© Reuters. Armin Papperger, CEO of German defense and automotive group Rheinmetall AG poses in front of the company’s logo and headquarters following a Reuters interview in Duesseldorf, Germany January 27, 2023. REUTERS/Jana Rodenbusch By Sabine Siebold and Anneli Palmen DUESSELDORF (Reuters) – German arms maker Rheinmetall had a record year in 2022 and is...
© Reuters. FILE PHOTO: The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. REUTERS/Amit Dave By Sriram Mani and Jayshree P Upadhyay MUMBAI (Reuters) -A $2.5 billion share sale by India’s Adani Enterprises remains on schedule at the planned issue...
NEW DELHI — The value of Gautam Adani’s business empire has crashed by more than $50 billion this week since Hindenburg Research, a US firm that makes money from short selling, published a blistering Source: Saudi Gazette
© Reuters. FILE PHOTO: The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave By Chris Thomas and Sriram Mani MUMBAI (Reuters) – Shares of India’s Adani Enterprises sank nearly 20% on Friday as a scathing report by...
New Enterprise Associates, known by the acronym NEA, has closed a new pair of early-stage and growth-stage funds, both hovering a little over $3 billion to a total of $6.2 billion. The two-fund structure is a first that begets another first for the 45-year old firm: TechCrunch has learned that NEA has filed to be...
Thu 26-01-2023 22:24 PM ABU DHABI, 26th January, 2023 (WAM) – Seven listed banks in the UAE reported net profit of AED33.125 billion in 2022, demonstrating the strength of their financial soundness, the advantages of their high liquidity, and the robust revenues brought on by the full recovery from the Covid-19 effects. The highest share...
Thu 26-01-2023 17:15 PM DUBAI, 26th January, 2023 (WAM) – Emirates NBD, a leading bank in the region, announced that its profits rose 40% to AED 13 billion in 2022, driven by strong regional economic growth and the success of its diversified business model. The bank’s Q4 profit was particularly strong, at AED 3.9 billion,...
Walmart is preparing to spend over $2.5 billion in India as the retailer doubles down on the opportunities it sees in India’s e-commerce and payments markets even as the firm contends with rising costs amid the market downturns. Walmart spent about $780 million earlier this month to the Indian tax authorities after PhonePe, in which...
According to information from the Dubai Land Department, the real estate market in Dubai had 494 sales transactions for AED1.34 billion on Wednesday, 84 mortgage deals worth AED186.59 million, and 16 gift deals totaling AED17.73 million. 75 land plots valued at AED395.07 million and 419 houses and apartments for AED943.13 million were sold. The mortgages...
ABU DHABI, 26th January, 2023 (WAM) — First Abu Dhabi Bank (FAB) has reported a Group Net Profit of AED13.4 billion during 2022, up 7% year-on-year (yoy) compared to the same period in 2021, with earnings per share at AED1.18. H.H. Sheikh Tahnoun bin Zayed Al Nahyan, National Security Adviser and Chairman of FAB, said,...