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Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.
  • Dubai tourism achieves robust growth in 2022

    The sector recovered fast in the emirate after the easing of Covid-19 restrictions, registering a 203 percent increase in the...

    The increased flow of tourists helped improve hotel occupancy across the emirate, which reached 76 per cent during the period, the highest globally in Q1.

    Successful handling of the pandemic, a safe environment for travelers and world-class infrastructure have contributed towards the rising tourist inflow.

  • AI set to play key role in fight against climate change

    Most of the public and private sector leaders believe that Artificial Intelligence is a valuable asset in fight against climate...

    Most of the public and private sector leaders believe that Artificial Intelligence is valuable asset in fight against climate change but insufficient expertize remains a challenge

    A latest Boston Consulting Group report cited the limited availability of AI solutions as a roadblock. It also pointed to lack of confidence in AI-related data

  • Regional projects vital for future, says Jordan’s King Abdullah

    King Abdullah spoke about Jordan's Economic Modernization Vision for the next decade which seeks to sustain recovery the COVID-19 pandemic....

    King Abdullah spoke about Jordan's Economic Modernization Vision for the next decade which seeks to sustain recovery from the COVID pandemic.

    The vision plans for the coming years by capitalizing on opportunities in the Kingdom, especially amid the impact of the Ukrainian crisis.

  • Twitter-Musk affair heads for bitter end

    Elon Musk's pursuit of Twitter was a melodrama from beginning to end -- a volatile courtship between a mercurial billionaire and...

    That relationship -- an obvious love-hate affair from Musk's side -- now seems set to end in an acrimonious divorce

    Twitter's chairman tweeted that the company will pursue legal action to enforce the deal, setting up a pricey showdown as the divorce heads to court

  • UAE takes part in G20 Foreign Ministers’ meeting in Indonesia

    UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan takes part in the G20 Foreign...

    The G20 foreign ministers meeting is keen to tackle global challenges to achieve stability and prosperity

    Such meetings help in promoting international cooperation to achieve sustainable development goals

  • Metaverse is in the making since 90s: Expert

    As a multidimensional world extending the physical realities of our current 4D world, it is rather a product of the...

    Metaverse is the product of a several waves of digitization and internet development since the 90s.

    Metaverse will create new opportunities for new services and, in fact, new activities altogether.

  • Over 4,800 take part in Dubai corporate volunteering program

    Over 4,800 employee volunteers participated in Dubai Chamber of Commerce’s 'Give & Gain 2022' initiative. Volunteers dedicated 17,460 hours across...

    Volunteers dedicated 17,460 hours across projects benefitting more than 147,000 individuals

    The month-long event is part of Dubai Chamber of Commerce ENGAGE Dubai corporate volunteering program

  • Saudi Esports Federation allies with ASUS Republic of Gamers for Saudi eLeagues

    Gamers8, the largest esports and gaming event worldwide, takes place during eight weeks from July 14.

    Gamers8, the largest esports and gaming event worldwide, takes place during eight weeks from July 14

    The event features top esports action alongside a series of festivals, concerts, shows, and more

  • Elon Musk deal to buy Twitter in danger: report

    Twitter shares slid late Thursday after a Washington Post report that Elon Musk's $44 billion deal to buy the social...

    According to the Post, however, Musk has been unable to pin down the percentage of Twitter accounts that are not genuine

    Twitter shares, which were already trading lower than the price offered by Musk, sank about four percent on the news

  • Summer break, Eid push up Saudi air ticket prices

    The kingdom, which has 15 domestic airports, is witnessing a significant increase in the prices of domestic flights, ranging between...

    Saudi Arabia's domestic airports are witnessing active travel due to the summer break and Eid al-Adha

    There has been an increase in the prices of domestic flights tickets, ranging between 32% to 314%