Browsing: Business

Korean domestic firms see first sales decline in four years, impacted by weak consumer spending and sluggish investment, raising concerns about the country’s economic recovery.

ADNOC L&S posts AED643 million Q3 profit, rising 18% YoY as it expands logistics and shipping operations, fueling overall nine-month revenue growth by 38% in a solid 2024 performance.

Burjeel Holdings reported Q3 2024 revenue growth of 14%, reaching AED 1.3 billion due to increased patient volume and strategic expansions, aligning with UAE healthcare goals.

The Central Bank of the UAE reported a 0.6% increase in M1 money supply, reaching AED889.3 billion by July’s end, along with gains in M2 and M3, reflecting steady growth in the financial sector.

UAE markets saw 764 major deals totaling AED58 billion this year, led by ADX with 95% of the value. The largest transaction involved TAQA, worth AED22.4 billion.

PureHealth achieved AED1.4 billion in net profit with a 56% revenue boost to AED19 billion for 2024, fueled by strategic acquisitions and increased demand in UAE hospital segments.

MENA Newswire News Desk: Etihad Cargo, the cargo and logistics arm of Etihad Airways, is celebrating its first anniversary of operations in Osaka,…

UNCTAD’s report reveals global growth will stagnate at 2.7% in 2024-2025, posing risks to development and climate goals while impacting the Global South’s debt levels and overall economic resilience.

ADIPEC 2024 gathers global ministers, CEOs in Abu Dhabi for solutions on AI-driven energy transition, showcasing sustainable strategies across diverse sectors.

Etihad Cargo celebrates its first anniversary of operations in Osaka, Japan, handling 2,911 tonnes of cargo in 2024. The airline now operates 10 weekly flights from Japan, enhancing global connectivity.