OPEC talks in Algeria next week will be a consultation with no target to reach a decision. Speaking at an energy event in Fujairah, the UAE’s energy minister urged other members to approach the proceedings with caution. His Excellency Suhail Mohamed Faraj Al Mazrouei suggested a long-term decision was needed, not “a quick solution that is not going to last”.
e& records net profit of AED 10.8 billion in 2024
e& recorded a net profit of AED 10.8 billion in 2024, marking a 4.3 per cent increase year-over-year, the UAE-based telecommunications company said on Tuesday.
Dubai Taxi Company and Dubai Airports sign 5-year partnership
The Dubai Taxi Company (DTC) has signed a five-year strategic partnership with Dubai Airports, to be the exclusive provider of taxi services at Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC).
Apple plans $500 bln US investment, 20,000 research jobs
Apple says it will spend $500 billion (AED 183.6 billion) in US investments in the next four years that will include a giant factory in Texas for artificial intelligence servers and add about 20,000 research and development jobs across the country in that time.
Tesla rolls out advanced self-driving functions in China
US electric vehicle giant Tesla has started offering advanced self-driving functions for its cars in China, including autopilot on city streets, the company announced on Tuesday.
flydubai reports strongest financial results in 15-year history
flydubai has recorded record-breaking annual results for its financial year ending December 31, 2024, the UAE carrier has announced. The airline reported a pre-tax profit of AED 2.5 billion ($674 million), which represents a 16 per cent growth year-on-year, and a total revenue of AED 12.8 billion ($3.5 billion).
