Business - TRENDS MENA

Beijing, China -- While China's leaders use their economic and political might to fight Donald Trump's trade war "to the...

As per pact, e& is a cornerstone shareholder of Vodafone.
e& and Vodafone will explore offering joint cross-border digital services to multi-national customers and public sector organizations.
Services will include fixed and mobile connectivity, Mobile Private Networks, IoT, cybersecurity, and cloud-based services.
Riyadh, Saudi Arabia -- Saudi Arabia's Industrial Production Index (IPI) increased by 4.1 percent in March 2023, compared to the...
The kingdom's General Authority for Statistics (GASTAT) said the IPI rose to 134.8 points in March, according to the base year 2010, compared to 129.5 points in March 2022.
The index of the mining and quarrying activity increased by 1.6 percent and the sub-index of the manufacturing activity increased by 10.5 percent over previous year.
The group declared a dividend of $1.2 billion to its owner.
The Emirates airline business alone banked $2.9 billion after returning a $1.1 billion loss in the previous financial year.
The Middle East's biggest airline had posted a $5.5 billion loss for Covid-ravaged 2020-2021, its first in over three decades.
The company sold 3.16 million vehicles for the year to march 2023.
Nissan registered a net profit of 220 billion yen for the financial year 2022, pipping its original predicted profit of 220 billion yen.
The company said the gains were the result of sales improvements and cost-cutting, as well as favorable foreign exchange rate fluctuations.
This is the company's highest-ever quarterly revenue.
The company will distribute a total of SAR1.99 billion in cash dividends to the shareholders for the first quarter of 2023.
The company's net profits reached SAR 3.10 billion, an increase of 2.44 percent over the first quarter of 2022.
Dubai, UAE: The economic potential of the Middle East-China trade corridor was the focus of discussion at an exclusive International...
HSBC hosted Chinese ambassador to the UAE Zhang Yiming and a senior delegation from the UAE China Business Council
Trade between China and the UAE reached a record high of $99.27 billion in 2022, marking an annual increase of 37.4%
The company's revenue for the quarter was $5.2 billion.
The company's Q1 2023 revenue was $5.2 billion, down from $6.2 billion for the same period in 2022
It maintained an EBITDA margin of 34 percent in Q1 2023, only 1 percent lower than in Q1 2022
The bank took hits across a range of start-up investments.
The company said its annual net loss came to 970 billion yen on sales of 6.57 trillion yen, reflecting losses from its Vision Fund portfolios
The Vision Fund 1 and 2 (VF1, VF2) vehicles were hit by the global tech rout, SoftBank Group said in a statement
Keeping the Swiss banking division as an independent unit appeals to many in Switzerland -- particularly as it could prevent...
Investors are anxious to know whether UBS will integrate the Swiss banking division into its own domestic business, sell it, or even split it through a share offering
Ethos, which represents pension funds in Switzerland, said splitting off the Swiss branch was best option to protect jobs and to avoid concentrating risks in one giant bank
Abu Dhabi, UAE-- The UAE's gross domestic product (GDP) is estimated to have grown 7.6 percent in 2022, shored up...
The bank said that in spite of the rise in global inflation, the UAE's remained below the average rate of 4.8 percent, with a decline expected in 2023
The report noted the bank's efforts to ramp up monetary stability, improve financial sector's resilience, and support economic activity in the UAE