WEF24: Pragmatic actions to help in carbon neutrality
Technology investment and corporate partnerships can play a crucial role in driving significant emission reduction, Hans Kobler of Energy Impact...Economy Energy
Saudi holdings of US Treasuries surge to $131.9b in December 2023
ABU DHABI, UAE - Saudi Arabia’s holdings of US Treasuries reached US$131.9 billion in December 2023, up $3.8 billion month-on-month,...Business Economy Markets
Credit Suisse sells 8.6% stake in Allfunds
Bank raised US$325m from its stake sale of Spanish firm.Credit Suisse acquired the minority stake in 2020 after selling its business-to-business investment fund platform, InvestLab, to Allfunds.
The bank was rocked last year by the collapse of the British financial firm Greensill.
Dlala Holding to resume trading
The authorized capital of the company is US$78 million.The QSE announced after completing the process of reducing the company's issued capital from 284.16 million shares to 190.387 million shares.
Dlala Holding Company was established and listed on Qatar Stock Exchange in 2005.
Thousands join Hungary teacher rebellion over ‘humiliating’ pay
With supermarket cashiers paid more than most teachers, thousands have joined the protests since the beginning of September, with human...Hungary is already in the grip of a chronic teacher shortage, with few young people joining the profession and 40 percent of teachers aged over 50.
According to the EU, the centralised management of schools also leaves school directors with limited autonomy to improve teaching quality, further eroding morale.
Pound sinks against dollar on UK political uncertainty
The British pound sank against the dollar on political uncertainty after the resignation of UK Prime Minister Liz Truss, while...The dollar strengthened also on expectations that the US Federal Reserve would press ahead with its program of bumper interest rate hikes.
Traders were girding for another possible intervention by Tokyo after the dollar went above 150 yen.
UAE-UK Business Council to promote trade, investment
The UAE-UK Business Council hosted its 20th Plenary Meeting in Abu Dhabi, co-chaired by Ahmed Al Sayegh, Minister of State,...A new project on opportunities for UK-UAE collaboration on the decarbonization of the built environment was also announced.
The Business Council announced it will support the Cherie Blair Foundation for Women.
Shortest-serving PM in history leaves scars on the economy
The crisis-hit PM, elected Conservative leader just six weeks ago on a tax-slashing platform, announced her resignation Thursday. Her budget,...The measures triggered a loss of confidence on markets, sparking the downfall of the 47-year-old Oxford-born politician
Investors also felt the budget splurge was in opposition to the BoE's recent interest rate hikes which sought to bring down runaway inflation
EU agrees ‘roadmap’ to contain energy prices
The summit agreement set out a "solid roadmap to keep on working on the topic of energy prices", European Commission chief...The accord came after 11 hours of wrangling over broad proposals to lower energy bills as gas prices pushed skywards by the war in Ukraine
The bloc's 27 member states have been squabbling for months over which joint initiatives to adopt, riven by the fact that energy mixes in the countries vary greatly
Nokia Q3 profit at $419m
The Finnish company reports net sales of $6billion.Finn company Nokia reported a 22-percent rise in profit to $419 million
Nokia CEO Pekka Lundmark said the quarter demonstrated that he was delivering on the ambition to accelerate growth.
Ericsson Q3 profit at $480m
Firm is making 'pricing adjustments' as inflation soars.Ericsson's shares closed down 15 percent on the Stockholm stock exchange.
The lower profits were partly due to Ericsson's $6.2 billion acquisition of US cloud communications company Vonage.
Dubai to host 3 healthcare events next week
The United Arab Emirates is set to host three healthcare events next week in Dubai where over 4,000 healthcare professionals...Over 4,000 healthcare professionals and participants are expected to attend.
Around 140 expert speakers will deliver 110 scientific sessions and over 40 participating countries will also be present.
