Updated 44 min 59 sec ago
Reuters
April 12, 2021 13:52
DUBAI: Abu Dhabi state investor Mubadala invested a record amount in 2020 as it doubled down on growth sectors, and is close to making a decision on the listing of Emirates Global Aluminium, its chief executive said on Monday.
“We’ve invested more in 2020 than we have ever done in any one year prior to that,” Khaldoon Khalifa Al-Mubarak told a virtual event organized by Bahrain’s Investcorp.
Mubarak did not disclose the figure, but his comments signalled Mubadala’s investments will exceed the $18.5 billion in 2019 and $19.1 billion in 2018.
He said Emirates Global Aluminium, which is owned by Mubadala and Investment Corp. of Dubai, is well placed for an initial public offering.
Porsche Saudi Arabia s new car deliveries up 29pc in 2020
JEDDAH, February 10, 2021 Porsche Saudi Arabia has registered a 29 per cent growth in new car deliveries across the kingdom, thus resulting in the highest retail figures for Samaco Automotive, the exclusive importer of the luxury auto brand in the past five years. Announcing solid sales for 2020, Samaco Automotive said it has defied a challenging 2020, dominated by the global impact of Covid-19 and a rise in VAT. The Porsche Cayenne accounted for almost 50 per cent of Saudi Arabia’s 953 new car deliveries totalling 470 units. The brand’s compact SUV, the Macan, continued its growth trajectory since its introduction recording a 50 per cent growth over 2019, it stated.
January 25, 2021
CNME Editor Mark Forker spoke to Dr Manfred Braeunl, Chief Executive Officer, Porsche Middle East and Africa FZE, to find out about the automotive industry’s shift towards electrification, the future of mobility in a digitally connected world – and how Porsche has established itself as a global leader in electric vehicles.
There is a growing momentum on a global scale for the rollout of electric cars, with fears over the role emissions from passenger vehicles play in contributing to climate change. Porsche is leading the way globally with their electric car offering. What differentiates Porsche from its other rivals when it comes to electrification?
More UAE motorists set sights on electric vehicles rohma@khaleejtimes.com Filed on December 19, 2020
Since the launch of Tesla’s showroom in Dubai in 2017, the government has continued to encourage people to buy EVs over traditional cars, leaving the market with an array of EV choices in Dubai ever since.
(File photo)
82% of respondents considering an EV as their next car
Petrol heads across the UAE are increasingly looking at the offerings of the electric vehicle (EV) market, with many saying that they are considering buying one as their second vehicle.
According to new research by digital transformation consultancy, Publicis Sapient, the trend towards more environmentally friendly and fuel-efficient vehicles continues, but concerns about battery range and price will slow the widespread adoption of EVs.
UAE motorists set sights on EVs rohma@khaleejtimes.com Filed on December 19, 2020
Michal Ocwieja with his son Denis checking an electric car Renault Twizy at the Grand Finale of the Electric Vehicle Road Trip Middle East at The Sustainable City in Dubai. File photo
The trend towards more environmentally friendly and fuel-efficient vehicles continues, but concerns about battery range and price will slow the widespread adoption of EVs
Petrol heads across the UAE are increasingly looking at the offerings of the electric vehicle (EV) market, with many saying that they are considering buying one as their second vehicle.
According to new research by digital transformation consultancy, Publicis Sapient, the trend towards more environmentally friendly and fuel-efficient vehicles continues, but concerns about battery range and price will slow the widespread adoption of EVs. The paper showed that 82 per cent of UAE respondents are considering an EV as their next vehicle;