The firm said it was realigning its organization as it embraces AI.
London, United Kingdom - The BBC, Britain's public broadcaster that is struggling with strained finances, on Thursday launched a paid...
Riyadh, Saudi Arabia -- Capital market institutions authorized by Saudi Arabia's Capital Market Authority posted a record 29.8 percent increase...The retained profits in capital market institutions reached a record high of SAR 60.34 billion, an increase of 39.17 percent.
The profits of capital market institutions surged to highest ever SAR 12 billion due to a 26 percent increase in revenues in 2022.
The company’s EBITDA in H1 2023 was US$178 million.In the July 2022 to June 2023 period, Empower’s consolidated revenue was US$778 million.
Empower CEO said the firm continues to expand investments in its portfolio of assets and infrastructure.
Firm's EBITDA rose 12.7% y-o-y to $127 million in H1 2023.Burjeel Holding reported revenue of US$599 million, up 13.9 percent y-o-y during H1 2023.
The net profit was attributable to robust topline growth and significantly lower finance costs.
The increase was attributed to expansion in fleet and services.ADNOC Drilling’s first half revenue increased to $1.4 billion, up 13 percent year-on-year.
Second quarter revenue grew by 8 percent year-on-year to $724 million and by percent sequentially.
TotalEnergies and SOCAR will hold 35% stake each in the field.Entering into a strategic partnership with SOCAR also elevates ADNOC’s long-standing partnership with TotalEnergies, who until now had held a 50% share alongside SOCAR in Absheron.
The partnership will enable ADNOC to build a major footprint in a region with prolific natural resources and significant growth potential.
- Apple views AI as integral to its growth.
Profits for Apple's third fiscal quarter were $19.9 billion, up 2.3 percent from the year-ago period, revenues again declined, this time by 1.4 percent to $81.8 billion
Bright spots for the tech giant included an "all-time high" in services revenue, comprised of the App store, Apple pay and Apple TV and other subscription services
The Earnings per Share amounted to QR 0.059.The Earnings per Share stood at QAR 0.059, marking a slight decline from the EPS of QAR 0.065 for the corresponding period in 2022
The company has a portfolio spanning 51 companies operating across five strategic sectors comprising healthcare, services, ventures, contracting, and industries
Abu Dhabi, UAE - Abu Dhabi International Airport (ADIA) registers an increase of 67 percent in passenger traffic with 10,258,653...The airport also recorded 67,835 flights, a rise of 36 percent compared to 49,919 flights during H1 2022
The destination with the highest passenger traffic served by the airport during the period was Mumbai
Geopolitical tensions, such as the Russian-Ukrainian war and the trade war between the United States and China, have sent shockwaves...Geopolitical tensions, such as the Russian-Ukrainian war and the trade war between the United States and China, have sent shockwaves through the oil market, says an expert
OPEC's decisions to extend oil production cuts have stabilized markets, but challenges from non-OPEC+ producers and the global economic outlook continue to impact oil prices.
Adidas now expects to end the year with an operating loss of $492m.The German sportswear giant reported a net profit of 84 million euros ($92 million) from April to June.
Adidas shares were up 1.4 percent on the Frankfurt Stock Exchange after the results were released.
