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.
Audi Saudi Arabia has welcomed the new Audi A5 and S5 models to the region. Embodying sophisticated design, exhilarating performance, and cutting-edge technology, the Audi A5 lineup represents a bold evolution from the iconic A4 nameplate.
Enoc Group has signed a trial agreement with Roads and Transport Authority (RTA) to explore the feasibility of green hydrogen-powered mobility solutions in Dubai. Under this, ENOC will supply green hydrogen fuel to RTA's city buses.
The BMW Group is entering the financial year 2025 with a clear commitment to growth. At the end of this year, the first production model of the NEUE KLASSE, the new BMW iX3, will kick off an unprecedented ramp-up of new models.
Mannai Trading, the exclusive dealer of BYD in Qatar, the world’s leading manufacturer of new energy vehicles, has unveiled the much-anticipated new BYD Sealion 7 in Qatar.
Roads and Transport Authority has collaborated with Keolis MHI, the company responsible for operation of Dubai Metro and Dubai Tram, has developed an integrated system to drive innovation and enhance the passenger experience at metro and tram stations.
Pop icon Jennifer Lopez has been announced as one of the international headliners of this year’s evening entertainment programme of the Formula 1 STC Saudi Arabian Grand Prix.
Skoda Auto, which experienced a strong growth in sales globally and in the Middle East, is expanding its presence in the Middle East from three markets in 2024 to eight markets including Saudi Arabia, with eight new facilities to open this year.
