Growth fueled by Ford Territory, F-150 and other models.

The Shariah-compliant facility was secured with several banks.

Chief Executive James Quincey described consumers in North America as "holding up well," although he acknowledged "a little softening" through 2023 in the United States due to persistently higher prices that have pressured low-income shoppers. Coca-Cola projected 2024 revenue growth of six to seven percent when foreign exchange and the...

It now predicts full-year net profit to touch US$6.1 billion.

The airline backs intensified oversight from the FAA.

Brussels, Belgium - Apple's iMessage and Microsoft's Bing search engine got a reprieve from tougher EU rules curbing how tech titans do business, the European Commission said on Tuesday. From next month, the world's biggest digital firms, identified as "gatekeepers" by the EU, must comply with strict do's and don'ts under...

The firm recorded a 27 percent rise in profit compared to 2022.

Brussels, Belgium - The European Commission on Tuesday officially extended an exemption from contested rules to leave a share of agricultural lands fallow, which had become a flashpoint for protesting farmers across the bloc. First lifted in 2023 in response to market disruptions caused by Russia's invasion of Ukraine, the rules...

The Group's revenues surged 56 percent to $4.54 billion.

Dubai, UAE -- American hardwood lumber (sawn timber) shipments to the Middle East and North Africa (MENA) region reached $61.14 million and a volume of 74,791 cubic meters in 2023, according to the American Hardwood Export Council (AHEC). Significant increases were seen in exports of American hardwood lumber to the...

Dubai, UAE -- The OPEC Fund for International Development (OFID) has committed a US$27 billion to support 4,000 development projects in over 125 countries since its inception, said Dr. Abdulhamid Alkhalifa, OFID Director-General. In 2023, funding reached a record $1.7 billion through 55 projects worldwide, bolstering initiatives promoting social and...

The cryptocurrency has enjoyed a strong run-in recent month, fueled by expectations US lawmakers would allow the creation of exchange-traded funds (ETFs) that track the price and let the public invest in crypto without directly purchasing it. The currency remains well below its record value of almost $69,000 in 2020,...

Dubai, UAE--South Korea has pressed for boosting cooperation with the UAE in the field of advanced technology and artificial intelligence (AI) to enable digital government. This was stated by Dr. Koh Jean, Chairman of the Presidential Committee on the Digital Platform Government in the Republic of Korea, on the sidelines...

Sales at the French firm dipped last year to US$30.5bn.

The company's revenue for the year 2023 was US$3.05bn.

The fund has an existing portfolio valued at US$158m.

The aim is to foster avenues for collaboration in technology.

The Kingdom's openness to 100 percent foreign ownership for onshore firms and zero-tax policy make enhance its appeal as business incubation destination.

ABU DHABI, UAE – The Emirates General Pension and Social Security Authority (GPSSA) has issued a circular to government and private sector employers, detailing the regulations for pension deductions and end-of-service gratuity in line with Federal Decree Law No. 57 of 2023. The circular included limiting the procedure of deduction...

Abu Dhabi Exports Office, Mashreq and ADCB to provide financing.

ABU DHABI, UAE - Secretary-General of the Organization of Petroleum Exporting Countries Haitham Al Ghais said that OPEC is in active talks with several nations eager to join the OPEC+ Charter of Cooperation, following the recent accession of Brazil. The names of these countries will be announced after the completion...

The company's net profit in 2022 was QR 1.76 billion ($482m).

It will make the Probox van and Mazda-branded Familia van.

It posted an 8% jump in net profit to US$337m for last year.

Sharjah, UAE--The Sharjah Chamber of Commerce and Industry (SCCI) and the Oman Chamber of Commerce and Industry (OCCI) discussed ways of enhancing cooperation in the investment field and developing mechanisms for promoting the joint efforts aimed at supporting the business community in Sharjah and Oman. The two sides explored promising...

