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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.
  • DP World and Indonesia Investment Authority plan $7.5bn long-term investment

    DP World and the Indonesia Investment Authority (INA) have signed an agreement to form a consortium and working team to...

    The investments would include inland terminals, cargo parks, feeder network systems, landside transport and industrial zones.

    They will also explore collaboration with the Indonesia Port Corporations (Pelindo).

  • Demand for films in Saudi Arabia grows, above 1,000 released in 3 years

    There is a great demand from distributors for films in Saudi Arabia, which is borne by the fact that more...

    CEO of the General Commission for Audiovisual Media holds meet with Warner Bros EMEA head.

    The participants say the film industry in the kingdom will witness a 'qualitative renaissance'.

  • DEWA to be listed on Dubai Financial Market in coming months

    The listing is part of the Securities and Exchange Higher Commission’s strategy to increase the size of the stock market...

    The listing is part of the Securities and Exchange Higher Commission’s strategy to increase the size of the stock market in the Emirate to AED3 trillion

    The move is likely to raise the competitiveness of bourses and encourage more initial public offerings

  • SHUAA’s insurance assets grow to $136m

    The firm expects the assets to reach $500m within three years.

    SHUAA has managed the equity and debt portfolios of five major insurance firms.

    The company is focused on strategically growing its insurance assets under management, said MD SHUAA.

  • Pfizer lifts 2021 forecasts, sees $36bn in Covid vaccine sales

    Pfizer again lifted its 2021 profit and revenue outlook on Tuesday, bolstered by the latest surge in Covid-19 vaccinations, including...

    The drug maker now expects 2.3 billion dosage deliveries of the Covid-19 vaccine in 2021

    Pfizer said higher forecast 2021 results reflects the boost from the Covid-19 vaccine, as well as the performance of Pfizer's broader business

  • 50 Dutch companies arrive in UAE: Water, food, energy on agenda

    Representatives of 50 Dutch companies, led by the Dutch Minister for Foreign Trade and Development Cooperation Tom de Bruijn, arrived...

    More than 350 companies operate in the UAE and use the Emirates as a base for the Gulf region.

    More than 350 companies operate in the UAE and use the Emirates as a base for the Gulf region.

  • Theft of data worries UAE and Saudi residents, says study

    Ding launched the second Ding Global Prepaid Index (GPI)in the United Arab Emirates and Saudi Arabia.

    45% of UAE respondents fear data being collected, 37% in KSA

    75% of UAE respondents say they have low trust in social media platforms

  • Sharjah Chamber and Kazakhstan to explore investment opportunities

    The Sharjah Chamber of Commerce and Industry (SCCI) and Kazakhstan have discussed ways of benefiting from promising investment opportunities in...

    The chamber recently participated in the "Nur-Sultan Investment and Tourism Forum" organized by Invest in Nur-Sultan Office at Expo.

    Chamber's participation in the forum shows its keenness to explore business avenues abroad, said Abdullah Sultan Al Owais, Chairman of the SCCI.

  • Experts weigh in on Facebook rebranding to Meta

    Facebook is currently facing a lot of flak for accusations of bias, and leaked internal documents back them up.

    Facebook has a long history of criticism about users' privacy the content it views

    Today's scandals differ from past instances in the papers leaked from within the corporation

  • UAE’s ADNOC reinstates full oil supplies in Dec

    It will be the first time since the oil price crash in the second quarter of last year when the...

    It will be the first time since the oil price crash in the second quarter of last year due to the COVID-19 pandemic that ADNOC has not implemented any supply cuts

    Brent crude futures gained nearly 60% since the beginning of the year to hit a near three-year high on Monday

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