The company suffered from boycotts against the policies of Elon Musk.
The clean energy giant posted $7.8bn in revenue for 2024.
Around 27-39 companies in the Gulf region are expected to come out with IPOs in the first few months of...Around 27-39 companies in the Gulf region are expected to come out with IPOs in the first few months of this year with the Kingdom and UAE leading from the front, reports suggest.
Saudi and the UAE have also taken substantial measures to facilitate IPO operations in their markets in terms of facilitating business and performing IPOs, they highlight
- ABU DHABI, UAE - One of the world's biggest solar plants will become fully operational this year in the oil-rich United...
The UAE, a major oil exporter, is spending billions to develop enough renewable energy to cover half of its needs by 2050.
State-owned Emirati companies TAQA and Masdar own 60 percent of the project, which they describe as the world's largest single-site solar plant.
Dubai, UAE -- Dubai real estate market recorded deals worth AED2.1 billion on Tuesday, Dubai Land Department said. The deals...The deals included 471 sales transactions worth AED1.87 billion, in addition 70 mortgage deals of AED122.36 million.
The sales included 451 villas and apartments worth AED1.56 billion, and 20 land plots worth AED316.57 million.
The bank’s net profit for Q4 2022 was up 23%.The bank's net interest income was to the tune of AED 10.194 billion, an increase of 15 percent compared to 2021.
The Board has recommended a dividend of AED 0.55 per share, equivalent to 60 percent of net profit.
Tesco plans to cut about 1,750 management roles.Tesco recently posted bumper revenue for the key Christmas season, even as customers switched to less expensive rivals.
Tesco has benefitted from passing on some of its own rising costs to consumers, many of whom appear willing to stay loyal to the group.
- Results reflect higher production of oil, natural gas.
The huge profits by oil companies have sparked pushback from governments.
In 2022, ExxonMobil put $29.8 billion into shareholder distributions, evenly split between dividends and share repurchases.
"2022 was a truly dramatic year in the world. It affected financial markets and hence it also affects our global...The fund has shares in more than 9,000 companies in nearly 70 countries, including Apple, Microsoft and Alphabet, the parent company of Google.
At the end of 2022, the value of the fund, which is financed by taxes paid by the nation's oil and gas industry, still amounted to a whopping 12.43 trillion kroner.
Bank said it would pay out US$5.6 billion to shareholders.The news sent the bank's share prices zooming more than eight percent higher in morning trading.
The European Central Bank has been lifting interest rates since last year to tackle inflation and tame consumer price growth.
Abu Dhabi, UAE-- The first auction of the UAE treasury bond program in 2023 has been oversubscribed by 6.2 times,...In 2022, the Ministry of Finance, the issuer, had issued bonds totaling AED 9 billion across tenors of two years, three years and five years.
The auction has been oversubscribed by 6.2 times, receiving bids worth $1.76 billion.
Net profits at the banking giant rose 23% in Q4 of 2022.For the full year 2022, UBS meanwhile saw its net profit inch up to $7.6 billion from $7.5 billion a year earlier.
As revenues generated by global markets dwindled, UBS's investment bank saw revenues shrink 24 percent in the fourth quarter.
