Paris, France -- Global oil supply hit a record high in August as OPEC+ and other countries ramped up production,...
A steep downward revision to US job creation cemented expectations that the Federal Reserve would begin lowering its benchmark rate...
London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas...The bank added it would scale back lending for existing fossil fuel projects as the sector faces intense pressure from activist investors to help tackle climate change.
The British lender's move to curb financing of oil and gas projects follows similar announcements from European bank heavyweights BNP Paribas, Credit Agricole, HSBC and ING.
Higher revenues from various segments boosted profit.Allowance for impairment in trade receivables and finance charges (FCs) declined during the same period, Argaam reported.
On a quarterly basis, the telecom operator's third quarter leapt from SAR 47.9 million in Q2 2023/24.
DUBAI, UAE – DMCC successfully concluded its most recent Made for Trade Live tour of the US, hosting events in...DMCC sees opportunity for American businesses in Dubai after the success of the latest Economic Policy Dialogue held between the US and UAE
The events saw 100 American executives attend in which speakers advised on the opportunities on offer to American businesses in the UAE
The firm reported a marginal YoY decline in Q4 revenue.Aramex said the revenue growth in International Express was offset by the decline in revenues from other products.
The company posted a 2 percent YoY growth in gross profit for Q4 2023, reaching AED 389 million and remained stable for the full year.
The luxury giant posted a profit of US$4.6bn in 2023.The company will disburse a 4,000-euro bonus to all employees early this year as part of "its policy of sharing the fruits of growth"
Its sales climbed 14.5% in Japan and 12.9% in the rest of the Asia-Pacific region, with the group opening its 33rd store in China
- Vienna, Austria--The OPEC Fund for International Development (OFID) has granted a US$30 million loan to support the development of a...
The construction of the road will provide better, faster and safer transport connections in the central-east region of the country
The Islamic Development Bank (IsDB) along with the government of Uganda will co-finance the road project in the African nation
- The company's profit surged to US$6.8bn last year.
The cosmetics giant in statement said its net profit jumped to $6.8 billion while sales grew 7.6 percent
In North Asia, its sales fell 5.8 percent to $11.52bn, but in South Asia sales jumped 23.2 percent to $3.66bn
Retailers in the region are relying on card-linked offers, utilizing data analytics, mobile apps, and blockchain to enhance engagement and...Retailers in the region are relying on card-linked offers, utilizing data analytics, mobile apps, and blockchain to enhance engagement and personalize shopping experiences.
The sector are overcoming integration challenges through education, and embracing new market trends like personalized offers, digital wallets, and gamification in loyalty programs.
Emaar property sales rose to US$ 11 billion in 2023.Emaar also achieved 63 percent growth in EBITDA, reaching US$4.4 billion (AED 16 billion) during 2023 as compared to 2022.
This performance was supported by growth in tourism, a continued upward trend in retail sales and a consistent increase in real estate demand.
- Total assets grew 25% in 2023 on strong growth in loans, advances.
UAB’s financial performance was aided by significant progress across the core businesses with total operating income recording a 15 percent growth.
Total assets grew 25 percent year-on-year in FY 2023 to AED17.6 billion, driven by the strong growth in loans, advances, and Islamic financing.
