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Emirates Post advises customers to transact through its official app or website for payments
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Netix Global BV to curate conference on building automation in September
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Emirates Group Security, India’s GMR Aviation Academy to foster aviation training
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Al Maryah Community Bank appoints board of directors
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Emirates posts $5.5 b loss due to pandemic restrictions
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Tesla to accept bitcoin again when greener
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Ooredoo Kuwait selects Ericsson Charging to improve customer experience
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From Jun 15, Facebook employees can opt for remote work permanently
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Xiaomi launches first electric car
The car manufactured by Xiaomi likely to enter market by 2025.
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Ethmar net profit up $114m
The company's net profit in H1 2022 was only $6.5 million.
- The increase reflects the continuous efforts of EIH to diversify its revenue sources, the company said.
- The total assets of EIH have also increased significantly, from AED77.7 million at the end of 2022 to over AED2.23 billion at the end of the first half of 2023.
Business
TCS Q1 profit at US$1.35bn
Revenue from operations was US$7.2 billion.
- TCS, India's second-most valuable company by market cap, reported a net profit of 110.7 billion rupees ($1.35 billion).
- TCS was boosted by 16.1 percent growth in its UK market, while North America and Europe grew by 4.6 percent and 3.4 percent.
Business
Agthia Group launches Agthia Ventures
New firm is a $54 million corporate venture capital fund.
- Funded by Agthia and its parent company ADQ, Agthia Ventures will be managed together with Touchdown Ventures.
- Agthia Ventures will help entrepreneurs through access to the firm’s extensive industry knowledge, diverse distribution networks.