Eurozone business activity stabilizes in March
Brussels, Belgium - Business activity in the eurozone stabilized in March thanks largely to a "modest recovery" in the service sector,...Business Economy
Bayanat, Yahsat shareholders to vote on merger and creation of SPACE42 on April 25
ABU DHABI, UAE – Bayanat AI PLC and Al Yah Satellite Communications Company each issued a circular on Thursday calling...Business Tech & Media
ADCP partners with AP Moller
ADCP is a JV between Mubadala and Alpha Wave Global.AP Moller Capital focuses on, among other areas, opportunities in upper middle market infrastructure investments in sectors such as transportation and renewable energy.
This venture reinforces ADCP’s commitment to the development of the institutional financial ecosystem from its headquarters at the ADGM, the firms said in a statement.
Masdar, Iberdrola to invest in US$1.77bn German wind farm
The UAE's firm signed an agreement with Iberdrola to co-invest in the 476-megawatt Baltic Eagle offshore wind farm in the...Masdar's CEO Mohamed Jameel Al Ramahi and Iberdrola's Executive Chairman Ignacio Galan signed the deal
For close to seven years now Masdar has revolutionized the clean energy sector in the UAE, and beyond
L&T Construction secures orders in Saudi Arabia, Malaysia, India
Dubai, UAE - L&T Construction, part of Larsen & Toubro, has secured new orders in Saudi Arabia, Malaysia, and India.The...The company will construct a ±525kV High Voltage Direct Current (HVDC) transmission segment in Saudi Arabia
In the Sarawak region of Malaysia, L&T Construction has won an order to establish a 275kV Substation
GM reports strong results
Profits jumped 52 percent to $2.6 billion .General Motors cited strong consumer demand, which has allowed for solid pricing while keeping incentives in check
Profits jumped 52 percent to $2.6 billion on revenues of $44.7 billion, which were up 25 percent
Microsoft, Google beat profit expectations
Tech titans announced better-than-expected earnings.An earnings statement reported that net profit for Microsoft was $20.1 billion in the April to June period, up 20 percent year-on-year and above expectations
Microsoft shares lifted off last week when the company said it would charge $30 extra per user to turbocharge its Microsoft 365 product with AI power
Qatar Airways, British Airways, Iberia form new joint venture
Doha, Qatar -Qatar Airways, British Airways, and Iberia have come together to form a new joint venture In a move...With the addition of Iberia, the national carrier of Spain, to the existing BA-QR partnership, travelers can now enjoy enhanced worldwide connectivity
Customers from the Middle East, Africa, Asia, and Australia will benefit from seamless travel to popular Spanish and Portuguese destination
QIIB profit climbs 7.7 percent
Its net profit for H1 of 2023 jumped to US$169 million.The bank's earnings per share (EPS) amounted to QR 0.41 as of June 30, 2023 versus EPS QR 0.38 for the same period in 2022.
Chairman of QIIB's board of directors said that the results posted by the bank are in harmony with the strength of the Qatari economy
Qatar Free Zones Authority, Qatar Development Bank to support foreign investors
Doha, Qatar-- The Qatar Free Zones Authority has joined hands with Qatar Development Bank to support foreign investors and firms...The agreement will enable both to widen the areas of cooperation to serve companies investing in free zones, allowing them to use a variety of services
The partnership is expected to create a suitable investment climate in Qatar and at the same time provide support to investors to achieve growth in businesses
KEZAD Group, Al Jazeera Steel Products to establish $68m rolling steel mill
Abu Dhabi, UAE - Khalifa Economic Zones Abu Dhabi or KEZAD Group, and Al Jazeera Steel Products Co, held the...The establishment of the mill over an area of 210,000 square metres in KEZAD aims to enhance steel manufacturing capabilities
The 450,000 tonnes per annum medium section mill will answer the growing customer demand for its products
Sharjah Sustainable City sales surge
The sales in H1 of 2023 climbed on the back of high demand.The sales were seen to be driven by a deep understanding of the UAE real estate market, offering residents a unique and exclusive experience
Sharjah Sustainable City offers the best of both worlds to customers with unique designs, spacious layouts, and cutting-edge smart home technologies
