Meta chief discusses AI risks with Japan PM during Asia tour
The 39-year-old mixed business with pleasure while in Japan, going skiing with his family and learning about sword-making from a...Business
UAE’s Al Ansari raises size of IPO retail tranche to 7.5%
The UAE-based exchange house said the number of ordinary shares has been increased from 37.50 million to 56.25 million. But...Based on the previously announced price range of AED 1.00 to AED 1.03 per share, the size of the retail tranche will now be between AED56.3 million and AED57.9 million.
Al Ansari is Dubai's first IPO this year. The company expects to list and start trading on the Dubai Financial Market in April.
Denmark asks Nord Stream owner to help recover mystery object
COPENHAGEN, DENMARK - Denmark has invited the Russian-controlled operator of the Nord Stream 2 pipeline to help recover a mystery object...Russian energy giant Gazprom holds a majority stake in the twin pipelines, with the rest owned by German, Dutch and French companies.
The Danish energy agency released a photo of the cylindrical object standing near the Nord Stream 2 pipeline at the bottom of the sea.
ENOC Group unveils five-pillar growth strategy
Dubai, UAE - ENOC Group on Thursday unveiled its five-pillar long-term growth strategy after having recorded its best performance ever...The group recorded a 60 percent increase in EBITDA last year in comparison to 2021
Its Strata marine lubricants arm recorded a 350% sales growth in the last two years
Johnson & Johnson loses key tuberculosis drug patent in India
New Delhi, India--India's Patent Office rejected on Thursday US pharmaceutical giant Johnson and Johnson’s application to extend its patent on a...Rejecting Johnson & Johnson's application, Assistant Controller of Patents and Designs Latika Dawara said that it did not meet the requirements of India's Patent Act
The decision is likely to enable Indian manufacturers to begin work on generic versions of the drug once the primary patent expires in July
Accenture to cut 19,000 jobs
It will slash 2.5% of workforce as a cost-cutting effort.The firm expects to incur $1.5 billion in costs as a result of the downsizing, including $1.2 billion directly related to the layoffs
According to the company's recent annual report, it put the number of employees at 721,000 in 2022
Qatar cruise tourism receives boost as MSC World Europa docks in Doha
Doha, Qatar--Doha port received on Thursday the cruise ship MSC World Europa carrying 5,613 tourists and a crew of 2,121....Qatar's tourism sector has recorded growth in recent years thanks to growing popularity in cruise tourism, making the country a favorite destination
Equipped with latest technology, MSC World Europa is one of the most innovative and eco-friendly equipment in the company's fleet
KIPCO’s 2022 profit soars 44%Â
Earnings per share went up 15% to $2.3 cents.Earnings per share were up 15 percent from US$ 2 cents to US$ 2.3 cents
Shareholder equity increased 81 percent from US$ 1.1 billion to US$ 1.9 billion
Aramco signs MoU with Samsung
The deal is designed to enhance Saudi digital transformation.Both will make a push for the kingdom's digital transformation in sectors like energy, petrochemical, and manufacturing
Saudi Arabia, according to a UN report in March, is ranked fourth globally in its level of preparedness in digital systems
Block stock down 22% as Hindenburg targets it for overstating user base
New York, United States -- Two months after accusing India's Adani Enterprises of fraud, US investment group Hindenburg Research launched...Block, founded by former Twitter boss Dorsey in 2009, used to be called Square before being renamed in late 2021.
The tech company operates financial transactions, ranging from payments to merchants to payments between individuals.
IMF warns ‘inaction will leave Lebanon in never-ending crisis’
Lebanon and the IMF reached a conditional agreement in April 2022 on a $3-billion-dollar loan needed to save the country's...The IMF had conditioned the funds on unifying the country's plethora of exchange rates and a reformed bank secrecy law as well as restructuring the banking sector.
Lebanon's meltdown has pushed most of the population into poverty while the political elite, widely blamed for the country's financial collapse, has failed to take action.
