ADNOC L&S okays $273m dividend
The final dividend of $136.5m will be paid on April 3.Company News Business
BYD surpasses Tesla with record revenue
The Chinese EV giant's net profit was $5.55 billion for 2024.Company News Business
UAE, Saudi stock exchanges surpass Arab peers with $167bn in gains
Abu Dhabi, UAE -- The financial markets of the United Arab Emirates and Saudi Arabia topped the Arab stock exchanges...UAE achieved market gains of about $32.5 billion: $20.7 billion for the Abu Dhabi Securities Exchange (ADX) and $11.8 billion for the Dubai Financial Market (DFM).
The Saudi Financial Market achieved market gains of about $134.1 billion with a rise in its market capitalization from $2.908 trillion to $3.04 trillion.
Saudi Arabia selected as member of UN’s AI Advisory Body
New York, United States-- United Nations Secretary-General António Guterres Friday announced the selection of Saudi Arabia to the UN Advisory...UN Advisory Body on Artificial Intelligence (AI) consists of 39 members representing government and private and civil-society organizations.
Shura Council member Dr. Latifa bint Mohammad Al-Abdulkareem will represent the Kingdom at the UN AI Advisory Body.
Qatar records real estate sales contracts worth $84m in five days
Doha, Qatar -- Qatar recorded real estate trading volume in sales contracts worth QR 308 million ($84.59 million) for the...Total sales contracts for residential units for the same period was QR 1.09 billion.
Sales were concentrated in AL Rayyan, Doha, Al Wakrah, Al Daayen, Umm Salal, Al Khor and Al Dakhira municipalities.
UDC posts net profit of US$63m
The net profit has been reported for the first nine months of 2023.The company said that the Earnings per Share (EPS) amounted to US$0.01 (QR 0.065) as of September 30, 2023.
UDC is a Qatari public shareholding company and the master developer of The Pearl and Gewan Islands.
QFZ, Samsung C&T ink MoU
The two will collaborate in green, sustainable technologies.Both the parties will work together to achieve sustainability objectives within the free zones in Qatar through energy transition.
QFZ, Samsung C&T will also explore co-investment opportunities in green infrastructure within the free zones.
PIF to reveal complementary auto projects soon, says top official
Riyadh, Saudi Arabia -- The Public Investment Fund will soon announce complementary projects for the automobile industry, mainly batteries, said...PIF is currently focusing on attracting industries related to the automobile system, such as tires, glass, and plastics to Saudi Arabia.
The PIF has established three factories, Ceer, Lucid and Hyundai, finalizing the first phase of its mega project related to attracting the car manufacturing industry.
Air France-KLM posts profit jump
Turnover increased nearly seven percent to 8.7 billion euros.The group reported profit in the third quarter of 931 million euros, double the same period last year, as the group benefited from robust demand for air travel
Between July and September this year the group transported 26.9 million people - an increase of 7.6 percent compared to the same period the previous year
Intel beats earnings expectations
Net income of US chip giant tallied $300 million.Intel reported revenue of $14.2 billion, which was 8 percent less than the amount seen in the same quarter a year earlier but ahead of forecasts
Net income of US chip giant tallied $300 million, compared with $1 billion profit in the same period in 2022, earnings figures showed
Apple Watch models face US import ban in patent clash
Apple has been steadily ramping up fitness and health features with each generation of Apple Watch, which market trackers say...US International Trade Commission issued a "limited exclusion order" set to go into effect in 60 days if not nixed by President Joe Biden, according to California-based Masimo
The order stemmed from a complaint made to the commission in mid-2021 accusing Apple Watch of infringing on its patented technology for "light-based oximetry functionality
Hamas says 50 hostages dead in Israeli strikes on Gaza
Jerusalem - Hamas's armed wing said on Thursday that "almost 50" Israeli hostages held in the Gaza Strip since the...Earlier, the Israeli army said 224 people were abducted by militants during the attack that left 1,400 people, mostly civilians, dead.
"We have informed the families of 224 hostages. This number is changing based on the intelligence we obtain," military spokesman Daniel Hagari said
