Business - TRENDS MENA

Sales grew 7.2% in value terms, fell 0.3% in volume.
Nestle said turnover fell as a rising Swiss franc and a slight fall in sales volumes balanced out higher prices
The maker of Nespresso, Maggi seasonings, and the Smarties range of sweets said turnover fell 1.5 percent
Its net profit dropped 13.2% to US$570 million.
Qantas said its net profit dropped 13.2 percent year-on-year to US$570 million in the six months to December 31
The airline said travel demand was strong, led by the leisure sector but with business travel now approaching pre-Covid-19 levels
The profit jumped to US$41.40m in 2023.
Its earnings per share for the year ending December 31, 2023 stood at QR0.30, up from QR0.21 for the same period in the previous year
The board of directors announced its intention to propose a cash dividend distribution to the General Assembly in the upcoming meeting
The company's revenue spiked to US$22.1bn.
The chip titan posted profit of $12.3 billion on record revenue of $22.1 billion in the quarter than ended late January
Its shares jumped nearly eight percent to $732.99 in after-market trade, following the release of the earnings results
It will collaborate with Abu Dhabi Investment Office.
The move is indicative of deepening economic ties between South Korea and Abu Dhabi with a focus on innovation and technology
The company's headquarters in Abu Dhabi Global Market (ADGM) will drive the next phase of its international growth out of Abu Dhabi
Operating profit for 2023 was recorded at US$59 million.
Total operating revenues of US$99 million were recorded for 2023.
Consolidated assets came in at approximately US$386 million in 2023.
Stock markets diverged as traders awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve...
In the eurozone, the Frankfurt and Paris stock markets edged higher in afternoon deals.
Hong Kong and Shanghai bourses jumped after Beijing's latest measures to boost China's stuttering economy.
The company said lower energy prices cut into its profits.
Gross operating profit fell 50 percent to $17.l billion, "primarily reflecting the rebalancing and normalization of international energy trade flows," it said
The commodities trading unit saw operating profit fall 46% to $3.5 billion, "with coal and LNG (liquefied natural gas), and to a lesser extent, oil prices materially declining"
DUBAI, UAE – President and CEO of Dubai Chambers Mohammad Ali Rashed Lootah has revealed that 6,478 new Food and...
The total number of F&B companies registered with Dubai Chamber of Commerce stood at 22,585 at the end of 2023.
Dubai Chamber of Commerce launched 11 business groups dedicated to the industry, eight of which were set up in 2023.
e& said the net profit is a growth of 3 percent year-over-year.
Consolidated revenues reached US$14.6 billion which is a growth of 8.3 percent year-over-year.
Consolidated EBITDA rose by 3.7 percent year-over-year at constant exchange rates, to US$7.1 billion.