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
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.
Iran-Turkey trade expands to US$930m in first two months of 2024
Tehran, Iran--The trade exchanges between Iran and Turkey in the first two months of 2024 reached $930 million, showing a...According to a report, Turkey’s exports to Iran in January and February reached $580 million, recording a 23 percent increase
Turkey’s imports from Iran however registered a 22 percent decline and fell from $450m in January-February 2023 to $350m
Central Bank of Bahrain Sukuk Al Ijara oversubscribed by 186 percent
Manama, Bahrain--The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al...As per reports, subscriptions worth $128.67 million were received for the $69.14 million issue, which carries maturity of 182 days
The expected return on the issue, which begins on April 4 and matures on October 3, is 5.90%, equivalent to the previous issue
Tesla reports drop in auto sales
The decline was in part due to a weak sales market in China.In explaining the drop, Tesla pointed to a hit from the production ramp-up of an updated Model 3 at its California factory and plant shutdowns due to shipping diversions
Financial services firm Morningstar said the decline also "points to a slowdown in demand for Tesla's vehicles, as the company's competitors may have cut price more than Tesla
FAB, Microsoft forge partnership
The two will work to develop AI-based banking capabilities.The new AI Innovation Hub will focus on innovation, sustainability, and customer experience
It will accelerate the adoption of new innovations and AI technology into financial services
