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Oil wealth adds to luxury boom

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.
Luxury car market rides on sustainability

Luxury car market rides on sustainability

GCC luxury car market thrives amidst economic challenges, fueled by sustainable models and innovative approaches driving continued growth.

A shift in consumer preferences — with a substantial percentage of sales coming from smaller and midsize vehicles — hasn’t dented the appeal of luxury cars, says Peter White, Sales Director at Audi Middle East.

Recession fails to dent luxury car sector

Recession fails to dent luxury car sector

Dr Manfred Bräunl from Porsche discusses the evolution of automotive industry, including luxury segment

Amid rapid tech growth and rising environmental concerns, understanding the current automotive industry trends, especially in luxury, is vital, says Dr Manfred Bräunl of Porsche.

Luxury car market navigates challenges

Luxury car market navigates challenges

Developing the necessary infrastructure is the key challenge in achieving sustainable mobility, says Dr. Hamid Haqparwar of BMW Group Middle East.

In addition to battery electric vehicles, BMW is exploring hydrogen fuel cell technology to harness the potential of clean hydrogen production in the region, adds the managing director of BMW Group Middle East.