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Bloomberg BMW AG said earnings rose 12% in the first quarter even as the war in Ukraine and Covid-lockdowns in China disrupted the automaker’s supply chain. Group earnings before interest and tax rise to 3.39 billion euros ($3.6 billion) in the first quarter, the company said, exceeding analyst estimates of 2.9 billion euros. BMW confirmed the outlook for the ...
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May, 2022
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8 May
Microsoft’s Xbox cloud lets iPhone users play Fortnite again
Bloomberg Microsoft Corp is bringing the hit video game Fortnite back to iOS devices two years after Apple Inc took it off its App Store. Fortnite, produced by Epic Games Inc is one of the most popular video games of all time. But it’s been absent from Apple’s App Store and Google Play after Epic tried to circumvent the ...
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8 May
Stellantis Q1 sales rise on new models
Bloomberg Stellantis NV’s sales jumped in the first quarter on the back of strong vehicle prices and a range of new models like the Jeep Grand Cherokee even as shipments dropped due to the supply-chain issues. The maker of Ram and Fiat brands said net revenue rose 12% to 41.5 billion euros ($44.1 billion), the company said. Stellantis said ...
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7 May
Oil gains as Europe moves closer to ban Russian crude
Bloomberg Oil prices edged higher on Friday and headed for the first back-to-back weekly gain in two months on signs the market is tightening as the European Union moved towards banning Russian crude. West Texas Intermediate futures traded near $109 a barrel, and were on track to be up more than 3% this week. The EU intends to ban ...
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7 May
Abu Dhabi to organise int’l conference on ‘Islamic unity’
Abu Dhabi / WAM Under the patronage of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, and coinciding with the fourth anniversary of its founding, The World Muslim Communities Council (TWMCC) is organising an international conference on May 8-9, featuring representatives of over 150 countries, to discuss the topic of Islamic unity. The event will be ...
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7 May
Sharjah Ramadan Festival posts AED250m in sales
Sharjah / WAM The 32nd Sharjah Ramadan Festival, a landmark social and economic local event organised by the Sharjah Chamber of Commerce and Industry (SCCI), concluded on a high note after 33 days, recording over AED 250 million in sales and a 20 percent growth over the previous edition. The event drew a huge number of shoppers and visitors ...
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7 May
5th Dalma Race Festival begins today
Abu Dhabi / WAM The 5th edition of the Dalma Historical Race Festival is set to kick off on Saturday, welcoming history enthusiasts to Abu Dhabi’s enchanting Dalma Island from May 7-20. Held under the patronage of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, the festival is organised by the Cultural Programmes ...
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7 May
DET to highlight Dubai’s diverse destination proposition at ATM
DUBAI / WAM With Dubai fully regaining its vibrancy after safely navigating and accelerating out of the unprecedented global challenge, the city’s newly formed Department of Economy and Tourism (DET) will showcase the diversity of Dubai’s destination offering, along with innovative initiatives designed to further strengthen the city’s tourism industry, during the 29th edition of Arabian Travel Market. With ...
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7 May
Sheikh Mohamed congratulates French president on re-election
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, congratulated French President Emmanuel Macron, on his re-election as President of France, wishing him continued success in performing his presidential duties and responsibilities. This came in a phone conversation where the two leaders ...
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7 May
DET to showcase Dubai’s diverse destination proposition at ATM
Dubai / Gulf Time With Dubai fully regaining its vibrancy after safely navigating and accelerating out of the unprecedented global challenge, the city’s newly formed Department of Economy and Tourism (DET) will showcase the diversity of Dubai’s destination offering, along with innovative initiatives designed to further strengthen the city’s tourism industry, during the 29th edition of Arabian Travel Market. ...
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