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UN rights council to consider call for Israel arms sales halt
The UN Human Rights Council on Friday is set to consider a draft resolution calling for a cessation of arms sales to Israel, nearly six months into the war in Gaza. If the text is adopted, it would mark the first time that UN’s top rights body has taken a...
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Lamborghini sales up in 2023
The deliveries sped up 9.5 percent to 10,112 vehicles. -
Europe’s largest art fair reports ‘record’ prices for Van Gogh, Picasso
THE HAGUE, NETHERLANDS – Europe's largest art fair closed its doors on Friday with organizers saying that sales, including a rare Van Gogh and works by Picasso and Kees van Dongen, fetched "record prices". Although a total figure of sale for some of the world's most sought-after artworks could not be... -
Inditex posts record net profit
Inditex, the world's biggest fashion retailer, is owned by Zara. -
Qatar real estate trading volume amounts to US$382m in February 2024
DOHA, QATAR – The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry of Justice in February in the country amounted to US$382 million (QR 1,391,961,588). The data of the real estate analytical bulletin issued by the Ministry of Justice revealed... -
Dubai International Boat Show helps in marine business
DUBAI, UAE – Dubai International Boat Show has wrapped up following a hugely successful week of high-value boat sales, important discussions addressing industry developments, groundbreaking agreements and partnerships set to shape the future of the yachting world. The exhibition, which concluded on Sunday, is recognized as one of the most... -
Maaden net profit falls 83%
The company's fourth-quarter net profit declined 12% YoY. -
Nestle net profits up 20.9%
Sales grew 7.2% in value terms, fell 0.3% in volume. -
BHP net profit tumbles 86%
Its sales jumped 6% to US$27.2bn in half-year results. -
Yanbu NPC loss $129m
The company had reported net profit of $110 million in 2022. -
Nissan profit drops to US$195m
Its sales in China slumped 35% from April to December. -
Dubai records over US$2.6bn in weeklong real estate transactions
DUBAI, UAE - A total of 3,543 real estate transactions worth over US$2.6 billion (AED9.8 billion) were conducted during the week ending February 9, 2024, according to data released by the Dubai Land Department (DLD). The DLD report showed that 197 plots were sold for US$315 million (AED1.61 billion), while... -
Hermes profit soars 28 percent
The luxury giant posted a profit of US$4.6bn in 2023. -
Unilever annual profit drops 15%
Group revenue dipped 0.8 percent to 59.6 billion euros. -
Apple logs US$119.6bn in sales
But its sales in China dropped during October to December. -
Toyota sells record number of vehicles in 2023
It is the world's top automaker for the fourth year in a row. -
Philips to halt sales of sleep machines in US
It posted losses to the tune of US$502m during the year 2023. -
Alef Group announces US$84m sales transaction at ACRES 2024
SHARJAH, UAE - Alef Group concluded its participation in the ACRES Real Estate Exhibition 2024 with resounding success, generating significant demand and securing approximately US$84 million (AED310 million) in sales transactions for its residential projects. CEO of Alef Group Issa Ataya said, “ACRES was a good opportunity to connect with... -
Dubai posts real estate transactions worth $3.5bn in week ending January 19
DUBAI, UAE - The real estate and properties transactions valued at US$3.5 billion (AED13 billion) in total during the week ending January 19 2024. The sum of transactions was 3,697 and 184 plots were sold for US$547 million (AED 2.01 billion), 2,770 apartments and villas were sold for US$2 billion... -
Europe new car sales rebound in 2023: industry group
Automakers are facing a 2035 deadline set by the European Union to phase out sales of new combustion engine vehicles. Sales of hybrid cars also soared last year, up by nearly 30 percent. -
Google to slash ‘few hundred’ jobs
The internet giant will cut jobs from its global ad team. -
Rolls-Royce makes record deliveries
It delivered 6,032 cars in 2023, the highest in its 119-year history. -
Dubai Duty Free achieves all-time record sales of over US$2.16bn in 2023
DUBAI, UAE - The New Year began on a high note for Dubai Duty Free with the announcement of an all-time sales record of US$2.16 billion (AED 7.885 billion) for 2023, representing a 24.39 percent increase over the previous year and 6.4 percent up on pre-pandemic in 2019. December finished... -
Dubai real estate sales near record $109bn in 2023
Dubai, UAE -Â Dubai real estate annual sales comprising 127,000 deals have exceeded Dhs400 billion ($109 billion) during the current year for the first time ever, based on data from the Dubai Land Department (DLD), the highest number recorded in the history of the market. The momentum in the real estate... -
Nike shares tumble after cost cuts
Nike promised up to $2 billion in cost savings Thursday. -
Adoption of electric vehicles in US face infrastructure hurdles
NEW YORK, US - The US transition to electric cars has hit a speed bump, with concerns about vehicle range and limited charging capacity adding to core affordability issues. Automakers in recent weeks have pushed back EV sales targets and delayed capital projects as they seek to reduce inventories of unsold... -
Black Friday is a $74bn opportunity for MENA retail. But is it losing sheen by ‘blindly copying’ the West?
