Rohit Nanda, the new CFO, will take up his new job next month.
Abu Dhabi, UAE--The General Civil Aviation Authority (GCAA) has launched the Cargo Data Reporting System (CARDS), which provides a range...
The Swiss banking giant said it has taken a hit from the Ukraine war, litigation.The bank said its results would be affected to the tune of 200 million Swiss francs ($211 million) in lost revenue and provisions for credit losses.
Credit Suisse said it was also setting an extra 600 million Swiss francs aside for litigation that dates back more than a decade.
The Saudi developer reports $37m net profit in Q1.The company made SR139 million ($37 million) in profit, compared to SR111 million for the same period a year earlier
The Riyadh-based firm attributed the increase in profit mainly to the increase in its share of profits from its associate company by 34 percent
The strategy will see the company launch 100 new products.Maximising Revenue from Current Product Portfolio and Geographical Expansions two of the six growth pillars.
Julphar has partnered with and signed manufacturing contracts with 11 leading companies across the globe for technology transfer.
European car sales sank in March as Russia's invasion of Ukraine added more problems to a sector already struggling with...Passenger car registrations fell 20.5 percent compared to the same period last year, with 844,187 units sold
The war has led to shortages of other parts, such as the cables used in car wiring harnesses and of which Ukraine is a manufacturer
Dubai Financial Market (DFM) announced today that HSBC has become the first international General Clearing Member (GCM) to join the...The introduction of GCM service on DFM by HSBC is part of a wider collaboration program between the two entities
HSBC is expected to offer its GCM service on DFM Equity Market starting in May
The agreement is said to align with the objectives of the Fashion Commission to enhance collaboration and empower the sector...The MoU sets out a framework for the creation of leadership roles furthering nationalization in the fashion retail sector
It is also to secure commercial spaces for the display of work by Saudi designers, and provide training courses in the field
Meanwhile, Italy is also looking into buying or renting two floating storage and regasification units (FSRU) to allow it to...Italy is one of Europe's biggest guzzlers of gas, which currently represents 42 percent of its energy consumption, and it imports 95 percent of the gas it uses
The government hopes to reduce those imports by accelerating the investment in renewables and has vowed to cut red tape on wind and solar farms
It ended Q1 2022 with fewer subscribers than Q4 2021.Factors hampering Netflix’s growth include subscribers sharing accounts with people not living in their homes
Another factor crimping Netflix’s growth is the intense competition from titans such as Apple and Disney
The GCC personal luxury market will continue to be on a ‘strong growth trajectory,’ Chalhoub Group Chief Strategy Officer (CSO)...High-end jewelry is expected to continue to record strong growth in the region
Meanwhile, online shopping has doubled in the Middle East in the last two years
The United States has asked Qatar to supply gas to Europe if Russian supplies were disrupted due to Moscow's military...Qatar gas exports account for about 106 billion cubic meters, with 80 percent going to Asia and 20 percent to Europe
Qatar could cover around 13 percent of Russian gas imports to the European Union and the United Kingdom
