San Francisco, United States -- Microsoft on Wednesday said it was slashing a little less than four percent of its...
New York, United States - Mark Zuckerberg and Meta are spending billions of dollars for top talent to make up...
The continent has been racing to produce more electric vehicles as part of its green transition, with the clock ticking...Sweden's Northvolt will build a multi-billion-euro plant in northern Germany, which will supply around one million electric vehicles with batteries a year.
In France meanwhile, Taiwanese battery maker ProLogium announced it will invest 5.2 billion euros ($5.7 billion) in building a new factory in Dunkirk.
Dubai, UAE -- A total of 3,112 real estate and property transactions, valued at AED 9.4 billion ($2.55 billion), were...The DLD weekly real estate report noted that 170 plots were sold for AED 1.89 billion, while 2,261 apartments and villas were sold for AED 5.34 billion.
The top three transactions were a land in Al Safouh Second, sold for AED300 million, followed by a land in Saih Shuaib 4.
Firm said the profit was driven by higher prices for policies.The unit's strong performance helped offset lower revenues at its life and health division and its asset management arm.
Allianz confirmed that full-year operating profits remained stable at US$15.4 billion, "plus or minus US$1.08 billion".
Operating profit dropped 30.4% to 110.55 billion yen.For the year that ended March, the engineering giant booked a 126.57 billion yen ($940 million) net profit, down 35 percent on-year, on sales of 3.36 trillion yen, up 0.7%
For the current financial year to March 2024, it forecasts a 110 billion yen operating profit, down 0.5 percent from the previous year, on sales of 3.2 trillion yen, down 4.8%
The firm recorded a net profit of $873 million.Emaar recorded an EBITDA and net profit for the first quarter of 2023 of $1.1 billion and $873 million respectively
The group's property sales reached AED 9.2 billion (US$ 2.5 billion), an 11 percent increase compared to Q1 2022
If Musk follows through on the announcement, he will be belatedly fulfilling the promise he made to honor the results...Twitter users in December voted to oust owner Musk as CEO in an unscientific poll he organized and promised to honor, just weeks after he took charge of the Twitter
NBCUniversal head of global advertising and partnerships, Linda Yaccarino, was a potential candidate for the Twitter chief job, according to a Wall Street Journal report
- ABU DHABI, UAE - Masdar has signed an agreement with the International Renewable Energy Agency (IRENA) to cooperate on a...
The main objective of the project is to establish a global baseline for renewable energy.
The project will also highlight the challenges faced by different regions in meeting their renewable energy ambitions.
ABU DHABI, UAE - ADNOC Logistics & Services (ADNOC L&S) announced on Thursday it has signed an agreement with SeaOwl...The innovative design of the vessel is likely to reduce carbon emissions up to 30 percent as the vessel will be lighter and smaller.
The design for the 55 meters long vessel will allow the vessels to be operated from an onshore control room through a satellite link.
The Bank of England lifted its key interest rate to the highest level since the 2008 financial crisis, noting inflation...Global policymakers are battling elevated inflation caused largely by runaway energy bills.
Bank of England warned of "considerable uncertainties" on when UK inflation would return to its two-percent target.
The net profit increased by 17 percent in Q1 compared to Q1 2022,The revenue for the first quarter reached SAR240.1 million, less 7.4 percent from SAR259.3 million during the same period last year.
The company attributed the rise in net profit to an increase in the average selling price, decrease in cost of sales and decrease in selling and distribution expenses.
