Beirut, Lebanon - On Beirut's chaotic, car-choked streets, Lebanese student Fatima Fakih rides a shiny purple bus to university, one of a fleet rolled out by authorities to revive public transport in a country struggling to deliver basic services. The 19-year-old says the spacious public buses are "safer, better and...

Stocks moved sideways on Monday after notching four straight positive sessions last week as Trump adopted a more conciliatory posture on the trade war with China and said he doesn't plan to fire Federal Reserve Chair Jerome Powell.

Shanghai, China -- At the huge Auto Shanghai industry show this week, the chatter was less about powerful engines and more about cutting-edge technology and passenger comfort. Hundreds of carmakers and equipment supplies have filled the exhibition space since Wednesday, showcasing models packed with screens, massage seats and other add-ons...

Trump's sweeping tariffs are reshaping trade dynamics across MENA, impacting oil-exporting Gulf nations like Saudi Arabia, UAE and Qatar, according to Atlantic Council experts.

After Trump on Wednesday unveiled a blitz of harsher-than-expected levies aimed at countries around the globe, Ngozi Okonjo-Iweala warned the measures would "have substantial implications for global trade and economic growth prospects".

Paris, France -- From champagne to steel and now cars: it is getting harder to keep up with US President Donald Trump's growing tariff target list and the retaliatory measures by trade partners. Here is a rundown of what has been implemented, threatened and coming next in an escalating trade...

US President Donald Trump has announced steep tariffs on auto imports and parts, provoking threats of retaliation from trading partners ahead of further promised trade levies next week.

The Chinese EV giant's net profit was $5.55 billion for 2024.

Deliveries still 4.7 percent down from a year ago.

It delivered some 9.2 million cars to customers in 2023.

An increase in sales in North America and Europe lifted the profits.

Dubai, UAE -– Customs declarations processed by the Inland Customs Centers Management of Dubai Customs increased by 44 percent, reaching 1.13 million customs declarations in 2023, compared to 790 thousand declarations in 2022. The total number of inspections for goods and travelers amounted to 198,478. The cleared goods' total weight...

Form Saudi Arabia to the UAE, Qatar to Kuwait, governments of the region compete to jumpstart an industrial sector. But doubts remain whether it can be pulled off.

Its sales in China slumped 35% from April to December.

Paris, France -- Parisians were voting on Sunday in a referendum on tripling parking costs for hefty SUV-style cars, a campaign that has drivers' groups up in arms against city hall. Some 1.3 million in the French capital are eligible to cast their ballot on the change, which would see cars...

Dubai, UAE -- Dubai Electricity and Water Authority (DEWA)’s EV Green Charger initiative witnessed a 59 percent increase in the usage of its Green Charger services for electric vehicles throughout 2023. By 31 Dec 2023, DEWA’s EV Green Charger initiative, aimed at promoting green mobility, recorded 1.14 million charging sessions...

In recent years, China's auto sector has grown remarkably largely because of massive investments in electric cars, an area where Japanese firms have been more cautious. The JAMA figures showed that Japan shipped 4.42 million vehicles in 2023, compared with 4.91 million exported by China, as reported by China's automobile...

Riyadh, Saudi Arabia - The city of Yanbu witnessed on Friday evening the closing ceremony of the 5th edition of Saudi Dakar Rally, and the 46th in the history of the world rally, after an exciting competition for 14 days in 12 stages, with a distance exceeding the 7,500 km....

Amid declining sales and safety concerns, CEO covets more control, seeking solace in SpaceX's success.

It delivered 6,032 cars in 2023, the highest in its 119-year history.

It would sell China-developed EVs all over the world.

The third-quarter profit of $1.42bn is its highest-ever single-quarter earnings.

The carmaker's net profit plunged 7% to US$3.9bn in Q3.

Dubai, UAE - Nearly 15 million electric cars, including both battery electric and plug-in hybrid vehicles, are expected to be shipped worldwide in 2023, Gartner, a global research firm says in its latest forecast.  The figure is anticipated to see a 19% increase in 2024, with a total of 17.9...

Chancellor Olaf Scholz will officially inaugurate the IAA mobility show, held in Germany every two years, on Tuesday. But Monday's press preview will already give carmakers a chance to show off some of the new models that will be hitting the road soon.

Around 2.3 million Palestinians live in the territory, which has been under a crippling Israeli blockade.

