The Sukuk were offered in a five-year and a 10-year tranche.
Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.
Continuing with this week's losses to $45 billion after a US investment firm claimed it had committed "brazen" corporate fraud,...Adani Enterprises plunged nearly 20 percent over the day's trade in Mumbai, briefly triggering an automatic trading halt, before recovering slightly
Adani -- who now has an estimated fortune of $96.6 billion -- is considered a close supporter of Prime Minister Narendra Modi
Abu Dhabi, UAE - As part of the pan-Arab efforts to implement the joint Arab digital economy vision, launched by...Ahmed Abu Al Gheit, Secretary General of the League of Arab States; and Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade were present during the signing.
Members of the Executive Office of the Specialised Arab Federations Forum (SAFF) were also present during the meeting.
- Baghdad, Iraq - Iraq's Minister of Electricity, Ziyad Ali Fadel said the national grid has lost 7,500 megawatts in the...
Minister of Electricity Ziyad Ali Fadel said the MoU signed with Siemens will lead to the establishment of a station with a capacity of 400MW in Karbala.
He said the supply will improve by 30 percent in 12 days as gas supplies return to nomral.
The second round is a continuation of the first round negotiations, which were organized in Rabat, Morocco, in November 2022During the meeting, the two sides stressed the importance of concluding the agreement,
The Moroccan delegation was headed by Director General of Trade at the Moroccan Ministry of Industry and Trade Abdelouahed Rahal.
- Abu Dhabi, UAE– The General Administration of Abu Dhabi Customs has announced the provision for the possibility of clearing goods...
This move aims to facilitate customer experience, reduce effort and time, and provide digital customs services in accordance with international best practices.
The new feature allows non-resident individuals to clear their personal goods by creating a UAE Pass account through their passports.
The MoU is aimed at improving services at kingdom's airports.Menzies will provide all studies to SAL Saudi Arabia on the transfer of best practices globally to improve the level of passenger services and baggage management.
It also involves smooth passenger services, from issuing a boarding pass to take-off.
- The company reported a big drop in profits in 2022.
H&M was also set back by a historically strong dollar and increases in the costs of freight and raw materials
The group posted a 68 percent drop in net profit in 2022 to almost 3.6 billion Swedish kronor ($346 million)
LVMH is headed by French billionaire Bernard Arnault.LVMH sales have soared 23 percent to 79 billion euros ($86 billion) and net profit jumped 17 percent to 14 billion euros for 2022
The LVMH is Europe's most valuable company, with a market capitalization that soared to 400 billion euros ($430 billion) last week
Rome, Italy-- The Saudi Export-Import Bank has signed a memorandum of understanding with the Italian Export Credit Agency (SACE) which...The MoU was signed by EXIM Bank CEO Eng. Saad bin Abdul Aziz Alkhalb and Italian Credit Export Agency CEO Alessandra Ricci at her agency’s headquarters in Rome.
The MoU is expected to boost cooperation in the areas of professional development, transfer of knowledge of best practices in export credit,
Emirates NBD's profits climbed by 40% to $3.53 billion.The highest share of the overall profits was claimed by the country's main lender, First Abu Dhabi Bank which generated net profits of roughly $3.64 billion
Dubai Islamic Bank's net earnings increased by a record 26 percent Year-on-Year to $1.4 billion from $1.1 billion in 2021
