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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.
  • Qatar hopes to attract 1.2 million World Cup visitors

    Organizers of the 2022 World Cup in Qatar hope to attract 1.2 million tourists to the Gulf country, an official...

    "They will not (all) be in the country at the same time, as the event extends over a period of 28 days"

    Those include accommodation on cruise liners, hotel apartments, fan villages with an Arabian desert vibe

  • Electrified cars hit almost a fifth of EU Q3 vehicle sales

    At least one in five vehicles sold in the European Union (EU) in the third quarter of the current fiscal...

    Battery electric vehicle sales jumped nearly 57 per cent to more than 212,000 units, while plug-in hybrid models rose nearly 43 per cent

    This is a slower pace of growth than in 2020 when sales almost trebled from a low base

  • Bavarian & DEWA discuss renewable energy collaboration

    They also discussed boosting relations, and interchanging knowledge with German businesses.

    DEWA and Bavarian officials met to discuss partnership in clean energy

    By 2050, Dubai plans to fulfill 75 percent of its energy requirements through renewable sources

  • Combat Field: a gamer’s paradise at Riyadh Season

    Among many attractions of Riyadh Season is Combat Field for fans of war and combat games. It simulates the reality...

    The total area of the Combat Field area situated in "Janadriyah" northeast of the capital, Riyadh is about 310,000 square meters

    Also, the Combat Field area includes a weapons museum, 5 exhibitions for the sale of ammunition, weapons and accessories, as well as live shows of fighting robots

  • UAE minister says global energy transition to take time

    The United Arab Emirates’ minister of state, Sultan Al-Jaber, said that the world needs to accept that global energy transition...

    The minister believes that the world is entering an oil supply crunch

    He said that 80 percent of energy demand still comes from fossil fuel. He added that the world was ‘underinvesting’ in hydrocarbons

  • New leaks rock Facebook

    Internal documents seem to support the accusations.

    Facebook held back from doing all it could to stop users from being radicalized, say recent leaks

    It is also accused of not doing enough to stop US election misinformation from flooding the social network

  • European nations strive to cushion energy price hikes

    Price freezes, tax cuts, energy payments or credits, targeted aid... in the face of soaring energy prices European nations are...

    France announced Thursday a one-time, tax-free payment of 100 euros to people with revenues of less than 2,000 euros per month

    It had already announced an exceptional, additional 100-euro payment to six million households which receive cold weather payments to help pay their energy supplier

  • Bitcoin drops off record high as ETF-frenzy subsides

    Cryptocurrencies declined on Friday following an ETF-fueled rally that saw it reach a record $67,016 on Wednesday, as investors questioned...

    Bitcoin’s recent rally — six-months after its previous top of $64,895 — was fueled by the debut of the ProShares Bitcoin Strategy ETF

    Investors have bet the long-awaited launch of bitcoin ETFs will lead to greater investment from both retail and institutional investors

  • STV sets its sights on $1bn Middle East tech fund

    STV is aiming to raise at least $1 billion for its second Middle East technology investment fund, making it potentially...

    The people chose to remain anonymous as the details of the fund remain private

    IPOs in the region have also recently taken prominence with Adnoc Drilling coming to the market as the largest IPO on the Abu Dhabi stock market

  • Al Babtain to procure SAR 250m loan

    The facility will be provided through Murabaha mode

    The duration of the banking facility is four years and 282 million riyals have been pledged as guarantees for the financing.

    The company said the loan will be used for re-structuring a part of short-term finances.

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