$20 million rare blue diamond goes on show in Abu Dhabi
Abu Dhabi, United Arab Emirates -- A rare blue diamond valued at $20 million went on pre-auction display on Tuesday...Arts & Culture Business Culture & Society
Shipping insurance rates soar on Red Sea missile attacks
Maritime container transport has sunk by almost one third so far in 2024 compared with a year earlier, according to...The Houthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12 percent of global trade usually passes
Premiums for ships have "increased significantly" following the Houthi attacks, according to Frederic Denefle, head of Garex, a French firm specialized in marine risk insurance
Saudi Arabia, China sign MoU to develop air transport cooperation
Beijing, China - Saudi Arabia and China on Thursday signed a memorandum of understanding (MoU) to develop air transport cooperation.The MoU...The MoU was signed during the visit to China of Saudi civil-aviation officials
The areas of cooperation outlined in the MoU include expanding the number of air transportation stops
MENA ups cybersecurity ante to combat GenAI risks
With GenAI emerging as a new frontier for cyber threats, and stricter data privacy laws coming into effect, organizations are...With GenAI emerging as a new frontier for cyber threats, and stricter data privacy laws coming into effect, organizations are investing heavily to safeguard their futures.
A surge is seen in security and risk management spending, highlighting critical need for robust cybersecurity measures and a proactive approach to manage digital risks.
Lloyds Group profit is $6.2bn
High interest rates benefitted the British lender and banking sector as a whole."The group delivered a robust financial performance in 2023, meeting our guidance," said chief executive Charlie Nunn
Banks in the UK and elsewhere are gaining from higher interest rates as central banks, including the Bank of England
Asian markets up, Tokyo hits record as US tech earnings jump
Hong Kong, China - Asian markets rose on Thursday, with Tokyo's benchmark index posting a record high after greater-than-expected earnings from...Highly anticipated earnings results from Nvidia beat expectations late Wednesday, with the firm reporting a quarterly profit of $12.3 billion
Hong Kong, Shanghai and Seoul stocks closed higher, and markets in Taipei, Bangkok, Manila and Wellington were also up
Rolls-Royce back into profit
The engine maker swung to profit of $3bn from a loss of $1.64bn in 2022.Shares in Rolls soared almost ten percent in afternoon trading, topping London's benchmark FTSE 100 index
Its share price more than trebled last year but at the end of 2023 it was still only up 6.5 percent over the previous five years.
Vietjet to buy 20 A330-900 planes
The company signed MoU with Airbus for the widebody aircraft.Vietjet signed MoU with Airbus for the widebody aircraft, which will replace its current fleet of leased A330-300 planes, Airbus said in a statement
At list prices, the Vietjet order would be worth $5.9 billion, but customers usually get a discount when making bulk aircraft orders
Nestle net profits up 20.9%
Sales grew 7.2% in value terms, fell 0.3% in volume.Nestle said turnover fell as a rising Swiss franc and a slight fall in sales volumes balanced out higher prices
The maker of Nespresso, Maggi seasonings, and the Smarties range of sweets said turnover fell 1.5 percent
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
