Wednesday, July 3, 2024

Business

Saudi Arabia and Turkiye sign 16 agreements worth $610 million ahead of Erdogan’s visit

Saudi Arabia and Turkiye signed 16 cooperation agreements worth more than $610 million (SR2.3 billion) in several fields and investment sectors.

Tesla and BYD hit record high sales in Q2 amid surge in demand for electric cars

Tesla, led by Elon Musk, exceeded expectations by delivering 466,140 cars globally, while BYD, China's leading car brand, achieved its best-ever quarter with 700,244 fully electric and plug-in hybrid vehicle sales.

$10 billion investment deals signed on first day of Arab-China summit

30 investment agreements worth a staggering $10 billion were signed across various sectors, including technology, renewables, agriculture, real estate, minerals, supply chains, tourism, and healthcare.

China’s home-built passenger jet C919 makes first commercial flight

China's aviation industry reached a historic milestone as the country's first domestically-manufactured large passenger jet, the C919, successfully completed its maiden commercial flight.

Netflix to invest $2.5 billion in South Korean movies, TV shows as K-content gains global popularity

Netflix is set to invest $2.5 billion in South Korea over the next four years to produce more Korean dramas, movies and reality shows, doubling its previous commitment to the market since it arrived in 2016. The announcement was made...

Tim Cook opens first Apple store in India with plans to boost investment

Tim Cook, the chief executive of Apple, visited India this week to open the company’s first two Apple stores in the world’s most populous country.

Saudi Arabia unveils four new economic zones to attract foreign investors

Saudi Arabia has announced the establishment of four new special economic zones to attract international investors and create job opportunities

UAE’s telco group e& invests $400 million in Careem Super App spinout

Careem, the Middle East-based ride-hailing company, has secured a $400 million investment from the Emirates telecom group to launch Careem Super App.

Turkey’s exports reach all-time high of $254 billion in 2022

Turkiye managed to end 2022 with the highest export figures ever of $254.2 billion despite global challenges that clouded the trade outlook, the Turkish president announced

Pakistan and Italy commercial ties on the rise

Pakistan and Italy are moving towards strengthening commercial and economic ties and the business community in both countries is hopeful that the year 2023 would record a higher trade volume.

Latest News

Qatar unveils plans for $5.5 billion tourism development project Simaisma with Disney-size theme park

Qatar has announced a groundbreaking $5.5 billion (20 billion Qatari Riyal) development project named Simaisma tourist project, featuring a colossal theme park set to surpass the iconic Walt Disney World's Magic Kingdom in size.