Samsung TV pioneer Han Jong-hee dies of heart attack at 63
Samsung Electronics co-CEO Han Jong-hee, credited with boosting the South Korean tech giant's television business on the global stage, died...Business
Al Ansari approves $85m dividend
This is approx 78% of the company's net profit after tax.Company News Business
Deutsche Bank profit down
Its net profit for the third quarter dropped to US$1.09bn.The bank launched a new effort earlier this year to cut costs and focus on its core strengths
Its chief executive said the bank has "materially improved capital outlook" thanks to strong results
Investcorp to float IPO
The listing of shares on ADX is set for November 17.According to the company, the subscription will be open from November 2 to November 9, 2023
It plans to offer 321,500,000 new shares while 321,500,000 shares will be sold by selling shareholder, Investcorp S.A
UAE-Zimbabwe trade touches US$2bn, poised to expand more
Abu Dhabi, UAE-- Trade between the UAE and Zimbabwe touched $2 billion last year as the bilateral relations between the...The UAE is Zimbabwe's second-largest trading partner and the relations between the two countries are poised to grow further
Zimbabwe's ambassador to the UAE said that both countries are working to develop a number of sectors, like mining, and energy
Saudi industrial construction potential game-changer
The Kingdom is gearing up for a massive investment in industrial and mega projects, with plans to allocate $180 billion...The Kingdom is gearing up for a massive investment in industrial and mega projects, with plans to allocate $180 billion annually from 2025 to 2028, says a latest report.
With projects like the high-tech NEOM city in the pipeline, the Kingdom is set on diversifying its economy and establishing itself as a leading tourist destination.
Markets up, oil down as investors eye Middle East situation
Oil slid but most world stock markets rose in anticipation of a raft of strong US corporate earnings, even as...Oil prices drifted down around two percent not least on concerns over where the conflict in the crude-rich Middle East is headed.
Traders were on a welter of third-quarter earnings, with Microsoft and Alphabet among those due to unload after market close.
RCU inks pact with Artefact, Dassault Systèmes for AI, digital solutions
ALULA, SAUDI ARABIA – The Royal Commission for AlUla (RCU) has reinforced its commitment to technology innovation and cutting-edge digital...The pacts are focused on the seamless integration of the latest and emerging digital products within AlUla's maturing technology eco-system.
The agreement will cover pivotal areas of development, from AI consulting and transformation to establishing a dedicated school of data & AI.
NHC, NAVER Cloud ink pact
The pact aims at establishing advanced digital solutions.The agreement aims to boost cooperation, achieve common goals, exchange experience in the application of the innovative solutions.
The pact will help achieve the strategic visions of the municipal and housing sectors by adopting the best technologies for a sustainable future.
General Motors Q3 profit surge
Revenues rose five percent to $44.1 billion, the company said.The big US automaker reported third-quarter profits of $3.1 billion, down seven percent from the year-ago period but better than analyst estimates
GM notched higher vehicle sales in the United States amid still-strong pricing trends for popular truck and sport utility vehicles
Stora Enso posts loss again
Stora Enso registered a loss of $272m euros in Q2 2023.The Finland-based company said it lost 34 million euros in the third quarter, down from the 367-million-euro net profit during the July to September period last year
After experiencing sales growth in 2021 and 2022, Stora Enso saw sales tumble by 28 percent in the third quarter compared to the same period last year, to 2.1 billion euros
DEWA okays H1 dividend of $843m
The company had reported a net profit of $540 million for Q2.The Board of Directors of DEWA authorized the payment of H1 2023 dividend on 10th August 2023.
On 26th October 2023, the dividend will be paid to all shareholders via Dubai CSD.
