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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.
  • DFM to list 10 new firms

    Dubai aims to increase its market volume to AED3trn.

    The Dubai Financial Market has listed 10 government and state-owned companies

    The announcements came during the first meeting of the Securities and Exchange Higher Committee

  • JNTO opens its first office in Dubai in bid to draw more GCC tourists

    Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of...

    Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of them from the Middle East

    As many as 28222 tourists visited Japan from the GCC in 2019, marking an increase of 28 percent from last year

  • Despite hurdles, interest in 5G high in MENA

    As GCC shifts away from dependence on oil and gas revenues, 5G is set to fuel tech growth and ease...

    5G subscriptions in the MENA have exceeded 1 million at the end of 2020

    The deployment of a 5G network faces several challenges

  • NMC gross revenue in Q3 up

    The number of patient encounters was 6.7m, compared to 3.7m in 2020.

    NMC Group's operating companies would exit administration and hand over the responsibilities to new ownership by the end of this year.

    The company, creditors and advisers are working to finalize the regulatory and approvals to enable the exit.

  • Dubai Economy, Golden Radiant help DED licensed traders to widen reach

    Traders holding Dubai Economy's DED Trader license can digitalize their businesses by using SingleCart App and a complete line-up of...

    Traders can digitalize their businesses by using SingleCart App and a complete line-up of the app's features to reach a larger number of consumers.

    The app is designed to help them handle in-store and online sales seamlessly from their smartphone.

  • Lebanon invites Saudis for talks as diplomatic row deepens

    Lebanon on Monday called for talks with Saudi Arabia to ease a spiraling diplomatic row sparked by remarks made by...

    "Lebanon invites Saudi Arabia to engage in dialogue to solve all outstanding problems and not just the latest spat, so that the same crisis is not repeated every time"

    On Friday, Saudi Arabia gave Lebanon's ambassador 48 hours to leave the country, recalled its envoy from Beirut

  • BNET handpicks new CEO

    Bahrain Network (BNET) has announced the appointment of Mr. Ahmed Jaber Aldoseri as its Chief Executive Officer, a former member...

    Mr. Ahmed Aldoseri held several notable positions in the past including Acting Director General of Information Security and Radio communications

    Prior to his current position, he provided consultancy services to the Kingdom of Bahrain’s Government on Cybersecurity matters

  • Transaction law changes will help raise UAE’s competitiveness ranking: CBUAE

    Several amendments to the Commercial Transactions Law related to cheques will contribute to raising the UAE's ranking in the Global...

    Several amendments to the Commercial Transactions Law will come into effect in Jan 2022.

    The changes will also consolidate the principles of justice by striking a balance between the interests of the cheque beneficiary or bearer: CBUAE

  • Saudi firms refinance SAR10bn real estate agreement

    Saudi Real Estate Refinance Company of the Public Investment Fund has announced the signing of a refinancing partnership agreement with...

    The agreement aims to increase the liquidity in the home financing market in the Kingdom, reduce the cost of home financing for Saudi families

    The agreement also supports REDF in enhancing its financial stability

  • Middle East’s first lithium production facility to come up at KIZAD

    The first lithium production facility in the Middle East will be established in the Khalifa Industrial Zone Abu Dhabi (KIZAD),...

    The $95 million will be set up by Australia's Lepidico at the eco-friendly, zero-waste facility.

    Lepidico's special process extracts lithium and recovers valuable byproducts from lithium-mica and phosphate minerals.

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