Jordan, Tunisia to enhance trade, investment relations
AMMAN, JORDAN - The Chairman of the Amman Chamber of Commerce Khalil Haj Tawfiq has called on Jordanian and Tunisian...Business Economy Geostrategy
European stocks firm as markets await US inflation data
London, United Kingdom - Europe's main stock markets steadied Friday as traders reacted to more earnings updates from top companies, while...Business Economy
UAE-UK Business Council to promote trade, investment
The UAE-UK Business Council hosted its 20th Plenary Meeting in Abu Dhabi, co-chaired by Ahmed Al Sayegh, Minister of State,...A new project on opportunities for UK-UAE collaboration on the decarbonization of the built environment was also announced.
The Business Council announced it will support the Cherie Blair Foundation for Women.
EasyLease net profit $8.91m
The total revenue in Q3 ended Sept reached AED156.11 millionThe company will reach 30,000 motorbikes by the end of 2022, doubling the size of its fleet from a year earlier.
Easy Lease said it will open local offices in Saudi Arabia and Bahrain before the end of this year, targeting a 10 percent share by the end of 2023 of the Saudi Arabian market.
Google fined $162m by Indian watchdog over market dominance
Android had a suite of Google apps pre-installed on its phones, including the company's own search engine, "which accorded significant...The company's Android mobile operating system is by far the dominant player in India and is run on 95 percent of all the country's smartphones
The Competition Commission of India (CCI) said Google had configured the platform to unlawfully crowd out rivals to its popular apps, including YouTube
Big staff cuts likely at Twitter: report
Twitter had filed a lawsuit to hold Musk to the terms of the takeover deal he inked in April, even...While pitching his deal to buy Twitter to investors, Musk said he planned to get rid of nearly three-quarters of the firm's workers
Staff cuts at the San Francisco-based company would likely hamper the platform's ability to moderate abusive posts or keep data secure
DXB to welcome 2.1m passengers over 10-day school holiday break
October 30 is expected to be the busiest day with daily traffic exceeding 259,000 passengers.October 30 is expected to be the busiest day with daily traffic exceeding 259,000 passengers
Passenger numbers are rising rapidly towards 2019 levels on the back of strong recovery throughout 2022
Medicare net profit up 4.58% in first nine months of 2022
The earnings per share amounted to $0.54.Data issued by the company, published on Qatar Stock Exchange website, Thursday, indicated that earnings per share amounted to $0.54
The Group was established in 1996, and was listed on Qatar Stock Exchange in 1997, with a capital of $77 million
Global players steer towards UAE as Abu Dhabi sails well to become ‘best’ superyacht destination
The UAE capital -- which now boasts 5,325 registered vessels -- is well on its way to become a key...The UAE capital -- which now boasts 5,325 registered vessels -- is well on its way to become a key hub for the international superyacht industry, says a report
The completion of more than 150 new superyachts worth US$3.9bn in 2022 points to Abu Dhabi's entry into this premium industry, which may benefit UAE's economy
Nokia Q3 profit at $419m
The Finnish company reports net sales of $6billion.Finn company Nokia reported a 22-percent rise in profit to $419 million
Nokia CEO Pekka Lundmark said the quarter demonstrated that he was delivering on the ambition to accelerate growth.
Ericsson Q3 profit at $480m
Firm is making 'pricing adjustments' as inflation soars.Ericsson's shares closed down 15 percent on the Stockholm stock exchange.
The lower profits were partly due to Ericsson's $6.2 billion acquisition of US cloud communications company Vonage.
SABB nine-month net profit $926m
The net profit for the same period last year was $738m.The bank said the total operating profit grew 19 percent to SAR 6,966 million and net special commission income grew 19 percent to SAR 5,117 million.
SABB’s shareholders’ equity remained stable at SAR 53 billion with total assets of SAR 300 billion, said Lubna Olayan, Chair of the Board of Directors SABB.
