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Expert warns on low-quality car care products entering KSA marketA motoring industry expert has outlined the need for more consumer education ahead of Automechanika Riyadh, Saudi Arabia’s leading regional trade show for the automotive aftermarket industry, as an influx of cheap, low-quality car care products is impacting the industry in Saudi Arabia. More… |
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World’s largest Infiniti Centre opens in DubaiArabian 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 Sheikh Zayed Road. More… |
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PIF-backed Lucid raises $1.1bn from senior notes to repay debtUS electric vehicle maker Lucid Motors, which is majority-owned by Saudi Arabia's sovereign wealth fund PIF (Public Investment Fund), has raised $1.1 billion from convertible senior notes to repay existing debt. Announcing the pricing of More… |
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German group Aquila announces strategic Mideast expansionAquila Group, a private enterprise headquartered in Hamburg, Germany, which has been driving innovation in clean energy and sustainable infrastructure as both an investor and developer since 2001, today (April 8) announced its strategic expansion into the Middle East with the launch of a new More… |
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NWC starts work on $533m water, sanitation projects in RiyadhSaudi Arabia's National Water Company (NWC), through its Central Cluster, has announced that it has begun work on 30 new water and sanitary drainage projects in Riyadh region. These projects, which involve a total length of lines and networks of 1,95 More… |
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RAK Properties picks Arqaam as liquidity provider at ADXRAK Properties, a leading publicly listed property developer in Ras Al Khaimah, has announced the appointment of Arqaam Securities as the liquidity provider for its shares on the Abu Dhabi Securities Exchange (ADX). Arqaam Securities is a regional financial in More… |
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Volvo, Putzmeister roll out new battery-electric concrete pump truckVolvo Trucks and Putzmeister today (April 7) revealed one of the world’s largest battery-electric concrete pump trucks at the Bauma exhibition in Munich, Germany. The zero-exhaust emission battery-electric concrete pump with a reach of 42 meters, w More… |
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Chery, AW Rostamani roll out revamped Tiggo 4 in UAEChinese automobile manufacturer Chery, in partnership with AW Rostamani, the official and sole distributor of Chery in the UAE, has revealed the facelifted Tiggo 4 in the UAE, under the slogan “Cross Wonderful Life”. The revamped compact SUV combin More… |
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Trump tariffs will change the rules of game for global trade, says expertReciprocal 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 rates, said a leading freight services expert. More… |
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AD Ports Group records $4.7bn in revenue for 2024AD Ports Group has achieved record-breaking results in 2024, with its revenues soaring to hit AED17.3 billion ($4.7 billion) and its ebitda (earnings before interest, taxes, depreciation and amortisation), reaching AED4.51 billion ($1.2 billion), thus marking a growth of 48% and 69% respectiv More… |
