But its Q1 figures exceed a forecast by Edmunds
From an institutional investor-based viewpoint, it is becoming of interest more now than it ever has been. And that's a...
ByteDance's success in China's highly competitive internet sector has been largely thanks to its popular short video app Douyin.The reasons for the losses are unknown, but Zhang is still the second-richest entrepreneur in the world under the age of 40.
Zhang co-founded ByteDance in Beijing in 2012, but resigned from the group in 2021 in the midst of regulatory tightening.
The economy committee of the National Council, the lower house of parliament, asked the government for an analysis of the...The emergency takeover by UBS has sparked unease and criticism within Switzerland, where Credit Suisse was a pillar of the country's totemic banking sector.
Following a string of scandals, the collapse of three US regional banks in March left Credit Suisse looking shaky amid fears of contagion and shares nosedived.
Dubai, UAE -- Dubai recorded real estate deals worth AED2.3 billion ($626 million) on Wednesday, according to Dubai Land Department....The deals included 502 sales transactions worth AED1.44 billion, in addition to 95 mortgage deals of AED898.52 million.
The sales included 465 villas and apartments worth AED1.1 billion, and 37 land plots worth AED340.65 million.
A continued slowdown in almost all the world's advanced economies is expected to drag global growth below three percent this...Global growth almost halved last year to 3.4 percent as the impact of Russia's invasion of Ukraine rippled through the world economy.
Asia's emerging markets are expected to see substantial increases in economic output with India and China to account for half of all growth.
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed enhancing cooperation...DEWA is implementing clean and renewable energy and water desalination projects.
The firm attaches great importance to research in sustainable and renewable energy.
Dubai, UAE -- The Central Bank of the UAE (CBUAE) issued a new banknote of AED1000 denomination and made of...The new banknote will be available at banks and exchange houses from 10 April 2023.
It will be in circulation alongside the current AED1000 note whose value is guaranteed by the UAE law.
"It makes a lot of sense for us, as the Chinese market keeps growing, to be serving local for the...The framework accord for the new site was later signed by Faury at a ceremony attended by Macron and Chinese President Xi Jinping, an AFP journalist saw.
The new assembly line in Tianjin for Airbus’s hugely popular A320 medium-haul jets will begin operations in late 2025.
- Dubai, UAE – UAE’s Ministry of Finance has announced a decision on Small Business Relief (SBR), which is aimed at...
The decision is also aimed at supporting other small or micro businesses by reducing their corporate tax burden and compliance costs.
The Relief will not be available once a taxable person exceeds the AED3 million revenue threshold in any tax period.
- Shareholders of both banks had no say in the mega-merger, which was engineered by the Swiss government, the central bank...
UBS chairman told the bank's annual general meeting in Basel that although the $3.25-billion takeover was sprung upon them, it would offer overall stability
Colm Kelleher said the deal was expected to close within a few months and would preserve the critical financial sector as a pillar of Swiss national prosperity
- Abu Dhabi, UAE--Abu Dhabi Future Energy Company (Masdar) announced today it has achieved financial close on three solar photovoltaic (PV)...
The company will begin construction on the plants at once, which will have a combined capacity of around 900 megawatts
Under the ETAF initiative, a climate finance paltform, Masdar and AIIB have committed capital to the Uzbekistan projects
