Emirates expects first 777X delivery in H2 2026
Boeing had pushed back the first delivery to 2026 from 2025.Company News Business
Sweden’s gaming group Embracer divests Russian assets
Stockholm, Sweden - Swedish gaming group Embracer, which owns the Borderlands franchise and the Tomb Raider license, announced on Thursday that...Beacon Interactive, which is controlled by Saber Interactive co-founder Matthew Karch, will pay $247 million for the unit, according to Embracer.
Embracer said the divested assets included "38 ongoing game development projects," amounting to a book value of 2.3 billion kronor ($225 million).
Saudi inflation rises to 1.8% in February
RIYADH, SAUDI ARABIA – Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General...The cost-of-living index for February rose to 110.64 points, according to the base year 2018, from 108.67 points in the same month a year earlier.
Inflation is measured by the percentage change in the cost of living between the current period and the corresponding period of the previous year.
Former US treasury secretary says preparing buyout of TikTok
Washington, US - Former US Treasury Secretary Steven Mnuchin on Thursday said he is putting together a team of investors to...Mnuchin, former US Treasury Secretary, said that TikTok was "a great business and I’m going to put together a group to buy" the embattled app.
"This should be owned by US businesses. There’s no way that the Chinese would ever let a US company own something like this in China," Mnuchin said.
Ajman records real estate transactions worth US$195m in February
AJMAN, UAE – Director-General of Ajman’s Department of Land and Real Estate Regulation Eng. Omar bin Omair Al Muhairi said...A total of 129 real estate valuation transactions took place in the emirate in February.
There was a rise of 44.7 percent in commercial property value in February compared to January.
AstraZeneca to buy Amolyt for $1bn
It will pay $800 million upfront for the Lyon-based company.The London-listed group added that the transaction would bolster its rare diseases division Alexion.
AstraZeneca's share price was up 0.1 percent in early morning London trading following the news.
Brighter US economic outlook fuels global oil demand growth forecast
Rising fuel needs of ships rerouted away from the Red Sea also to increase demand, the International Energy Agency said....The IEA said world oil demand growth is now forecast to increase by 1.3 million barrels per day (bpd) this year, 110,000 bpd higher than in its previous monthly market report.
Global demand is also driven by the "comparatively buoyant economy" of the US where oil consumption is gaining momentum on rising petrochemical operations, it said.
DP World 2023 profit is $1.5bn
The company's revenue grew 6.6 percent to $18.25 billion.DP World logged a 13 percent decarbonization in Scope 1 and Scope 2 carbon emissions.
The cash generated from the company's operating activities rose to $4.5 billion in 2023.
UAE, Hungary ink pact to enhance trade, investment ties
ABU DHABI, UAE – The United Arab Emirates and Hungary have signed an economic cooperation agreement aimed at stimulating trade...The UAE-Hungary economic cooperation agreement aims to deepen bilateral ties between the two nations and drive growth.
The agreement between the two countries also aims to boost non-oil trade, which has seen a significant increase in recent years.
Foxconn net profit jumps 33%
Its net profit for October-December rose to US$1.6bn.The company said net profit for October-December rose to Tw$53.1 billion (US$1.6 billion)
The strong figures follow better-than-expected profits in its third quarter thanks to rising demand
OpenAI partners with Le Monde and Prisa Media
Prisa Media chief executive Carlos Nunez called the OpenAI alliance a "step toward the future of news" where technology and...OpenAI will be able to use content from Le Monde and Prisa Media publications including El Pais, Cinco Dias, and El Huffpost to train the models powering its AI
In the coming months, ChatGPT users will be able to get summaries of news content from the publishers along with links to original articles, according to OpenAI
