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
EITC posts Q1 revenue at $936m
Business
Beema’s Q1 profit soars
Business
Pfizer Q1 profit at $5.5bn
Business
KEZAD, Al Ghurair Foods ink pact
Business
American Q1 profit at $10m
Business
FAB posts Q1 net profit of $1bn
Business
TotalEnergies Q1 profit up 12%
Business
Berain Water of Saudi Arabia ropes in Samba for IPO
The offering could be as much as 30 percent of stake in the company Riyadh-based Berain is one of Saudi...
Kenana Dahlan is head of Edelman Saudi ops
Dahlan has a decade of experience working in strategic communications Her previous roles include in-house positions at King Abdullah University...
Saudi Chemical, GlaxoSmithKline enter into $27m manufacturing deal
New partnership would help create more jobs for Saudis in the Kingdom’s pharmaceuticals sector The partnership is in keeping with...
ADX lists US$1 billion bonds issued by Abu Dhabi Ports
The 10-year bonds, with a primary listing on the London Stock Exchange, rated A+ (stable) by both S&P and Fitch ...
Dubai gets ‘TIRS’ cybersecurity platform
The new platform has been designed by a team of UAE nationals Digital14’s research reveals an exponential surge in phishing...
Aster announces 10-year salary support for bereaved families of staff who died of Covid-19
The company has 21,000 employees, including 2,887 doctors and 6,283 More than 5,100 of these employees have been infected...
National Bank of Kuwait hqrs completed
The work on the project had started in 2013 Projacs International was the Project Management Consultant National Bank of...
JP Morgan names Borja MartÃnez-Laredo as Menat MD
Borja joins the Bank from an international technology firm where he oversaw mergers and acquisitions Prior to this, Borja...
Hassan Allam Holding moves to the intelligent Microsoft Cloud
HAH made the move to Microsoft Azure during the COVID-19 crisis Egyptian company employs over 35,000 people across the...
Grandiose opens new hypermarket in Abu Dhabi
The hypermarket is the largest within the Grandiose chain The new store has a section dedicated to local produce...
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
Airbus Q1 net profit at $514m
Business
EITC posts Q1 revenue at $936m
Business
Beema’s Q1 profit soars
Business
Pfizer Q1 profit at $5.5bn
Business
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Eshraq to buyback shares
Business
KEZAD, Al Ghurair Foods ink pact
Business
American Q1 profit at $10m
Business
FAB posts Q1 net profit of $1bn
Business
GFH Financial Group Q2 net profit $30m
The net profit increased by 32.74 percent compared to Q2, 2022.
Business
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Business
EIH gives $27.2m dividend
The company's net profit for H1 2023 stands at US$121.221 million.
- The company's net profit for H1 2023 stands at US$121.221 million, up from US$6.535 million in 2022
- EIH's assets grow from US$21.171 million in H1 2022 to US$607.19 million in the first half of 2023
Business
QAMCO’s H1 net declines 60.7%
Average selling prices stood at US$2,743 per metric ton.
- Earnings Per Share for QAMCO stands at US$0.0118 as of 30th June 2023, compared to US$0.0302 in 2022.
- Decline in profits is attributed to a 24% drop in average selling prices and a slight decrease in sales volumes
Business
Alibaba quarterly revenue up 14 percent
Alibaba's revenue amounted to 234.1 billion yuan ($32.5 billion).
- Alibaba's net profit was up 51 percent on-year, reaching 34.3 billion yuan ($4.76bn) during the April-June period
- Alibaba is a key player in China's expansive digital economy and the operator of a major online shopping platform