Washington, United States -- US semiconductor giants Nvidia and Advanced Micro Devices have agreed to pay the United States government 15 percent of their revenue from selling artificial intelligence chips to China, according to media reports Sunday. Nvidia CEO Jensen Huang met with US President Donald Trump at the White House...

US indices were near record highs two hours into the Wall Street session with all eyes on an incoming earnings reports, notably for streaming giant Netflix.

Shares rally after the disclosure, better than some forecasts.

Aldar said 42 percent of the buyers are under the age of 45.

The dip occurred amid lower production during factory upgrades.

But its Q1 figures exceed a forecast by Edmunds

The company's net profit increased by 81.5 percent in Q4 2024.

The big Detroit automaker reported 659,601 US sales during the period.

Dubai, UAE - Dubai's real estate market reached a new peak in July, with sales hitting an all-time high of AED50.1 billion ($13.6 billion). Although the market continued to grow, the year-on-year increase slowed to 33% from 53% in June, reflecting a high base effect from the same period in...

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...

The deliveries sped up 9.5 percent to 10,112 vehicles.

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, the world's biggest fashion retailer, is owned by Zara.

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, 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...

The company's fourth-quarter net profit declined 12% YoY.

Sales grew 7.2% in value terms, fell 0.3% in volume.

Its sales jumped 6% to US$27.2bn in half-year results.

The company had reported net profit of $110 million in 2022.

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

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...

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

Group revenue dipped 0.8 percent to 59.6 billion euros.

But its sales in China dropped during October to December.

It is the world's top automaker for the fourth year in a row.

It posted losses to the tune of US$502m during the year 2023.

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, 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...

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.

The internet giant will cut jobs from its global ad team.

It delivered 6,032 cars in 2023, the highest in its 119-year history.

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, UAE - 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 promised up to $2 billion in cost savings Thursday.

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...

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."

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."

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...

The EBITDA increased by 28% YoY to $303 million in the third quarter.

This is due to the successful launches of new projects.

The tech giant said it made a profit of $23 billion.

Sales revenue was US$1.6 billion (SAR 6.22 billion) in Q3 2023.

The carmaker's net profit plunged 7% to US$3.9bn in Q3.

The automaker made sales to the tune of US$83.5bn in Q3.

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...

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....

The sports car maker posted gains one year after its IPO.

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...

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, 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...