Tehran, Iran – Iran's second-largest carmaker, Saipa, has successfully delivered another batch of cars to Venezuela as part of an automotive export and joint manufacturing deal signed during a visit by Iranian President Ebrahim Raeisi to Caracas in early June. According to a statement released by Saipa on Wednesday, the...

BMW's Pretoria plant has made over 1.6 million vehicles.

The company sold 3.16 million vehicles for the year to march 2023.

Riyadh, Saudi Arabia -- The number of containers handled by Saudi ports in the first quarter of 2023 grew by 17.57 percent to reach more than two million standard containers, the kingdom's General Authority of Ports (Mawani) said. The number of exported containers during the first quarter of 2023 witnessed...

Amman, Jordan--Jordanians are increasingly adopting electric cars in a push towards abandoning the fuel-guzzling cars that have become so hard to run in the face of high fuel prices. Speaking at a workshop on the future of eco-friendly vehicles in Jordan, Khalaf Humeisat, Chairman of the Board of Directors of...

On Friday the California Energy Commission said 18.8 percent of new cars sold in the state in 2022 were EVs, PHEVs or fuel cell electric vehicles, all of which California includes in its zero-emission category. Ten years ago, that figure was two percent. "California continues to lead the zero-emission vehicle...

RIYADH, SAUDI ARABIA -  Saudi Ministry of Industry and Mineral Resources has signed a memorandum of understanding with Hyundai Motor Company for building an assembly plant in the country. The MoU was signed in the presence of  Minister of Industry and Mineral Resources Bandar Al-Khorayef, Minister of Economy and Planning...

PARIS, FRANCE - Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential" to tackle high prices, security and climate change, the IEA said on Friday. Governments have scaled up fossil fuel subsidies to cushion the impact of rising energy costs on households...

Profit was due to high demand for pricier luxury models.

Sharjah, UAE— Sharjah Taxi intends to increase the number of its hybrid cars running on both fuel and electricity. The decision is in line with the Emirate’s vision to rationalize the use of energy, in accordance with its development goals and agenda. The company had previously completed hybrid vehicle conversions...

They will promote eco-friendly alternative to personal cars.

Riyadh, Saudi Arabia---Saudi Ports Authority (Mawani) handled record tons of volume at the Kingdom's various ports from Jan-Aug this year. Against the 187 million tons during the Jan-Aug period in 2021, Mawani said Saudi ports handled more than 212 million tons this year, an increase of 13.59 percent. Statistics during...

Firms say construction of US plant to begin next year.

The UAE-Germany non-oil trade exchange exceeded AED 478 billion ($130 billion) from 2012- 2021, according to data from the Federal Competitiveness and Statistics Centre (FCSC). The imports accounted for 89.5 percent of the total trade exchanges, while exports 3.5 percent and re-exports accounted for seven percent. The data showed that...

From pre-owned cars to electric vehicles, a number of trends are driving the growth of the automobile sector in countries like the UAE and Saudi Arabia.

The throughput tonnage at Saudi ports increased by 7.18 percent during the first quarter of 2022, reaching a total of more than 74 million tons, according to Saudi Ports Authority (Mawani). The number of transshipment containers increased by 5.91 percent, with a total of 1.3 million TEUs. Mawani said Saudi...

UAE, Saudi Arabia and Kuwait are the three top performing GCC markets when it comes to appetite for high-end cars, Hamid Haqparwar, MD of BMW Group Middle East, tells TRENDS.

The company said the fault could increase the risk of vehicle collision.

Thousands of Iranians drove through Tehran on Friday to mark the 43rd anniversary of the country's Islamic Revolution, staying in vehicles rather than marching on foot amid Covid restrictions. Due to the pandemic, state television said this year, as the previous year, there should be "no gathering or marching" by...

The Abu Dhabi Judicial Department (ADJD) has organized five-car auctions at the Al Mafraq vehicle impound area over the past three months in which 787 cars of different types were sold. The vehicles were sold at competitive prices ranging from AED2,000($544.51) to 255,000($69424.77) and yielded a total of AED18.5m ($5m)...

The company will invest $20 bn, hire 3,000 new workers for the sites in Ohio.

Car ownership could become a hobby only for wealthy people in future, says Ekar founder Vilhelm Hedberg.

The transaction will be reflected on Anaam’s Q3 financial results.

In a boost to China's Tianqi Lithium Corp, one of the world's top lithium producers, it posted its first net profit in two years on Sunday.