British luxury brand Burberry said underlying sales fell 9% in the three months ended December as the COVID-19 pandemic closed shops and meant fewer tourists visiting its European stores.
Comparable store sales in Europe, the Middle East, India and Africa declined 37% in the quarter, the third of its financial year, but the company said it remained confident in the future, buoyed by sales growth of 11% in Asia Pacific stores.
Borouge shareholders approve $1.32 billion 2025 dividend
Shareholders in Abu Dhabi-listed Borouge approved a $1.32 billion dividend for 2025 on Tuesday, as the petrochemicals company reported strong financial performance.
Emirates NBD launches business support package for SMEs
Emirates NBD has unveiled a business support package that consists of a set of temporary fee-relief measures to help SMEs manage day-to-day operations over the next few months.
H.H. Sheikh Khaled holds talks with Nubank CEO
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has explored investment opportunities offered in the Emirate during talks with David Vélez, Founder and CEO of Nubank.
'All roads' lead to higher prices, slower growth, IMF chief says
The war in the Middle East will lead to higher inflation and slower global growth, the head of the International Monetary Fund said on Monday, ahead of a fresh forecast for the world economy planned by the global lender for next week.
ADNOC Gas shareholders approve record $3.6 billion dividend for 2025
ADNOC Gas confirmed shareholder approval of a record $3.584 billion dividend for 2025, with a final dividend of $896 million payable in May, at its Annual General Meeting on Monday.
