Paris, France -- Global tax plans targeting billionaires and multinational companies are running aground, with the United States torpedoing reforms...
- Washington, United States - A US judge on Thursday ruled that Google illegally wielded monopoly power in the online ad...
Its net profit fell 7 percent to US$50 million in Q1 of 2023.Its revenue also plunged to $122 million in Q1 as against $140 million in the same period of last year
The company attributed the decline in revenue and net profit to a fall in energy prices from high levels
Analysts had foreseen an increase in subscribers for the period, but a hike in prices sent customers turning away from...Total subscribers to Disney Plus fell to 157.8 million, the Burbank, California-based group said, with the company losing $659 million in its streaming unit
Disney said that despite the fall in subscribers, revenue per customer had increased and added it believed the subscribers would again pick up
Revenue increased to $33.21 million, up 16 percent.Revenue increased to $33.21 million, up 16 percent compared to the same period last year
Administrative and general expenses declined 21 percent year-on-year to $4.5 million
Its transformative power to reshape life has left people awestruck across the world, but the technology that powers ChatGPT might...According to a Goldman Sachs economist, more than 65 percent of occupations will be partially or fully automated in the coming years
Critics of generative artificial intelligence that powers chatbots argue that it can never be able to replace the genius of human mind
The company posted a net profit of $104 million for the quarter.The net profit was up despite higher operating expenses, higher net finance cost and higher zakat and income tax expenses.
Revenues increased in the Retail, Food Processing and Frozen Food segments by 11 percent, 2 percent and 15 percent, respectively.
Abu Dhabi, UAE - ADNOC and Baker Hughes announced Wednesday a deal to accelerate the development and commercialization of technology...ADNOC will leverage Baker Hughes’ extensive hydrogen expertize and broad portfolio to test and develop solutions to produce low-cost green hydrogen.
Baker Hughes has been a longstanding strategic partner to ADNOC, deploying advanced technologies and solutions across the energy value chain.
Dubai, UAE - A delegation of Palestinian business executives including 21 start-up representatives visited Dubai Chamber of Digital Economy. It...The event included demonstration of key steps to set up a digital-first business in Dubai, and trade opportunities with Dubai companies.
Participants at the event included Hashim Shawa, Chairman of Bank of Palestine Group, and; Linda Tarzi, Board Member at Bank of Palestine Group.
- At Christie's, the star lot is Henri Rousseau's "Les Flamants," which is set to smash the record price at auction...
Codex Sassoon, the most expensive historical document to ever go under the hammer and is tipped to fetch up to $50 million at Sotheby's on May 17
Other Sotheby's highlights include Jean-Michel Basquiat's 1985 ode to jazz "Now's the Time," which is predicted to achieve more than $30 million
The firm's net profit soared to US$27.14mn in Q1 of 2023.The insurance company's total revenue took a dive to $273 million in Q1 of 2023 from $300 million for the same period in 2022
Its net income from investment however shot up 94.0% to $12.60 million compared to $6.50 million for the same period in 2022
Abu Dhabi, UAE -- ADNOC has announced its intention to float a 15 percent minority stake in ADNOC Logistics &...The offering is expected to open on May 16, 2023, subject to regulatory approvals and other relevant considerations
ADNOC L&S is alogistics services provider to ADNOC Group, offering highly-specialized services across the energy value chain
