BYD 2025 revenue surges
The EV manufacturer reported net profit of $.3.3bn for 9M 2025.Company News Business Uncategorized
Asian markets swing as traders assess latest tariffs volley
Asian markets were mixed Wednesday after President Donald Trump broadened his tariff threats, while traders were also assessing the geopolitical...Business
Britain expands investigation into Vodafone-Three UK merger
London, United Kingdom - Britain's competition regulator deepened Thursday its probe into Vodafone's planned merger of British mobile phone operations with...The watchdog had warned last month that the deal could have a "substantial" impact on competition and may lead to higher prices and also reduced quality for consumers.
The merger, if approved, will vault the combined operations above the country's two largest mobile operators BT EE and Virgin Media O2 in terms of customer numbers.
ahli islamic introduces Sharia-compliant Money Market Fund
MUSCAT, OMAN – As part of its investment solutions and Sharia-compliant products and services, ahli islamic, ahlibank’s Islamic banking window,...ahli islamic customers now have the opportunity to invest and gain exposure to attractive local and regional profit rates.
With its lucrative returns, the new Islamic Money Market Fund is for those seeking Sharia-compliant investments.
RAKBANK, DP World sign pact
The aim is to offer trade finance solutions to businesses in UAE.This strategic partnership leverages DP World's extensive trade network and real-time data insights.
It empowers RAKBANK with enhanced risk assessment capabilities and streamlined access to financing.
Apple explores making personal robots
It is working on a robot that may be helpful to people.Apple is reported to have transferred employees from the shuttered car division to generative artificial intelligence projects
The robot project is being overseen by Apple’s hardware engineering division and its AI and machine learning group
OPEC+ decides to keep oil production levels unchanged
Vienna, Austria--The participants of the 53rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum...The Joint Ministerial Monitoring Committee of OPEC+ agreed to keep current oil production levels unchanged
It lauded Russia for announcing that its adjustments in the next few months will be based on production instead of exports
Turkish Airlines profits soar
In December, the airline ordered 230 Airbus planes.The airline posted revenues of $20.9 billion last year, up 13.6 percent on 2022's figure
The airline is controlled by the country's wealth fund, which owns 49.1 percent of shares
Rising threat: DDoS attacks demand proactive defense
"Threat actors can employ artificial intelligence (AI) and machine learning (ML) algorithms to identify vulnerabilities and adapt their tactics in...DDoS attacks have evolved from simple nuisances to highly sophisticated and coordinated assaults, posing a significant threat to online businesses
Today's attackers use various techniques, including amplification attacks, which exploit internet protocol vulnerabilities to multiply attack traffic, making mitigation challenging
Russia becomes world’s fourth-biggest LNG producer, says PM
MOSCOW, RUSSIA – Prime Minister Mikhail Mishustin said the country became the world’s fourth-biggest LNG producer last year.The Russian Prime...Mikhail Mishustin said that the volume of LNG exports rose almost three-fold in six years.
In January - February 2024, natural gas production in Russia increased by 11.3 percent year-on-year.
EasyLease buys stake in United Trans
This helps EasyLease expand its presence in mobility sector.United Trans has been at the forefront of transforming the regional transport spectrum.
The company collaborates with major global organizations across all modes of transport.
flynas receives 50th jetliner out of 120 Airbus A320neo ordered
RIYADH, SAUDI ARABIA – flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and the...The deal with Airbus was a strategic step for flynas, consolidating its position as a leading low-cost airline in the Middle East.
The company is moving forward in its plan to double the fleet size after getting approval to purchase 250 aircraft.
