Ford Expands Regional Operations from Riyadh, Strengthens Agility to Accelerate Growth

A Ford showroom in the region (Asharq Al-Awsat) 
A Ford showroom in the region (Asharq Al-Awsat) 
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Ford Expands Regional Operations from Riyadh, Strengthens Agility to Accelerate Growth

A Ford showroom in the region (Asharq Al-Awsat) 
A Ford showroom in the region (Asharq Al-Awsat) 

Ford Motor Company is reinforcing its presence in the Middle East and North Africa by expanding its operations from Riyadh and reintegrating North African markets under regional oversight. The move is part of a broader strategy to enhance the company’s operational flexibility and drive faster growth across the region.

Ravi Ravichandran, President of Ford Middle East and North Africa, told Asharq Al-Awsat that the decision coincides with the expansion of Ford’s Riyadh office, which now includes specialized teams tasked with supporting the diverse needs of regional markets, including Qatar and the Levant.

According to Ravichandran, Ford’s offices in Riyadh and Dubai now manage a wide array of functions -ranging from sales and marketing to environmental compliance, safety, and after-sales services. This integrated approach supports the company’s strong regional network and aligns with its long-term vision for sustainable growth.

Commenting on the tariffs imposed during US President Donald Trump’s administration on imported vehicles, Ravichandran noted that Ford is still evaluating their potential impact on the regional auto sector. He stressed that it was too early to assess the full effect, adding that Ford’s resilience and long-standing investment in American manufacturing innovation give confidence in the company’s ability to adapt to evolving trade policies.

He stated that while no specific strategic actions have been taken yet to offset the effects of the tariffs or trade tensions, the company remains focused on monitoring developments and maintaining operational agility.

Ford recorded a 23% increase in sales during the first quarter of 2025, marking its strongest performance since October 2015 and its best in March since 2014. Ravichandran attributed the surge to strong market dynamics, increased consumer demand, and a well-balanced vehicle lineup, including the Taurus, Territory, Everest, and Ranger, along with Lincoln models such as the Nautilus and Corsair.

These results build on the momentum we generated in 2024, when the company achieved its highest annual sales since 2016, he said. He credited this success to Ford’s commitment to its partners, robust dealer network, and engaged regional teams.

He also highlighted the company’s growing focus on customer experience through initiatives such as online service scheduling, mobile service vans, and a new parts distribution center in Dubai, which has increased capacity by 20% and improved parts availability across the region.

Ravichandran emphasized the key role Gulf markets play in Ford’s regional growth, with Saudi Arabia and the UAE leading in sales. He noted that Saudi Arabia delivered the highest volumes, followed by the UAE, supported by Ford’s rigorous testing processes under the region’s harsh desert conditions.

Looking ahead, Ravichandran expressed optimism about the electric vehicle (EV) market, citing increasing consumer interest, government incentives, and growing infrastructure readiness. As part of its regional electrification strategy, Ford plans to introduce models such as the Mustang Mach-E, the hybrid Territory, and the F-150 hybrid.

While acknowledging challenges such as heightened competition and global supply chain disruptions, Ravichandran said Ford remains focused on agility, innovation, and responsiveness. “With our strengthened presence in Riyadh and Dubai and the support of our dealer network, we’re confident in our ability to continue meeting customer needs and driving long-term growth,” he concluded.

 

 

 



China Shipping Giant Cosco Resumes Bookings to Some Gulf Countries

A cargo ship operated by Cosco Shipping is docked at the foreign trade container terminal of Qingdao Port, operated by Shandong Port Group, in China's eastern Shandong province on March 25, 2026. (Photo by CN-STR / AFP)
A cargo ship operated by Cosco Shipping is docked at the foreign trade container terminal of Qingdao Port, operated by Shandong Port Group, in China's eastern Shandong province on March 25, 2026. (Photo by CN-STR / AFP)
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China Shipping Giant Cosco Resumes Bookings to Some Gulf Countries

A cargo ship operated by Cosco Shipping is docked at the foreign trade container terminal of Qingdao Port, operated by Shandong Port Group, in China's eastern Shandong province on March 25, 2026. (Photo by CN-STR / AFP)
A cargo ship operated by Cosco Shipping is docked at the foreign trade container terminal of Qingdao Port, operated by Shandong Port Group, in China's eastern Shandong province on March 25, 2026. (Photo by CN-STR / AFP)

Chinese shipping giant Cosco said on Wednesday that it was resuming new bookings for container shipments to some Gulf countries, after a three-week suspension in response to the Middle East war.

The state-owned, Shanghai-based firm was among several major shipping groups to pause operations in the Strait of Hormuz, a key waterway through which one-fifth of the world's oil and gas passes normally.

Tehran has said several times it was not targeting friendly nations, but transits through the Strait had nevertheless largely ground to a halt.

Iran said in a statement circulated by the International Maritime Organization on Tuesday that "non-hostile vessels" would be granted safe passage through the waterway.

Cosco "resumed new bookings for general cargo containers for shipments" from the "Far East" to the UAE, Saudi Arabia, Bahrain, Qatar, Kuwait, and Iraq "with immediate effect", according to a company statement.

It did not mention shipments travelling in the opposite direction, from the Gulf.

"New booking arrangements and the actual carriage are subject to change due to the volatile situation in the Middle East region," it added.

