BLOOMBERG ANA Holdings Inc reported operating income of 120 billion yen ($897 million) for the full year through March, its first annual profit since the 12 months ended on March 2020 thanks to a rebound in travel demand. Japan’s biggest airline also gave a better-than-expected forecast for the coming year, saying operating profit should rise to 140 billion yen, compared ...
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BLOOMBERG Puma SE reported rising sales on demand for sneakers in Europe and its first growth in China in two years, while cautioning that profit margins will remain under pressure from higher costs. Revenue climbed 14% to €2.19 billion ($2.41 billion) in the first quarter, the company said, slightly ahead of the average analyst estimate. Still, the gross margin narrowed ...
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BLOOMBERG Stocks in Europe rose after reversing losses, while US equity futures jump as traders saw positive signs in corporate earnings reports. The Stoxx 600 Index turned higher, paced by gains in drugmakers and banks following upbeat results from Sanofi, AstraZeneca Plc and Barclays Plc. Deutsche Bank AG dropped after the trading revenue disappointed. Contracts for the S&P 500 advanced ...
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DUBAI / GULF TIME Dubai witnessed the spectacular launch of Fashionz by Danube and FashionTV, the city’s first branded residences project. Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, unveiled the project brochure, alongside dignitaries, media, and influencers from all over the world. The event was a resounding success, showcasing the project’s luxurious amenities, aspirational design, and ...
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ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Samia Hassan of Tanzania on the occasion of her country’s Union Day, marked annually on 26th April. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin ...
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ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolence to to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, expressing his sincere condolences and sympathy over the death of Prince Abdulrahman bin Abdullah bin Abdulrahman Al Saud. His Highness Sheikh Mohammed bin ...
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ABU DHABI / WAM Xlinks First Limited has reached a critical early milestone with the successful closing of an early development funding round raising GBP30 million. The investment comes after securing GBP25 million (AED113 million) of investment from Abu Dhabi National Energy Company PJSC (Taqa), one of the largest listed integrated utility companies in the Middle East and North Africa ...
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DOHA / WAM The UAE Athletics Team won the first gold medal in the 10-kilometre race at the West Asian Athletics Championship hosted by Doha, Qatar, from April 26 to 29. The gold medal was won by Shaaly Hassan Al Nuaimi, who trained extensively abroad with a foreign coach, in line with the efforts of the UAE Athletics Federation to ...
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DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has met with Dr Christian Weedbrook, Founder and CEO of Xanadu, a leading Canadian quantum computing company and a portfolio company of Forward Investments, Dewa’s investment arm in disruptive technologies. The meeting, which was held at Dewa’s head office, discussed the latest developments ...
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AJMAN / WAM The value of real estate transactions in Ajman in the first quarter of 2023 totalled AED3.4 billion. Eng Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, said that the number of real estate transactions in the first quarter of 2023 amounted to 2,630, a 6.25 percent increase compared ...
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