Q1 2025 net profit before tax increased 18% YoY.
Washington, United States -- Global shipping giant DHL will "temporarily" suspend the shipping of parcels worth more than $800 from...
Dubai, UAE-- The UAE's Ministry of Climate Change and Environment has issued a decree on the use and distribution of...Referred to as refrigerant gases responsible for intensifying global warming and depletion of the ozone layer, HFCs are categorized among greenhouse gases
The UAE has been at the front of attempts to restore the ozone layer's protective capacity since joining the Convention in 1989 and the Protocol in 1990
Popular car customizations include color changes, custom rims and tires, body kit installations, modified exhaust systems for a more aggressive...The affluent population's desire for luxury, distinction and personalized automotive experiences help the sector flourish in the Gulf region despite the global challenges
Luxury-seeking individuals craving one-of-a-kind vehicles on the road generally go for vibrant color changes, custom rims, sleek body kits and immersive audio systems
BERLIN, GERMANY - The European Central Bank (ECB) has fined US financial giant Goldman Sachs US$7.2 million (6.63 million euros) for...Goldman Sachs Bank Europe was found to have "breached credit risk reporting rules" in 2019, 2020 and 2021, the ECB said in a statement.
Capital ratios are key indicators of a bank's strength and ability to absorb losses in the event of market turmoil.
Dubai, UAE -- Dubai real estate market has recorded deals worth AED 2 billion ($544 million) on Monday, Dubai Land...The sales included 599 villas and apartments worth AED1.45 billion, and 39 land plots worth AED335.3 million.
In April, the emirate witnessed a surge of 46% in the value of real estate deals, compared April 2022, reaching $7.21 billion.
The deal is also under threat in the US, where last year the Federal Trade Commission launched a legal action...Activision Blizzard's hit titles also include "Candy Crush" and "World of Warcraft". If it goes ahead, it will be the biggest deal ever in gaming if it goes through.
The European Commission, the bloc's powerful anti-trust authority, said the approval was "conditional on full compliance with the commitments offered by Microsoft".
This amounts to cash dividend of 54 percent (54 fils per share)The group had announced a net profit of KD 38.2 million ($124.7 million) and earnings per share of 134.56 fils for 2022.
The group had achieved extraordinary profits in 2021 amounting to KD 49.2 million ($160.9 million) resulting from the acquisition of AXA operations in the Gulf region.
ABU DHABI, UAE - First Abu Dhabi Bank (FAB) is hosting a one-day summit that brings together aviation thought leaders...FAB recently announced that it would set financed emissions reduction targets across oil and gas, power generation and aviation.
The summit will examine how the aviation sector will play a crucial role in supporting the UAE's objective to achieve net-zero by 2050.
ARBIL, IRAQ- Officials in Iraqi Kurdistan say Baghdad is still waiting to reach a "final agreement" with Ankara to resume...Crude sales were Kurdistan's economic lifeblood, with 475,000 barrels exported daily via the Turkish port of Ceyhan.
The suspension of exports represents a shortfall of around "one billion dollars", analyst Kovand Shirwani said.
DUBAI, UAE - Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 76th...The meeting discussed the progress of the Hatta hydroelectric power plant, which DEWA is building and is 70 percent complete.
The meeting also discussed the operation of the region’s first green hydrogen production facility to support diversifying energy sources.
- Major stock markets advanced after President Joe Biden said he was "optimistic" about finding an agreement on averting a first-ever...
The European Commission boosted its 2023 economic growth outlook for the eurozone but raised the inflation forecast for the area.
European gas prices reached the lowest levels in almost two years as concerns about tight supplies ease heading into the summer.
