Day: May 13, 2024

DUBAI: Drake and Scull International (DSI) has closed the subscription for new capital, with proceeds exceeding AED450 million.

The company stressed that the subscription process, for the period of 25th April and 10th May at a discounted rate of 25…

ABU DHABI: Core42, a G42 company and provider of sovereign cloud, cybersecurity, AI infrastructure and services, has launched JAIS Chat as a mobile application available for download on iOS. This user-friendly chatbot was developed to meet the growing…

ABU DHABI: ADNOC Drilling Company announced record first-quarter revenue and EBITDA for the period ending 31st March 2024. ADNOC Drilling has exceeded market expectations again this quarter, the third in a row, with revenue increasing to $886 million,…

BEIJING: The production and sales of automobiles in China saw a rapid growth in April, the latest data from the China Association of Automobile Manufacturers (CAAM) showed on Saturday.

According to China Global Television Network, automobile producti…

DUBAI: The UAE has once again been recognised as the global leader in Fibre to the Home (FTTH) penetration. This marks the eighth consecutive year the country has held this top position with a penetration rate of 99.3 percent, as reported by the FTTH …

ABU DHABI: Mubadala Energy, the international energy company headquartered in Abu Dhabi and the operator of the South Andaman Gross Split PSC, today announced another substantial gas discovery from the Tangkulo-1 Exploration well, drilled in South And…

DUBAI: The Emirates Group today released its 2023-24 Annual Report, hitting new record profit, revenue, and cash balance levels. Both Emirates and dnata saw significant profit and revenue increases in 2023-24, as the Group expanded its operations arou…

SEOUL: South Korea’s exports rose 16.5 percent on-year in the first 10 days of May on robust global demand for semiconductors, data showed Monday.

Outbound shipments reached US$16.81 billion in the April 1-10 period, compared with $14.43 billion tall…