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Aldar Properties becomes MENA's first real estate company to secure sustainability-linked loan

Aldar Properties becomes MENA's first real estate company to secure sustainability-linked loan
gulfbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfbusiness.com Daily Mail and Mail on Sunday newspapers.

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New electric F-150 Lightning is Ford's fastest truck ever

May 20, 2021
Ford CEO Jim Farley praised his company s first electric F-150 last night during its reveal. It hauls ass and tows like a beast, he said.
Ford
Ford revealed its all-electric F-150 Lightning Wednesday night that CEO Jim Farley is convinced will propel the nascent EV industry ahead fast.
“There’s nothing that will move America faster into an EV future than #F150Lightning,” Farley tweeted Wednesday morning 12 hours ahead of tonight’s 9:30 p.m. reveal.
Fleets may well lead the charge for the low maintenance, 563-horsepower truck that starts at $39,974, or roughly $12,000 less than the competing Lordstown Endurance and $35,000 less than Rivian’s R1T Launch Edition. ....

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Ford | Equipment World

"This sucker s quick." – President Biden after test drive. (It reaches 60 mph in less than 5 seconds.) ....

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Tesla Has A Temperature Problem

Tesla Has A Temperature Problem
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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Abu Dhabi's Aldar bids for Egyptian developer Sodic

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Aldar Properties, the UAE’s biggest listed developer, is looking to buy a majority stake in Egypt’s Sixth of October for Development and Investment Company (Sodic).
The Abu Dhabi-based developer is leading a consortium that submitted a non-binding offer of 18-19 Egyptian pounds per share, valuing Sodic at 6.6 billion Egyptian pounds ($421 million) at its mid-point, it said in a statement to the Abu Dhabi Securities Exchange, where its shares trade. The offer is a 14 per cent premium on last week s closing price.
“Aldar believes that its offer represents a compelling liquidity event and value proposition for Sodic’s shareholders, reflecting the company’s robust fundamentals and share price performance over the last 12 months,” the developer said. ....

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