Cosco, which operates one of the world's largest oil tanker fleets, announced on March 4 that it would suspend new bookings for services for routes through the Strait of Hormuz owing to the "escalating conflicts in the Middle East region and resultant restrictions on maritime traffic".


Qatar Emir Makes Minor Changes to QIA Board

People visit a mall in Doha on March 23, 2026. (Photo by AFP)
People visit a mall in Doha on March 23, 2026. (Photo by AFP)
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Qatar Emir Makes Minor Changes to QIA Board

People visit a mall in Doha on March 23, 2026. (Photo by AFP)
People visit a mall in Doha on March 23, 2026. (Photo by AFP)

Qatar's Emir Sheikh Tamim bin Hamad Al Thani issued a decree on Wednesday ⁠making minor changes to ⁠the board of the ⁠Qatar Investment Authority, while keeping Sheikh Bandar bin Mohammed bin Saud Al Thani as chairman and Sheikh ⁠Mohammed ⁠bin Hamad bin Khalifa Al Thani as deputy chairman.

The decision stipulated that QIA’s Board of Directors would be restructured as follows: Sheikh Bandar bin Mohammed bin Saud Al Thani as Chairman, Sheikh Mohammed bin Hamad bin Khalifa Al Thani as Deputy Chairman, Ali bin Ahmed Al Kuwari as a member, Saad bin Sherida Al Kaabi as a member, Sheikh Faisal bin Thani bin Faisal Al-Thani as a member, Nasser bin Ghanim Al Khelaifi as a member, and Hassan bin Abdullah Al Thawadi as a member.

The decision is effective starting from its date of issue and is to be published in the official gazette.


Oil Falls More Than 5% and World Shares Gain Over Possible de-escalation of Iran War

A man fills his car with petrol at the petrol station in Port Dickson, Negri Sembilan, Malaysia, 25 March 2026. EPA/FAZRY ISMAIL
A man fills his car with petrol at the petrol station in Port Dickson, Negri Sembilan, Malaysia, 25 March 2026. EPA/FAZRY ISMAIL
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Oil Falls More Than 5% and World Shares Gain Over Possible de-escalation of Iran War

A man fills his car with petrol at the petrol station in Port Dickson, Negri Sembilan, Malaysia, 25 March 2026. EPA/FAZRY ISMAIL
A man fills his car with petrol at the petrol station in Port Dickson, Negri Sembilan, Malaysia, 25 March 2026. EPA/FAZRY ISMAIL

Oil prices fell more than 5% and world shares gained on Wednesday over the possibility of a de-escalation of the Iran war and negotiations between the United States and Iran. US futures were up 0.9%.

In early European trading, Britain's FTSE 100 rose 1% to 10,072.60. France's CAC 40 was up 1.4% to 7,855.31, while Germany's DAX was 1.6% higher at 22,989.80.

Tokyo’s Nikkei 225 was up 2.9% to 53,749.62. South Korea’s Kospi gained 1.6% to 5,642.21.

Hong Kong’s Hang Seng rose 1.1% to 25,335.95, while the Shanghai Composite index was 1.3% higher at 3,931.84. Labubu doll maker Pop Mart's Hong Kong-listed shares fell 22.5%, after it announced annual revenue for last year that was largely in line with analysts’ estimates.

Australia’s S&P/ASX 200 climbed 1.9%. Taiwan’s Taiex was up 2.5%.

US President Donald Trump's claims of progress being made from talks with Iran this week and his postponement on Monday of a deadline to “obliterate” Iran’s power plants over the reopening of the Strait of Hormuz have also fueled optimism that an end to the Iran war could come soon.

Trump's administration has offered a 15-point ceasefire plan to Iran, but an Iranian military spokesperson mocked the US’ attempt at a ceasefire deal Wednesday.

With the Strait of Hormuz being a key waterway for crude oil and liquefied natural gas transport, oil and gas prices have spiked and fluctuated in recent days.

Oil prices fell again on growing hopes for a de-escalation. Brent crude, the international standard, fell 5.2% to $94.97 per barrel. It was around $104 on Tuesday.

Benchmark US crude was down 5.3% early Wednesday to $87.44 a barrel.

While Iran has denied negotiations were taking place, and attacks in the Middle East continued, Pakistan has offered to host talks between Washington and Tehran. And as Trump raised optimism of a de-escalation of the war, at least 1,000 more American troops from the 82nd Airborne Division are said to be deployed to the Middle East in the coming days.

On Tuesday, US stocks closed lower. The S&P 500 lost 0.4% to 6,556.37. The Dow Jones Industrial Average edged down 0.2% to 46,124.06, while the Nasdaq composite was 0.8% lower to 21,761.89.

Shares of Estee Lauder sank more than 9%, following confirmation that the US-listed company is in merger talks with Spanish beauty and perfume group Puig.

In other dealings early Wednesday, gold prices resumed its rise after falling earlier. It dropped in part because of rising US Treasury yields over dimming expectations of a Federal Reserve rate cut after the spike in oil prices threatened to fuel global inflation.

The price of gold was up 3.6% early Wednesday to $4,561.90 per ounce. It was above $5,000 earlier this month.

The US dollar was at 158.84 Japanese yen, up from 158.69. The euro was trading at 1.1602, down from $1.1608.