- The carmaker's net profit plunged 7% to US$3.9bn in Q3.
The company's revenue dropped 1.4% to $39.21bn , partly because passenger car sales were around five percent lower in the quarter
The German automaker left its outlook for 2023 unchanged, with revenue and operating profit seen at the same level as last year
- The number of people using Facebook monthly rose slightly to 3.05 billion in a year-over-year comparison while monthly active users...
Meta made a profit of $11.6 billion as ad revenue climbed 23 percent to $34 billion when compared to the same period a year earlier
Meta shares, which closed the formal trading day down, fell more than three percent further in after-hours trades to $289.50
- Dubai, UAE - The Arab Open Banking is expected to experience 25% annual growth over the next five years, a...
The Arab Monetary Fund will support Arab central banks in adopting effective frameworks for Open Banking and Finance initiatives
The report covers aspects such as data sharing, consent mechanisms, data security, identification of regulated Third Party Providers
- The bank's operating income rose 23% to US$3.32 billion.
The bank said that net interest income rose 8% to $865 million QoQ and 24% YoY while non-interest income of $285 million declined 7% QoQ
Its CEO said the bank delivered strong growth in the first nine months of the year, with net loan climbing by10% i and sound growth in CASA deposits
- The firm trims full-year forecast for deliveries of the 737.
The US aviation giant, which has struggled with manufacturing and quality control issues in recent years, reported a third-quarter loss of $1.6 billion
The latest issue with the 737 is the result of misshapen holes drilled in a part of the fuselage that helps maintain plane pressure.
- Abu Dhabi, UAE -- UAE banks' investments surpassed AED 580 billion, hitting a record high in August 2023, according to...
Banks investments also increased by AED 58 billion or 11 percent year-to-date compared to AED 527.4 billion at the end of 2022.
Bonds held until maturity accounted for the largest share of bank investments at 47 percent, reaching AED 276 billion at the end of August 2023.
- They will deploy AI in Thuraya and Yahsat satellites
nybl provides various AI and ML sector-specific modules, including Oil and Gas, Security and Surveillance, with robust support for ESG.
Under the MoU, both parties will focus on testing, certifying, and enabling the nybl platform over Thuraya and Yahsat satellites.
- Tech giant Microsoft said Tuesday its profits rose in the latest quarter, boosted by its strength in the closely watched...
Microsoft saw its shares rise more than 3 percent to $341.11 on earnings that underscored the momentum of its cloud business
Alphabet reported a quarterly profit of $19.7 billion, powered by money taken in from ads, YouTube, and cloud services




















