- Its net profit recorded a drastic drop to US$5.2 billion.
Its rotating chairman said that during 2022 Huawei's operations have been hit by a challenging "external environment and non-market factors"
In the US, Britain and Japan, the company's 5G gear has been blocked over security concerns, which Huawei has attempted to dispel
- ADNOC sold 5% stake in ADNOC Gas to investors through an IPO.
In an initial public offering early this month, the energy giant raised $2.5 billion by selling a 5 percent stake in ADNOC Gas to investors
The company in a bourse filing revealed that its pro forma adjusted core earnings for the last year were $8.7 billion, up from $6.6 billion in 2021
- Riyadh, Saudi Arabia - The Saudi Ministry of Municipal, Rural Affairs, and Housing and the Ministry of Investment have signed...
Naver will help the Saudi Arabian government with digital transformation projects, possibly involving robotics
The company pitched its smart building technology used in the Naver 1784 building during the trip to Saudi Arabia
- Riyadh, Saudi Arabia--Saudi Arabia has presided over the 26th session of the Commission on Science and Technology for Development (CSTD)...
The participants deliberated on ways to develop science, technology, innovation for the environment, and development of society
The session also took a review of the progress made in implementing the World Summit on the Information Society (WSIS) outcomes
- Women earn on average nearly 13 percent less per hour than men for the same work in the 27-nation European...
Other rules stipulate that if a company has at least 100 employees, they must publish information regularly on the gender pay gap.
Companies must also negotiate with staff representatives if there is a discrepancy of five percent. Those who break any of the rules face sanctions, including fines.
- London, United Kingdom - Britain on Thursday warned against the threat of protectionism as it slammed the United States for leading...
UK Finance Minister Jeremy Snape said the threat of protectionism is making a comeback in the world in the form of subsidy.
US President Biden has launched $370bn initiative of subsidies for green energy and tax cuts for US manufactured e-cars, batteries.
- Petrofact and Hitachi Energy secured a $14.1bn energy deal.
European electricity grid operator TenneT awarded the pair multi-year projects to expand offshore wind capacity in the Dutch-German North Sea.
Shares in Petrofac soared 58% to 77.5 pence after the group's outgoing CEO Sami Iskander said the deal would "deliver affordable clean energy for millions of European homes".
- Abu Dhabi, UAE - The AD Ports Group has launched a new weekly shipping service that facilitates commercial and logistic...
Through the new service, AD Ports aims to enhance commercial and logistic connectivity with Qatar and Kuwait.
AD Ports Group would provide customers with a digital appointment booking system for the new service through the Advanced Trade and Logistics Platform (ATLP).
- Dubai, UAE -- Saudi Arabia's unemployment rate dropped in the fourth quarter of 2022, compared to the previous quarter, mainly...
Legislation and Emiratization programs, job support and follow-up of establishments from all relevant government agencies has led to this rate of unemployment.
GASTAT said Saudi women's unemployment rate decreased from 20.5 percent in the third quarter of 2022 to 15.4 percent in the fourth quarter.
- The company's profit more than doubled in the first quarter.
Shares in H&M surged following the announcement, rising 9% in the early hours of trading on the Stockholm stock exchange
The world's second largest clothing retailer posted a net profit of 540 million kronor ($51.9 million) for its first quarter





















