Search Site

Trends banner

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.
  • Czech farmer cull 140,000 birds to halt spread of bird flu outbreak

    Prague, Czech Republic - Czech farmers have killed about 140,000 birds since the start of the year in a bid to...

    The infected birds had the highly pathogenic H5N1 bird flu strain, which is potentially transmissible to humans

    The three commercial farms, all in central Czech Republic, have had to cull 50,000 ducks and 90,000 chicken

  • Dubai Land Department records $172bn in realty deals in 2023

    Dubai, UAE -- The Dubai Land Department (DLD) records an all-time high of 1.6 million transactions worth AED 634 billion...

    Real estate investments' value grew by 55 percent during the same period, reaching approximately AED 412 billion.

    There were 157,798 investments attributed to 113,655 owners, including 71,002 new investors, indicating a 20 percent increase.

  • ADNOC Distribution posts record EBITDA

    The EDITDA of $1bn benefited from OPEX saving of $28m.

    The company said it successfully delivered on the five-year target it communicated to the market during its first Capital Markets Day in May 2019.

    The company recommended a dividend of $350 million for the second half of 2023.

  • Gaza solidarity boycott hits global food chains

    As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.

    Starbucks sales grew at their slowest pace in a year, and profits fell short of Wall Street estimates as a spending slowdown took its toll.

    McDonald's shares declined for the second day after the company failed to achieve targeted sales for the first time since 2020 due to the war in the Middle East.

  • oil

    Equinor reports 59% fall in net profit

    Its earnings were US$36.2bn, half of what is was in 2022.

    The company's net profit slumped 59 percent last year to $11.9bn, dragged down by a decline in energy prices

    Anders Opedal, the company CEO, said that in 2023 the group "continued to contribute to energy security in Europe"

  • TotalEnergies reports record annual profit

    Net profit came in at $21.4 bn, an increase of 4% over 2022.

    Net profit came in at $21.4 billion, an increase of four percent over 2022, with the the energy giant proposing a 7.1 percent increase in its annual dividend

    After adjusting for non-recurring items, net profit stood at $23.2 billion, a fall of 36 percent from 2022 when the company withdrew from Russia

  • Qatar and Egypt discuss ways to boost economic, trade ties

    Doha, Qatar-- Qatar and Egypt are looking to boost trade and economic ties between the two countries, besides exploring ways...

    The Qatar Chamber first vice-chairman said Egypt offers abundant opportunities, which are attractive to Qatari investors

    The Egyptian official said that his country has brought in a host of reforms relating to investment for foreign investors

  • ADNOC Drilling to expand fleet

    The company aims to reach 142 operational rigs this year.

    The company's CEO said that it was looking to support ADNOC's 5 million-barrels-per-day-capacity target

    It has assembled one of the largest multi-disciplined fleets in the world, backed by the latest innovations

  • ‘Bond market acts as a mirror to economic realities’

    "(US Federal Reserve Chair Jerome) Powell's focus on verifying inflation's trajectory is in line with the central bank's dual mandate...

    Bond market's selling pressure illustrates its role in reflecting economic realities, says Nigel Green

    A 27 basis points surge in 10-year yields marks notable market movement since June 2022, he adds.

  • Innovation, expansion spur Gulf retail after pandemic

    GCC retail sector evolves dynamically, blending innovation with tradition to woo investment, says Khalifa Bin Braik of Majid Al Futtaim...

    GCC retail sector evolves dynamically, blending innovation with tradition to woo investment, says Khalifa Bin Braik of Majid Al Futtaim Asset Management.

    Investing in the GCC retail market offers strategic benefits like a prime location, wealthy population, and luxury demand, bolstered by government support.