MONTREAL, CANADA – In the first quarter of 2024, the International Civil Aviation Organization (ICAO) projected that passenger air traffic...
Its net profit spiked to US$3.7 billion in 2023.
This year’s summit has brought together 190 countries, over 500 speakers, and 4,000 participants worldwide to discuss the future of...The summit’s topics focused on policies that drive progress and government development, sustainability, and future technology
The Investopia Summit was launched as part of the WGS 2022 to improve global economic and investment sectors
Shareholders sanctioned it for alleged payments to terror groups.Ericsson has been under scrutiny after a media investigation coordinated revealed that an internal probe from 2019 was never made public
The internal probe had identified possible corruption in 2011-2019 in the group's Iraqi operations, including the potential payment of bribes
Greater adoption of AI in the UAE could also add up to $200 billion in productivity gains by 2030, he...Arvind Krishna, Chairman and CEO of IBM, was speaking at the World Government Summit 2022
He warned that the planet lacks skilled people to keep up with the pandemic-induced disruptions
The move is being seen as another sign of a growing rapprochement between the two countries following last year's restoration...A Cairo statement said Qatar was to plough $5 billion in ‘investments and partnerships’ in Egypt, but did not give specifics
However, QatarEnergy announced an agreement with ExxonMobil to acquire a 40% interest in a gas exploration block off Egypt
The Dubai Financial Market (DFM) and Dubai Mercantile Exchange (DME) will jointly explore financial products opportunities following the signing of...The two exchanges are planning to create a working group, following Dubai’s strategy to further develop financial markets.
DFM plans to launch a new retail product derived from the Oman Crude Oil Futures, DME’s flagship contract that provides investors an opportunity to access this asset class.
The firm made a strong debut on the Saudi stock exchange on Mar 22.Nahdi's initial public offering price was SR131, raising $1.36 billion in the biggest Saudi IPO since oil giant Aramco.
Its profits dropped to SR813 million ($216.63 m) from SR849 million ($226.22 m) a year earlier, according to a bourse filing.
The Global Entrepreneurship Conference (GEC) recorded 28.9 billion ($7.71 billion) worth of agreements and launches on the second day. The...Monsha’at signed a memorandum of understanding with Amazon to enable local companies to sell their products to millions of customers across the Kingdom on the Amazon Saudi store.
On Day 2, a total value of innovative financing banking programs, amounting to more than SAR 7.3 billion ($2 billion) for the next five years was announced.
Shares of Saudi mining firm Amak surged 30 percent on its debut on the kingdom's main stock exchange.The company saw its share price surge to a closing price of SR81.9 ($22), against an initial public offering price of SR63
In its IPO, the firm saw strong demand from institutional and retail investors, generating SR95.8 billion worth of orders collectively
Shareholders of Waha Capital have approved a cash dividend of 7.55 fils per share and a stock dividend of 2.45...The company recorded investment gains and fee income of AED902 million and a net profit of AED603 million.
Waha Capital had total assets of AED5.8 billion as at 31 December 2021, compared to AED5.1 billion in 2020.
- The Global Entrepreneurship Congress is expected to see 40 agreements being signed between government agencies and major corporations.
Several government entities and large firms are expected to sign 40 agreements during the conference
The Saudi Ministry of Investment has, during the event, granted four licenses to startups and a venture capital fund
