Salik Company, Dubai’s exclusive toll gate operator said its board has won approval from shareholders for the distribution of cash dividends worth AED550 million ($150 million), representing 100% net profit of H2 of fiscal year ended December 31, 2023.
Automechanika Riyadh, Saudi Arabia’s leading trade show for the automotive aftermarket, will provide a platform for thought leaders, experts and industry professionals to discuss the Saudi Arabian automotive sector.
South Korea’s Tata Daewoo Commercial Vehicle Company has entered into an agreement with its key distributor Saudi Diesel Equipment Company (SDEC) and local manufacturer Perfect Arabia Factory (PAF) to build its truck production plant in the kingdom.
Dubai’s Roads and Transport Authority has awarded a number of contracts to improve 22 bus stations and depots under a three-year plan. The project scope covers infrastructural works on buildings, passenger terminals, maintenance workshop as well as bays.
Nissan will step up its electrification and growth plans across its diverse AMIEO region (Africa, Middle East, India, Europe and Oceania), under The Arc, Nissan's new global business plan to drive value and strengthen competitiveness.
Hyundai Motor Group and Red Sea Global (RSG) have agreed to collaborate on deploying eco-friendly mobility solutions in RSG’s luxury resorts in Saudi Arabia while exploring opportunities to implement innovative future mobility solutions.
Audi, Al Nabooda Automobiles has announced its cultural partnership with the prestigious Dubai Opera.
Bahrain's sovereign wealth fund Mumtalakat has taken full ownership of UK supercar brand McLaren Group, thus crystallising the next phase of the company’s trajectory of growing its leadership position in the luxury super car and motorsports industries.
A new BMW Group Vision Vehicle provides a first glimpse of the Neue Klasse as an SAV: The BMW Vision Neue Klasse X brings the aesthetics, technology, sustainability, and philosophy of the Neue Klasse to the Sports Activity Vehicles sector.
Hype Luxury, a premier provider of luxury transportation services, has announced the addition of over 500 new top-of-the-line super luxury vehicles worth Rs600 crores ($6.54 million) to its fleet in Dubai.
