Low oil prices have contributed to a weaker Hajj economy in Saudi Arabia this year. More than 1.9 million people are predicted to attend this year’s pilgrimage, down from a peak of three million in previous years. Business owners catering to Mecca visitors say government cutbacks in the Kingdom and in some neighbouring countries mean many would-be pilgrims have less money to spend on the journey.
Aston Martin cuts 5% of workforce, delays first electric car
Luxury carmaker Aston Martin said on Wednesday it will cut about five per cent of its global workforce to further reduce costs and drive future investments, and delayed the launch of its first battery electric vehicle (BEV) for the second time.
e& records net profit of AED 10.8 billion in 2024
e& recorded a net profit of AED 10.8 billion in 2024, marking a 4.3 per cent increase year-over-year, the UAE-based telecommunications company said on Tuesday.
Dubai Taxi Company and Dubai Airports sign 5-year partnership
The Dubai Taxi Company (DTC) has signed a five-year strategic partnership with Dubai Airports, to be the exclusive provider of taxi services at Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC).
Apple plans $500 bln US investment, 20,000 research jobs
Apple says it will spend $500 billion (AED 183.6 billion) in US investments in the next four years that will include a giant factory in Texas for artificial intelligence servers and add about 20,000 research and development jobs across the country in that time.
Tesla rolls out advanced self-driving functions in China
US electric vehicle giant Tesla has started offering advanced self-driving functions for its cars in China, including autopilot on city streets, the company announced on Tuesday.
