This is approx 78% of the company's net profit after tax.
Chinese carmaker BYD on Thursday vowed to conquer Europe with a new compact electric model and super-fast charging capability to...
Dubai, UAE -- The 27th Dubai World Cup, which begins on Saturday at the Meydan Racecourse, will see a total...The World Cup, which begins on Saturday at Meydan Racecourse, will see horses from 13 countries in the contest.
The Meydan Racecourse, in partnership with leading auction house Goffs, hosted the second Dubai Breeze-Up Sale on 21 March.
ABU DHABI, UAE - Abu Dhabi Securities Exchange (ADX) has appointed Emirates NBD Capital as a custodian. Emirates NBD Capital...Emirates NBD Capital obtained its custody licence from the UAE Securities and Commodities Authority.
The firm provides safe and secure solutions for investors to hold securities, such as stocks, bonds or other assets.
The UAE-based exchange house said the number of ordinary shares has been increased from 37.50 million to 56.25 million. But...Based on the previously announced price range of AED 1.00 to AED 1.03 per share, the size of the retail tranche will now be between AED56.3 million and AED57.9 million.
Al Ansari is Dubai's first IPO this year. The company expects to list and start trading on the Dubai Financial Market in April.
COPENHAGEN, DENMARK - Denmark has invited the Russian-controlled operator of the Nord Stream 2 pipeline to help recover a mystery object...Russian energy giant Gazprom holds a majority stake in the twin pipelines, with the rest owned by German, Dutch and French companies.
The Danish energy agency released a photo of the cylindrical object standing near the Nord Stream 2 pipeline at the bottom of the sea.
Dubai, UAE - ENOC Group on Thursday unveiled its five-pillar long-term growth strategy after having recorded its best performance ever...The group recorded a 60 percent increase in EBITDA last year in comparison to 2021
Its Strata marine lubricants arm recorded a 350% sales growth in the last two years
New Delhi, India--India's Patent Office rejected on Thursday US pharmaceutical giant Johnson and Johnson’s application to extend its patent on a...Rejecting Johnson & Johnson's application, Assistant Controller of Patents and Designs Latika Dawara said that it did not meet the requirements of India's Patent Act
The decision is likely to enable Indian manufacturers to begin work on generic versions of the drug once the primary patent expires in July
- It will slash 2.5% of workforce as a cost-cutting effort.
The firm expects to incur $1.5 billion in costs as a result of the downsizing, including $1.2 billion directly related to the layoffs
According to the company's recent annual report, it put the number of employees at 721,000 in 2022
Doha, Qatar--Doha port received on Thursday the cruise ship MSC World Europa carrying 5,613 tourists and a crew of 2,121....Qatar's tourism sector has recorded growth in recent years thanks to growing popularity in cruise tourism, making the country a favorite destination
Equipped with latest technology, MSC World Europa is one of the most innovative and eco-friendly equipment in the company's fleet
Earnings per share went up 15% to $2.3 cents.Earnings per share were up 15 percent from US$ 2 cents to US$ 2.3 cents
Shareholder equity increased 81 percent from US$ 1.1 billion to US$ 1.9 billion
The deal is designed to enhance Saudi digital transformation.Both will make a push for the kingdom's digital transformation in sectors like energy, petrochemical, and manufacturing
Saudi Arabia, according to a UN report in March, is ranked fourth globally in its level of preparedness in digital systems
