GCC a key player in global freight and logistics industry, says Trukkin’s Dalmia
The region leverages a strategic major hub, advanced infrastructure, and economic diversification to fuel logistics demand, says Janardan Dalmia, Founder...Technology Business
Salik 2024 net profit before taxes $348m
The toll operator's revenue increased by 6% to $626 million.Company News Business
UAE economy posts best growth rates in comparison to others: IMF official
Dubai, UAE-- The UAE's economy has recorded the best growth rates in comparison to other economies in the region, according...The IMF official said the country's non-oil sector has significantly contributed to the country's economic resilience
He said the UAE's diversification strategy has played a vital role in boosting the efficiency of the private sector
Higher prices boost Coca-Cola sales despite Middle East hit
Chief Executive James Quincey described consumers in North America as "holding up well," although he acknowledged "a little softening" through...Revenues for the soda giant rose seven percent from the year-ago level to $10.9 billion, reflecting a two percent rise in volumes and nine percent increase in price/mix
The ongoing conflict in the Middle East dented volume growth by about one point in the fourth quarter, said Chief Financial Officer John Murphy
Sony hikes net profit forecast
It now predicts full-year net profit to touch US$6.1 billion.The conglomerate now predicts full-year net profit of $6.1 billion
Sony also announced it would spin off its financial services division
CFOs at forefront of ESG integration in businesses
"The CFO's role as an ESG guardian and promoter varies significantly across organizations. CFOs with limited ESG experience should deepen...Integration of ESG into finance sectors highlights the evolving expectations from CFOs.
In-house research shows 89 percent of CFOs rate communication as the most vital skill.
Boeing expects Q1 hit from MAX troubles
The airline backs intensified oversight from the FAA.The company said it will support oversight from the Federal Aviation Administration after a near-catastrophic Alaska Airlines incident
The Federal Aviation Administration grounded more than 170 MAX 9 planes for about three weeks. after the Alaska Airlines emergency
UAE leads global charge in generative AI adoption
With 40 percent of UAE workers already exploring generative AI, the nation stands as a beacon of tech adoption, far...With 40 percent of UAE workers already exploring generative AI, the nation stands as a beacon of tech adoption, far surpassing the global average, say a report.
AI and machine learning are viewed by UAE tech leaders as pivotal for reaching short-term objectives, outpacing the perceived utility of the metaverse, it adds.
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..."We thank the Commission for agreeing with us that iMessage should not be designated under the DMA (Digital Markets Act)," an Apple spokesperson said
The EU has built a powerful legal arsenal to take on the internet giants, including the DMA and its sister milestone law, the Digital Services Act (DSA)
Air Arabia 2023 net profit $408m
The firm recorded a 27 percent rise in profit compared to 2022.The company in its financial results said that the airline's turnover for 2023 reached US$1.6 billion
Air Arabia’s Board of Directors proposed a dividend distribution of 20 percent of share capital,
EU adopts fallow land exemption after farmer protests
Brussels, Belgium - The European Commission on Tuesday officially extended an exemption from contested rules to leave a share of agricultural...The EU acknowledged that a combination of geopolitics and extreme weather meant farmers were struggling to meet the fallow land rule
The fallow land rule was imposed as part of the bloc's common agricultural policy to promote biodiversity
Bitcoin crosses $50,000 for first time since 2021
The cryptocurrency has enjoyed a strong run-in recent month, fueled by expectations US lawmakers would allow the creation of exchange-traded...After dropping in reaction to last month's green light by Washington, bitcoin has rallied about 25%
That advance saw it hit as much as $50,328, according to Bloomberg data, its highest level since late 2021
