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Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.
  • Shurooq real estate sales exceed $48 million at ACRES 2024

    Sharjah, UAE -- Sharjah Investment and Development Authority (Shurooq) contributed over AED 177 million to the total sales of AED...

    Shurooq said it has been continuously boosting Sharjah’s global investment appeal with revolutionary projects like Sharjah Sustainable City.

    At ACRES 2024 Shurooq showcased phase 4 of this net zero mixed-use development, selling and reserving 42 units that are valued at AED 102.5 million.

  • Cisco identifies major AI trends for 2024

    DUBAI, UAE – Developments in Artificial intelligence (AI) have been impacting businesses, governments and economies across the world. Advancements in...

    The Cisco index focuses on what organizations can do to adopt AI in 2024.

    It also says how innovators can leverage that technology to remain competitive.

  • JADCO, EGG ink MoU on development of agriculture in Saudi Arabia

    RIYADH, SAUDI ARABIA - The Ministry of Environment, Water and Agriculture witnessed the signing of a memorandum of understanding (MoU)...

    The agreement involves the transfer and localization of potato seed production techniques in the Kingdom.

    The aim of the collaboration is to support the transformation of local companies into industrial agricultural entities.

  • Dubai records weeklong real estate deals worth $3.86 billion

    Dubai, UAE -- The real estate and properties transactions valued at AED 14.2 billion ($3.86 billion) in total during the...

    A total of 312 plots were sold for AED 2.95 billion, 2,696 apartments and villas were sold for AED 5.84 billion.

    A total of 195 properties were granted between first-degree relatives worth AED 850 million.

  • UAE leads in cybersecurity for unmanned systems

    "The digital transformation, which relies on artificial intelligence technologies, has touched all sectors and contributes to improving the quality of...

    Dr. Mohamed Hamad Al Kuwaiti stresses the importance of cybersecurity in unmanned and autonomous systems.

    The UMEX and SimTEX exhibitions showcased the UAE's esteemed position as a global hub for unmanned systems.

  • Apple to make changes to App Store in Europe

    iPhone users can download alternative app stores.

    The changes expected to take place in March will curtail the dominance of the App Store

    The company said on Thursday the Digital Markets Act has created "privacy and security risks"

  • Global Islamic finance market to touch US$4.9trn in 2025, says Malaysian official

    Hong Kong-- The global Islamic finance market would touch US$4.9 trillion by 2025, according to Yazrin Syakhairi, Malaysian Trade Commissioner...

    The official said the Islamic finance market is seeing significant and rapid growth worldwide, surpassing the size of US$2.2 trillion in 2022

    He said the Islamic finance industry has seen a noticeable growth in the Middle East and the Association of Southeast Asian Nations (ASEAN)

  • Alaska Airlines to take US$150m hit

    It grounded the Boeing 737 MAX after in-flight safety episode.

    The airline's financial hit is the latest ripple effect from the episode, which prompted regulators to ground 171 MAX 9 planes

    With 65 planes affected by the grounding, Alaska Airlines expects to bring the jets back into service beginning Friday

  • UAE, Malaysia sign MoU to enhance ties in digital-infrastructure sector

    Abu Dhabi, UAE-- The UAE and Malaysia have signed a memorandum of understanding (MoU) to boost investment cooperation in the...

    The agreement envisages setting up collaboration by developing bilateral relationships between public and private organisations

    The trade ties between the UAE and Malaysia have climbed up, with non-oil trade volume surpassing $2.22bn in H1 of 2023

  • WEF24: Investor confidence fuels sustainable growth

    GFH Financial Group has made significant investments in healthcare, education, logistics, and private lending in Saudi Arabia and the UAE,...

    GFH Financial Group has made significant investments in healthcare, education, logistics, and private lending in Saudi Arabia and the UAE, its CEO tells TRENDS in Davos.

    To counter potential US recession and inflation, the group's strategy emphasizes investing in digital payments, mobile apps, and AI technologies for robust growth.