INSEAD Day 4 - 728x90

Vehicle

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • BEIRUT, LEBANON – At least 19 people searching for truffles in the north Syria desert were killed on Saturday after their vehicle hit a landmine, a war monitor said, raising an earlier toll of 16. Between February and April each year, hundreds of impoverished Syrians risk their lives searching for truffles...
  • Volkswagen profit up

    It delivered some 9.2 million cars to customers in 2023.
  • Renault Scenic model wins Car of the Year at Geneva auto show

    Renault unveiled a new electric vehicle and its Scenic model won the Car of the Year award at the first Geneva auto show since 2019, giving a boost to the French automaker's electrification plans. The Renault Scenic, an electric SUV, won the coveted Car of the Year prize, the French...
  • Commercial vehicle sales in China soar 79.6% in January

    Beijing, China--China's commercial vehicle sales soared 79.6 percent year on year to 324,000 units in January, according to industry data. Specifically, some 289,000 trucks were sold during this period, a surge of 81.8 percent year on year, according to the China Association of Automobile Manufacturers. A total of 35,000 coaches...
  • In Middle East, ‘manufacturing’ is a new buzzword

    From Saudi Arabia to the UAE and Qatar to Kuwait, governments across the region compete to jumpstart industrial sector but doubts remain whether it can be pulled off.
  • Honda unveils futuristic EV series

    It will introduce a commercial model in the US in 2026.
  • PIF and Hyundai to set up JV vehicle-manufacturing plant in Saudi Arabia

    Riyadh, Saudi Arabia--The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have signed a joint-venture agreement to establish an automated vehicle manufacturing plant in Saudi Arabia. PIF will hold a 70% stake in the new joint venture with Hyundai holding the remaining 30%. Hyundai will also act as a...
  • Jordan security shoots three fugitives dead near Saudi border

    AMMAN, JORDAN- Jordanian forces have killed three fugitives including two who had recently escaped jail in a raid near the kingdom's border with Saudi Arabia, authorities said on Sunday. Security forces raided on Saturday the hideout of three wanted fugitives "near the kingdom's southeastern border",  Public Security Directorate spokesman Amer Sartawi...
  • ‘Turkish drone kills 3 PKK-backed fighters in Iraq’

    A Turkish drone attack in northern Iraq killed three fighters from the Yazidi community affiliated with the rebel Kurdistan Workers' Party (PKK), Iraqi Kurdish officials said. "A drone from the Turkish army targeted a vehicle", killing an officer and two combatants from the Yazidi Sinjar Resistance Units, a Kurdistan region's...
  • Auto sales in Europe drop to a three-decade low in 2022

    Paris, France--New vehicle registrations in Europe dropped to their lowest level since 1993 last year as component shortages continued to hinder automakers, an industry group reported Wednesday. Despite an uptick in sales since August, the overall number of EU registrations fell 4.6 percent to 9.3 million, a level last seen three...
  • Lebanon charges seven for Irish UN peacekeeper killing

    Lebanon has charged seven people for participating in an attack against United Nations peacekeepers that killed one Irish soldier in mid-December, a judicial official said. Private Sean Rooney, 23, was killed and three others injured on December 14 when their UN Interim Force in Lebanon vehicle was attacked near Al-Aqbiya...
  • Irish UN peacekeeper killed in Lebanon after convoy attacked

    Aqibya, Lebanon-- An Irish member of the UN peacekeeping force in south Lebanon was killed and three were wounded after their convoy came under fire, UN and Irish sources said Thursday. "A convoy of two armoured utility vehicles carrying eight personnel travelling to Beirut came under small arms fire" late Wednesday, the Irish...
  • LG Chem to build plant in US

    The $3.2bn plant will make batteries for electric vehicles.
  • GM posts Q3 profit of US$3.3b

    US automaker was bolstered by strong vehicle pricing.
  • Dubai’s RTA earns US$10.12m from auction of number plates

    Dubai's Roads and Transport Authority (RTA) fetched $10.12 million from the auction of distinctive vehicle number plates at Grand Hyatt Dubai Hotel.
  • Jebel Ali Free Zone propels automotive markets growth

    Jebel Ali Free Zone (Jafza), facilitated over 1.2 million metric tonnes (MT) from Dubai’s total volume of around 4.8 million MT of vehicle and transport commodities which transited through the emirate in 2021.
  • Honda, LG to invest $4.4 bn

    Firms say construction of US plant to begin next year.
  • German carmaker Mercedes recalls one million older vehicles

    German carmaker Mercedes-Benz is recalling nearly one million older vehicles worldwide due to a potential problem with the braking system, the federal transport authority (KBA) said.
  • Saudi Arabia to purchase some 100,000 Lucid electric vehicles

    Saudi Arabia has signed an agreement with Lucid Motors to purchase a minimum of 50,000 electric vehicles and up to 100,000 electric vehicles over a ten-year period in an effort to diversify its fleet to be more environmentally friendly. “This agreement is a significant move that supports the key objectives...