Buffett transformed Berkshire Hathaway from a medium-sized textile company when he bought it in the 1960s into a giant conglomerate,
"Growth is still projected to increase in 2025 and 2026, but at a considerably slower pace than anticipated last October,"...
Dubai, UAE: Dubai Electricity and Water Authority (DEWA) announced the pilot use of ChatGPT, since April 2023, on its website...DEWAt is the first utility in the world and the first government organisation in the UAE to use ChatGPT
The step has been taken as part of the company’s strategy to employ Artificial Intelligence
Doha, Qatar— More than ten million passengers traveled through Qatar’s Hamad International Airport in the first quarter of the current...Some 3.56 million passengers arrived at the airport in January, followed by 3.24 million in February, and 3.5 million passengers in March
During the first quarter of the year, the airport handled more than 540,000 tons of cargo and transferred some 8 million bags
Doha, Qatar-- Uzbekistan has called for establishing a joint forum for businessmen in Doha or Tashkent to review investment opportunities...The minister highlighted opportunities for investment in the Central Asian state, saying large foreign companies have begun investing in various sectors
He lay emphasis on building trade and investment alliances between Qatari and Uzbek companies that contribute to boosting of trade exchange between the two nations
The Saudi company posts net profit of $31.9bn, down 19.25 percent from a year earlier.The result was lower than the $39.5 billion reported in the same period in 2022, when Russia's invasion of Ukraine caused oil prices to surge
Aramco is the jewel of the Saudi economy and the main source of revenue for Crown Prince Mohammed bin Salman's Vision 2030
Riyadh, Saudi Arabia - Saudi Arabia is launching tourism projects worth SAR 1.5 billion ($400 million) in the targeted destinations...The Saudi Ministry of Tourism has sponsored ‘The Collective’ initiative launched by Kerten Hospitality, a hotel investment firm, to establish its projects under one umbrella
The announcement represents an important step toward achieving the objectives of the national tourism strategy by developing quality hospitality facilities
Kuwait City, Kuwait--The Central Bank of Kuwait (CBK) has announced the latest allocation of issuance of bonds and tawarruq valued...Early this month, the bank issued bonds and tawarrruq worth US$ 660 million for three-months term
It said the value of the first issuance amounted to $528 million for three months with a return rate of 4.250 percent
- Doha, Qatar - Fifty companies listed on Qatar Stock Exchange (QSE) have reported a combined net profit of $3.45 billion...
The industries sector saw the biggest decline of 44.18 percent, resulting in a net profit of $656.22 million
The insurance sector recorded the highest growth with a 79 percent increase, generating a net profit of $102.94 million
Sharjah, UAE - Sharjah's GDP has grown by 5.2 percen to AED 136.9 billion ($37.05 billion) compared to AED 130.1...The non-oil sector has reported a 5.2 percent increase, bringing the total to AED 133.4 billion (36.08 billion) in 2022
'Wholesale and retail trade; repair of motor vehicles and motorcycles' achieved the highest growth in the emirate's GDP
- Abu Dhabi, UAE-- Designed to achieve a common Arab vision for the digital economy, the Arab Federation for Digital Economy...
The agreement is designed to bolster the Arab digital economy, strengthen intra-Arab trade, and increase the reality of Arab trade exchange
Rated as the fastest growing market in the world, the e-commerce market in the MENA region was valued at $49 billion at the end of 2022
ABU DHABI, UAE - The Statistics Center - Abu Dhabi (SCAD) has released the Gross Domestic Product (GDP) estimates report...Abu Dhabi's impressive growth across its diverse sectors during 2022 is attributed to its robust economic framework.
As per the estimates, in Q4 2022, Abu Dhabi achieved real GDP growth of 5.9 percent worth US$75 billion.
