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Why luxury carmakers are now building glitzy skyscrapers
Sameer HashmiBusiness reporter, Dubai Binghatti Properties The Bugatti Residences building in Dubai is currently under construction Bugatti is synonymous with high-performance, ultra-expensive supercars. But now the luxury French brand is entering a very different kind of race – not on the track, but in the skyline. In the heart of Dubai, in the United Arab…
Thousands more flights cancelled as Iran strikes continue
From the UK, flights have also been cancelled for many Middle East destinations, including all flights to Israel and Bahrain, three quarters of the day’s scheduled flights to the United Arab Emirates, and more than two thirds (69%) of flights to Qatar.
Porsche shares plunge after announcing EV rollout delay
Porsche’s stock tumbled by more than 7% on Monday after warning last week that delays in its electric vehicle (EV) rollout will dent the carmaker’s 2025 earnings. Caught between electrification and its iconic petrol-powered sports cars, the German firm said it will slow its push for EVs as demand weakens. Shares of its parent Volkswagen…
