Business - TRENDS MENA

Paris, France -- Automakers have already started to adapt to the 25-percent tariff imposed on car imports by US President...

The bank's shares dropped 3.7% to $327 in pre-market trading.
The big investment bank pointed to a "significant decline in industry-wide completed mergers and acquisitions transactions".
Net income came in at $3.1 billion, down 19 percent from the year-ago period on a five percent drop in revenues to $12.2 billion
The new venture will be launched in 2024.
Electric Vehicles now make up one out of four car sales in China, the world's largest car market. Local brands command 81 percent of the EV market in China.
Executive Ralf Brandstaetter said the move was a key step of the group's "in China, for China" strategy.
BRUSSELS, BELGIUM - Environmental groups lodged a lawsuit against the European Commission on Tuesday to challenge its definition of natural gas...
The lawsuit over gas was launched by WWF, ClientEarth, Transport&Environment and the German NGO BUND.
Greenpeace, sued the EU executive separately for deciding that nuclear energy was worthy of its sustainable investment label.
The bank said its total operating income grew by 5% in Q1.
Provision charges have reduced by 91% in Q1 compared to Q1 2022 as the "bank improved its portfolio underwriting in higher quality assets and achieved higher recoveries".
Its capital base increased by $150 million through the issuance of AT1 capital instrument which has raised the bank’s capital adequacy ratio to 19.3%.
Move after GSK demerged its consumer healthcare unit.
GSK has agreed to buy Quebec-based biopharmaceutical Bellus Health Inc. for $14.75 per share, the British drugmaker said in a statement.
Chronic cough is defined as a persistent cough that lasts more than eight weeks and affects an estimated 28 million people worldwide.
Firm announced that it would slash 8,500 jobs worldwide.
Ericsson said it expects customers "to remain cautious" with investments and continue to adjust their inventories in the second quarter.
Sales rose 14 percent but were flat when adjusting figures to take currency exchanges and other parameters into account.
The company paid a total of $35.56m in dividends for 2022.
Agthia Group recently reported the Group Net revenue of AED 4.07 billion, up 33 percent YoY, while the net operating income grew 36 percent YoY.
The Group net profit attributable to shareholders grew 14 percent YoY to AED247 million.
Sustainable Aviation urged the UK government to take "urgent" action to support investment in carbon-cutting innovations, pointing to the provision...
Publishing an update to its Net Zero Carbon Road Map, industry body said, "the increased cost of decarbonising aviation will inevitably reduce passenger demand"
The aviation industry produces high levels of both carbon dioxide and non-CO2 emissions that contribute to climate change, according to scientists
Tokyo, Japan--Abu Dhabi National Oil Company has signed two agreements with Japanese partners to strengthen the low-carbon hydrogen value chain between...
One of the agreements, with Kawasaki, aims to explore the production, liquefaction, and transportation of hydrogen to key global markets
The deal comes as countries around the world ramp up efforts to reduce carbon emissions and meet the goals of the Paris climate agreement
Riyadh, Saudi Arabia--ACWA Power will construct a 1,000 megawatt solar power plant in Iraq, the first clean energy project in...
The joint venture project, according to Iraqi minister, will be developed in Central Iraq’s Najaf city, around 160 km south of the capital
In 2021, Iraq signed a contract with PowerChina to build 2,000 MW solar plants in the nation to fulfill its growing demand for electricity