Dow, S&P 500 hit fresh records, but Nasdaq ticks lower
The tech-rich Nasdaq slipped by 0.3 percent to 15,996.82 -- a day after surging by 3.0 percent following strong earnings...Business
UAE MoIAT, Sharjah FDI Office ink MoU to promote investment
SHARJAH, UAE - The UAE's Ministry of Industry and Advanced Technology (MoIAT) and Sharjah Foreign Direct Investment Office (Invest in...The aim of the MoU is to support sustainable economic growth within a supportive economic environment.
The MoU enhances cooperation between MoIAT and the Sharjah Foreign Direct Investment Office (Invest in Sharjah), through work and partnerships
International Defense Conference 2023 to begin in Abu Dhabi
Abu Dhabi, UAE - The International Defense Conference 2023 will be held on 19th February at the ADNOC Business Centre...The event will shed light on the rapid development of artificial intelligence and advanced technologies.
The previous edition of IDC was held in 2021, brought together 24 international experts, over 400 on-ground participants.
Dubai Chamber encourages firms to apply for parent-friendly label
DUBAI, UAE - As many individuals in the UAE face challenges in balancing work and family obligations, parent-friendly workplace policies...Working families in the UAE often need to make difficult trade-offs to fulfill their commitments.
Research has shown that flexible working options are important to 90 percent of the UAE workforce.
Amid record turnout, deals worth $9 billion made at LEAP23
Riyadh, Saudi Arabia–- Investments, launches and announcements valued at more than $9 billion were made at the 2nd edition of...A record 300,000 people from more than 100 countries visited the event, making it the largest global gathering for technology and digitization developments in terms of turnout.
LEAP’s organizers announced that next year’s edition will be held from March 4-7. About 1000 international investors were hosted this year.
Industry experts discuss fintech at Sharjah Investment Forum 2023
SHARJAH, UAE - Financial innovation and technology trends in global financial services sector were in the spotlight during a panel...Fintech and traditional financial institutions are intertwined and depend on each other.
Fintech reaches populations who may not have access to traditional banking system.
Saab 2022 net profit at $211m
Revenue rose as countries boost military spending.Order intake for the Swedish company totaled US$6.1 billion in 2022, a 45 percent increase from the previous year.
They soared by 144 percent in the fourth quarter alone to US$2.8 billion year on year.
Russia to slash oil output by 5% over Western price cap
Russia is part of an alliance with OPEC that meets regularly to decide on oil output levels. As a result...The international benchmark, Brent North Sea crude, leapt 2.3 percent to $86.48 per barrel. New York contract WTI soared 2.5 percent to $80.01.
"Russia will voluntarily reduce production by 500,000 barrels per day in March. This will help restore market relations," Deputy PM Alexander Novak said.
Multiply Group 2022 net profit
Growth in profits driven by investments and rise in operating portfolio.The Group said that most of its subsidiaries showed growth in operating profits in 2022.
It deployed more than AED12 billion in 2022, making investments in high-growth industries such as energy.
ADEO signs $121m green finance agreements with Angola
Abu Dhabi, UAE--- The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), signed...The financing is provided in cooperation with Standard Chartered Bank.
One relates to the acquisition of an analytical platform, main data center, backup data center and national cloud platform to strengthen the Angolan IT sector.
Meta completes virtual reality deal after US court win
A spokesperson for the Federal Trade Commission told AFP on Thursday that it would not appeal the February 1 decision....The courtroom loss was seen as a setback for FTC head Lina Kahn, who has been an advocate of imposing tougher scrutiny on Big Tech companies on antitrust matters
The FTC filed a complaint in federal court in July, arguing that Meta was trying to buy advantage in the VR market with the purchase of Within, maker of fitness app "Supernatural."
