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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.
  • Banking on apps for personal finance

    People in the Middle Eastern countries are increasingly relying on apps to manage their money, streamline expenses and other banking...

    TRENDS presents a list of apps that can be used to manage personal finances in UAE and elsewhere in the region, as well as those that can be used anywhere

    Middle East has one of the highest percentages of smartphone penetration in the world

  • Bitcoin tops $60,000 as US mulls crypto fund

    Bitcoin breached the $60,000 mark for the first time since April on growing hopes that US regulators will greenlight the...

    The SEC has rejected attempts to create such an ETF since 2013

    An ETF is a financial product that can include different assets and be traded on an exchange like other stock

  • Dubai court directs Nissan to pay $354m to Al Dahana in damages

    A court in Dubai has directed Nissan Motor Co. Ltd. and Nissan Middle East to pay $354 million as compensation...

    The case sought compensation for damages suffered due to breach of contract allegedly committed by Japanese automaker Nissan

    The Dubai court issued a precautionary attachment order over goods and moveables

  • DMCC sells a rough 118-carat diamond for record $5.2 million

    Dubai Multi Commodities Centre (DMCC) has sold a 100+ carat rough diamond for $5.218 million (US$ 44,004 per carat) in...

    The 118.58-carat type IIa stone was viewed by top diamond trading companies from Asia and Europe.

    During one tender event in Dec. 2020, $87 million worth of rough diamonds were sold at Dubai Diamond Exchange.

  • Microsoft shuttering LinkedIn in China as rules tighten

    The US-based company will replace LinkedIn in China with an application dedicated to applying for jobs but without the networking...

    LinkedIn was given a deadline by Chinese internet regulators to better oversee content on the site.

    Aside from being a venue for finding jobs, LinkedIn is a place for exchanges over business developments or news.

  • Israel readies for delivery drone traffic jams

    Israeli companies are tapping air force veterans’ expertise to avoid collisions in increasingly crowded skies as they look to start...

    Israel has a public-private initiative worth 20 million shekels, or about $6 million to advance its drone technology

    As part of it, three drones were delivery-tested earlier this week

  • CBD and Infinios announce pact

    Both will work to support the growing fintech market in UAE.

    Achieving the financial inclusion objective of the UAE one of the aims behind partnership.

    The partnership will help Infinios to expand its regionally unique banking-as-a-service solution (BaaS).

  • Arab influencers use Instagram for global branding

    As the 'influencers' phenomenon gets popular on social media, many of them in the Arab world have ridden the Instagram...

    Instagram is currently one of the most powerful channels for brands and SMBs

    In the post-pandemic era, brands can be developed and sustained without physical stores

  • UAE discusses trade partnership with South Korea

    The UAE and South Korea have discussed the prospect of pursuing a Comprehensive Economic Partnership Agreement to strengthen economic ties,...

    The negotiation process for this agreement is set to begin soon

    It is expected to cover issues like market access to goods and services, ecommerce, and carbon neutrality

  • ADQ to buy remaining 20 percent stake of Daman

    ADQ has entered into a definitive agreement to acquire the remaining 20 percent equity stake of The National Health Insurance...

    Since 2006, Daman has grown to become the nation’s largest health insurance provider

    As a partner to ADQ, Munich Re will continue to be Daman’s reinsurer

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