Twitter executives exit, hirings halt
Kayvon Beykpour, a general manager, said he was ousted from the company.Musk's $44-billion deal to buy Twitter was announced last month but still needs the backing of shareholders and regulators.
Musk's endorsement of a Trump return triggered fears among activists that Musk would "open the floodgates of hate."
TAQA Group’s Q1 income up 37%
The company reported financial results for 3 months ended March 31The company delivered strong performance underpinned by its contracted utilities businesses and boosted by higher commodity prices
The Group revenues increased to AED 12.4 billion, 20 percent higher than the prior-year period, primarily due to higher commodity prices within the Oil & Gas segment
SMEs across GCC need more decentralized approach
The companies must also strive for more delegated authority and accountability as delays and poor follow-up lead to disaster, says...The firms must strive for more delegated authority and accountability as delays and poor follow-up lead to disaster, says Rabih I Khoury, Partner & Chief Exit Officer, MEVP
Also needed is the use of technology to facilitate communication and digital processes implementation and leverage mature SaaS functionalities through mobile apps, he says
Amanat reports 39% growth
Amanat recorded a total income of AED46.9 millionThe company recorded total income of AED 46.9 million, an increase of 40 percent on the AED 33.5 million recorded in Q1-2021
Adjusted net profit rose to AED32.1 million in the quarter, a 39 percent increase on the AED23.1 million reported in the same quarter of the last year
Fertiglobe revenue grows by 118 percent
The company raised its H1 2022 dividend guidance to at least $700 million.Adjusted net income in Q1 2022 was $361 million, increasing by 332 percent year-on-year.
In March, Fertiglobe was announced as a founding constituent of the FTSE Russell ADX 15 Index.
Tourism recovering, but not back to pre-pandemic levels
Global tourism is roaring back to life despite Covid travel headaches and the effects of the war in Ukraine, but...International tourist arrivals worldwide have more than doubled, up 130 percent in Jan 2022 on the same period last year, according to UN World Tourism Organization data.
In 2019, global tourism revenues reached $1.48 trillion. That figure dropped by almost two thirds due to the pandemic the following year.
Emirates, Jafza sign MoU
They will explore ways to offer travel incentives to SMEs.The MoU was signed by Dina Al Herais, Emirates’ Vice President, Commercial Products, B2B Corporate & Leisure, and Ebtesam Ahmad Alkaabi, Head of Sales, Jafza Sales.
Emirates currently has over 20,000 SMEs enrolled in its Business Rewards program.
Russian gas to Europe via Ukraine down by almost a third
Ukraine is a major supply route for Russian gas to Europe and the two sides have kept flows going even...Ukraine's pipeline operator GTSOU said that it was halting gas transport at the Sokhranivka transit point
Germany said Wednesday that it saw a 25 percent drop in supplies of Russian gas flowing through Ukraine
Scarce French rainfall adds new cloud to global food market
World food prices hit an all-time high in March following Russia's invasion of Ukraine, which accounted for 20 percent of...France is Europe's agricultural powerhouse, the biggest grain producer in the 27-country bloc
The national weather service said France was in the grip of a hot spell with 20% less rainfall reported
Abu Dhabi’s global tech ecosystem Hub71 accepts 16 startups
Hub71, Abu Dhabi’s global tech ecosystem, has accepted 16 startups to join its community. By launching operations in Abu Dhabi,...The accepted cohort includes early-stage startups with diverse representation from leading international tech hubs including the UK, USA and South Korea.
Accepted in the cohort is UAE-founded Letswork, an app that allows members to book workspaces and work remotely.
‘Wadeem’ sold out for $1.49bn
This is the highest Abu Dhabi real-estate release to date.
Tesla Q2 sales down 13.5%
Shares rally after the disclosure, better than some forecasts.
TomTom cuts 300 jobs
The firm said it was realigning its organization as it embraces AI.
Aldar nets $953m in sales at Fahid
Aldar said 42 percent of the buyers are under the age of 45.
Qualcomm to Alphawave for $2.4 bn
The deal makes Alphawave the latest tech company to depart London.
