Amazon and big tech peers Microsoft and Google saw their stock prices fall on concerns over high AI investment costs....
- The company said it will maintain a $1.3bn dividend for 2025.
Ras Al Khaimah, UAE-- Ras Al Khaimah Economic Zone (RAKEZ) welcomed over 4,200 new companies to its business community in...The economic zone recorded a 206 percent growth in new general trading companies, with 413 licenses issued.
Companies operating from RAKEZ also witnessed exponential growth in 2022, with 160 companies expanding their operations in various sectors.
It posted profit of $2.9bn in the final three months of last year.The company said it would take a one-time $300 million charge in its first quarter this year
It announced late last year that it will invest $20 billion in semiconductors, quantum computing and other cutting-edge technology in New York state
The board of directors has proposed a cash dividend of 40%The earnings per share (EPS) amounted to QR 0.64 as of December 31, 2022 versus EPS of QR 0.59 in 2021
The board of directors has proposed a cash dividend of 40% of paid-up share capital after the approval of QCB
The talks for the merger have not yielded a "common vision."According to a statement, the two groups have decided to end negotiations and to withdraw completely from the proposed merger partnership deal
The potential merger would have created one of the largest local insurance companies with highly competitive potential and financial strength
According to central bank's statistics, Banks’ investments rose in the first eleven months of 2022 by $10 billion or 8...According to central bank's statistics, Banks’ investments rose in the first eleven months of 2022 by $10 billion or 8 percent, compared to $129 billion in 2021
Securities that are debts to third parties, or bonds, accounted for the largest share of banks’ investments by over 49.1 percent, reaching $68 billion up to November 2022
The boost is seen as key for its long-term growth plans.The rating upgrade follows two major investments in 2022 at DP World’s flagship UAE assets: Jebel Ali Port, Jebel Ali Free Zone, and National Industries Park
According to Moody’s, DP World’s diversified global port operations led to the improved rating
The bank recorded an increase of 26.6 percent.The bank also reported an operating profit of $272 million in 2022, an increase of 17.4 percent from the previous year
The bank also reported an operating profit of $272 million in 2022, an increase of 17.4 percent from the previous year
The area of land used for opium poppy cultivation expanded by a third to just over 40,000 hectares in 2021-22...The UNODC estimates Myanmar's opium economy is worth around $2 billion -- the equivalent of up to three percent of the country's GDP in 2021
A combination of the pandemic and the aftermath of the coup hammered Myanmar's economy with an 18 percent contraction in 2021, according to the World Bank
The bank's net profit rose to $93 million in 2022.Net interest income and net income from Islamic financing and investment activities grew 29.8 percent to $327 million
Income from investments and Islamic instruments stood at $5 million
Looking to develop offshore hydrocarbon sites, Libya's National Oil Corporation has signed an $8-billion deal with Italian energy company ENI....Libya sits atop Africa's biggest oil reserves but has been engulfed by conflict since the 2011 revolt that toppled longtime dictator Moamer Kadhafi
Italy has been scrambling to find alternatives to Russian energy since Moscow's invasion of Ukraine, and Italian Prime Minister Giorgia Meloni is set to visit Tripoli
