Latest news and articles about Arab market from NEX English
China has announced plans to expedite the construction of giant ships designed for transporting cars, aiming to enhance its export capabilities. This initiative is part of Beijing's strategy to expand its influence in the global automotive market.
Sanam Holding Group approved its financial results for the fiscal year 2025 during its annual meeting, reflecting strong performance amid global economic challenges. The meeting, held at the company's headquarters, included discussions on future growth strategies.
Chinese automotive manufacturer BYD is facing significant challenges as its sales have dropped for the eighth consecutive month, recording a 15.7% decline in April. Despite this, the company has seen a notable increase in its exports.
Huawei has announced a decline in its cloud computing revenue for 2025, despite a slight growth when accounting for domestic customers. This comes amid strong competition from American counterparts in the artificial intelligence sector.
Shares of Pop Mart International Group Ltd. fell sharply by up to 9.7% following analysts' downgrades of their price forecasts. This decline comes amid reports of waning external momentum and increased reliance on the Labubu brand.
Swiss sports shoe manufacturer On Holding has appointed its founders, David Allemann and Caspar Coppetti, as co-CEOs following the end of Martin Hoffman's five-year tenure. This leadership change comes as the company prepares to enter a new growth phase.