The GCC luxury market segment has experienced significant growth, driven by an increase in the number of high-net-worth individuals. Accommodating...
Washington, United States -- Mounting trade wars between the United States and its largest economic partners deepened Tuesday as huge...
Revenue rose as countries boost military spending.Order intake for the Swedish company totaled US$6.1 billion in 2022, a 45 percent increase from the previous year.
They soared by 144 percent in the fourth quarter alone to US$2.8 billion year on year.
Russia is part of an alliance with OPEC that meets regularly to decide on oil output levels. As a result...The international benchmark, Brent North Sea crude, leapt 2.3 percent to $86.48 per barrel. New York contract WTI soared 2.5 percent to $80.01.
"Russia will voluntarily reduce production by 500,000 barrels per day in March. This will help restore market relations," Deputy PM Alexander Novak said.
The 7.8-magnitude quake struck as people slept early Monday, with Turkish officials saying that over 70,000 people have been injured...Immediate assistance of $780 million will be offered via Contingent Emergency Response Components from two existing projects in Turkey
An added $1 billion in operations is being prepared to support people affected amid recovery and reconstruction from the catastrophe
The emirate has achieved record growth in the service of refuelling vessels during in 2022, as it recorded about 1.1...Dubai is one of the leading players in the maritime sector, as it ranks among the most important global maritime destinations such as London, Singapore, Shanghai and Hong Kong
The emirate has achieved record growth in the service of refuelling vessels during in 2022, as it recorded about 1.1 million metric tonnes, with a growth rate of 30 percent
- Since March 2021, bank's stock lost over 75% of value.
The Zurich-based lender had waved goodbye to more than eight billion Swiss francs during the global financial crisis 15 years ago
Credit Suisse recorded net asset outflows of 110.5 billion Swiss francs in the fourth quarter of last year alone, mostly in October
- More than 17,500 people have died so far in the 7.8-magnitude earthquake that struck Turkey and Syria.
More than 17,500 people have died so far in the 7.8-magnitude earthquake that struck Turkey and Syria.
Insured losses will be much lower, possibly around $1 billion, due to low insurance coverage in the area.
The firm's revenues rose to US$44.4 billion in 2022.Investors welcomed AstraZeneca's earnings update, with its share price rallying five percent to US$13.7 in London.
The annual net profit was boosted by cancer treatments and the integration of biotech unit Alexion following a takeover.
Revenue climbed by 17 percent to a record US$31.8 billion.Electric cars accounted for 11 percent of sales last year, compared to four percent in 2021.
Volvo Cars accelerated towards the aim of becoming a fully electric car company by the end of the decade and climate neutral by 2040.
Profit was affected as demand for steel fell and production hit.ArcelorMittal took a $1 billion hit after suspending production at its Ukrainian factory in Kryvyi Rig.
The conflict "resulted in low levels of production, sales and income and created significant uncertainty about the timing and ability" of operations.
- Riyadh, Saudi Arabia-- Saudi Arabia's industrial production index (IPI) for December 2022 witnessed a 7.3 percent increase compared to the...
A surge in mining, quarrying, and manufacturing activity helped the growth in IPI.
Manufacturing activity also increased by 18.5 percent in December 2022 compared to the same period last year.
