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Meta shares increase 19% as Facebook returns to growth

Bloomberg Shares of Facebook parent company Meta Platforms Inc. surged during pre-market hours on Thursday, a day after reporting its main platform added more users than projected in the first quarter, potentially staving off concerns that the company is losing momentum as a new generation flocks to younger sites like TikTok. The stock gained as much as 19% during pre-market ...

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European shares gain on busy earnings day, trimming monthly drop

  Bloomberg European stocks advanced for a second day, trimming their monthly decline, as investors monitored a busy earnings day to gauge the companies’ ability to overcome inflationary and policy risks. The Stoxx Europe 600 Index was 1.3% higher by 9:39 am in London, with autos and technology sectors outperforming. Banks also rise as Standard Chartered Plc shares surged after ...

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Sheikh Abdullah, John Kerry discuss climate change, Ukraine

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed with John Kerry, the US Special Presidential Envoy for Climate, joint cooperation in the climate action and ways to enhance collective international action in facing the repercussions and challenges of climate change. In a phone call, the two officials ...

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Rakbank’s net profit jumps by 93% in Q1

Ras Al Khaimah / Gulf Time The National Bank of Ras Al-Khaimah (Rakbank) announced a consolidated net profit of AED220.1 million for Q1 2022, an increase of 93.1% compared to the first quarter of 2021. Total Income of AED726.9 million, decreased by 8.3% compared to the fourth quarter of 2021. As at March 31, total assets stood at AED 58.6 ...

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Arada completes its first residential phase at Aljada

  Sharjah / WAM Arada has reached a major milestone at the Sharjah megaproject ‘Aljada,’ with the completion of its first residential phase. The delivery of 278 homes in the last two Misk Apartment buildings at the mixed-use community brings the total number of units finished at Aljada to 1,482, said an Arada press release on Wednesday. The Misk Apartment ...

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Emirates adds 23 extra flights for Eid holidays

  DUBAI / WAM With Eid Al Fitr approaching and more travellers planning to take to the skies, Emirates is stepping up its schedule by adding 23 flights and layering on additional seats with the deployment of both A380s and Boeing 777s between April 28 and May 8 to the four cities it serves in KSA, as well as to ...

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Sheikh Abdullah, John Kerry review climate change, Ukraine issues

  Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed with John Kerry, the US Special Presidential Envoy for Climate, joint cooperation in the climate action and ways to enhance collective international action in facing the repercussions and challenges of climate change. In a phone call, the two ...

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01Gov to provide govt staff with 100,000 free licences

  Dubai / WAM The Federal Authority for Government Human Resources (FAHR) has signed a memorandum of understanding (MoU) with 01Gov, a Dubai-based govtech start-up that offers a portfolio of digital solutions, including the 01Gov platform, the first Arabic platform for government innovation. As per the memorandum, 01Gov will provide federal government employees with 100,000 free licences of the basic ...

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