A dirham and a dream: Matthews Southwest’s Jay French on future of UAE real estate
From an institutional investor-based viewpoint, it is becoming of interest more now than it ever has been. And that's a...Business Profile & Interviews
Samsung TV pioneer Han Jong-hee dies of heart attack at 63
Samsung Electronics co-CEO Han Jong-hee, credited with boosting the South Korean tech giant's television business on the global stage, died...Business
Qantas half-year profits slide
Its net profit dropped 13.2% to US$570 million.Qantas said its net profit dropped 13.2 percent year-on-year to US$570 million in the six months to December 31
The airline said travel demand was strong, led by the leisure sector but with business travel now approaching pre-Covid-19 levels
Doha Insurance net profit up
The profit jumped to US$41.40m in 2023.Its earnings per share for the year ending December 31, 2023 stood at QR0.30, up from QR0.21 for the same period in the previous year
The board of directors announced its intention to propose a cash dividend distribution to the General Assembly in the upcoming meeting
Nvidia profit soars to US$12.3bn
The company's revenue spiked to US$22.1bn.The chip titan posted profit of $12.3 billion on record revenue of $22.1 billion in the quarter than ended late January
Its shares jumped nearly eight percent to $732.99 in after-market trade, following the release of the earnings results
Korea’s H2O sets up base in Abu Dhabi
It will collaborate with Abu Dhabi Investment Office.The move is indicative of deepening economic ties between South Korea and Abu Dhabi with a focus on innovation and technology
The company's headquarters in Abu Dhabi Global Market (ADGM) will drive the next phase of its international growth out of Abu Dhabi
Boursa Kuwait posts $51m net profit
Operating profit for 2023 was recorded at US$59 million.Total operating revenues of US$99 million were recorded for 2023.
Consolidated assets came in at approximately US$386 million in 2023.
Stock markets diverge before Nvidia results, Federal Reserve minutes
Stock markets diverged as traders awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve...In the eurozone, the Frankfurt and Paris stock markets edged higher in afternoon deals.
Hong Kong and Shanghai bourses jumped after Beijing's latest measures to boost China's stuttering economy.
Glencore 2023 profit down 75%
The company said lower energy prices cut into its profits.Gross operating profit fell 50 percent to $17.l billion, "primarily reflecting the rebalancing and normalization of international energy trade flows," it said
The commodities trading unit saw operating profit fall 46% to $3.5 billion, "with coal and LNG (liquefied natural gas), and to a lesser extent, oil prices materially declining"
Over 6,000 F&B companies join Dubai Chamber of Commerce in 2023
DUBAI, UAE – President and CEO of Dubai Chambers Mohammad Ali Rashed Lootah has revealed that 6,478 new Food and...The total number of F&B companies registered with Dubai Chamber of Commerce stood at 22,585 at the end of 2023.
Dubai Chamber of Commerce launched 11 business groups dedicated to the industry, eight of which were set up in 2023.
e& 2023 net profit is US$2.8bn
e& said the net profit is a growth of 3 percent year-over-year.Consolidated revenues reached US$14.6 billion which is a growth of 8.3 percent year-over-year.
Consolidated EBITDA rose by 3.7 percent year-over-year at constant exchange rates, to US$7.1 billion.
MENA print media revenues fell 30% from 2018 to 2022: survey
The report stresses the urgent need for MENA news organizations to overhaul business models, adopt digital strategies, and diversify content...The analysis also forecasts a compound annual growth rate (CAGR) of -4% up to 2027, which could cause total MENA revenues to fall even further to US$1.2 billion
The figures also show that while digital advertising revenues are slowly increasing at a rate of 1% per year, print advertising revenues are set to slump by 11.3% by 2027