Manama, Bahrain--Bahrain will hold the seventh edition of the "Bahrain Smart Cities Summit 2024" from March 5 to 6 under the theme"achieving progress through artificial intelligence", Wael bin Nasser Al Mubarak, the Minister of Municipalities and Agriculture announced. Al Mubarak affirmed the kingdom's keenness to adopt the best technologies and...

Form Saudi Arabia to the UAE, Qatar to Kuwait, governments of the region compete to jumpstart an industrial sector. But doubts remain whether it can be pulled off.

TABUK, SAUDI ARABIA - Red Sea Global (RSG) has completed a US$522 million (SAR2 billion) financing agreement with Riyad Bank, a press release said on Sunday. According to the release, the financing supports RSG's Joint Venture (JV) with Kingdom Holding Company (KHC), a prominent global investment company headquartered in Saudi...

Dubai, UAE -- Ministers of labor and human resources from 16 Asian countries sending and receiving workers have called for using advanced technology in innovative initiatives aimed at resolving labor disputes and expediting verdicts. They also aimed to strengthen wage protection systems and facilitate skill mobility among participating countries. The...

He reportedly intends to sell, next July, 50 million shares of the group.

Berrechid, Morocco -- Around this time every year, Moroccan wheat farmer Abderrahim Mohafid is usually preparing for his spring harvest, but this year his fields lay unusually bare. On the road leading up to his hamlet in Berrechid province, Morocco's historical breadbasket situated some 40 kilometers (about 25 miles) southeast of...

Its sales in China slumped 35% from April to December.

Abu Dhabi, UAE--The total public expenditure of Arab countries combined jumped by 9.8% to $957.5 billion in 2022, compared to $878.9 billion in 2021, according to the Arab Monetary Fund (AMF). AMF, in its Joint Arab Economic Report, explained that current expenditure in Arab countries increased by about 9.9% to...

The firm posted a year-on-year net profit rise of 316 percent.

London, United Kingdom - Europe's main stock markets steadied Friday as traders reacted to more earnings updates from top companies, while awaiting revisions to US inflation data. Asia saw holiday-thinned trade, with investors there struggling to build on another record-setting day on Wall Street. "Today sees things slow down after a...

London, United Kingdom - An Australian man went on trial in London this week over his claims of inventing bitcoin -- not the first time someone has been linked to being the cryptocurrency's enigmatic creator. Computer scientist Craig Wright, 53, says he is "Satoshi Nakamoto", the pseudonym of bitcoin's creator and...

Expanded investment and record development sales boosted profit.

London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas projects, but still ran into fierce criticism from campaigners who said the moves don't far enough. As part of its updated climate strategy, the bank added it would scale back...

Higher revenues from various segments boosted profit.

DUBAI, UAE – DMCC successfully concluded its most recent Made for Trade Live tour of the US, hosting events in New York, Brooklyn and Washington DC as it continues to build on growing bilateral trade and investments between the two countries. In 2023, DMCC saw a rise of over 10...

The firm reported a marginal YoY decline in Q4 revenue.

The luxury giant posted a profit of US$4.6bn in 2023.

Vienna, Austria--The OPEC Fund for International Development (OFID) has granted a US$30 million loan to support the development of a key transportation link in Uganda. The rehabilitation of the Katine-Ochero road will provide better, faster and safer transport connections in the central-east region of the country. The project is co-financed...

The company's profit surged to US$6.8bn last year.

Abu Dhabi, UAE-- The UAE's real GDP will grow 5.3 percent in 2024, compared to 3.4 percent in 2023, according to S&P Global Ratings, the world's leading credit rating agency. The credit rating agency in a new report said that UAE banks reported exceptional profits for the full year 2023...

Emaar property sales rose to US$ 11 billion in 2023.

The company said orders nearly doubled in mobility division.

Total assets grew 25% in 2023 on strong growth in loans, advances.

The pacts were signed at the PIF’s Private Sector Forum.

The net profit grew by 5.1 percent to $155 million.