Riyadh Season opens registration for SEVEN Concours 2024 global car auction
Riyadh, Saudi Arabia - The Riyadh Season has announced the commencement of registration for the SEVEN Concours 2024 exhibition, the...Business
Multiply Group reports $2bn in net profit for Q3 2022
The Group's Q3 2022 figures showed revenue of $29 million and gross margin of $38 million.The Group's Q3 2022 figures showed revenue of $29 million and gross margin of $38 million
The quarter saw continued sustainable growth across the Group's subsidiaries which grew by 67% in revenue and profitability
Apple reports solid profits on rising revenues
The tech giant's iPhone sales missed estimatesShares of Apple edged higher in after-hours trading, as the tech titan avoided a stumble akin to those experienced by Facebook parent Meta and Amazon
Profits edged up one percent to $20.7 billion, on an eight percent rise in revenues to $90.1 billion in Apple's fiscal fourth quarter ending September 24
Loans, investments, piles of his own cash: How Musk funded Twitter takeover
The 51-year-old ended up selling around $15.5 billion worth of Tesla shares in two waves, in April and in August.The 51-year-old ended up selling around $15.5 billion worth of Tesla shares in two waves, in April and in August
the South African-born billionaire will personally cough up a little more than $27 billion in cash in the transaction
Elon Musk takes control of Twitter, fires executives
Musk wasted no time sacking chief executive Parag Agrawal, as well as the company's chief financial officer and its head...The takeover came hours before the court-appointed deadline for Musk to purchase the social media network.
Following the takeover, Musk tweeted that the "the bird is freed," referencing the company's iconic avian logo
Emerging sectors are creating thousands of new jobs in the Kingdom, says Saudi Economy Minister
Saudi Arabia is focused on offering solutions that make global trade more predictable and reliable, says Faisal bin Fadhil Alibrahim...Saudi Arabia is focused on offering solutions that make global trade more predictable and reliable, says Faisal bin Fadhil Alibrahim at an event in Riyadh.
The Future Investment Initiative, held under the theme "Investing in Humanity: Enabling a New Global Order", concluded in Riyadh late Thursday
Seeking ‘healthy’ debate, Musk nears Twitter deal finish line
New York, United States---Closing in on his Twitter megadeal, Elon Musk said Thursday his goal is to enable "healthy" debate...The planned takeover has dismayed activists who fear a surge in harassment and misinformation under the unpredictable Musk, who himself is known for trolling other Twitter users.
But Musk said he realizes Twitter "cannot become a free-for-all hellscape where anything can be said with no consequences."
Markets mixed as investors digest ECB hike, US data
Volatile markets were mostly trading up after the ECB announced an expected hike to interest rates in the face of...The euro lost against the greenback on Thursday, after having traded above one dollar for the first time since last month on Wednesday.
After fluctuating for much of the day, Eurozone stocks were flat by late afternoon trading.
Emirates NBD profit rises 25 percent to $2.47 bn for Jan-Sept period
Q3 profit was AED3.8 bn, up 51 percent year-on-year, exceeding the $1bn mark.A record quarter for retail lending and customer transactions, together with improving margins, drove income 31 percent higher YoY to AED22.7 billion.
New corporate lending grew by AED24 billion in the first nine months of 2022 and impairment was down 12 percent.Â
Emirates Islamic bank net profit for Jan-Sept period $285 million
The bank attributed the profit to higher funded and non-funded income.Expenses increased 22 percent YoY, Impairment Allowances decreased 23 percent YoY reflecting improved business sentiment.
The bank's total assets increased to AED 73 billion, customer financing stood at AED 48 billion, rising 12 percent from 2021.
UAE President, Austrian Chancellor discuss bilateral relations
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Federal Chancellor of the Republic of Austria Karl Nehammer met in...Leaders of UAE and Austria affirmed their interest in strengthening bilateral relations, especially in technology, energy, innovation and food security.
The two leaders underscored the importance of taking action to ease tension and promote dialogue to resolve crises with humanitarian, economic and food security implications.
