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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%.

  • Metaverse mass adoption may be years away, says Borget

    The metaverse version -- where players largely do the same thing but can earn cryptocurrency rewards and buy extra kit...

    Borget is co-founder of The Sandbox, a platform that began as a game for mobile phones and PCs but is transforming itself into a virtual world

    Brands like Gucci and Adidas, financial firms Axa and HSBC, and Warner Music are among those who have chosen to set up shop in The Sandbox

  • UAE, Cyprus to strengthen relations in multiple sectors

    Anwar Gargash, Diplomatic Adviser to UAE President, discussed developing ties across various domains with Minister of Foreign Affairs of the...

    The two reviewed means to enhance cooperation to promote progress, prosperity.

    They also discussed various developments in the regional and international arenas.

  • Free trade pact with UAE will help Indonesia, says envoy

    The Comprehensive Economic Partnership Agreement (CEPA) signed between Indonesia and the UAE on Friday will bring economic prosperity to a...

    The trade pact is expected to boost imports of petrochemicals from the UAE to Indonesia

    Indonesia imports around two million tonne of petrochemicals annually from the global market

  • Abu Dhabi Industrial Strategy to boost growth, says Dr Al Jaber

    UAE Minister of Industry and Advanced Technology Dr Sultan bin Ahmed Al Jaber said the country continues to empower the...

    UAE empowers the industrial sector and increase its competitiveness by leveraging its resources, advantages and capabilities

    The strategy will support national industrial growth, nurture and empower Emirati talent, create a smart circular economy

  • Siemens writes off $2.8 billion

    The move came after share price of its former energy unit fell sharply.

    The drop in the value of Siemens Energy meant the parent company's 35 percent holding in the spin-off at "significantly below the book value".

    Siemens Energy's wind-energy subsidiary Siemens Gamesa has struggled to turn a profit despite surging demand for renewable energy.

  • ‘Industrial sector a key player in Abu Dhabi’s economy’

    Industrial sector performs key role in Abu Dhabi’s economy and a new industrial financing entity will soon be established for...

    ADDED chairman says a new industrial financing entity will soon be established for large industries and SMEs

    He said initiatives such as reducing electricity, water and gas tariffs have been launched to attract investments

  • Abu Dhabi to set up industrial financing entity: Chairman ADDED

    A new industrial financing entity will soon be established in Abu Dhabi to finance large industries and small and medium-sized...

    The entity will finance large industries and SMEs as industrial financing requires the establishment of new frameworks, Al Hammadi said.

    Abu Dhabi's industrial sector contributed about AED 83.5 billion to the emirate's GDP in 2021.

  • AD Ports acquires stake in IACC

    AD Ports Group's cash reserves to fully fund the deal.

    It is the first international acquisition by AD Ports Group.

    IACC wholly owns two Egypt-based maritime companies, Transmar International Shipping Company and Transcargo International S.A.E.

  • SCCI, EDB partner to aid investors, SMEs

    The collaboration is part of strategic efforts by both companies to enhance the private sector's contribution to UAE economic development.

    The collaboration is part of strategic efforts by both companies to enhance the private sector's contribution to UAE economic development

    SCCI plans to provide support to the industrial and SME sectors as critical components in promoting diversification, sustainability, and national economic growth

  • MEmob+ integrates blockchain technology, first MENA tech company to do so

    MEmob+ has invested substantially in blockchain technology to offer its clients the most advanced and effective advertising services.

    MEmob+ has invested substantially in blockchain technology to offer its clients the most advanced and effective advertising services

    MEmob+ is now well positioned to enhance digital marketing activations and performance and has strict control over data flow and GDPR adherence