The net profit grew by 5.1 percent to $155 million.
Sales retreated 4 percent to 19.57 billion euros.
Matsa is a JV subsidiary of Mubadala and Trafigura.The deal is valued at €1.58 billion ($1.85 billion)
It is expected to conclude in the first quarter of 2022
- The projects initiated as part of hosting the tournament include the construction of eight stadiums, Doha Metro Rail, a new...
Stadiums constructed for the world cup would be later given to local clubs for utilization
QTA announced new tourism strategy which aims to attract 5.6 million visitors to Qatar annually by 2023
The bank has effectively sounded the death knell for digital currencies in China.The global values of cryptocurrencies including Bitcoin have massively fluctuated over the past year partly due to Chinese regulations
The rulings have sought to prevent speculation and money laundering
The Wall Street Journal, the top American newspaper, has reported that Chinese authorities are asking local governments to prepare for...Local governments have been ordered to assemble groups of accountants and legal experts to examine the finances around Evergrande's operations in their respective regions
Both bonds would default if Evergrande fails to settle the interest within 30 days of the scheduled payment dates
- The global camera maker aims to meet the target by the end of 2023.
It has launched a “Women in Sales” internship program to further support the 2023 target
The move is in line with national efforts to integrate more women into the Kingdom’s workforce
Saudi Arabia aims to be one of the top 10 countries in the world in data and artificial intelligence, and...Digitization is not a luxury, minister says
Kingdom is training 25,000 Saudis youth in digital skills
- This came after the funding was controversially stripped from a separate bill following a revolt from the left flank of...
The money had originally been included in legislation addressing a looming government shutdown and a potential October debt crisis
But progressives in the House of Representatives said they would tank that unless the funding was removed from it
Both countries signed an MoU to strengthen cooperation in areas of digital economy, innovation, and entrepreneurship.Minister of Economy Abdullah bin Touq Al Marri and Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi
They met US Secretary of Commerce Gina M Raimondo, in the presence of officials from both countries
It is predicted that the Hyperloop technology will carry between 45 and 50 million passengers yearly in the Gulf Arab...It is predicted that the Hyperloop technology will carry between 45 and 50 million passengers yearly in the Arab Gulf states using clean and renewable energy
The Dubai government owned DP World has granted permit to Virgin Hyperloop to develop the technology in the emirate
Most stock markets in the Gulf rose on Thursday as oil prices gained on growing fuel demand and a bigger-than-expected...Dubai's main share index added 0.2%, extending gains from the previous session
blue-chip developer Emaar Properties rising 0.7% while DAMAC Properties advanced 2.4%
