UAB net profit grows 65%
Total assets grew 25% in 2023 on strong growth in loans, advances.Company News Business
Disney profit beats forecasts
The company is looking to tap into the passion for video games.Business
McDonald’s to exit Russian market
The company will sell its business in the increasingly isolated country.McDonald's in March closed all of its 850 restaurants in the country, where it employs 62,000 people.
The company directly manages more than 80 percent of the restaurants bearing its name in Russia.
Blue-chip shares surge as Wall Street stocks bounces back
Investors remain cautious as to whether China will ease its zero-Covid policy, which has added to the disruption of the...The benchmark Nikkei 225 index firmed 0.45 percent, or 119.40 points, to 26,547.05.
The Nikkei firmed especially in early trade, keeping the momentum from gains of US shares.
Renault hands Russian assets to Moscow
Since Putin sent troops into Ukraine in late February, Renault has had difficulty keeping its operations going due to a...Renault has also handed over it's Moscow plant, Avtoframos to Russia, which makes Renault and Nissan models
Renault, the French automaker giant will retain a six-year option to buy back the stake in AvtoVAZ
Ryanair cuts annual net loss to $369 million
Ryanair expects cost increases as a result of surging oil prices fueled by the war, it hopes "to return to...Ryanair average fares fell more than a quarter to 27 euros despite soaring inflation and Ukraine war
The Irish airlines had expected a much lower loss until the Omicron variant of corona virus spread in 2021
Asian stocks climb up, but inflation sours mood
Asian equities were up on Monday after a rally on Wall Street last week, but analysts say fears of a...Asian market opened with a generally positive performance with Tokyo, Sydney, Singapore and Manila trading up throughout the day
Analyst call it relief as Shanghai's vice mayor announced that reopening of businesses in the city would begin "in stages"
Dubai lures world investors with promise of big returns
Defying grim expectations of economic recession battering the world economy, Dubai has burnished itself by attracting a heavy dose of...The emirate has won over more than 600 FDI projects, including greenfield projects last year
Dubai’s economy grew 6.3 percent in the first nine months of 2021
Facebook loses shine, decade after its stock debut
The likes of TikTok, LinkedIn, Pinterest, Twitter and even Apple now vie with Meta for people's online attention as Facebook...Facebook remains the biggest social media platform with 2.94 billion monthly users
But like other free online platforms, Facebook makes its money from ads targeted at people's interests
e& buys stake in Vodafone
It bought a 9.8% stake for $4.4bn in the British firm.Formerly known as Etisalat, the company has acquired around 2,766 million shares in Vodafone Group
The transaction comes in line with the telecom company’s efforts to become a global player in the field and increase its exposure to international markets
Workplace diversity is both cultural & business issue
One of the biggest challenges for women in the GCC is the lack of possibilities in the workplace, Novonda founder...Companies must make sure to have a diversity-friendly personnel policy and HR practices, says Novonda founder Jean-Pierre Calvez
Digitalization and flexible working strategies have been crucial for the workforce, he adds
Sanctions-hit Iran considering gas exports to Europe: official
Iran is considering the possibility of exporting gas to Europe, an oil ministry official said Sunday against the backdrop of...Russia's invasion of Ukraine in February sent global oil and gas prices soaring, with many European countries dependent on energy imports from Russia.
Tehran and Baghdad had signed a memorandum of understanding a few weeks ago that will see the country increase gas exports to Iraq.
