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Dubai / WAM  du, from Emirates Integrated Telecommunications Company (EITC), has published its financial results for the quarter-ended September 30. Revenues increased by 10.5% to AED3.17 billion on sustained demand for broadband and mobile services. Ebitda increased by 18.5% year-over-year to AED1,303 million. The increase in service revenues (and its inherent higher profitability) lifted the gross margin to 65.2% compared ...

North Korea threatened to unleash a powerful action if the US does not halt joint military drills with partners including South Korea, in what might be an effort by Kim Jong Un to lay the groundwork for his first nuclear test in five years. “If the US continuously persists in the grave military provocations, the DPRK will take into account ...

Turkey isn’t satisfied with promises made by Sweden to crack down on Kurdish separatists and is unlikely to lift its objections to the nation’s Nato membership bid unless it takes more definitive steps, Turkey’s ruling AK Party spokesman Omer Celik said. “These statements of Sweden are good, but not enough until they are implemented,” Celik said late Monday. “We are ...

Protests by backers of Jair Bolsonaro, led by truck drivers, have spread across the country as the Brazilian president remains silent over his loss in Sunday’s election, so far refusing to concede defeat to his foe Luiz Inacio Lula da Silva. Supporters of the firebrand president, unhappy with the election result, blocked more than 200 roads across more than a ...

Washington’s restrictions on US citizens assisting China’s chip industry will be more narrowly enforced than feared, suggesting a smaller-than-expected impact on semiconductor companies doing business in the world’s second largest economy. The rules seem to be mostly targeting US persons working in certain functions for semiconductor manufacturing equipment firms, based on a document the Bureau of Industry and Security published ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has signed a three-year agreement with the Atlantic Council to collaborate on the Council’s Nuclear Energy Policy Initiative and support its efforts in promoting nuclear energy as a central component to the clean energy transition. The Atlantic Council is a US-based think tank, and home to the Global Energy Centre, ...

Abu Dhabi / WAM The Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed an AED36.7 million ($10 million) line-of-credit agreement with the National Bank of Iraq, part of the Capital Bank group. The agreement aims to boost economic cooperation between the UAE and Iraq, which, in turn, will strengthen bilateral relations. ...

Karachi / WAM Hamad Obaid Salem Al Zaabi, UAE ambassador to Pakistan, accompanied by Bakheet Ateeq Al Rumaithi, UAE Consul-General in Karachi, attended an event commemorating the arrival of ships carrying 200 containers of food and medical supplies to support 500,000 Pakistani families affected by the floods that hit many parts of the country. The event was held in the ...

McDonald’s Corp. sales handily beat expectations as diners proved willing to pay more for their fries and burgers while grappling with inflation in their gas, grocery and energy bills. The results underscore why McDonald’s feels like it’s in a good position even as clouds gather in the economy. The company is picking up customers as rivals across the industry raise ...

Ocado Group Plc surged after signing an exclusive deal with Lotte Shopping Co. to develop the South Korean retailer’s online grocery business. The UK developer of automated delivery systems will work with Lotte to build a network of robotic warehouses using Ocado’s Smart Platform, as well as providing technology for building online orders from Lotte’s stores. Lotte Shopping operates department ...