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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%.

  • Dubai’s family businesses get practical guidance with new toolkits

    Dubai, UAE -- Three toolkits have been developed for family-owned businesses, which make up approximately 90 percent of the UAE’s...

    Three toolkits have been developed for family-owned businesses, which make up approximately 90 percent of the UAE’s private sector, by the Dubai Centre for Family Businesses.

    The majority of these businesses are expected to undergo a generational transition in the next 5-10 years.

  • TDRA inks pact with PCFC’s Dubai Maritime Authority

    DUBAI, UAE - The Telecommunications and Digital Government Regulatory Authority (TDRA) has signed a Memorandum of Understanding (MoU) with the...

    The partnership will help improve the regulatory framework for maritime business operations to enhance efficiency in the sector.

    The MoU establishes a procedure for acquiring necessary authorisations for maritime vessels through the Dubai Maritime Authority.

  • Saudi Arabia to launch 35 renewable energy projects in 2024: Minister

    Riyadh, Saudi Arabia -- Saudi Ministry of Industry and Mineral Resources is set to launch nearly 35 renewable energy projects...

    Geological surveys are ongoing in the mining sector and new mining sites are being launched, te minister said.

    In the industrial field, work is under way to open new businesses and empower others such as the automotive industry.

  • Aramco, Intel to set up Saudi Arabia’s first open RAN center

    Riyadh, Saudi Arabia -- Aramco Digital Co. and Intel have unveiled plans to establish Saudi Arabia’s first open radio access...

    The Open Wireless Access Network Development Center is scheduled to start operations in 2024, marking a milestone in the Kingdom's journey towards a technology-driven future.

    Aramco Digital is a technology subsidiary of energy giant Saudi Aramco that aims to drive digital transformation and technological innovation across industries.

  • Saudi Chemical Co announces dividend

    The company will distribute $11,385,120 to its shareholders.

    Shareholders possessing a portion of the 843,200,000 shares eligible for dividends will benefit from this payout

    Each share is set to receive a dividend of 0.05 SAR, which represents a 5% dividend relative to the share par value

  • Toyota’s Daihatsu suspends all domestic production

    The company said it had been manipulating safety tests since at least 1989, affecting 64 models, including some sold under...

    The firm, which has about 9,000 factory workers in Japan, closed the last of its four domestic plants, a Daihatsu spokesman told on Tuesday

    The move could affect more than 8,000 companies across the country, according to a private research firm

  • Empower, ASHRAE form alliance

    They partnered to lead global expansion of the cooling sector.

    The talks touched on improving energy efficiency within the cooling and heating sector, underscoring the importance of shared knowledge

    One of the results that came out of the meeting was the agreement to develop a standardized District Cooling Guide applicable in various countries

  • DEWA awards pipeline contract

    The US$3m-contract is for the laying of GRE pipes in Hatta.

    The contract is part of the pumped-storage hydroelectric power plant that DEWA is currently constructing in Hatta, a first of its kind in the GCC

    The CEO of DEWA said the project supports the plan to develop Hatta and address its social, economic and environmental requirements

  • GIB, KSA wrap up Sukuk debut

    Gulf International Bank is a merchant bank in the Middle East

    The bank’s Sukuk programme is aligned with its strategic objectives to facilitate balance sheet growth and contribute to the realization of the national economic objectives

    GIB Capital’s CEO Osamah Shaker said that the bank is delighted to act as the sole arranger for the establishment of the Sukuk Programme and the Bank’s debut issuance

  • UAE stocks generate over US$272m cash flows on Monday

    Abu Dhabi, UAE--UAE stocks generated strong cash flows Monday, with market liquidity surpassing $272 million. International Holding Company (IHC) and...

    ADX notched up $241.25 million in liquidity, as compared to the $31.31 million gained by the Dubai Financial Market (DFM), with $56.50

    The market capitalisation of listed stocks reached reached $980 billion on Monday, divided into $792 billion in ADX and AED 676.8 billion in the DFM.