Trading floors across the globe were overcome by waves of further selling after last week's sharp losses, with Trump telling...
Despite the market turmoil, Trump insisted: "my policies will never change". Wall Street stocks fell more than two percent at...
Revenue climbed by 17 percent to a record US$31.8 billion.Electric cars accounted for 11 percent of sales last year, compared to four percent in 2021.
Volvo Cars accelerated towards the aim of becoming a fully electric car company by the end of the decade and climate neutral by 2040.
The EBITDA grew by 15 percent to reach AED3.52 billion.Total fuel volumes continued to increase during the year, recording an 8 percent year-on-year growth through 2022 – with commercial fuel volumes up by 19 percent.
The Company’s Board of Directors has recommended distributing a cash dividend of AED1.285 billion (10.285 fils per share), for the second half of 2022.
Profit was affected as demand for steel fell and production hit.ArcelorMittal took a $1 billion hit after suspending production at its Ukrainian factory in Kryvyi Rig.
The conflict "resulted in low levels of production, sales and income and created significant uncertainty about the timing and ability" of operations.
Riyadh, Saudi Arabia-- Saudi Arabia's industrial production index (IPI) for December 2022 witnessed a 7.3 percent increase compared to the...A surge in mining, quarrying, and manufacturing activity helped the growth in IPI.
Manufacturing activity also increased by 18.5 percent in December 2022 compared to the same period last year.
Its net profit jumped 61.7%, touching $2.69m in 2022.Its earnings per share (EPS) amounted to QR 0.173 as of December 31, 2022 versus EPS of QR 0.107 for the same period in 2021
Its board of directors has recommended to distribute cash dividends 5% of the capital to shareholders, equivalent to 5 dirhams per share
- Its profit rose to $42m during 2022 as against $38m in 2021.
Its earnings per share amounted to QR 0.32 as of December 31, 2022 versus earnings per share QR 0.29 for the same period in 2021
The net profit of the Doha Insurance surged 39.35% during 2022 to reach $28 million
- The two Gulf countries expect new strategy to result in a rapid economic transformation and offer new revenue stream, allowing...
The two Gulf countries expect new strategy to result in a rapid economic transformation and offer new revenue stream, allowing them to cut down reliance on crude oil income
The first Arab company to be dubbed a "unicorn" in the Arab world was Emirati "Souq.com," which received $300 million in funding in February 2016
Riyadh, Saudi Arabia--Investment and funding programs worth $580 million were announced on the third day of LEAP 23 Tech Conference,...WIRPO which specializes in technology services and consulting subsequently announced $110 million investment to expand the service of their cloud studios.
Damac Company announced the expansion of its investments in the Kingdom's big data centers with a total capacity of more than 55 Mega Watts.
Istanbul, Turkey---The Istanbul stock exchange announced on Wednesday that it would close for five days in response to this week's deadly...The last time it suspended trading was after a 1999 quake which killed more than 17,000 people.
The exchange cited an "increase in volatility and extraordinary price movements after the earthquake disaster" in its decision.
- Output slipped by 2% to 2.04 million barrels per day of oil equivalent.
Net profit more than tripled to $28.7 billion, boosted mainly by skyrocketing gas prices.
Equinor said it plans to invest $10-11 billion in 2023 and increase its oil and gas production by three percent.
