Toyota expects to book profit of US$30bn
Its third-quarter net profit jumped to US$7 billion.Business
Jeddah Central Development Company signs 4 contracts worth $3bn
Jeddah, Saudi Arabia - The Jeddah Central Development Company, a company owned by the Public Investment Fund (PIF), signed four...Business
DFSA regime to provide whistleblowers enhanced legal protection
Enhanced legal protection will be provided to persons who report financial misconduct internally within the entities regulated by Dubai Financial...DFSA regulatory regime for whistleblowing is the first of its kind to be introduced by a financial service regulator in the UAE.
The regime applies to all DFSA Regulated Entities operating in or from the Dubai International Financial Centre.
dnata to expand cargo operations into Germany by acquiring Wisskirchen
dnata announced expansion of its European footprint through the planned acquisition of Germany-based Wisskirchen Handling Services (Wisskirchen). Subject to government...dnata has executed agreements with the owner of Wisskirchen, Oliver Hellwig, to acquire 100 percent of the shares in the company
The acquisition is subject to approval by the Federal Ministry for Economic Affairs and Climate Action in Germany
ADDC, Abu Dhabi University join hands for energy innovations
The Abu Dhabi Distribution Company (ADDC), a subsidiary of Abu Dhabi National Energy Company (TAQA Group), has signed a Memorandum...The cooperation aims to promote ties between both entities through training programs and knowledge exchange
The agreement was signed at ADU’s main campus by Saeed Al Suwaidi, Managing Director, ADDC, and Professor Waqar Ahmad, Chancellor, ADU
SFDA, SBA partner to create media content on health, food
The agreement aims to create joint media sponsorship opportunities that serve both sides and to establish specialized media publicationsThe agreement aims to create joint media sponsorship opportunities that serve both sides and to establish specialized media publications
The areas of cooperation include educating consumers on the safe use of cosmetic products, making television programs and providing visual and audio content
Meta virtual money moves could include ‘Zuck Bucks’: Report
Facebook's parent company Meta is exploring the potential of digital money referred to internally as "Zuck Bucks" in a play...Meta abandoned its effort to create a global cryptocurrency -- first called Libra but eventually re-branded as Diem
The founder and chief Mark Zuckerberg has spoken about the importance of e-commerce and financial tools to his vision for an immersive online world called the metaverse
Saudi Arabia hosts annual joint meetings of Arab financial institutions
The meetings are taking place under the patronage of the Custodian of the Two Holy Mosques and Saudi ruler King...The Arab financial institutions hold these annual meetings to review the performance of each entity and the topics on its agenda
The meetings also reportedly contribute to financing development projects in vulnerable countries
Samsung predicts 50% rise in Q1 profit
The company likely to release full results on April 28.Analysts said the forecast was likely driven by strong smartphone sales, but warned of an expected drop in profits in the memory chip division
The coronavirus pandemic has wreaked havoc on the world economy, but it has helped many tech companies boom
Employee wellbeing key to unlock productivity
As business leaders are armed with the knowledge that hybrid working can form a part of the future, previously reluctant...In business, productivity is key to maximize the value organisations provide to customers, whether in increased output or commercial savings brought about by increased efficiency
Now, finding new ways of doing business with customers is a reality for many organisations. That means the old metrics used to measure productivity may become irrelevant
Amazon tactics under US scanner
Amazon is accused of using merchant info for its own products.Former Amazon employees have said the online retail titan used data of other sellers on its platform without their permission
Amazon gathered information about sales trends by third parties at its website to develop private-label products, said reports
More checks needed as crypto scams hit all-time high
Blockchain expert Kim Grauer offers insights into why people fall prey to scammers, how they can protect their crypto assets...In 2021, cryptocurrency-based crime reached an all-time high, with criminal addresses receiving $14 billion.
By the end of 2021, criminals had accumulated $11 billion in crypto from known sources, compared to $3 billion in 2020.
