Arabian Automobiles Company (AAC), the flagship automotive company under AW Rostamani Group and the exclusive distributor for Infiniti in Dubai, Sharjah, and the Northern Emirates, has inaugurated the world's largest Infiniti Centre on Dubai's iconic Shei
US electric vehicle maker Lucid Motors, which is majority-owned by Saudi PIF, has raised $1.1 billion from convertible senior notes to repay existing debt. The issue permits initial purchasers to acquire up to an additional $100 million of notes.
Aquila Group, a German entity which has been driving innovation in clean energy sector, has announced its strategic regional expansion with the opening of a new office in Abu Dhabi. The group has appointed Zaki Nuseibeh as Aquila Capital Middle East CEO.
Saudi Arabia's National Water Company (NWC) has announced that its Central Cluster has begun work on 30 new water and sanitary drainage projects in Riyadh region which is being implemented at a total cost of SAR2 billion ($533 million).
RAK Properties, a leading publicly-listed property developer in Ras Al Khaimah, has announced the appointment of Arqaam Securities, a regional financial institution in UAE, as the liquidity provider for its shares on Abu Dhabi Securities Exchange (ADX).
Volvo Trucks and Putzmeister have unveiled the largest battery-electric concrete pump trucks at the Bauma expo in Germany. With this new model, Volvo is offering an electric alternative for the handling of concrete – transporting, mixing and pumping.
Chinese automobile manufacturer Chery has partnered with it sole distributor AW Rostamani to unveil the revamped version of Tiggo 4 in the UAE. The compact SUV combines modern design elements with advanced safety features.
Reciprocal tariffs announced by US President Donald Trump on ‘Liberation Day’ could prevent shippers from making important decisions on supply chains, but are not likely to cause an immediate spike in freight rate, said a leading freight services expert.
AD Ports Group has achieved record-breaking results in 2024, with its revenues soaring to AED17.3 billion ($4.7 billion) and its ebitda hitting AED4.5 billion ($1.2 billion), thus marking a growth of 48% and 69% respectively when compared to 2023.
European markets and US stock futures are trading lower, a key development largely attributed to President Donald Trump's 25% tariff plan on imported cars and light trucks. The automotive sector is at the forefront of investor concerns, said experts.
