EU excuses Apple and Microsoft products from tougher tech curbs
Brussels, Belgium - Apple's iMessage and Microsoft's Bing search engine got a reprieve from tougher EU rules curbing how tech titans...Business
Adidas picks new CEO
The new CEO is being given a five-year contract, the firm said.Bjorn Gulden, the Norwegian former professional football and handball player will take on the role from January next year
He has held senior roles at companies including shoe retailer Deichmann and clothing and sports equipment company Helly Hansen.
Binance to buy rival FTX
No financial terms were disclosed of the proposed deal.Bitcoin slid more than five percent, trading back under $20,000 before recovering.
FTX's FTT token slumped 25 percent to its lowest levels since early 2021.
Zain Group 9M net profit $492m
Revenue was up 12% to reach $4.2 billion for the same period.An interim cash dividend of 10 fils, totaling $140 million was distributed in September 2022.
The company added 3.5 million active subscribers to a total of 52 million customers, a 7 percent year-on-year growth.
Global stocks move higher as US voters cast ballots
Global stock markets mostly moved higher as Americans headed to the polls in midterm polls. The dollar got back some...Investors are waiting on US inflation data due on Thursday for a pointer on the interest path ahead.
The broader S&P 500 and tech-heavy Nasdaq wobbled around before moving higher.
Jordan imported 405k barrels of Iraqi crude in October
AMMAN, JORDAN - Jordan imported about 405,550 barrels of crude oil from Iraq in October, an average of 13,000 barrels...Jordan had imported roughly three million barrels of Iraqi crude from September 2021 to October 2022.
The crude oil was transported by 11,565 Jordanian and Iraqi tanker trucks.
UAE, Russia discuss ways to bolster medical collaboration
DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) discussed with the Russian Ministry of Industry and Trade ways...The two sides discussed ways to encourage more Russian companies to transfer some of their production lines to the UAE.
The two sides discussed exchange of medical expertise and ways to expand partnerships in the pharmaceutical sector between UAE and Russia.
Ahlibank 9M net profit $65m
Customer deposits up by 9.2% to reach $5.79 bn.Net loans, advances and financing grew by 7.3 percent, reaching RO 2.538 billion.
The bank's operating income and expenses also increased to the tune of 13 percent (RO 67.93 million)
Bayer Q3 profits at US$544m
Strong performance of the firm's agrochemicals division helped.Bayer reported US$84.9 million in profit in the third quarter of 2021.
Sales rose by 5.7 percent, to more than US$11.18 billion.
ADNIC 9M net profit $72m
Net investment and other income reached AED93.8m.Sheikh Mohamed bin Saif Al-Nahyan, Chairman of ADNIC, said ADNIC's gross written premiums growing by 32.4 percent to AED4.29 billion.
"The performance was driven by robust growth in the commercial division of 50.7 percent, and stable growth in consumer lines of 10 percent," he said.
UAE-India manpower technical panel discuss collaboration
DUBAI, UAE - The UAE-India joint technical committee for manpower held its first meeting where it explored areas of collaboration...Both parties highlighted their keenness to enhance cooperation to ensure a safe, organized and legal transition of Indian laborers.
The UAE delegation presented key insights on its job market, which is one of the preferred global destinations for work.
