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Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) has announced the details of the second mission of the UAE Astronaut Programme. The SpaceX Dragon spacecraft, named Endeavour, atop a Falcon 9 rocket, will carry the UAE astronaut and Mission Specialist Sultan Al Neyadi, along with two Nasa astronauts, Mission Commander Stephen Bowen, and Pilot Warren Hoburg, and Roscosmos ...

  Dubai / WAM Emirates Islamic reported a net profit of AED 1.24 billion in 2022, a 51% increase from the previous year. The bank’s strong performance was driven by higher funded and non-funded income, coupled with a reduction in cost of risk. The bank also reported a 36% increase in operating profit and a 15% increase in total assets ...

  Dubai / WAM Arab Health, the Middle East’s largest healthcare exhibition and congress, will be held in Dubai from January 30 to February 2 at the Dubai World Trade Centre. The exhibition will host more than 45 country pavilions, including, for the first time New Zealand, Singapore, Tunisia, Indonesia and Estonia. With more than 3,000 exhibitors taking part, there ...

Ras Al Khaimah / WAM Ras Al Khaimah Economic Zone (Rakez) welcomed over 4,200 new companies to its business community in 2022, recording 18% growth compared to 2021. Commenting on this economic growth, Rakez group CEO Ramy Jallad said, “The latest numbers indicate how far we have come with our commitment to position the emirate of Ras Al Khaimah as ...

Bloomberg As recently as last week, US officials insisted the M1 Abrams tank was a bad fit for Ukraine. Yet on Wednesday, President Joe Biden reversed course and offered 31 of them, saying the 70-ton vehicle would “enhance Ukraine’s capacity to defend its territory.” The switch shows how, nearly a year into Russia’s war, keeping Nato unified remains paramount among ...

  Bloomberg Indian authorities detained several students in the national capital as they thwarted their plans to organize a screening of a banned BBC documentary about the 2002 Gujarat riots and Prime Minister Narendra Modi’s role in the violence. Police on Wednesday detained about 70 students of Jamia Milia Islamia University who wanted to screen the documentary India: The Modi ...

Bloomberg Tesla Inc. reported better-than expected profits in the latest quarter, even as it gave mixed signals on the outlook for growth in vehicle deliveries. The EV market leader said it would increase output “as quickly as possible” — in line with previous guidance for average annual growth of 50% over multiple years. However, Tesla said it’s on track to ...

Bloomberg SAP SE is planning to cut about 3,000 jobs this year while exploring a sale of its remaining stake in Qualtrics International Inc. as the company looks for ways to boost profit. The German software company expects adjusted operating profit for 2023 to rise to a range of €8.8 billion ($9.6 billion) to €9.1 billion at constant currencies, according ...

Bloomberg Nokia Oyj reported better-than-expected earnings, saying demand “remains robust” even amid a weaker macro-economic backdrop with phone carriers set to take a more cautious approach to spending on 5G networks. Adjusted operating profit rose 27% to €1.15 billion ($1.3 billion) for the fourth quarter, the Espoo, Finland-based mobile network company said in a statement on Thursday. That compares to ...

  Bloomberg The US Federal Trade Commission filed its lawsuit to block Microsoft Corp.’s $69 billion takeover of gaming company Activision Blizzard Inc. in December partly to get ahead of its European counterparts and dissuade them from accepting a settlement allowing the deal, according to people familiar with the investigations. The FTC filed a complaint challenging the merger on Dec ...