The total dividend paid to shareholders in 2024 $1.3bn.
The two companies will establish a joint venture company.
ZURICH, SWITZERLAND - Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be...The 167-year-old bank's final AGM was the first chance Credit Suisse shareholders had to voice their frustrations.
"I can understand the bitterness, the anger and the shock of all those affected," Credit Suisse chairman Axel Lehmann said.
The packaging plant will be one of the largest in the world.The company signed an MoU with the kingdom's Ministry of Investment and the Ministry of Industry and Minerals for the project that will cost 1 billion Saudi riyals ($266 million).
With an expected employment to the tune of 1200, the project will also help Hotpack to acquire a significant market share in Saudi Arabia, the statement added.
Abu Dhabi, UAE - AD Ports Group on Tuesday announced the signing of a General Corporate Facility agreement with a...The multi-currency facility includes three tranches amounting to EUR 600 million, US$620 million, and AED2,863 million
The demand for the facility was overwhelming, with commitments of US$7.4 billion in total from the participating banks
A total of 3049 new companies joined DMCC in 2022.This is DMCC's best performance in Q1 since its inauguration in 2002, marking a 8.4% increase year-on-year.
The best performing sectors for DMCC was its traditional core markets, which showed strong results in businesses from various countries.
The Kremlin said oil output cuts by Russia, Saudi Arabia and other major producers that have caused prices to soar...Saudi Arabia and other major oil producers announced Sunday a production cut of more than one million barrels per day.
Russia said it would extend until the end of the year its own voluntary production cut of 500,000 barrels per day.
BEIJING, CHINA - Chinese authorities have begun an investigation into leading US memory chipmaker Micron Technology, a decision Beijing's foreign ministry...The probe escalates an already fierce battle between US and China for supremacy in the field of semiconductors.
US authorities have in recent years sought to prevent the country's advanced chip technology from being exported to China.
- Sunday's move "caught the markets off guard" and reversed recent oil-price gains, noted ActivTrades analyst Ricardo Evangelista. "With the fizzling...
Crude futures surged almost eight percent at one stage after multiple members of the OPEC+ exporters' alliance unexpectedly slashed production
The shock reduction, unveiled Sunday by Algeria, Iraq, Kuwait, Oman, Saudi Arabia and the UAE, will start in May and last until the end of the year
Riyadh, Saudi Arabia -- The Authority for Industrial Cities and Technology Zones (MODON) has signed an agreement with GE whereby...Under the pact, initiatives will be launched to support and empower entrepreneurs and SMEs
The company is also keen to boost its partnerships with major global manufacturers and companies
Beijing, China--Investment bank China Renaissance suspended trading in its Hong Kong-listed shares on Monday, saying the disappearance of its chairman meant...The bank said it could not publish its audited 2022 results in the absence of its chairman having gone missing
Bao Fan, the group's billionaire chairman and executive director, is among the latest high-profile financiers to fall foul of the authorities
The New York Times was among news media companies, firms and charities that had already lost their blue tick and...The New York Times said it would not pay for a verified business account and would subscribe for a blue tick only for journalists
As of Sunday, the organization's main account, with nearly 55 million followers, had lost its gold checkmark
