Borouge full-year net profit $1bn
The firm posted third consecutive rise in quarterly earnings.Company News Business
Global stock markets swing ahead of Fed’s latest rate decision
"Markets are eagerly anticipating today's meeting from the Federal Reserve with traders looking for signs over whether a March rate...Business Economy
Milaha 2021 profit $199m
The company's profit in 2020 was $16.20 million.The Board of Directors decided to recommend to the General Assembly to distribute a 30 percent cash dividend of the par value of a share.
It is equivalent to QAR 0.30 per share, representing a payout ratio of 47 percent of 2021 net profit.
Dana Gas posts $317m profit
The company's revenue rose 30 percent to $452 million in 2021.The company revealed the profit in Preliminary Unaudited Financial Results for the full year ended 31st December 2021
Revenue increased 30 percent to $452 million in 2021 compared to $349 million in 2020 due to higher oil prices
UAE and Spain to collaborate in 4IR, industry, aerospace
The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Industry, Trade and Tourism (MITT) signed a...The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Industry, Trade and Tourism (MITT) sign an MoU.
Other areas of collaboration include automotive, health and life sciences and standards and regulations.
France’s TotalEnergies signs $27bn oil, gas, solar deal in Iraq
French giant TotalEnergies signed a $27-billion contract to invest in oil, gas and solar production in Iraq Sunday, as the...Oil minister Ihsan Ismail said this is the largest investment in Iraq by a western company.
Despite being the number two producer in the OPEC, Iraq is experiencing an acute energy crisis and chronic blackouts that fuel social discontent.
CBD net profit $394
The bank's assets reach a record AED114 billion: CEOThe CEO attributed the net profit to improved net interest income, stable non-funded income and lower expected credit losses.
Operating income for the full year of 2021 amounted to AED3.18 billion, an increase of 6.9 percent, attributable to higher Net Interest Income.
JBA head, Tunisian envoy discuss enhancing joint economic cooperation
According to a JBA statement it has helped promote joint investments and increase the volume of Jordan-Tunisia trade exchange.According to a JBA statement it has helped promote joint investments and increase the volume of Jordan-Tunisia trade exchange
The two sides discussed joint cooperation in the sectors of garment, textiles, banking, contracting, traditional industries, transport, shipping, and pharmaceutical industries.
Disney+ shines amid streaming TV competition
Disney saw streaming subscriptions pick up pace as pandemic restrictions ease, while Netflix saw them slow.Disney+ saw its big studio muscle help it reach 129.8 million subscribers worldwide, some 5 million more than predicted
Netflix ended the year with 221.8 million subscribers, a massive number, but it announced slowing growth
L’Oreal sales, profits surge
Sales rose by 15.3% from last year to $36.9 bn.Sales rose by 15.3 percent from last year to 32.3 billion euros ($36.9 billion), marginally above the analyst consensus figures compiled by Bloomberg and Factset
net profits hit 4.6 billion euros, up by more than a quarter from 3.6 billion in 2020 and 3.75 billion in 2019
Microsoft vows app store fairness
The company is courting favor of antitrust regulatorsMicrosoft president Brad Smith laid out a set of "Open App Store Principles" that will apply to the store it runs for Windows-powered computers
Microsoft's $69 billion deal to buy video game powerhouse Activision Blizzard needs to pass muster with regulators in Europe and the United States
Growing cyber threat demands a united response
A 2021 report by McAfee estimates the monetary loss from cybercrime globally to be approximately $945 billion. When you add...The dollar cost to organizations of all types due to cyber threat is staggering. It is estimated that the average cost of remediation in 2021 was $517,961 in the UAE
The monetary loss from cybercrimes globally is put at $945 billion. When you add to this the global cost of cybersecurity products, it touches $1trn annually
