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Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.
  • Lacking oversight, Telegram thrives in Ukraine disinformation battle

    Telegram's founder Pavel Durov has accepted that "Telegram channels are increasingly becoming a source of unverified information related to Ukrainian...

    The fake account of Ukraine's President which was asking Ukrainian forces to surrender reached 20,000 followers on Telegram before it was suspended by the company

    Telegram decided not to restrict its access in Russia and Ukraine territory as many users complained that it's an important source of information

  • Airbnb users send money to Ukraine through reservations

    About 28,000 Airbnb hosts around the world, including 2,800 in France, are currently offering accommodation for refugees.

    About 28,000 Airbnb hosts around the world, including 2,800 in France, are currently offering accommodation for refugees

    donations of more than $1.2 million have poured into its refugee fund, the company told AFP

  • McDonald’s, Coca-Cola join US firms halting Russia operations

    Several of these companies, symbols of American cultural influence in the world, have been the subject of boycott calls on...

    Several of these companies, symbols of American cultural influence in the world, have been the subject of boycott calls on social media

    Starbucks, Coca-Cola and PepsiCo announced their own decisions to halt or restrict business in quick succession, noting the growing human cost of the invasion

  • KSA, UAE lead GCC’s push for hydrogen economy

    Striking partnerships with companies in the West have helped the two Gulf countries emerge as one of the major exporters...

    The business strategy stems from the belief that GCC has a plethora of renewable energy sources that can be tapped into to produce hydrogen

    Both the UAE and Saudi Arabia have access to natural gas supplies for blue hydrogen and nuclear power for pink hydrogen

  • AHOY raises $20m in financing

    AHOY, a UAE and Saudi operating logistics startup, has raised $20 million in financing from undisclosed investors. 

    AHOY uses tech-driven infrastructure to optimize mobility for enterprises, and will use its latest funding to expand its reach to African and Latin American markets

    It has grown 25 times in terms of revenue, number of transactions, and tech deployment from 2020 to 2021

  • Number of educational firms in Ajman Free Zone grew by 17 percent in 2021

    The number of registered educational companies within the Ajman Free Zone (AFZ) grew by 17 percent in 2021 compared to...

    Ajman Free Zone is home to more than 240 educational facilities in 2021.

    AFZ attributed the growth to its strategic location, modern facilities and infrastructure, innovative and seamless services.

  • YPO Gender Equality Survey: Executives must prioritize mental health

    Mental health is a priority for 99 percent of female and 92 percent of male executives, according to the Gender...

    The survey with 300 leaders, of all ages, across 57 countries, was aimed at raising awareness around gender equality.

    Loneliness as a challenge within the workplace has decreased from 2021 and was referenced by fewer than 15 percent of the participants.

  • Yahsat and Al Seer Marine to test line-fitting unmanned vessels

    Yahsat Government Solutions (YGS) and Al Seer Marine PJSC will test line-fitting unmanned vessels with advanced Comms-on-the-Move (COTM) satellite communications...

    The two entities signed an MoU regarding the same on Tuesday at World Defence Show in Riyadh according to a press release

    The MoU will enable Al Seer Marine to build on Yahsat’s extensive experience in delivering highly secure satellite communications

  • Dubai real estate market posts sales worth $248m

    Dubai’s real estate market recorded 368 sales transactions worth $247.66 million and mortgage deals of $48.27 million.

    Mortgage deals worth $48.27 million was also recorded in Dubai

    This was in addition to 70 gift transactions amounting to $34.5 million

  • Morocco truckers observe strike to protest soaring fuel price

    Moroccan truck drivers are observing a three-day strike in protest at spiraling fuel costs, a union said Tuesday, as oil...

    Around three quarters of drivers are observing the strike, said Mounir Benazouz of the SNPTR truckers' union

    The government of Prime Minister Aziz Akhannouch has for weeks been facing growing unrest over mounting living costs