The Chinese EV giant's net profit was $5.55 billion for 2024.
DEWA had posted a net profit after tax of $1.96 billion for the full year 2024.
The emergence of interoperable central bank digital currencies may lower costs and reduce settlement risks, but may hit bank revenues...The emergence of interoperable central bank digital currencies may lower costs and reduce settlement risks, but may hit bank revenues from cross-border transactions, warns Moody's
Although CBDCs promise faster, cheaper, and safer services, they could diminish banks' roles in the new economic landscape, affecting revenues from cross-border payments, it adds
Several factors contributed to the fall in UAE markets, including a decline in oil prices, worries about multinational banks' health.The primary index of the Abu Dhabi Securities Exchange fell by 0.5 percent, while the Dubai market's main index dropped by 0.9 percent.
In Dubai, losses in the industrial and financial services sectors led to a 0.5 percent drop in the main index on Monday.
- Manchester United have received a second Qatari bid to buy the English football giants, British media reported. The reports said...
Bidders were initially told they had until 2100 GMT on Wednesday to submit new offers, but reports say that has been extended.
No figures have been revealed but one or more of the initial bids were understood to be in the region of US$5.5 billion
CHENNAI, INDIA - The UAE spoke on food and energy insecurity and their implications in the second Framework Working Group...The UAE delegation highlighted emerging uncertainties in the finance sector.
The delegation discussed effective ways to promote global financial stability.
BRUSSELS, BELGIUM - The European Union and Germany on Saturday said they had struck a deal after a dispute over the...A landmark deal to prohibit new sales of fossil fuel cars from 2035 is key to the bloc's ambitious plan to become a "climate-neutral" economy by 2050.
Germany demanded that the EU provide assurances the law would allow the sales of new cars with combustion engines that run on synthetic fuels.
- Cook, who is in China to attend the high-profile China Development Forum, said "Apple and China grew together," during an...
Cook's visit comes as Apple, the world's biggest company by market value, is trying to move production out of China
The CEO has pledged to increase Apple's spending on its rural education program in China to 100 million yuan ($15 million)
The market for electric cars, solar and wind energy, green hydrogen is expected to quadruple in value by 2030 to...Trade in green goods grew by four percent in the second half of 2022, reaching a record $1.9 trillion in 2022
The market for electric cars, solar and wind energy, green hydrogen is expected to quadruple by 2030 to reach $2.1 trillion
The shares fell on the lender's rising cost of default cover.The lender's shares tanked more than 14 percent on the Frankfurt Stock Exchange in early trade
German Chancellor Olaf Scholz said the European banking system was "stable", with strict rules and regulations
Doha, Qatar--Qatar's General Tax Authority (GTA) has extended the deadline for submitting the tax return for 2022 for all entities...The GTA however has excluded companies operating in petroleum operations and petrochemical industries, besides taxpayers who have accounting periods different from the tax year
The authority maintained that it has always emphasized the principle of tax compliance, stressing the importance of the commitment of all firms to submitting tax returns on time
Following last month's rail tragedy, Greece's prime minister said that he would discuss with Italy safety improvements on Geek trains...The prime minister said that his Italian counterpart Giorgia Meloni accepted an invitation to talks in Athens before the Greek general election in May
Late last month, two trains collided head-on after running on the same track for several kilometers (miles), killing 57 people
