Google AI research hub in Paris to host 300 experts
The new hub part of a trend for big tech firms to base teams in European centers.
Business
e&, Vodafone form relationship
Business
Nissan 2022 profit $1.6bn
Business
stc Q1 revenue $4.84 billion
Business
Bezos to exit as CEO of Amazon
Bezos, 57, was set to hand over the job of Amazon chief executive on Monday to Andy Jassy He will...
UAE kitchen firm Kitopi’s valuation crosses $1 billion
The Dubai-based cloud kitchen company Kitopi has crossed $1 billion in valuation, its CEO has said Its valuation went up...
DP World acquires US-based logistics provider
DP World has announced the acquisition of 100 percent of syncreon for an enterprise value of US$1.2 billion. This transaction...
TikTok users can now post videos up to 3 minutes
Option to post longer videos will roll out in the coming weeks TikTok has more than 1 billion users worldwide;...
Travelport agencies won’t have to pay Emirates’ GDS surcharge
Emirates NDC content will be distributed via Travelport+ platform GDS booking surcharge ranges between $14 and $25 Travel agencies connected...
Logistics company Shipsy sets up Dubai HQ
The firm plans to recruit for leadership and mid-level management roles in the sales department and build new channel partners...
Amazon targets net-zero carbon in new Mena projects
Amazon's Climate Pledge aims to achieve net-zero across its businesses by 2040 The projects are expected to come up Saudi...
Schneider Electric partners with Hewlett Packard in Egypt
The new alliance enables Schneider Electric to foray into new markets, sectors The alliance targets corporations and professionals in system...
Dubai’s Emaar may raise $500 million via Islamic bonds
The builder of the world's tallest building, Dubai's Burj Khalifa, last issued international bonds in 2019, raising $500mln via sukuk...
Aramco awards East-West Pipeline compounds contract to special-purpose vehicle
Saudi Aramco has signed a deal for the construction of six residential compounds along the 1,200-km East-West pipeline The contract...
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Google AI research hub in Paris to host 300 experts
The new hub part of a trend for big tech firms to base teams in European centers.
Business
Company News
Tabreed Q1 net profit $64.37m
Business
Aramex Q1 net profit down 49%
Business
Latest News
Foxconn Q1 profit dips 56%
Business
e&, Vodafone form relationship
Business
Nissan 2022 profit $1.6bn
Business
AD Ports Q2 revenue grows 66%
The company attributed growth to increased volume across key sectors.
Business
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Business
RSG, Zain build carbon-neutral 5G network
The network runs on clean energy from world's largest carbon-neutral grid.
- This is made possible through the utilization of more than 750,000 solar panels, as well as through the implementation of purpose-designed towers for this network.
- RSG is the multi-project developer behind the ambitious regenerative tourism destinations, The Red Sea and Amaala.
Business
TAQA H1 net income $3.67bn
The group revenues were AED 26.8 billion, 5% higher than H1,2022.
- The higher revenues were attributed primarily to higher pass-through bulk supply tariffs and transmission use of system within the Transmission and Distribution segment.
- The company announced second interim cash dividend for the year of 0.65 fils per share (approximately AED731 million).
Business
Ma’aden Q2 revenues hit $1.86bn
Record phosphate output boosts the company's performance.
- The firm's net profit records US$93.5 million, reflecting the downturn in commodity prices
- Debt reduction witnessed with long-term borrowings and net debt decreasing by 11% and 9%