Its net profit for H1 was $474 million.
- San Pedro, United States -- Floating blue paddles dance on the waves that lap a dock in the Port of Los...
"The weakness of yesterday's US retail sales release have given market doves a new lease of life and allowed them...Wall Street had leapt Thursday after the US Commerce Department reported a larger-than-expected 0.8-percent decline in retail sales for January
London equities also jumped as investors drew comfort from a contrasting January rebound in UK retail sales, one day after gloomy news that Britain entered recession
The British bank's net profit jumped to US$5.5bn in 2023.The bank said that Paul Thwaite would become permanent chief executive in the wake of boardroom turmoil
Thwaite takes over from Alison Rose, who resigned as CEO in July after admitting a "serious error of judgment"
Riyadh, Saudi Arabia - The Saudi Ports Authority, Mawani, announced the completion of the Red Sea Gateway Terminal at Jeddah...The gateway terminal has larger capacity, is equipped with the Optical Character Recognition (OCR) feature, and uses 146 different types of equipment
The development of Jeddah Islamic Port’s North Container Terminal is included in the Build-Operate-Transfer (BOT) contract
The global pipe maker invested US$60m in the business.The new complex is expected to generate technical and administrative job opportunities for UAE nationals
The newly built complex represents the first of its kind in the UAE to thread full-length premium connections
The region is making significant strides in integrating AI into various sectors, promising substantial productivity gains and innovation, a latest...The region is making significant strides in integrating AI into various sectors, promising substantial productivity gains and innovation, a latest report points out.
The Boston Consulting Group report reveals that 61% of Middle Eastern executives anticipate over 10 percent productivity gains from AI and GenAI in 2024.
- The annual net profit in 2022 was US$470 million.
The company demonstrated resilient performance, despite US$106 million impact of unfavorable foreign exchange movements.
Adjusted EBITDA increased to $550.8 million, reflecting a 2.8 percent growth year-on-year with a healthy adjusted margin of 22.8 percent.
QEWC market share in supply of electricity was 61 percent.The earnings per share amounted to US$0.38 (QR 1.41) as of December 31, 2023.
QEWC reported revenue of $799 million in 2023 compared to $747 million in 2022.
- The new hub part of a trend for big tech firms to base teams in European centers.
In recent years, Google has poured investment into its engineering facility in Zurich, which also houses AI-focused teams from Meta, Apple and Microsoft.
The French capital has long pushed to be regarded as a cutting-edge hub for tech firms, and Meta established an AI research team there in 2015
This is the bank's biggest net profit in 15 years.The lender said it had "benefited from strong customer business and persistently high interest rates".
Like other European lenders, Commerzbank was boosted by the European Central Bank's unprecedented streak of rate hikes last year, aimed at taming red-hot inflation
- Jeddah, UAE--The Arab Tourism Organization (ATO) has signed a partnership agreement with the International Strategic Management (ISM) company to achieve...
The ISM will collaborate with the ATO to achieve its goals, harmonizing them with the Arab League's Sustainable Development Plan
The partnership between the ATO and ISM will enable the Arab countries to develop tourist destinations to achieve sustainable development
