Washington, United States -- US President Donald Trump on Friday threatened Apple and other smartphone manufacturers with a 25 percent...
- Beijing, China -- Tech giant Xiaomi unveiled a new advanced in-house mobile chip on Thursday, a significant milestone for the...
JEDDAH, SAUDI ARABIA - Islamic Development Bank (IsDB) President and Group Chairman Dr. Muhammad Al-Jasser and Uzbekistan Minister of Investments,...Under the agreement, IsDB will provide US$260 million in financing for the Integrated Rural Development Project.
The project will empower local communities, improve their access to quality and resilient infrastructure.
Pact involves investment of over US$272 million.The agreement will mark the first phase of Al Ghurair Foods division’s investments in KEZAD.
The highest standards of food safety in line with International biosecurity standards will be followed.
BERN, SWITZERLAND - Switzerland's central bank said Friday that the country's banking regulations needed toughening up after the implosion of Credit...Credit Suisse's share price plunged on March 15, causing the central bank to step in with a $54-billion lifeline for the second-biggest bank in Switzerland.
The Swiss government, Swiss National Bank and the financial market regulator strongarmed UBS into a $3.25-billion takeover on March 19.
ABU DHABI, UAE - The UAE will participate in the Joint Annual Meeting of Arab Financial Institutions, which will be...UAE will participate in the 52nd annual meeting of the Board of Governors of the Arab Fund for Economic and Social Development.
UAE will also take part in the 47th annual meeting of the Board of Governors of the Arab Bank for the Economic Development in Africa.
The consolidated revenue rose 13 percent to $24.2 million.The total consolidated revenue rose 13 percent to $24.2 million in Q1 2023, compared to $21.4 million in Q1 2022.
Operating income amounted to $12.9 million, while investment returns and other income reached $11.3 million
- The German automaker said its revenues were up 8%.
The German automaker said its revenues were up 8% compared to the same period last year, reaching 37.5 billion euros, despite supply chain disruption
Sales in its top-end car range which includes the Mercedes-Maybach shot up by 18 percent to 91,772 units, pulling up the carmaker's bottom line
- The company reported record full-year sales of 11.5trn yen.
The revenue figure was the largest ever for the Japanese conglomerate, beating the last financial year's record of 9.9 trillion yen ($73 billion)
The company's net profit for the year to March was 937.1 billion yen, up 6.2 percent year on year and beating a forecast of 870 billion
The crucial semiconductor industry, that powers everything from personal computers, smartphones to fighter jets, suffered a dismal first quarter as...Intel's revenue fell 36 percent to $11.7 billion in the three-month period and the semiconductor giant posted a loss of $2.8 billion, its biggest ever for a quarter
Rising prices, a global chip glut and poor demand for hardware also punished Samsung Electronics, which on Thursday reported its worst quarterly profits in 14 years
- The company's shares spiked over 10 percent on Thursday.
Amazon shares spiked more than 10% shortly after release of the earnings figures, only to sink slightly below the day's closing price
For the first time in several quarters, Amazon may finally have a bit of wind at its back, said Insider Intelligence principal analyst Andrew Lipsman.
While 82% firms are increasing investments in industrial automation and robotic process automation, 56% of them focus on enhancing employees'...While 82% firms are increasing investments in industrial automation and robotic process automation, 56% of them focus on enhancing employees' digital experiences at workplace
To meet the evolving demands, firms are investing in renewable energy sources and eco-friendly production methods, ensuring long-term growth while minimizing environmental impact
