Its net profit fell five percent to 13.1 billion kroner ($1.24bn).
- It will be its first foray into the electric vehicle sector.
Algeria's state energy firm is ready to supply Europe with more gas in view of a possible decline due to...Sonatrach is "a reliable gas supplier for the European market and is willing to support its long term partners in the event of difficult situations," Hakkar was quoted as saying
The Tansmed pipeline, jointly operated with Italy's ENI, has a capacity of some 32 million cubic meters per year -- four times that of the Medgaz pipeline to Spain
The government said the non-oil foreign trade figures of all emirates also witnessed growth individually in varying levels. The growth...The value of national non-oil exports amounted to about AED 354 billion, setting a new record, exceeding AED 300 billion for the first time in its history.
China ranked first as the country's largest trading partner in 2021, accounting for 11.7 percent of the UAE's total foreign trade with the world.
Meta and The Entrepreneurial Nation program have launched ‘Boost with Facebook’ program in the Emirates that is aimed at attracting...The Entrepreneurial Nation, Ministry of Economy's initiative, helps entrepreneurs set up as well as expand their ventures through PPP.
There are around 350,000 SMBs in the UAE, accounting for 86 percent of the labor force in the private sector and making up over 60 percent of GDP.
- e&, the UAE telecom firm, is looking to widen its operations overseas and push growth across all business segments.
The company intends to do this by pursuing regional growth opportunities as well as tapping into markets beyond telecom
E&’s “telecom arm” will maintain its rebranding in the UAE and internationally
- Fatima Group, a Pakistani industrial conglomerate, has signed two MoUs of over $1 billion with two key global agriculture stakeholders...
Fatima Group is known as Pakistan’s fastest-growing industrial conglomerate with investments in fertilizers, textiles, sugar and cement.
The collaboration is expected to boost agriculture in Pakistani, which has 20 percent of the country’s GDP tied to it.
Saudi stocks posted gains in the early hours of trading on Sunday due to a dip in the prices of...Arabian Mining Co, known as Ma'aden, gained 6.92 percent to top the gainers in early trading after posting a profit of SR5.23 billion ($1.4 billion) in 2021
Aramco, the largest player in the Saudi oil market, gained 0.97 percent.
US Senator Mark Warner wrote to Meta, Reddit, Telegram, TikTok, Twitter and other tech giants to stop Russian disinformation spreading...Facebook and YouTube have curbed Russian media's ability to earn money on their platforms following Ukraine's request
Experts have urged US companies to pick sides in geopolitical conflicts such as the one ongoing in Ukraine
AG&P will use an Adnoc L&S vessel as a floating storage.The agreement is valid for 11 years, with the option of extension by 4 years
The two parties have a 2021 agreement to provide another FSU in India
- The sanctions came as the Russian military stepped up its bloody, multi-pronged assault against Kyiv and other Ukrainian cities.
The measures were backed by the United States, Canada, the European Commission, Britain, France, Germany and Italy
In a symbolic gesture likely to resonate in Moscow and the Kremlin, the stunning news was first delivered from Europe
- Consumers are spending more on beauty products and fragrances despite inflation, says Salem Kaissi, Vice-President of multi-brand luxury beauty concept...
Brands have had to strategize and react quickly to continue resonating with consumers in the market
According to Euromonitor International, the sector is estimated to be worth $58.3 billion by 2025
