Lloyds Group profit is $6.2bn
High interest rates benefitted the British lender and banking sector as a whole.Company News Business
DEWA, SAP senior management discuss cooperation in Dubai
DUBAI, UAE - Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received Christian Klein,...DEWA MD and CEO highlighted the firm's projects and programs to anticipate and shape the future in line with the UAE Centennial 2071.
He emphasized on the importance of exchanging global best practices and experiences between the two sides.
UAE’s largest bank issues $600 million bond, second in 2023
Abu Dhabi, UAE---The First Abu Dhabi Bank, UAE’s largest bank, has issued a 5.25-year $600 million bond at US Treasury,...This marks FAB’s second dollar issuance in a space of 10 days following the $500 million RegS five-year Sukuk issued on 9 January 2023.
The bond received orders of $1.75 billion, meaning it was oversubscribed three times with 76 percent of the issue placed with high-quality investors outside the MENA region.
ASML posts yearly profit of $6.1bn
The profit in year 2022 is 4.4 percent lower than in 2021.The maker of lithography machines that print microchips, said it expects strong growth for 2023, with net sales rising more than 25 percent.
The United States restricted exports of semiconductor technology to China last year and wants the Netherlands and Japan to follow suit.
AD Ports, Tosyali sign MoU
They will collaborate in shipping, logistics and ports services.Potential joint investment in new port facilities to support Tosyali's export operations is part of the MoU.
Tosyalı is one of Türkiye’s largest private steel producers, which has operations in three continents.
Small businesses, big dreams: Iraq’s women entrepreneurs
The International Organization for Migration said in an October report that "prevailing customs and traditions... limit women's activities to their...Iraq's private sector is still embryonic, making more tedious and lengthy the steps to set up a company
Iraq has 13 million employment-aged women yet only around one million are working
Microsoft quarterly results saved by cloud computing
Microsoft chief executive Satya Nadella last week said he was laying off about five percent of the company’s workforce, just...Microsoft said overall sales rose just two percent in the October-to-December period, to $52.7 billion, the slowest rise in six years
Net profit of the tech giant landed at $16.4 billion for the quarter, down 12 percent year-on-year, according to its earnings release
Money from Middle East forcing Liverpool, Man Utd to seek new investment
The American Glazer family, United's owners, began looking for new investment with British billionaire Jim Ratcliffe's company INEOS entering the...The American Glazer family, United's owners, began looking for new investment with British billionaire Jim Ratcliffe's company INEOS entering the bidding process
Fenway Sports Group, Liverpool's owners, have also stated that they will "consider new shareholders" as the Anfield club struggles to qualify for the Champions League next season
Justin Bieber sells music rights for $200 mn
Contemporary stars including Justin Timberlake and Shakira have sold large stakes in their work - both also struck deals with...Hipgnosis did not publicly disclose terms of the deal, but a source close to the matter told AFP it was worth around $200 million
The company said they acquired Bieber's interest in his publishing copyrights to his 290-song back catalog - all of his music released prior to December 31, 2021
US sues Google over dominance of online ad market
In this latest suit, prosecutors took aim at Google's extremely profitable advertising business, asking that it be broken up to...The federal case follows state lawsuits against Google that have alleged it illegally dominates the markets for online search, advertising technology and apps on the Android mobile
The recent case is the second federal lawsuit against Google over alleged antitrust violations and the first since US President Joe Biden took office two years ago
Sharjah Taxi gets makeover
It will run under the motto,“we move people with ease”.The adoption of Sharjah Taxi’s new corporate identity is in support of directives of the emirate of Sharjah in adopting new, innovative and sustainable strategies
The Sharjah Taxi fleet includes approximately 750 meticulously maintained vehicles of various types and models
