Beijing, China -- Chinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sport utility...
US stocks edged higher while European markets retreated and Asian equities were mixed, with markets keeping a close eye on...
“The United States is a long-standing trade and investment partner for the UAE – and an important ally in the...The delegation held multiple meetings with leading Austin-based start-ups, deploying technologies such as AI, blockchain and quantum computing.
UAE minister Thani bin Ahmed Al Zeyoudi highlighted UAE’s unique innovation ecosystem during his meetings with US businesses.
Abu Dhabi, UAE - Emirates International Investment Company (EIIC) has acquired a 7.6 percent stake in Abu Dhabi Islamic Bank...ADIB reported a growth in net profit of 54 percent to reach AED1.1 billion (0.29 billion), driven by significant growth as well as higher margins
The strong financial results for the Q1 2023 demonstrate ADIB's ability to weather challenging economic conditions and deliver robust financial performanceÂ
The airline was helped by "strong" demand from holidaymakers.Net losses totalled $96 million in the first three months of 2023, down sharply from 787 million euros a year earlier, the aviation conglomerate said
Operating profit before exceptional items hit 9.0 billion euros in the quarter, which contrasted with a loss of 718 million last time around
Its operating profit came in at 60m euros.The company booked a net loss of $43 million from January to March, compared to a profit of 482 million euros in the period a year earlier
Its operating profit came in at 60 million euros, a fall of more than 85 percent from a year earlier, while sales were almost flat at 5.28 billion euros
The bank has urged shareholders to vote down the proposal.Asia-focused HSBC has urged shareholders to vote down the proposal at its annual general meeting in Birmingham, central England
Ping An has argued that the bank lags international peers and a recent improvement in performance was tied to rising interest rates
Iran's president hailed his visit to Damascus as a "turning point", after Tehran's support helped Syria retake most of the...Raisi said Iran and Syria had signed 15 "cooperation documents" which would allow "both countries to open a new chapter in economic relations".
Raisi and Assad signed a deal on "long-term strategic cooperation", covering fields including oil, aviation, railways and agriculture.
Frankfurt, Germany - The European Central Bank delivered a smaller interest rate hike Thursday as higher borrowing costs begin to take...It was the seventh-straight increase in the ECB's unprecedented campaign of monetary tightening that began last year after costs of everyday goods began to soar.
Thursday's increase brings the ECB's deposit rate to 3.25 percent, its highest level since 2008.
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has added Samsung Pay to its many options for customers to...- Its turnover fell by 36.6 percent to $9.9 in the Ocean division.
For the first three months of the year, Maersk had a net profit of $2.3 billion, down from $6.8 billion a year earlier.
The result fell short of analyst expectations, as Maersk also reported a 26 percent drop in revenue to $14.2 billion.
The firm says sales declined in Europe and China.Overall vehicle sales declined by 1.5 percent year-on-year, with a 6.6 percent slide in China and a 1.9 percent decrease in Europe.
In Europe, "the environment was characterized by persistent inflation and high interest rates," BMW said.
