Maaden Q1 net profit down 81%
Business
Emaar EC Q1 losses $45m
Business
Office 365 prices to go up from 2022
The prices would apply globally with adjustments for certain regions.
- There are no changes to pricing for education and consumer products of Microsoft at this time
- Microsoft is also rolling out unlimited dial-in capabilities for Microsoft Teams meetings across all suites in the next few months
Business
Nokia launches 5G course
New course addresses the challenges faced by all industries, governments, and individuals in securing 5G systems
- The course is part of Nokia’s program to train and certify industry professionals on 5G technology
- New course addresses the challenges faced by all industries, governments, and individuals in securing 5G systems
Ofco expands fleet with 7 vessels
Ofco is the marine services arm of Abu Dhabi Ports.
- They include four Anchor Handling Tugs, a 65-meter landing craft, a supply ship, and a multipurpose safety standby vessel
- These will further extend the company’s capabilities in providing onshore and offshore integrated logistics solutions and subsea services
Business
Toyota to cut Sept production
The world's largest automaker had planned to build just under 900,000 vehicles next month
- The world's largest automaker had planned to build just under 900,000 vehicles next month
- The Japanese giant's rivals have also been forced to slash production targets
Saudi Ceramics plans $66m factory
The facility will have an annual capacity of 8.25 million sq m.
- The facility is expected to be financed through internal accruals and fresh borrowings
- The project will commence from the fourth quarter of 2021 and be completed by Q2 2023
FB to unveil digital wallet soon?
The Novi wallet has been under development for two years.
- Novi is an interoperable digital wallet for people to move money around domestically and internationally
- Facebook as secured licenses to launch Novi in almost all US states
Business
Twitter lets users flag ‘misleading’ content
A new test feature will allow some Twitter users mark tweets as "misleading".
- A new test feature will allow some Twitter users in the United States, South Korea and Australia to mark tweets as "misleading" after clicking "report tweet."
- Users can then be more specific, flagging the misleading tweet as potentially containing misinformation about "health," "politics" and "other."
Business
Facebook blocks Taliban’s WhatsApp accounts
Taliban had set up Whatsapp hotline to receive complaints
- Due to US sanctions, Facebook has moved to shut down a WhatsApp hotline the Taliban had set up to receive complaints about violence and looting
- A WhatsApp spokesperson said in an email to AFP that the company is required to follow US sanctions.
Himalaya plans $32m factory in Dubai
The medicines made here will be exported to over 100 countries.
- The facility will produce 3 billion tablets, 15 million syrup bottles, and 3 million units of ointment every year
- It will be set up in Dubai Industrial City, and create hundreds of specialized jobs
Aramco eyes $17bn from gas pipeline
This is on the lines of the $12.4bn it got from the oil pipeline deal.
- Potential bidders include North American private-equity and infrastructure funds, as well as state-backed funds in China and South Korea
- Aramco has reportedly approached them through its advisers before the formal sale process starts in the next few weeks
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Company News
Gazprom 2022 profit at US$15bn
Business
Latest News
Maaden Q1 net profit down 81%
Business
Emaar EC Q1 losses $45m
Business
Country Garden withholds repayment vote
The builder has accumulated debts of more than $150bn.
Business
Vietnam’s VNG files for US IPO
VNG operates music streaming, mobile payment and online games.
Business
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Business
Microsoft submits new Activision deal
A previous version of the acquisition deal was blocked.
- Xbox-owner Microsoft launched a bid for Activision Blizzard early last year, seeking to establish the world's third biggest gaming firm by revenue.
- Britain's Competition and Markets Authority said it has "opened a new phase 1 investigation into the restructured deal by Microsoft to buy Activision".
Business
Sukoon Insurance sets up OIWSS
Aim is administration of Employee Money Purchase schemes.
- OIWSS has established a partnership with Intertrust Group.
- OIWSS will be the trustee and the operator of this scheme
Business
DEWA files patent for energy liquid
The liquid enhances efficiency of energy storage systems.
- The novel liquid is an effective and safe solution for energy storage systems operations, notably lithium-ion batteries and fuel cells.
- DEWA chief Al Tayer said the patent supports its commitment to promoting energy security and sustainability.