Amazon and big tech peers Microsoft and Google saw their stock prices fall on concerns over high AI investment costs....
- The company said it will maintain a $1.3bn dividend for 2025.
Dubai, UAE -- Dubai real estate market recorded transactions worth AED1.8 billion ($490 million) on Tuesday, Dubai Land Department said....The transactions included 553 sales transactions worth AED1.43 billion, 107 mortgage deals valued at AED387.11 million and 12 gift deals amounting to AED43.73 million.
The sales included 508 villas and apartments worth AED1.09 billion and 45 land plots worth AED341.04 million.
It comes after Lebanon and Israel said in October that they had struck an "historic" deal to resolve a maritime...Lebanon divided its exclusive economic zone at sea into 10 "blocks", and block nine was part of the area disputed with Israel.
Under the agreement with Israel, Lebanon gained full rights to operate and explore the Qana or Sidon reservoir, parts of which fall in Israel's territorial waters.
- Settlement on opioid cases hit earnings of the firm.
The opioid crisis in the US - causing over 500,000 deaths over 20 years - triggered a flurry of lawsuits against drugmakers, distributors and pharmacies.
US pharmacy chains CVS Health and Walgreens similarly reached preliminary agreements this month to pay more than a total of $10 billion to resolve opioid claims.
Abu Dhabi, UAE---Liquidity Group, a FinTech company, became the first Israeli firm to join the $545 million Abu Dhabi Investment...The partnership will support Liquidity Group’s establishment of an R&D centre in Abu Dhabi to develop its proprietary technology-enabled underwriting algorithm.
The firm’s patented machine learning and decision science technology has enabled the firm to deploy more capital through more deals faster than any firm in capital markets history
Firm's adjusted net profit grew to $16.5 million in Jan-Sep 2022.Adjusted total income grew 17 percent to $28.9 million in 9M-2022.
Adjusted EBITDA grew 19 percent to $29.8 million (AED110.1 million) in 9M-2022.
Pact will help SMEs in UAE gain access to key banking services.With this pact, Wio will extend its Wio Business platform to SMEs registered with ADGM and provide them with fast-tracked application submission.
Presently, AGDM supports over 330 SMEs in health tech, pure tech, Edtech, legal tech, food tech, tourism tech, and insurance tech.
Firm approved interim dividend payment of US$54m.The approved US$54 million (AED200 million) cash distribution is in line with the Group’s previously announced dividend policy of distributing $217 million annually.
All matters related to future dividend distribution will be subject to Board of Director’s recommendation and shareholders’ approval.
The researchers did not have direct data on the gains or losses of individual investors. However, they were able to...The number of people using smartphone apps allowing one to purchase and sell cryptocurrencies rose from 119,000 to 32.5 million during the same period, study said
Study found that the biggest segment of new cryptocurrency investors were men under 35, and who are commonly identified as the most "risk-seeking" segment
- The firm's policy allows AED800m dividend annually.
The Group will distribute AED200 million for October 2022; AED200 million for April 2023 and AED400 million for October 2023.
TECOM Group's net profit for the first nine months of 2022 increased by 51 percent year-on-year (YoY) to AED639 million.
- Dubai, UAE— Etihad Credit Insurance (ECI) has reviewed its programs and initiatives in a meeting chaired by Abdulla bin Touq...
Abdulla bin Touq Al Marri commended ECI’s commitment to protecting foreign investments of local businesses and its efforts to enhance UAE exports
Al Marri said the UAE has achieved significant milestones at the regional and global levels, establishing its position as a leading hub of trade and investment in the region
