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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.
  • Singapore-based Near acquires minority stake in MEmob+

    Near will work with MEmob+ to continue its global expansion with a push into the Middle East and Africa.

    Near will work with MEmob+ to continue its global expansion with a push into the Middle East and Africa

    The companies will look to accelerate the adoption of cutting-edge technologies to support the performance of businesses everywhere

  • Network International of UAE posts 19% jump in revenue

    Network International, the UAE-based payment solutions firm, has posted a 19 percent jump in revenue in the third quarter, increasing...

    Merchant solutions revenue was up by 38 percent, the company said in its Q3 2021 trading update

    The company said that its entry into the Saudi Arabian Market was also on track, with the expectation of launching in the kingdom in early 2022

  • Fertiglobe completes IPO on Abu Dhabi Securities Exchange

    The initial public offering (IPO), which raised over $795 million, experienced strong demand from local and international investors, with orders...

    Fertiglobe’s shares will begin trading at AED2.55, implying a market capitalisation for the Company of $5.8 billion

    The company is the world's largest seaborne exporter of urea and ammonia and the largest nitrogen fertiliser producer in the MENA region

  • Which Asia-Pacific countries are re-opening to foreign visitors?

    Mainland China, where Covid-19 first emerged last year, remains closed to overseas tourists, as is Japan.

    Mainland China, where Covid-19 first emerged last year, remains closed to overseas tourists, as is Japan

    India re-opened for foreign tourists on charter flights this month and will allow in visitors on all flights from mid-November

  • NEOM Tech and OneWeb team up for $200m high-speed satellite

    NEOM Tech & Digital Holding Company and OneWeb have signed a $200 million joint venture agreement to bring high-speed satellite...

    Both the companies will have exclusive rights to distribute OneWeb services in its target regions for seven years from the start of the satellite network

    NEOM Tech & Digital Holding Co. and OneWeb expect to complete ground infrastructure in 2022

  • Turkey’s hazelnut farmers blame Nutella for their meagre pay

    The world-famous spread is made by Italy's Ferrero confectionary, Turkey's top hazelnut purchaser. The global giant's other sweets include Ferrero...

    The little heart-shaped nut in Turkey accounts for 82% of global exports

    Ferrero has six facilities in Turkey, where it has been sourcing hazelnuts

  • Alphabet posts $18.9 bn profit

    Google remains a centerpiece of online activity.

    Google remains a centerpiece of online activity, with offerings such as its search engine, ad marketplace, and YouTube video platform

    The surge in Alphabet's earnings comes as the tech giant faces increased scrutiny from regulators regarding its power

  • Careem faces flak over random price hike

    People in the UAE complain about Uber and Careem's high prices, which have been raised significantly in the last few...

    An increasing number of people in the UAE are complaining about Uber and Careem's high charges

    The fares, it is claimed, have been raised significantly in the last few months due to Expo 2020 and Dubai attracting many tourists

  • Tunisia: Investment in services reach $252m in nine months of 2021

    Tunisia has witnessed an investment of 713.4 million dinars ($252 million) in service activities during the first nine months of...

    The investments will be mobilized under 6,464 projects and will create 22,053 new jobs.

    Services directed to the local market (96 percent of overall investment declarations) saw a 3.1 percent increase.

  • Sharp recovery to see Middle East box office revenue cross $800m in 2021

    Box office revenue in the Middle East made the fastest recovery in the world, from $250 million in 2020 to...

    The revenue is expected to continue to rise, reaching $1 billion in 2022 and $1.3 billion in 2024, research has shown.

    Only 261 of the 3,099 screens in the Middle East and Africa were closed due to the pandemic.

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