Samsung has released its Q4 financial report, indicating a 34.57% decline in operating profit, in line with market challenges.
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UPS reports disappointing Q4 earnings and unveils 12,000 job cuts, aiming to streamline resources in 2024.
Tech stocks propelled Norway’s sovereign fund to a $213 billion profit in 2023, marking a historic achievement.
IMF boosts 2024 global growth forecast by 0.2 points to 3.1%, crediting U.S. resilience and Chinese fiscal action.
The world’s most extensive and cutting-edge power cable-laying vessel has embarked on a groundbreaking endeavor, the $3.8 billion (AED13.95 billion) collaborative project between ADNOC and Abu Dhabi National Energy Company PJSC (TAQA). The objective: to power and significantly decarbonize ADNOC’s offshore production operations. In an innovative move, the project will usher in a high-voltage, direct current (HVDC) subsea transmission system, a first in the Middle East and North Africa (MENA) region. This pioneering system will supply ADNOC’s offshore production operations with cleaner and more efficient energy, all facilitated by TAQA’s wholly-owned subsidiary, Abu Dhabi Transmission and Despatch Company (TRANSCO), through the Abu Dhabi onshore…
Saudi Arabia’s premier travel expo, JTTX, commenced in Jeddah, with global tourism industry players in attendance.
Porsche’s all-new electric Macan sets new standards with up to 639 horsepower and a 784-kilometer electric range, redefining the SUV.
Microsoft achieves $3 trillion market value, second only to Apple, with a stock price at $404.87 per share, boosted by AI and tech.
Intel’s stock plummeted in premarket trading after a disappointing Q1 2024 outlook, despite exceeding recent earnings expectations.
Tesla’s stock plunges 12%, wiping out $80 billion in value after gloomy earnings and Chinese competition warning.