INSEAD Day 4 - 728x90

vehicles

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.
  • The future is already here

    Humanity is on a tech-fueled trajectory. Data and informed predictions are inspiring, showing how AI is reshaping economies, smart cities are rising, and boundaries are dissolving.
  • In fuel-guzzling Saudi Arabia, electric cars pique interest

    Riyadh, Saudi Arabia -- For Hamed al-Rafidain, a Saudi human resources worker, an electric vehicle offers welcome savings, especially since his other car is a fuel-guzzling four-wheel drive favored by motorists in the desert kingdom. The 39-year-old is part of a small but growing EV consumer base in Saudi Arabia, which...
  • Ford to pay US$365m in US tariff fraud case

    It will settle a civil suit linked to the disguising of imported vans.
  • Toyota to invest US$2.2bn in Brazil

    The automaker will beef up production of hybrid vehicles.
  • Toyota sells record number of vehicles in 2023

    It is the world's top automaker for the fourth year in a row.
  • Qatar sees 36.1 percent surge in visitor arrivals in Nov 2023

    Doha, Qatar -- Qatar witnessed a 36.1 percent increase in the number of inbound visitors in November 2023, compared to 2023, to a total of 393,000, but a 33.5 year-on-year decrease. The highest number of visitors was from the Gulf Cooperation Council (GCC) at 46 percent. As for visitors by type...
  • Russia extends ban on entry of trucks from EU, UK, Norway, Ukraine

    MOSCOW, RUSSIA - The Russian government has extended the ban on the entry of trucks from the European Union, the UK, Norway and Ukraine to the country. “The restriction will remain in effect until the circumstances that served as the basis for its introduction are eliminated,” the Cabinet noted on...
  • South Korea posts 32% jump in export of eco-friendly vehicles

    Seoul, South Korea--South Korea's exports of eco-friendly vehicles surged 32.5 percent year-on-year to a record high during the first 11 months of 2023, due to solid global demand for electric vehicles (EVs), Yonhap News Agency reported on Sunday. The export volume of eco-friendly automobiles came to 662,307 units during the...
  • Saudi EVIQ unveils R&D facility

    It will be used to test a range of EV chargers and software.
  • Nissan to export EVs globally

    It would sell China-developed EVs all over the world.
  • Dubai taxi sector posts 10% growth

    The market share of Hala Taxi service vehicles grew 35%
  • Insurance becomes mandatory for foreign vehicles entering UAE

    Abu Dhabi, UAE-- The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) has made it mandatory for foreign vehicles crossing into the UAE by land at Al Ghuwaifat Port Station to be insured, from June 26, 2023. The vehicle owners driving into the country can now buy insurance...
  • 38 million passengers used services of SRTA in 2022, say reports

    SHARJAH, UAE - The Sharjah Roads and Transport Authority (SRTA) said it transported about 38 million passengers, throughout the year 2022, local media reports said. This includes passengers benefiting from the mass transportation services on the public transportation network in the emirate, represented by intercity buses, taxis, in addition to...
  • Audi Middle East achieves 33% sales growth in first 5 months of 2023

    DUBAI, UAE :   In the first five months of 2023, Audi Middle East achieved a 33 percent growth compared to the same period in 2022, making it the strongest start to a year since 2015. All Audi sedan and SUV models have experienced significant year-on-year growth; with Audi Approved Plus...
  • RTA signs strategic partnership agreement with Al-Futtaim Automotive

    DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has signed a strategic partnership agreement with Al-Futtaim Automotive to deploy 360 vehicles, including electric and hybrid variants, for use in conferences and events over a three-year period. As part of the agreement, which supports RTA's sustainable transport network and the...
  • ADNOC inks pact with SeaOwl to design unmanned vessels

    ABU DHABI, UAE - ADNOC Logistics & Services (ADNOC L&S) announced on Thursday it has signed an agreement with SeaOwl for the design of unmanned Remotely Operated Vessels (ROV). The ROVs are capable of transporting vehicles, equipment and supplies to and from offshore sites, reports say. The innovative design of...
  • Ship carrying civilians evacuated from Sudan arrives in Saudi Arabia

    A boat carrying Saudi citizens and other nationals rescued from battle-scarred Sudan arrived in Jeddah, Saudi state television said, in the first announced evacuation of civilians since fighting began. "The first evacuation vessel from Sudan has arrived, carrying 50 (Saudi) citizens and a number of nationals from friendly countries," the...
  • Iran announces discovery of large lithium deposit

    TEHRAN, IRAN - Iran has announced the discovery of a large deposit of lithium, a key component of batteries for electric vehicles and electronic devices, state media reported Saturday. "For the first time in Iran, a lithium reserve has been discovered in Hamedan", in the west of the country, state television...
  • Saudi Ministry of Industry, Hyundai Motor ink MoU to build cars in Kingdom

    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...
  • Toyota leaves net profit forecast unchanged despite production woes

    Tokyo, Japan— Toyota kept its annual net profit forecast unchanged on Tuesday, as the weaker yen offsets supply-chain disruptions that have forced the Japanese car giant to slash production targets. The world's top-selling automaker said it now expects to sell half a million fewer vehicles in the current financial year because...
  • Sustainability key focus of GCC automotive industry

    Current trends in the automotive sector such as zero-emission vehicles and carbon-neutral manufacturing demonstrate the growing importance of sustainability, says a key BMW Group Middle East official.
  • Ford’s electric drive reinvents its historic factory

    The manufacturing operation's prime mission in recent times has been to assemble the best-selling F-150, a gasoline-powered vehicle.
  • Saudi non-oil exports hit $21 billion in the first quarter of 2022

    Saudi Arabia’s non-oil exports in the first quarter of 2022 reached 77.8 billion riyals ($21 billion), growing nearly 29 percent year on year. According to Saudi General Authority for Statistics, the non-oil exports, however, decreased compared to the previous quarter (Q4 2021) by SAR 4.4 billion or 5.4 percent. Overall...
  • Auto alliance to invest $25 bn

    The investment in electric vehicles spread over next 5 years.
  • Close to 1800 hybrid vehicles to join Dubai Taxi Corporation

    Dubai’s Roads and Transport Authority (RTA) has signed a contract for the procurement of 2,219 new vehicles to enhance the fleet of the Dubai Taxi Corporation (DTC).
  • Dubai South and Huawei ink deal

    The pact entails building smart transportation ecosystem.
  • Oil tanker blows up in fire on Makkah-Jeddah expressway

    A speeding car rammed into an oil tanker, causing the tanker to explode into a ball of fire on the Makkah-Jeddah expressway. At least ten more vehicles also caught fire.
  • Automotive plastic sales to cross $9.5bn this year

    Increasing demand for commercial and passenger vehicles and flourishing automotive export industry are primary factors propelling the market growth, according to a survey by the Future Market Insights. 
  • Oman eases Eid lockdown, some curbs to remain to halt Covid

    The night-time closure of businesses and curbs on movement of people and vehicles will remain in place
  • Emirates Auction to assist on-road broken-down vehicles

    Dubai Police and the auctions firm have signed an MoU Emirates Auction will deploy a fleet of vehicles equipped with smart devices Sharjah: On-road broken-down vehicles will be provided assistance such as tire replacement, refueling and vehicle towing by Emirates Auction, a public and online auctions company in the Middle...