Dubai's Roads and Transport Authority has announced order worth AED1.1 billion ($299 million) for the purchase of 636 buses of various sizes that comply with European specifications for low carbon emissions (Euro 6). Of these, 40 will be electric buses.
Budget Saudi, a leading player in the kingdom's car rental business, has announced that one of its key subsidiaries, Al Jozoor Al Rasekha Trucking Company, has successfully acquired the entire stake in Al Jazeera Equipment Company (AutoWorld).
With 179,557 fully electric vehicles delivered, the BMW brand achieved a +34.1% increase in BEV sales in the first half of 2024 compared to the previous year.
RM Sotheby’s has announced a final selection of consignments coming to its inaugural Tegernsee sale on July 27, which will take place alongside the brand-new Concours of Elegance Germany which runs from July 22 to 27.
Audi Middle East has announced the arrival of the new Audi Q7, a vehicle that redefines luxury comfort, cutting-edge design, and powerful performance in the luxury SUV segment.
The adoption of the new sharia standard 62 could disrupt the sukuk market as early as next year, said S&P Global Ratings, adding the issuance volumes could dip over the medium term if it alters the nature and risk characteristics of sukuk instruments.
Telal Al Qurum has announced that it has secured a licence from Omani authorities for setting up an integrated tourist complex at Qurum area in the capital Muscat. Around 49,920sqm has been allocated for setting up gardens as well as walkways.
Regional investors - Abu Dhabi's Mubadala and Qatar Investment Authority - have partnered with other firms to invest over $600 million in Transportation Equipment Network (TEN), a US full-service trailer lessor with a fleet strength of 83,000 trailers.
JLR has joined forces with global tyre manufacturer Pirelli in a global automotive industry-first commitment to use FSC-certified natural rubber tyres across its range of modern luxury vehicles.
Colours, scent, touch – the all-new Lincoln Nautilus offers a refreshed physical and digital environment that seamlessly blends nature and technology for an experience of mobile sanctuary like no other.