The expected injection of billions of dollars into the retail business through sale of varied items can turn out to be a much-needed boost for a sector experiencing "sales fatigue." -
Black Friday is a $74bn opportunity for MENA retail. But is it losing sheen by ‘blindly copying’ the West?
The expected injection of billions of dollars into the retail business through sale of varied items can turn out to be a much-needed boost for a sector experiencing "sales fatigue." -
Jet fuel sales to reach over billion gallons by end of 2023: ENOC
Dubai, UAE--ENOC Group will reach more than one billion gallons of jet fuel sales at the end of this year by supplying more than 153,000 commercial, military, and general aviation flights around the world. The company made the announcement on the sidelines of the 18th edition of Dubai Airshow, which... -
ADNOC Distribution Q3 net profit $227m
The EBITDA increased by 28% YoY to $303 million in the third quarter. -
Emaar 9M net profit $1.1bn
This is due to the successful launches of new projects. -
Apple sales lose ground
The tech giant said it made a profit of $23 billion. -
Maaden posts net loss in Q3
Sales revenue was US$1.6 billion (SAR 6.22 billion) in Q3 2023. -
Mercedes-Benz profit slumps
The carmaker's net profit plunged 7% to US$3.9bn in Q3. -
Volkswagen revenue up
The automaker made sales to the tune of US$83.5bn in Q3. -
Real estate trading volume in Qatar exceeds US$88m in week
DOHA, QATAR - The volume of real estate trading in sales contracts at the Department of Real Estate Registration at Qatar’s Ministry of Justice during the period from October 1 to 5, 2023 reached US$68 million (QR 249,404,838). Total sales contracts for residential units in the Real Estate Bulletin for... -
Saudi Arabia’s cement sales fall by 8.5 percent in September
Riyadh, Saudi Arabia -- The aggregate sales of 17 Saudi cement producers decreased by 8.5 percent to 4.1 million tons in September, from 4.5 million tons a year earlier, according to recent data issued by Yamama Cement Co. Locally, eight market players reported better sales, led by Al-Safwa Cement Co.... -
Porsche sales revenue up
The sports car maker posted gains one year after its IPO. -
Qatar records real estate sales contracts worth $60 million
Doha, Qatar -- The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice between 10 Sept. and 14 Sept. 2023 reached more than QR 218 million ($60 million). Total sales contracts for residential units in the Real Estate Bulletin... -
Iran’s oil exports to China touch all-time record in August
Tehran, Iran--Iran’s oil exports to China hit an all-time record in August despite continued US pressure on the country, according to data from a major international energy data company. The Sunday report by Fars news agency said Iran’s oil exports to China had reached an average of 1.5 million barrels... -
Dubai real estate sales up despite price rise since January 2020
Dubai, UAE – The Dubai Land Department (DLD) reported over 3,200 transactions worth AED 24.7 billion last week and this upwards trend appears to have become a staple of permanence in the emirates’ real estate market. Sales frequency has surged on the heels of investor confidence being renewed amid continued... -
Qatar real estate trading crosses $143m in August 27-31 2023
DOHA, QATAR - The volume of real estate trading in non-residential sales contracts at the Department of Real Estate Registration at the country’s Ministry of Justice from August 27 to August 31, 2023, reached US$ 68 million (QR 250,159,704). The total sales contracts for residential units in the Real Estate... -
Borouge’s PP5 unit generates $209m sales in H1 2023
ABU DHABI, UAE - Borouge's Chief Operating Officer Dr. Hasan Karam has said the fifth polypropylene unit (PP5) played a significant role in H1 2023, contributing US$209 million (AED767 million) representing 22 percent of the company's propylene sales and 10 percent of our overall turnover. In a statement to the... -
Toyota posts bumper Q1 net profit
The automaker's profit surged 78 percent to US$9.1 billion. -
Aldar Properties Q2 net profit $353m
Aldar recorded AED 2.1 billion in net profits for the first half of 2023. -
Samsung Q1 profit falls 95%
This is firm's worst quarterly profit since Q1 2009. -
Nissan Q1 net profit $750m
Results due to better sales in Japan, North America. -
GM reports strong results
Profits jumped 52 percent to $2.6 billion . -
Sharjah Sustainable City sales surge
The sales in H1 of 2023 climbed on the back of high demand. -
Volvo Cars Q2 net profit $342m
Firm in profit despite high inflation, rising interest rates. -
Jarir Marketing H1 net profit down 4.4%
The company's sales increased by 19.92 percent.