BYD surpasses Tesla with record revenue
The Chinese EV giant's net profit was $5.55 billion for 2024.Company News Business
DEWA okays $843m in H2 2024 dividend
DEWA had posted a net profit after tax of $1.96 billion for the full year 2024.Company News Business
Nissan profit drops to US$195m
Its sales in China slumped 35% from April to December.The automaker said its profit was $195 million in the last quarter, down from $341 million a year earlier
Its quarterly sales jumped nearly 10% to 3.1 trillion yen ($21 billion) for the maker of the Leaf electric car
ESG 2023 net profit at US$187m
The firm posted a year-on-year net profit rise of 316 percent.ESG’s total assets witnessed a massive rise, standing at US$833 million.
This is a significant 168 percent growth compared to December 2022.
Economic forum in Amman to enhance trade ties between Iraq, Jordan
AMMAN, JORDAN - The Iraqi Business Council, in collaboration with the Jordanian and Amman Chambers of Industry, is set to...This event aims to enhance financial, industrial and commercial partnerships among Iraq, Jordan and other countries in the region.
The event will spotlight the myriad of investment, commercial and industrial opportunities available in Jordan and Iraq.
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...The trade between the two nations has seen significant growth over the past two years, with a notable balance in exports and imports.
Trade volume over the last 10 months reached US$30 million, equally distributed between Jordan and Tunisia.
Polestar 3, the electric SUV, hits the streets of the UAE
Dubai, UAE – Al-Futtaim Electric Mobility Company, the official distributor of Polestar in the UAE, have announced the official launch...Featuring a unique design language inspired by Polestar Precept and Scandinavian minimalism, Polestar 3 is a fully electric 5-seat luxury SUV
Polestar 3 is available at launch with a dual-motor configuration with a power bias towards the rear, and an optional Performance Pack for increased power and torque
61 contracts worth $7billion signed at World Defense Show in Riyadh
Riyadh, Saudi Arabia - About 61 purchase contracts totaling approximately SR26 billion ($6.93 billion) were signed at the second World...The event, featuring 773 exhibitors and hosting 441 official delegations from 116 countries, attracted 106,000 visitors
Throughout the show, a total of 73 agreements were finalized, including 17 industrial partnership agreements
At 10% growth, Saudi banking sector shows resilience
With Vision 2030 steering the economic diversification, Saudi banks face challenges and opportunities in liquidity, asset quality, and navigating geopolitical...With Vision 2030 steering the economic diversification, Saudi banks face challenges and opportunities in liquidity, asset quality, and navigating geopolitical risks.
The sector's commitment to sustainability and strategic risk management promises a future of stability and growth, highlights the latest insights from S&P Global.
Dubai records over US$2.6bn in weeklong real estate transactions
DUBAI, UAE - A total of 3,543 real estate transactions worth over US$2.6 billion (AED9.8 billion) were conducted during the...A total of 3,543 real estate transactions worth over US$2.6 billion were conducted during the week ending February 9, 2024.
A DLD report showed that 197 plots were sold for $315 million while 2,572 apartments and villas were purchased for $1.5 billion.
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...Asia saw holiday-thinned trade, with investors there struggling to build on another record-setting day on Wall Street.
While China is in holiday mode, investors are keeping tabs on Beijing, hoping for fresh measures to boost market confidence.
Rumors swirl over bitcoin inventor Nakamoto’s identity
London, United Kingdom - An Australian man went on trial in London this week over his claims of inventing bitcoin --...Computer scientist Craig Wright, 53, says he is "Satoshi Nakamoto", the pseudonym of bitcoin's creator and author of a white paper that introduced the cryptocurrency to the world
He is being sued by cryptocurrency activists who say he's lied and forged documents in his attempts to pretend he is bitcoin's founder.
