Saudi PIF-Owned Lucid Sees Record Deliveries with Strong EV Demand
Lucid Group has set up its first-ever car manufacturing plant in Saudi Arabia, where it will produce its groundbreaking cars for the local market and export them to other markets.…
Lucid Group has set up its first-ever car manufacturing plant in Saudi Arabia, where it will produce its groundbreaking cars for the local market and export them to other markets.…
The Fed’s decisions have a strong influence on Gulf monetary policy, as most regional currencies are dependent on the US dollar. As Gulf shares rise on the hope that US…
ADNOC signed a 10-year agreement with Hindustan Petroleum to deliver 500,000 metric tonnes of liquefied natural gas annually. Abu Dhabi National Oil Company (ADNOC) signed agreements with Hindustan Petroleum Corp…
Standard Chartered reported that first-half net profit increased 41% to US$3.07 billion on Thursday. It cites that affluent wealth management was the growth engine. Hong Kong plays a significant role…
As artificial intelligence (AI) booms, many software development companies, including Lovable and Bolt, are developing their own AI, posing a threat to Figma. Design software maker Figma shares surged 250%…
The UAE is trying hard to strengthen its trade ties to diversify its economy. Its economy rose by 4% last year, caused by a robust increase in its non-oil industry.…
Oreo maker, Mondelez, reported adjusted earnings per share of 73 cents, exceeding analysts’ expectations of 68 cents. Mondelez shares declined 3.7% after market trading in New York. Oreo maker, Mondelez…
The Dubai International Financial Centre (DIFC) celebrated a successful first half of the year, recording its best performance thus far, with 1,081 new company registrations between January and June, resulting…
The partnership between GSK and Hengrui is part of a growing trend of license deals signed between Chinese and global multinational corporations, whose inventions are helping transform global treatment pipelines.…
UAE banks recently benefited from an increase in credit demand as regional governments make investments in infrastructure and tourism to diversify their economies away from oil. First Abu Dhabi Bank…