Browsing: Business
As the slump in Initial Public Offerings (IPOs) and mergers on Wall Street continues to deepen this year, leading advisory firms including Morgan Stanley, Bank of America, and Citigroup have resorted to job cuts. Specifically, Morgan Stanley is planning to
Apple Inc., the Cupertino-based tech behemoth, has garnered unprecedented attention with the recent launch of its Apple Card Savings Account. The introduction of this financial innovation has seen an impressive inflow of nearly $1 billion in deposits within the initial
In a recent address to the diplomatic corps and students in the Dominican Republic, External Affairs Minister S Jaishankar underscored the burgeoning relationship between India and Latin America. He stated that the once-distant region is now firmly on India’s radar,
The Abu Dhabi International Airport, managed by Abu Dhabi Airports, recently welcomed the inaugural cargo flight from SF Express, marking the Chinese logistics behemoth’s first foray into the region. This inaugural flight is a key marker of a robust strategic
South Korea has reinstated Japan on its “white list” of trusted trading partners, a significant step towards mending their bilateral economic and diplomatic ties. Three years ago, Japan was removed from the list, which grants expedited trade processes for approved
Russia’s Agriculture Ministry has projected a 2023 grain harvest of more than 123 million metric tons, including 78 million metric tons of wheat, factoring in new territories, according to Minister of Agriculture Dmitry Patrushev. He noted that the ongoing sowing
Gold prices experienced a rebound on April 18, 2023, after two consecutive sessions of losses, as the dollar’s value weakened and investors sought further clarity on the US Federal Reserve’s monetary policy stance, according to a Reuters report. Spot gold
Abu Dhabi Commercial Bank (ADCB) has reported a remarkable 27% surge in its net profit for Q1 2023, reaching AED1.878 billion. The bank’s net interest income also grew by 33% to AED2.851 billion, while non-interest income rose by 34% to
JPMorgan Chase announced a record-breaking first-quarter profit and revenue that surpassed expectations on Friday. The New York-based bank reported a profit of $12.6 billion or $4.10 per share, up 52% from $8.3 billion or $2.63 per share a year earlier.
Emirates Global Aluminium (EGA) has announced its collaboration with the Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC) to advance research in the decarbonization of alumina refining. HILT CRC is an Australian cooperative research center that brings together industry,