Tesla has driven down the price of its Model 3.
The car will now be sold at a starting price of USD $35,000, just over AED 128,000.
It means that the electric car company has come good on a promise it made more than two years ago.
In a bid to cut costs, Tesla is also going to switch to an online-only sales model.
Chief executive Elon Musk says closing physical stores will allow the firm to cut costs by about 5 per cent.
Energy Minister: 22% of non-oil trade transported by road
Minister of Energy and Infrastructure, Suhail bin Mohammed Al Mazrouei, said 22 per cent of the UAE's non-oil trade was transported by road in 2023, amounting to AED 576.4 billion.
US considers breakup of Google in landmark search case
The US said it may ask a judge to force Alphabet's Google to divest parts of its business, such as its Chrome browser and Android operating system, that it says are used to maintain an illegal monopoly in online search.
UAE inaugurates first Global Rail Conference
The first edition of the Global Rail Transport Infrastructure Exhibition & Conference (Global Rail) 2024 was launched in Abu Dhabi on Tuesday and set to continue until Thursday. The event, hosted by Etihad Rail, was inaugurated by several UAE officials and industry leaders.
Boeing withdraws pay offer to striking workers
Boeing has withdrawn its pay offer to around 33,000 US factory workers and no further negotiations were planned with their union representatives, as a financially damaging strike nears its fourth week.
UAE Cabinet approves AED 71.5 billion federal budget
The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, has approved the Union General Budget Plan for the fiscal year 2025.
