Articles
Meta warns investors of rise in Reality Labs operating losses
Company predicts its 2024 capex to be in range of $37bn and $40bn
UAE's e& posts 25% rise in profit as subscriber base surges
The company's list of subscribers in the Emirates grew 5% annually to almost 15 million
Microsoft stock prices drop on weaker cloud earnings
Company's net profit jumps to $22bn in the three months to the end of June
Airbus income drops more than 50% on space system charges
French plane maker's order backlog stood at 8,585 commercial aircraft at the end of last month
Tesla recalls more than 1.8 million vehicles over bonnet defect
An unlatched bonnet can fully open, obstructing the driver's view and increasing the risk of a crash, US transport agency says
OpenAI launches AI-powered search engine SearchGPT
Microsoft-backed company has launched search tool to small group of users and publishers for feedback
Adnoc teams up with Chinese companies for low-carbon and LNG ventures
Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, led a UAE delegation to China this week
Alphabet to invest $5bn in Waymo amid profit and stock surge
The company aims to make its self-driving unit the 'world’s leading autonomous driving company' as shares up nearly 32% in 2024
Tesla shares tank on vehicle volume growth outlook for 2024
Texas company's shares dropped almost 8% in after-hours trading
Abu Dhabi to launch data security, autonomous mobility and AgriTech ventures
Advanced Technology Research Council announces details of projects to Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi
CrowdStrike-induced Microsoft outage stirs temporary market volatility
While CrowdStrike's shares dropped more than 20% in pre-market trading, the overall fiasco is expected to benefit cyber security ETFs, experts say
What is UAE Central Bank's new regulation on stablecoins?
The new provision, which is likely to prohibit the use of Bitcoin for goods and services in the Emirates, is expected to come into force next year
Saudia to buy up to 100 vertical take-off jets from Germany's Lilium
Conglomerate expects to receive first electric vertical take-off and landing jets in 2026
UAE signs $817m currency swap agreement with Ethiopia
Banking regulators of both countries ink initial deals to boost cross-border transactions and link their payment and messaging systems
Asia-Pacific boost to help double global air traffic in 20 years
Airbus expects the worldwide fleet to more than double over the next two decades to 48,230 planes
