GENEVA, 31st August 2025 (WAM) -- The International Air Transport Association (IATA) said Sunday that global passenger demand grew by...
The company reported $37.3 billion in sales in 2023.Uber booked a net profit of $1.9 billion in 2023, compared with a loss of $9.1 billion in 2022, according to a statement
The company's shares were down slightly in trading on Wednesday, but they have doubled in value in the past year
Despite challenges from regional tensions and fluctuating oil prices, sectors like F&B and pharma see notable increases, showcasing the diverse...Despite challenges from regional tensions and fluctuating oil prices, sectors like F&B and pharma see notable increases, showcasing the diverse impacts on regional markets.
Kuwait led with a 6.6% gain, while declines in Qatar, Saudi Arabia, and Abu Dhabi were balanced by other markets, amid notable drops in energy, materials, and real estate.
Following the announcement, the firm's shares rise 5% in trading.In the quarter ending Mar 31, Alibaba posted sales of 260.3 billion yuan ($36.7 billion), up five percent year on year, the firm said -- but below analysts' forecasts.
Based in eastern China's Hangzhou, Alibaba is a key player in the country's digital sector and is considered a barometer of consumer spending in the world's second-largest economy.
- Prague, Czech Republic - Czech farmers have killed about 140,000 birds since the start of the year in a bid to...
The infected birds had the highly pathogenic H5N1 bird flu strain, which is potentially transmissible to humans
The three commercial farms, all in central Czech Republic, have had to cull 50,000 ducks and 90,000 chicken
Dubai, UAE -- The Dubai Land Department (DLD) records an all-time high of 1.6 million transactions worth AED 634 billion...Real estate investments' value grew by 55 percent during the same period, reaching approximately AED 412 billion.
There were 157,798 investments attributed to 113,655 owners, including 71,002 new investors, indicating a 20 percent increase.
- The EDITDA of $1bn benefited from OPEX saving of $28m.
The company said it successfully delivered on the five-year target it communicated to the market during its first Capital Markets Day in May 2019.
The company recommended a dividend of $350 million for the second half of 2023.
- As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.
Starbucks sales grew at their slowest pace in a year, and profits fell short of Wall Street estimates as a spending slowdown took its toll.
McDonald's shares declined for the second day after the company failed to achieve targeted sales for the first time since 2020 due to the war in the Middle East.
Its earnings were US$36.2bn, half of what is was in 2022.The company's net profit slumped 59 percent last year to $11.9bn, dragged down by a decline in energy prices
Anders Opedal, the company CEO, said that in 2023 the group "continued to contribute to energy security in Europe"
Net profit came in at $21.4 bn, an increase of 4% over 2022.Net profit came in at $21.4 billion, an increase of four percent over 2022, with the the energy giant proposing a 7.1 percent increase in its annual dividend
After adjusting for non-recurring items, net profit stood at $23.2 billion, a fall of 36 percent from 2022 when the company withdrew from Russia
Doha, Qatar-- Qatar and Egypt are looking to boost trade and economic ties between the two countries, besides exploring ways...The Qatar Chamber first vice-chairman said Egypt offers abundant opportunities, which are attractive to Qatari investors
The Egyptian official said that his country has brought in a host of reforms relating to investment for foreign investors
