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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.
  • Sabic leads low-carbon plan

    Sabic, WEF, and global companies will formalize the plan.

    The agreement will look to formalize the low-carbon emitting technologies or LCET initiative into a standalone entity by 2023

    As a result, LCET members will share early-stage risks and co-invest in developing and upscaling low-emission technologies

  • ADNOC Distribution opens two stations in Sharjah

    The openings support the company’s commitment to delivering on its promise to provide greater fuel retailer convenience to customers and...

    The openings support the company’s commitment to delivering on its promise to provide greater fuel retailer convenience to customers and neighborhoods

    The fuel-only Al Talaa offers fast and efficient refueling for customers, while the Al Madean station provides the full fuel and retail offering with an onsite ADNOC Oasis store

  • No fear of inflation becoming a ‘runaway train,’ says IMF chief

    Global finance officials are worried about rising inflation pressures but there it is little fear that it will become a...

    However, in advanced economies “policymakers have the tools” to deal with inflation

    With supply chain bottlenecks growing in the face of surging demand, policymakers have focused attention on rising prices

  • Response Plus Holding of UAE posts net profit of $10.9m

    Response Plus Holding, the UAE healthcare investment and management firm, has posted a net profit of $10.9 million during the...

    Its revenue for the nine-month period climbed to 197.7 million dirhams from 2.1 million dirhams last year

    As a result of revenue growth and improved margins, gross profit reached 60.1 million dirhams

  • Facebook ‘metaverse’ to become reality soon

    The technology might, for example, allow someone to don virtual reality glasses that make it feel as if they're face-to-face...

    The technology might, for example, allow someone to don virtual reality glasses that make it feel as if they're face-to-face with a friend

    Metaverse enthusiasts point out that the internet is already starting to blur the lines between virtual experiences and "real" ones

  • Oman and Lebanon explore new trade avenues

    Businessmen and stakeholders from Oman and Lebanon have discussed investment and trade exchange.

    The discussions took place during the Omani-Lebanese Business Forum organized by the Oman Chamber of Commerce and Industry

    The forum was organized on the sidelines of an official visit by a Lebanese business delegation to Oman

  • Saudi Arabia tops region’s maritime connectivity progress

    Saudi Arabia has scored 70.68 on the Maritime Connectivity Index.

    The global index measures the level of interdependence of the world's ports with shipping line networks quarterly

    It aims to help countries identify challenges and find opportunities to develop and improve their performance in the field of logistics services

  • Newcastle fans celebrate new era for the club under Saudi ownership

    Hundreds of supporters sported traditional Saudi headdress and flew flags of the Gulf kingdom ahead of the Magpies' first match...

    Newcastle fans celebrated the departure of unpopular former owner Mike Ashley

    The fans are already dreaming big as they aim to follow in the footsteps of Manchester City

  • Jordan, Saudi Arabia investors launch Fly Aqaba

    The new airline, Fly Aqaba, was set up with $20 million in private sector investment, said Nayef Bakhit, president of...

    Flights will connect Aqaba to Amman as well as European and other Arab cities "at competitive prices"

    The Covid-19 pandemic has badly dented Jordan's tourism industry, which represented 14 percent of its GDP

  • Robotics set to alter job markets in Gulf region

    There will be ample job opportunities in artificial intelligence, robotics, automation, advanced manufacturing, virtual reality, augmented reality and big data...

    There will be ample job opportunities in artificial intelligence, robotics, automation, advanced manufacturing, virtual reality, augmented reality, and big data

    Administrative and secretarial jobs, data entry, accounting, accounting records management and payroll services will become extinct, says a World Economic Forum report

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