Durov: Father of 100 children is a mysterious and controversial Telegram founder
Paris, France - Russian-born tech entrepreneur Pavel Durov has founded wildly popular social networks, cryptocurrencies, amassed a multi-billion-dollar fortune and locked...Business
Telegram chief Pavel Durov arrested at French airport: officials
Paris, France - French police arrested Telegram chief executive Pavel Durov on Saturday at an airport near Paris for alleged offences...Business
TASI-listed firms report an aggregate net profit of $48.1bn in Q3
RIYADH, SAUDI ARABIA - Tadawul-listed companies reported a US$48.1 billion (SAR 157.09 billion) aggregate net profit for the third quarter...Sector-wise, the energy sector contributed the largest portion of the aggregate net profit of Saudi listed companies in Q3 2023.
The banking sector accounted for 11.5 percent of the market’s aggregate profit, coming in second in terms of the most profitable sectors.
Qatar records real estate contracts worth $60 million in five days
Doha, Qatar - The real estate market in Qatar witnessed a significant surge in trading activity as the Department of...The total value of sales contracts specifically for residential units during the same period amounted to above QR 705 million
Sales were notably concentrated in key municipalities of Al Rayyan, Doha, Al Daayen, Umm Salal, Al Wakrah, Al Khor and Al Dakhira.
ADNOC Distribution Q3 net profit $227m
The EBITDA increased by 28% YoY to $303 million in the third quarter.ADNOC Distribution witnessed a healthy 21 percent Y-o-Y increase and a 5 percent quarter-on-quarter (Q-o-Q) growth in total fuel volumes.
It anticipates paying a minimum of $350 million (AED1.285 billion), or 10.285 fils per share, as the second six-month dividend of 2023 in April 2024.
MIS net profit $7.1m in 9M 2023
Riyadh, Saudi Arabia -- Al Moammar Information Systems Co. (MIS) recorded a net profit of SAR 26.7 million ($7.1 million) in the...The lower profit was attributed to an increase in impairment loss on contract assets and trade receivables during the quarter, Argaam reported.
In Q3 2023, the company swung to a net loss of SAR 69.4 million against a net profit of SAR 25 million in Q3 2022.
Samsung to add real-time translation to smartphone model
Samsung is the world's largest smartphone maker accounting for a fifth of global sales between July and September, as Apple...The new real-time translation feature will be incorporated into Samsung's new Galaxy flagship model, which will launch next year
It will enable "real-time translation in audio and text as the callers are on the line", the spokesman of Samsung said
NEOM opens London office as base for UK and European business
London, United Kingdom – NEOM, the sustainable regional development taking shape in northwest Saudi Arabia, has opened its first international...The opening of the office is part of the NEOM’s effort to expand its international footprint
As the first international office, the UK office will also serve as a base to support NEOM’s business across Europe
Emaar 9M net profit $1.1bn
This is due to the successful launches of new projects.Emaar Development’s property sales increased by 25 percent, reaching US$7.9 billion in the first nine months of 2023.
In the first nine months of 2023 (January to September), Emaar Development reported an EBITDA of US$1.2 billion.
AstraZeneca Q3 profit swells
The profits nearly doubled on solid demand for cancer treatments.Net profit soared almost 90 percent to $1.26 billion in the three months to the end of September compared with a year earlier
While overall sales grew, revenue from its Covid jab Vaxzevria slumped 98 percent in the first nine months of the year compared with the same part of 2022
Dubai sets 75% renewable goal by 2050
The emirate’s solar energy capacity has increased by over 100 times in the past decade, and the cost of solar...The Mohammed bin Rashid Al Maktoum Solar Park, the world's largest single-site solar park, demonstrates Dubai's commitment to solar energy.
The emirate is home to the Dubai Solar Institute, a world-class research center focused on solar energy technologies.
Al Ansari 9M profit US$105m
The operating income of the group rose to US$234 million.Al Ansari received shareholders’ approval for the proposed interim dividend payment of $81 million.
The second payment of the dividend of an equivalent amount will be disbursed in April 2024.
