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Ozempic maker lowers outlook

The company posted tepid Q3 results.

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%.
  • Snapchat to add in-app Amazon shopping

    In-app shopping will be available for select products advertised on Snapchat and sold at Amazon, the spokesperson added. People will...

    Snapchat-parent Snap shares shot up more than 7 percent on the news, ending the formal trading day at $12.15 per share

    Snap and Amazon last year unveiled a collaboration that let Snapchat users "try on" eyeglasses using AR then buy those they liked at Amazon

  • AD Ports net profit up

    It posted a 189% jump in revenue in Q3 to US$1.15bn.

    Its EBITDA rose by 28% YoY to $207 million during the third quarter, largely supported by the acquisition of Noatum and Karachi Gateway Terminal

    The company said that the negative net operating cash flows of $158 million were impacted by a temporary deterioration in working capital

  • Google warns against downloading its AI model from external sources

    Washington, US--Google has warned users against trying to obtain its Cold generative artificial intelligence (AI) model from external sources currently...

    According to Google the download delivers malware to victims, stealing sensitive data and starts from a user's social media accounts

    The company is working on Bard tools to integrate them into many of the different services it provides from search engine to Pixel phones

  • Black Friday is a $74bn opportunity for MENA retail. But is it losing sheen by ‘blindly copying’ the West?

    The expected injection of billions of dollars into the retail business through sale of varied items can turn out to...

    In 2021, Black Friday sales notched up $61 billion, followed by a further upswing in sales to $70 billion in 2022, and this year sales are expected to cross the figure

    According to several experts, the annual event continues to draw consumers across the GCC, with nearly 85 percent of them expected to participate in Black Friday

  • Black Friday is a $74bn opportunity for MENA retail. But is it losing sheen by ‘blindly copying’ the West?

    The expected injection of billions of dollars into the retail business through sale of varied items can turn out to...

    In 2021, Black Friday sales notched up $61 billion, followed by a further upswing in sales to $70 billion in 2022, and this year sales are expected to cross the figure

    According to several experts, the annual event continues to draw consumers across the GCC, with nearly 85 percent of them expected to participate in Black Friday

  • EgyptAir orders 10 Airbus A350 planes in $3.2bn deal at Dubai Airshow

    The transaction is worth $3.2 billion, reports say.

    Airbus commercial director Christian Scherer told a news conference the deal marked "an important milestone" in the "long and successful partnership" with EgyptAir

    Airbus, which on Monday announced an order for 30 A220-300s from Latvian budget carrier airBaltic, has been overshadowed by US rival Boeing at this year's Dubai Airshow

  • UAE’s Tawazun Council signs deals worth $1.27bn at Dubai Airshow

    Dubai, UAE - UAE's Tawazun Council, an independent government entity that works closely with the Ministry of Defense and security...

    Four contracts were signed by Tawazun Council on behalf of the Ministry of Defense with local companies, totaling AED 2.7 billion ($740m)

    A contract was signed with “Air Dynamics Solutions” to provide Technical Support and Purchase of Spare Parts and Repair of Aircrafts.

  • Foxconn reports 11% rise in profit

    Foxconn is China's largest private-sector employer.

    Foxconn said net profit for July-September rose to Tw$43.1 billion (US$1.3 billion) from Tw$38.8 billion in the same period last year

    Tuesday's results follow consecutive quarterly profit misses - with January-March seeing a drop of 56 percent and a one percent fall in next three months

  • Emirates to build advanced $950m engineering facility at DWC

    Dubai, UAE -- Emirates has unveiled a plans to build a $950 million cutting-edge engineering facility at Dubai World Central...

    Spanning 1 million square meters, the engineering complex is set to become the most extensive and advanced facility of its kind operated by any airline globally.

    Tailored to meet the evolving needs of Emirates' aircraft fleet through the 2040s, the facility is expected to provide support for the airline's operations.

  • Denmark, Netherlands top destinations for remote working: Report

    Davos, Switzerland -- Denmark, the Netherlands, and Germany have emerged as the leading countries for remote working, offering the best...

    The Global Remote Work Index, which evaluates 108 countries, is a crucial tool for remote workers seeking the best destinations for their work.

    A WEF report, which surveyed over 800 companies employing more than 11 million workers, highlights remote working as a significant trend.