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World Luxury Fashion Week to debut in Abu Dhabi

World Luxury Fashion Week to debut in Abu Dhabi
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

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Porsche in driving seat with highest Saudi sales for five years

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. ....

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Porsche Saudi Arabia's new car deliveries up 29pc in 2020

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. ....

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Porsche Saudi Arabia reports highest retail sales in five years

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