Search Site

Trends banner

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.

Saudi Arabia to ban import of trucks older than five years

The authority said the step aims at raising the efficiency and competitiveness of the Kingdom’s transport sector.
  • Saudi Arabia's Public Transport Authority said the decision will take effect on May 5, 2022
  • It applies to all heavy transport trucks designed for transporting goods and includes locomotives, trailers, and semi-trailers

Saudi Arabia has declared a ban on the import of trucks older than five years in order to raise the efficiency and competitiveness of the kingdom’s transport sector.

Saudi Arabia’s Public Transport Authority said the decision will take effect on May 5, 2022. It applies to all heavy transport trucks designed for transporting goods and includes locomotives, trailers, and semi-trailers.

The operational age shall be calculated from the beginning of January of the year of manufacture.

The authority said the step aims at raising the efficiency and competitiveness of the Kingdom’s transport sector. It will also contribute to reducing carbon emissions. In addition to reducing fuel consumption, it will also help reduce maintenance and operational costs, the authority said.