Business - TRENDS MENA

Net profit before GAC $445 million.

Its third-quarter net profit jumped to US$7 billion.
The weak yen is also boosting earnings for the auto titan, which now expects to book a net profit of 4.5 trillion yen ($30 billion) this financial year
Last week, Toyota announced record vehicle sales of 11.2m across its brands in 2023, maintaining its crown as the world's top-selling automaker
Industries are increasingly investing in transformative technologies, including cybersecurity, sustainable solutions and AI, Sapthagiri Chapalapalli tells TRENDS in an interview.
Industries are increasingly investing in transformative technologies, including cybersecurity, sustainable solutions and AI, Sapthagiri Chapalapalli tells TRENDS.
Proactive approach in building reference architectures and industry-specific AI use cases positions TCS as a leader in designing tomorrow's technology, he adds.
The acquisition of 44% stake is valued at US$211.20 million.
The buying of stake in the airline is expected to mark a significant stride towards diversifying Ghitha Holding’s robust portfolio
The Turkish airline offers specialized services including scheduled and block space charter, aircraft, crew, maintenance and insurance
Abu Dhabi, UAE - Abu Dhabi Airports, the operator of Abu Dhabi's five commercial airports, has announced the appointment of...
Since joining Abu Dhabi Airports, Sorlini has overseen the successful opening of Abu Dhabi International Airport's new state-of-the-art Terminal A
Additionally, she has played an important role in maintaining the steady increase of passenger traffic numbers, which continue to experience year-on-year growth
"Numerous opportunities exist in sustainable investments, especially in sectors like building systems, renewable energy, water, food and agriculture, shipping, among...
The UAE is experiencing remarkable growth in sustainable finance, according to Barclays Private Bank UAE CEO Rasha Badawi.
Sustainable investment opportunities expanding in the UAE across various sectors including renewable energy and agriculture, she adds.
Jeddah, Saudi Arabia - The Jeddah Central Development Company, a company owned by the Public Investment Fund (PIF), signed four...
The Jeddah Central Development Company will open the Jeddah Central destination to receive visitors at the end of 2027 from inside and outside the Kingdom
The destination will include the Stadium, the Opera House and the Oceanarium, in addition to a sandy beach, a pier, a seafront promenade, and a marina
The company's revenue for the year 2023 stood at US$16.33bn.
The company's earnings per share (EPS) witnessed a huge rise, more than doubling from AED 6.81 to AED 12.36
The group said that its preliminary revenue rose to $16.33 billion, marking an 18% increase from the previous year
The GCC real estate sector enters 2024 amidst a complex interplay of global economic challenges and regional opportunities, says a...
The GCC real estate sector enters 2024 amidst a complex interplay of global economic challenges and regional opportunities, says a latest report.
With Dubai defying global trends and Saudi Arabia's Vision 2030 spurring growth, the landscape is ripe with potential. Qatar, however, faces correction.
McDonald's cited war in the Middle East as a drag.
Profits in the quarter grew seven percent to $2.0 billion, while revenues increased eight percent to $6.4 billion.
Global comparable sales grew 3.4 percent in fourth quarter, down from 8.8 percent in the third quarter and below the annual average
Poor display across Italy, Spain is said to be the reason for loss.
Revenues dipped 2.3 percent to 11.4 billion euros ($12.3 billion) in the three months to the end of December, compared with a year earlier.
"We maintained... revenue momentum in the third quarter," said chief executive Margherita Della Valle, adding the group had made "good strategic progress".