Schneider Electric, Charge&Go ink pact
The aim is to develop EV charging facility in the UAE.KEZAD to build new warehouses
It will invest US$169m to develop new capacity.Toyota sells record number of vehicles in 2023
It is the world's top automaker for the fourth year in a row.Ghitha 2023 revenue at $1.2bn
Ghitha reported an operating profit of $69 million in 2023.Dubai Investments buys GFP stake
GFP secures nearly $60 million in equity financing to expand its network.Hamad Al Marar is EDGE CEO
EDGE has a local and global orderbook of over $5billion.Ryanair quarterly profit dives 93%
The carrier flies mostly throughout Europe.DAE, Turkish Airlines ink pact
Turkish Airlines will take on lease 10 Boeing 737-8 aircraft.AD Ports launches Noatum Logistics Middle East
The firm said the new brand will replace MiCCO Logistics.QatarEnergy, Excelerate sign agreement
Under the 15-year deal, they will supply LNG to Bangladesh.Philips to halt sales of sleep machines in US
It posted losses to the tune of US$502m during the year 2023.SAIF Zone signs MoU with Tokai Optical
The Japanese firm will lease a warehouse in the free zone.KACST, ACWA Power sign pact
The aim is to develop technologies for clean energy.Arab Bank Group net profit $829.6m
The Group posted a 52% increase in net income compared to 2022.SIB, Noqodi sign agreement
The Noqodi platform will enable digital payments.Aldrees Petroleum to hike capital by 33%
The company's capital now stands at US$266 milion.Alaska Airlines’ Boeing 737 MAX9 resumes flight
The voyage comes after the Federal Aviation Administration on Wednesday announced a maintenance and inspection program to clear the MAX 9 to resume service. The FAA grounded 171 MAX 9 planes with a similar configuration to the one in the January 5 incident, in which a door plug blew out...Apple to make changes to App Store in Europe
iPhone users can download alternative app stores.Alaska Airlines to take US$150m hit
It grounded the Boeing 737 MAX after in-flight safety episode.Vodafone Qatar 2023 profit up
The 2023 net profit of Vodafone Qatar increased to $148 million.Microsoft lays off 1,900 staff
The move comes after Activision Blizzard gaming buyout.EDGE bags another big order
The group will supply 200 unmanned helicopters to UAE defense ministry.Jabal Omar secures $509m Murabaha
The financing agreement was signed with Al Rajhi Bank.Nokia sees ‘challenging’ 2024
Last year, the company reported a profit of $739 million.Emirates Islamic profit rises 71%
The Bank’s total income reached AED 1.2 billion ($326.69 million)SK Hynix posts US$259.4m profit
The chip maker said the profit was boosted by strong sales.ADNOC Drilling begins use of hybrid rigs
The rigs use high-capacity battery to reduce emissions.ASML profit soars to US$8.5bn
It has shrugged off geopolitical tensions to post high profits.Gulf Warehousing Company profit down
Its net profit fell 10.24% to US$59.07 million in 2023.ADIB records 45% jump in net profit
Its revenue climbed 36 percent to US$2.53 billion in 2023.DIB reports $1.86bn net profit
The bank's income rose by 43% YoY to $5.4 billion.P&G posts mixed quarterly results
Earnings per share dropped 12 percent to $1.40.Zee’s shares fall after merger fails
Disagreement over who would lead the new entity led to merger's failure.Masdar, 3 firms sign agreement
They will establish e-methane supply chain from UAE-Japan.Estithmar sets up issuance program
The Group said the program is valued at $933 million.United forecasts first quarter loss
The company beat analysts' expectation for the fourth quarter.IPT Energy floats new firm in Sharjah
It will engage in the import and trading of oil products.Macy’s rejects $5.8bn takeover deal
The company also owns the Bloomingdale's store chain.Alhokair Group wins $202m contract
Alpha Facilities Contracting Company has awarded the contract.SABIC to build petrochemical plant in China
The Saudi giant will develop the US$6.4bn plant in Fujian.Sony ends merger deal with Zee
It pulled out of the US$10bn merger of its Indian operations.QIIB lists sukuk on London Stock Exchange
The sustainable sukuk is worth US$500 million.Google to invest US$1bn in UK data centre
It will meet growing demand for internet services in the region.Tata Steel to slash 2,800 UK jobs
Tata Steel employs about 8,000 staff in the United Kingdom.Sony to decide on Zee merger
The tie-up is aimed at helping both firms compete with streaming rivals.Sharjah Islamic Bank profit surges
It posted a 31% jump in net profit to US$229.13m in 2023.Akasa Air orders 150 Boeing planes
Akasa Air will buy 737 MAX planes, which no Indian airline uses.Samsung’s AI pivot
Part of the company's bid to reclaim smartphone throne.Bayer to cut jobs in Germany
The slashing of jobs follows huge third-quarter losses.Apple loosens grip on iPhone apps
Apple will permit developers to include buttons or links in apps.



















































