Italy’s Lamborghini sees its best-ever quarter sales, profits in Q1

Lamborghini sold 2,539 cars in the first three months of 2022 (Shutterstock)
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Updated 12 May 2022
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Italy’s Lamborghini sees its best-ever quarter sales, profits in Q1

RIYADH: Italian car brand Automobili Lamborghini has recorded its best-ever performance in terms of turnover and profitability during the first quarter of 2022, it said in a statement.

It sold 2,539 cars to break the record seen a year earlier, achieving a 13.3 percent growth in revenues, amounting to 592 million euros ($616 million). 

“The first quarter was the best ever for all major indicators, both business and financial,” said chairman and CEO Stephan Winkelmann.

“This is a result driven by a highly attractive product range, and a strategy that aims to deliver less supply than demand to keep desirability high, combined with a balanced distribution of sales in the three main regions of the world,” he added. 

The sports cars manufacturer’s operating profit also showed a 25 percent increase during the first quarter of 2022, compared to the corresponding period last year, achieving 178 million euros. 

Favorable trends in exchange rates and an increase in volumes have driven the higher profits, according to the statement.


Jordan-Qatar trade jumps 55% as economic cooperation deepens 

Updated 9 sec ago
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Jordan-Qatar trade jumps 55% as economic cooperation deepens 

JEDDAH: Trade between Jordan and Qatar rose 55 percent in the first 10 months of 2025 to about 190.1 million Jordanian dinars ($268.3 million), according to the laterst data from the Amman Chamber of Commerce.

Jordanian exports to Qatar totaled 100.5 million dinars during the period, while imports from Qatar reached 90.6 million dinars, reported the Jordan News Agency, also known as Petra. 

The growth reflects expanding economic ties, higher trade volumes, and broader cooperation between the two countries. 

“This positive trajectory was underscored by the meetings of the fifth session of the Jordanian-Qatari Joint Higher Committee, which concluded with the signing of a package of memoranda of understanding and executive programs aimed at expanding bilateral cooperation and enhancing partnership,” the news outlet added. 

The committee convened on Jan. 18 in Amman, chaired by Jordan’s Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi and Qatar’s Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani, highlighting the leadership commitment of both countries to deepening bilateral cooperation. 

The meeting concluded with several agreements, including an MoU on endowments and a second executive program under the youth and sports cooperation protocol.

It also featured MoUs on tourism and business events and bilateral political consultations, as well as the general minutes of the fifth session, the Qatar News Agency reported. 

Jordan’s imports from Qatar include base metals and related products, such as raw aluminum; plastics and rubber products, and wood pulp.

Imports also cover chemicals and pharmaceuticals, foodstuffs, and transport equipment, as well as optical and photographic materials and leather goods, in addition to antiques, live animals, and other commodities. 

Jordanian exports to Qatar comprise agricultural and plant-based products, chemicals and pharmaceuticals, food items including meat preparations, live animals, textiles, hides, and animal and vegetable fats and oils. 

Qatari investments in Jordan are estimated at around 3.19 billion dinars, spanning key sectors including finance, real estate, tourism, energy, and industry. These investments support economic growth, job creation, expertise transfer, and infrastructure development across strategic sectors.