The dip occurred amid lower production during factory upgrades.
The property giant attributes loss to falling sales and shrinking profit.
The net profit was down 78% compared to the previous quarter.The revenue increased by more than 65 percent year-on-year to 197 million riyals from 119 million riyals in Q1 2022.
The company’s accumulated losses reached 33% of share capital due to “applying the international accounting standards and the lack of liquidity in general.
Major advertisers suspended Twitter activity after Musk took over.In January 14 of the top 30 advertisers on Twitter stopped advertising on the platform since Musk took charge on October 27.
Musk's leadership has also cooled Twitter's remaining users, with Insider Intelligence forecasting a two minute drop in time spent on the platform to 34 minutes per day.
Tesla employees "circulated recordings of Tesla customers in private and embarrassing situations, without their consent," courtesy of sophisticated camera systems...San Francisco resident filed the suit in federal court, in the wake of a Reuters report citing former Tesla staff who said video or pictures had been accessed from people's cars
Cameras in vehicles captured "highly-invasive videos and images" which were used for "the tasteless and tortious entertainment" of Tesla employees, the suit maintained
Most of the participants, in the poll from as far away as Egypt and Lebanon, picked up Dubai to celebrate...Dubai has been attracting young travelers in droves, thanks to its infrastructure, cleanliness, beaches, and high levels of safety
Qatar has seen an influx of tourists, with a record number already being registered in the first two months of the year
Successful business leadership requires that we innovate and embrace change. This means a commitment to seek paths untrodden, embracing new...Increasingly, the mind is the biggest soil that must be mined, sowed, and tilled as the industries of the future require ideas, creativity and intelligence
Successful business leadership requires that we innovate and embrace change and this means taking the roads less travelled, and willingness to take risks
Abu Dhabi, UAE - Abu Dhabi Quality and Conformity Council (QCC) has made strides in developing the quality infrastructure of...In 2022, the Council approved 26 new technical documents, reviewed 22 draft specifications and technical regulations.
The report said that the council has conducted over 5 million laboratory examinations since 2014, 606 main services and over 2,394 sub-examinations.
BAGHDAD, IRAQ - The World Health Organization (WHO) affirmed it is likely to support Iraq in the localization of its...The WHO official said the organization has a plan with Iraq's health ministry for seven years to advance the health reality.
He said that "coronavirus testing laboratories have increased from one laboratory to more than 70 laboratories.
- By the end of 2022, the UAE was expected to attract more than 4,000 high-net-worth individuals. Around 25 percent of...
The UAE alone accounted for more than 48 percent of the $143 billion in real estate sales in the GCC region.
Numerous celebrities—including the likes of Brad Pit, Madonna and Giorgio Armani—have already invested into Dubai’s real estate market prior to the pandemic.
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) which is listed on the Dubai Financial Market (DFM) on Monday...DEWA general assembly was chaired by Matar Humaid Al Tayer, Chairman of the Board of Directors of the utility.
Saeed Mohammed Al Tayer, MD and CEO of DEWA and members of the Board of Directors also took part in the meet.
The change in how Twitter refers to Washington-based National Public Radio happened quietly overnight Saturday and comes after the network...Elon Musk's social media network has applied the label to BBC's Twitter account, which is funded predominantly by British households paying a license fee
The decisions will deamplify tweets from both companies, limiting their reach on a platform that remains a major communication tool for media outlets
