Nissan, Honda shares surge after merger talks scrapped
Nissan and Honda shares surged in Tokyo Friday after the auto giants confirmed they scrapped merger talks and Nissan detailed...Business
ADNOC Distribution 2024 net profit down 7%
Minus UAE corporate tax, it would have grown by 2.4% to $725mCompany News Business
Societe Generale to slash 900 jobs
The bank employs 117,500 people around the globe.The bank said that five percent of its head office staff would be cut as part of organizational changes
The slashing will be carried out "through internal transfers, end-of-year support or voluntary departures"
Irbid chamber industrial exports up
The value of certificates of origin issued stood at US$65m.Al-Hassan Industrial Estate, as per ICI's report, took the lead in export volume last month, contributing $59.5 million
Irbid's exports to the United States accounted for 63.5 percent of the total export volume, exceeding $41.5 million
RTA inks agreement to develop entry/exit points for Dubai Harbor
DUBAI, UAE - The Roads and Transport Authority (RTA) of the Emirate has entered into a strategic partnership with ‘Shamal...The bridge extends from Sheikh Zayed Road to Dubai Harbour, an exceptional seafront district that hosts the region’s marina.
RTA would construct a bridge of two lanes in each direction spanning 1,500 meters and accommodating 6,000 vehicles per hour.
Jordan’s EMRC grants approvals for EV charging infrastructure
AMMAN, JORDAN - The Energy and Minerals Regulatory Commission (EMRC) has issued over 300 authorizations for the installation of electrical...EMRC records indicate a distribution of 49 publicly accessible charging stations alongside 14 privately owned stations.
The capacity for the installation of multiple charging units at a single site, with 230 charging facilities holding establishment permits.
Solutions-Devoteam deal completed
Devoteam Middle East is a subsidiary of Devoteam Group.The total value of Devoteam Middle East is approximately SAR741.7 million.
Solutions by stc had signed a binding offer and first unveiled details of the transaction in June 2023.
Use of DEWA’s electric-vehicle green chargers up 59% in 2023
Dubai, UAE -- Dubai Electricity and Water Authority (DEWA)’s EV Green Charger initiative witnessed a 59 percent increase in the...Dubai has seen a notable increase in the use of EVs since 2015. The number of EVs in the Emirate reached 25,929 vehicles by December 2023.
The number of EV owners registered under the initiative has increased from a mere 14 in 2015 to more than 13,959 by the end of December 2023.
SAIB profit jumps 17% in 2023
The net profit for the fourth quarter increased by 28 percent.Total operating income grew by 21 percent year-on-year (YoY) as net special commission income rose due to an increase in net financing and investment commission.
Shareholders’ equity, no minority interest and after excluding sukuk, increased to SAR 14.52 billion as of Dec. 31, 2023.
WEF24: The story of Africa is being reclaimed
Africa is moving away from stereotypes of poverty and incapacity to a narrative of ability and competitiveness, Sithembile Ntombela maNdaba,...The CEO highlights the importance of forging unity and strengthening "strategic initiatives" like the African Union and the African Free Trade Continental Area
While playing up the success of sectors like agriculture, mining, and tourism, she said the country was moving towards science and technology, and the green economy
Exxon Mobil posts bumper profit
The company profit vaulted to US$36bn during the year 2023.The company's earnings in the latest quarter still beat estimates and its Chief Executive Darren Woods signaled optimism about the coming year
The oil giant's results included a $2.5 billion impairment charge for California properties that it has been trying to sell for more than a year
AD Ports Group, KPT ink pact
The pact deals with bulk and general cargo terminal.A JV between AD Ports Group and Kaheel Terminals will develop, operate and manage bulk and general cargo terminal berths 11-17 at Karachi Port.
General cargo operations will primarily handle steel, paper and clinker, while the clean bulk terminal will focus on grains and fertilizers.
