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

The system demand for power surged to 56.5 TWh in 2023.

The company is looking to tap into the passion for video games.

Group revenue dipped 0.8 percent to 59.6 billion euros.

Sales retreated 4 percent to 19.57 billion euros.

The company warned of "uncertainty" due to Houthi attacks.

The company reported $37.3 billion in sales in 2023.

Following the announcement, the firm's shares rise 5% in trading.

Dubai, UAE -- The Dubai Land Department (DLD) records an all-time high of 1.6 million transactions worth AED 634 billion ($172 billion) in 2023. The value of transactions increased by 20 percent and the number of transactions surged by 36 percent. Real estate investments' value grew by 55 percent during...

The EDITDA of $1bn benefited from OPEX saving of $28m.

As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.

Its earnings were US$36.2bn, half of what is was in 2022.

Doha, Qatar-- Qatar and Egypt are looking to boost trade and economic ties between the two countries, besides exploring ways to encourage investors from Qatar to widen their investment in Egypt. In this regard, Qatar Chamber First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari's met with Vice President of...

The company aims to reach 142 operational rigs this year.

Riyadh, Saudi Arabia - Saudi Arabia drew 27 million foreign tourists in 2023 and has more than doubled its goal for the end of the decade, an official said on Tuesday. The announcement came less than five years after the Gulf kingdom fully opened up to tourism and as fears persist...

Strasbourg, France - The EU on Tuesday urged a 90-percent cut to its greenhouse gas emissions by 2040, even as the bloc's transition to a greener future was clouded by a widespread farmers' revolt. "Based on the best available science, and a detailed impact assessment, we are recommending that the 2040 target...

TEHRAN, IRAN – The country has exported more than 6.7 million tons of agricultural and food products worth US$4.8 billion during the first 10 months of the current Iranian year (March 21, 2023 – January 20, 2024), an Iranian economic official said. Rouhollah Latifi, the spokesman of the Iranian House...

The deal gives Novartis access to new blood cancer treatment.

Losses from costs of absorbing Credit Suisse narrow.

QatarEnergy will supply 7.5m tons of LNG per year to Petronet.

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has announced a series of significant achievements of the year 2023, underscoring its multifaceted endeavors in bolstering the business community. In 2023, the Chamber saw a notable increase in its total registered memberships, reaching 72,187, with 7,160 new members...

The majority stake was acquired for $7.6 million.

Its third-quarter net profit jumped to US$7 billion.

The acquisition of 44% stake is valued at US$211.20 million.

Abu Dhabi, UAE - Abu Dhabi Airports, the operator of Abu Dhabi's five commercial airports, has announced the appointment of Elena Sorlini as its Managing Director and Chief Executive Officer. Sorlini transitions into the role permanently after serving in an interim capacity since June 2023. Since joining Abu Dhabi Airports,...

The company's revenue for the year 2023 stood at US$16.33bn.

Amman, Jordan-- The UAE and Jordan have explored opportunities for collaboration in the fields of economy, investment, food security, renewable energy and sustainability in a meeting between the UAE President Sheikh Mohamed bin Zayed and Jordan's King Abdullah in Amman. The meeting between the two leaders, which took place at...

McDonald's cited war in the Middle East as a drag.

Poor display across Italy, Spain is said to be the reason for loss.

MADRID, SPAIN -  Spain said on Monday that it would give an additional US$$3.8 million (3.5 million euros) in aid to the UN Palestinian refugee agency UNRWA, which is facing a cash crunch after several nations suspended their funding. Over a dozen countries, including major donors the United States, Germany, Britain...

DOHA, QATAR - Minister of State and Chairman of Qatar Free Zones Authority (QFZ) Dr. Ahmad bin Mohammed Al Sayed revealed that QFZ has attracted nearly 500 companies spanning diverse sectors with estimated investments at about US$1.3 billion (QR5 billion). The QFZ Chairman held a meeting with a delegation from...

"The markets continue to forge ahead despite a blowout jobs report from the US last Friday which seems to have finally put the nail in the coffin of the idea rates will be cut next month," said AJ Bell investment director Russ Mould.

Moscow, Russia -- China, India, Iran, the United Arab Emirates (UAE) and Saudi Arabia will become prior countries for Russia in development of inbound tourism in 2024, according to the concept for promoting Russia’s tourism potential on foreign markets presented by Director General of the Center for Strategic Research Pavel...

The agreement provide for a rise in condensate volumes.

DUBAI, UAE - The total M&A market dropped 15 percent, to US$3.2 trillion, the lowest level in a decade, as dealmakers grappling with high interest rates, regulatory scrutiny and mixed macroeconomic signals had to be more selective about which deals to pursue in 2023. But the biggest obstacle was the...

Manipal Health offers multispecialty care through 30 hospitals.

The fuselage problems could slow down deliveries.

The bank employs 117,500 people around the globe.

The value of certificates of origin issued stood at US$65m.

Riyadh, Saudi Arabia--Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), held a virtual meeting with ministers from the region to discuss a strategy for food security in the Middle East. Ministers responsible for agriculture and food security from the GCC countries attended the meeting. The meeting discussed...

DUBAI, UAE - The Roads and Transport Authority (RTA) of the Emirate has entered into a strategic partnership with ‘Shamal Holding,’ to undertake the construction of a two-lane bridge in each direction spanning 1500 meters. The bridge extends from Sheikh Zayed Road to Dubai Harbor, an exceptional seafront district that...

Devoteam Middle East is a subsidiary of Devoteam Group.

Dubai, UAE -- Dubai Electricity and Water Authority (DEWA)’s EV Green Charger initiative witnessed a 59 percent increase in the usage of its Green Charger services for electric vehicles throughout 2023. By 31 Dec 2023, DEWA’s EV Green Charger initiative, aimed at promoting green mobility, recorded 1.14 million charging sessions...

The net profit for the fourth quarter increased by 28 percent.

The company profit vaulted to US$36bn during the year 2023.

The pact deals with bulk and general cargo terminal.

Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report reveals.   The global HR platform,Deel, has released findings from its Annual Global Hiring Report and revealed UAE attracts a large number of international talent. This marks a significant milestone...

Brussels, Belgium - The European Union's 27 member states on Friday approved landmark rules on reining in artificial intelligence, passing a key last hurdle after tough negotiations to the very end. Brussels first proposed an AI law in 2021 but spent most of last year racing to greenlight the draft text after...

Shares in Amazon, Apple and Facebook owner Meta all climbed during Thursday's session. All three companies were due to report results after the market closed

BEIJING, CHINA - China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging productivity and a rapidly aging population, the International Monetary Fund (IMF) said on Friday. The world's second-largest economy last year saw some of its slowest growth in decades, as a...