DEWA customers can make payments via Samsung Pay

Maersk Q1 profit dips

For the first three months of the year, Maersk had a net profit of $2.3 billion, down from $6.8 billion a year earlier.

The result fell short of analyst expectations, as Maersk also reported a 26 percent drop in revenue to $14.2 billion.

BMW Q1 net profit at $4.1bn  

Overall vehicle sales declined by 1.5 percent year-on-year, with a 6.6 percent slide in China and a 1.9 percent decrease in Europe.

In Europe, "the environment was characterized by persistent inflation and high interest rates," BMW said.

SODIC posts $0.10bn Q1 sales

SODIC's majority shareholder, Aldar, led one of the largest foreign direct investments in the Egyptian real estate sector in 2021

The company is also expanding its landbank in multiple areas across Egypt, including West Cairo, East Cairo, and the North Coast

Shell Q1 profits jump

Profit after tax leapt 22 percent to $8.7 billion from a year earlier, when it had faced a large $3.9 billion charge over its exit from Russia after Moscow invaded Ukraine

Adjusted earnings rose six percent to £9.6 billion and revenue advanced seven percent to $89 billion, sparking fresh outcry from critics as Britons face a cost-of-living crisis

Microsoft expands artificial intelligence programs’ access to public

The AI-enhanced features of the company's Bing search engine and Edge internet browser are now open for anyone to use, Yusuf Mehdi, corporate vice president said

The services have been enhanced with the ability to work with images as well as text, and Microsoft intends to add video to the mix, according to the executive

AD Ports adds drydock services at Khalifa Port in expansion drive

The port with the expansion in services, from container and cargo handling, vessel repairs and maintenance, is aiming to improve client service

The CEO of AD Ports said the addition of new service will drive growth and enhance the company's competitive position in the market

Volkswagen net profit falls

Net profit dropped 29.9 percent, with VW saying it was due to the impact of commodity hedging, which had pushed up operating profit in the period a year earlier

Sales revenue rose 22 percent from January to March, boosted by improved sales in Europe and North America, said VW, which also confirmed its positive forecast for the year

Egypt reports 72% drop in current account deficit to US$1.8bn

The drop in the deficit was caused by current account turning a $1.41 billion surplus last year as imports dropped and exports soared

According to S&P Global's report, the downturn in the business sector softened in April as cost inflation fell to a on-year low

Abu Dhabi’s property market records sales worth US$7.62bn in Q1

The emirate recorded a 147 percent jump in the value of real estate transactions during the first quarter of 2023 compared to the same period of last year

The Department of Municipalities and Transport has reported an increase in the value of mortgage transactions to $3.18 billion during the first quarter