a partner in a new world-scale 1 million metric tons per annum blue ammonia project at TA’ZIZ in Ruwais.

  • Non-Saudis can now invest in real estate funds in two holy cities

    The Capital Market Authority (CMA) of Saudi Arabia allowed the financial market institutions to accept the subscriptions of non-Saudis in...

    The ownership system for non-Saudis in the Kingdom stipulates that non-Saudis are allowed to own real estate for their own residence

    It can happen after obtaining a license from the Ministry of Interior, and for foreign representations to own their official headquarters

  • Etihad Rail completes construction of UAE network’s first marine bridge

    Etihad Rail has completed the construction of a rail bridge connecting Khalifa Port with the UAE National Rail Network. The...

    The bridge will play an important role in improving the transportation of goods in the region.

    Etihad Rail recently completed construction works for Package A of Stage Two, which extends over 139 km.

  • Investcorp builds €1bn European real estate portfolio

    Since launching its European real estate business in 2017, Investcorp has invested close to €1 billion into 80 properties across...

    Since launching its European realty business in 2017, Investcorp has invested €1 billion into 80 properties across the UK, Germany, The Netherlands, and Belgium

    The recent industrial acquisitions comprise three multi-let and seven single-let industrial properties located in Bedford, Warrington, Stone, Gateshead, Stockton-on-Tees, etc

  • SoftBank posts $3.5bn loss

    This is its first quarterly loss since January-March 2020.

    Japan's SoftBank Group has logged its first quarterly net loss in 18 months

    The loss is due to the falling value of investments in its Vision Fund, including Chinese ride-hailing giant Didi Chuxing

  • Waha Capital reports AED 297mn profit

    Net profit for the third quarter stood at AED 32 million.

    The company also maintained an efficient operating model, with a cost to income ratio of 24.5 percent for the trailing twelve months

    The Private Investments business produced a net income of AED 1 million, with the global pandemic and market volatility impacting certain sectors within the portfolio

  • Colombia starts business forum at Expo 2020

    The Matchmaking Forum is one of the most important commercial initiatives of ProColombia, which is being organized at Expo 2020...

    The Matchmaking Forum is being hosted by ProColombia from November 7 to 11

    This event is expected to help companies and investors explore business partnerships

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