Disney profit beats forecasts
The company is looking to tap into the passion for video games.Business
Kuwait leads GCC market gains amid regional tensions
Despite challenges from regional tensions and fluctuating oil prices, sectors like F&B and pharma see notable increases, showcasing the diverse...Business Markets
France says EU deal on Russia oil embargo possible this week
The embargo on Russian oil, which is part of a sixth package of EU sanctions under discussion, is being resisted...New discussions on the Russian oil embargo are expected to be held between European leaders by telephone on Tuesday
It will involve French President Emmanuel Macron, EU Commission President Ursula von der Leyen, and Hungary's Prime Minister Viktor Orban
Sony logs record full-year sales
However, net profit dipped 14% from the last year's record high.A lockdown-fueled gaming boom has slowed down, but Sony has seen success in other sectors
Spider-Man: No Way Home has overtaken Avatar as North America's third-highest-grossing film
Agthia Group Q1 revenue is Dh1b
The company’s net revenues are up 58% year-on-year.Net profit increased to AED 82 million, growing at a higher rate vs revenue and supported by the consolidation of margin accretive acquisitions in 2021
Strong start to 2022 builds on successful first year of Agthia’s five-year growth strategy
‘Workplaces must prioritize mental health’
In many industries, working from home is the way of the future and a better working and mental lifestyle, Quartz...People tense or stressed at work are more than three times likely to plan to look for a new job
In contrast, employees who feel supported are more likely to stay, lowering turnover costs
Saudi Space Commission looks to explore cooperation with NASA
Saudi Space Commission Board of Directors Chairman Abdullah Amer Alswaha is on a tour of the US to develop the...The two countries discussed opportunities for strategic cooperation to develop the space sector
They also mulled investment in future joint projects to achieve mutual economic and strategic goals
Bitcoin falls below $30,000, lowest since July 2021
Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors...Bitcoin's value has more than halved since a November surge that saw the token hit a record of nearly $69,000
Traditional investors have been offloading bitcoin and other digital tokens along with other volatile assets like tech stocks
Arabian Travel Market 2022 kicks off in Dubai
The Chairman of Dubai World Sheikh Ahmed bin Saeed Al Maktoum, inaugurated the 29th edition of the Middle East’s largest...ATM 2022 is part of Arabian Travel Week, a 10-day festival of travel and tourism events taking place in Dubai
It provides a vital platform for tourism and travel industry leaders in the Middle East
UN seeks $80m from donors to remove ship off Yemen coast
The UN will ask for $80 million in donations in order to remove nearly a million barrels of oil on...UN-backed engineers have been prevented from inspecting the 45-year-old ship by the Iran-backed Houthis
A new scheme devised by UN Humanitarian Coordinator for Yemen David Gressly will see the UN attempt to raise $80 million from donors at a conference
Global stocks sink on rising rates and China lockdown
World stock markets mostly sank Monday on stubborn fears over the impact of rising US interest rates, surging inflation and...Frankfurt, London and Paris each shed more than one percent nearing the half-way stage after Tokyo closed down 2.5 percent
Oil prices lost two percent on demand worries and the haven dollar rose, while bitcoin plunged to a 2022 low below $34,000
Aramco shares up 3 percent
Oil prices continue to spike, beefing up energy companies.The stock price slightly retreated to SR45.8 later in the day at 12:07 p.m. Saudi time.
Saudi Aramco now holds the second largest market valuation globally of SR9.15 trillion.
