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Business
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Energy
5/23/2023 9:02:15 PM
Russian energy giant Gazprom, whose gas exports have plummeted in the wake of the Ukraine conflict, said Tuesday its net profit fell by 41 percent last year due to a tax increase.
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Business
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Tech
5/18/2023 9:40:03 PM
ChatGPT is now a smartphone app, which could be good news for people who like to use the artificial intelligence chatbot and bad news for all the clone apps that have tried to profit off the technology.
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Business
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Markets & Companies
5/15/2023 6:36:22 PM
Vodacom announced that Vodafone Egypt has contributed around $418.47 million to its revenue and profit growth since December, according to a statement by the South African mobile communication group on Monday.
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Business
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Markets & Companies
5/9/2023 10:13:31 AM
Oil giant Saudi Aramco announced first-quarter net profit of $31.9 billion on Tuesday, down 19.25 percent from a year earlier after a drop in crude prices.
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Sports
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World
4/16/2023 12:32:41 PM
Kylian Mbappé and Lionel Messi scored a goal each as French league leader Paris Saint-Germain profited from a red card to beat second-place Lens 3-1 and move nine points clear of its rival.
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Business
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Economy
4/14/2023 3:19:28 PM
Wall Street held steady in premarket trading Friday as some of the nation's biggest banks posted strong first-quarter profits one day after markets surged on reports of slowing inflation.
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Advertising
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Sponsored
3/20/2023 5:44:13 PM
Islamic banking has become increasingly popular among practicing Muslims who want to adhere to religious principles while conducting financial transactions. Islamic banking is a financial methodology based on Islamic law or Shariah, which operates on the principle of profit and loss sharing.
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Business
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Markets & Companies
3/20/2023 10:20:20 AM
Credit Suisse's largest shareholder Saudi National Bank on Monday said there was "no impact" on its growth plans or profitability after the troubled lender's buyout by UBS.
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Business
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Energy
3/15/2023 9:41:26 AM
Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from the United States for refusing to ramp up production to keep oil prices down as Russia continues to mount its offensive in Ukraine.
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Business
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Economy
3/12/2023 11:24:40 AM
Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter.
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Business
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Energy
3/10/2023 3:34:43 PM
Total pay for BP's CEO more than doubled to $12 million last year, the energy giant said Friday, as soaring energy costs allowed oil and gas companies to rake in record profits while squeezing households and small businesses.
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Business
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Markets & Companies
3/3/2023 3:05:14 PM
German airline giant Lufthansa said Friday it returned to annual profit in 2022 after two years of losses, its fortunes lifted by rebounding demand as economies reopened after Covid shutdowns.
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Business
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Markets & Companies
2/7/2023 10:38:55 AM
British energy company BP reported record annual earnings on Tuesday amid growing calls for the U.K. government to boost taxes on companies profiting from the high price of oil and natural gas after Russia's invasion of Ukraine.
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Business
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Tech
1/30/2023 1:46:19 PM
Dutch consumer electronics and medical equipment maker Philips said Monday it is cutting 6,000 jobs worldwide over the next two years as it revealed a net loss of 1.6 billion euros ($1.7 billion) in 2022, down from a net profit of 3.3 billion euros last year.
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Egypt
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Society
1/29/2023 10:03:09 PM
The Egyptian Centre for Strategic Studies (ECSS), a Cairo-based non-profit think tank, will present the findings of a research project dubbed “The Cost of Terrorism and Extremism in Egypt (1990-2020)” in a panel discussion at the 54th Cairo International Book Fair next Thursday.
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World
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International
1/16/2023 9:46:08 AM
Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said Monday as the World Economic Forum's annual meeting gets underway.
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World
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War in Ukraine
12/5/2022 9:57:10 PM
Major Western measures to limit Russia's oil profits over the war in Ukraine took effect Monday, bringing with them uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy that has held up better than many expected under sanctions.
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COP27
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Sharm El-Sheikh
11/10/2022 5:14:21 PM
Fossil fuel lobbyists have flooded UN climate talks in Egypt, a report by watchdog groups said Thursday, even as calls grow at the summit for a windfall tax on oil majors' bumper profits.
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Sports
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World
11/7/2022 11:56:32 AM
Manchester City reported record revenues and profits for the club in its latest financial statement released on Monday, saying ``beautiful football'' was the main reason for its success.
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Business
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Markets & Companies
11/1/2022 12:35:59 PM
Oil giant Saudi Aramco on Tuesday reported a $42.4 billion profit in the third quarter of this year, buoyed by the higher global energy prices that have filled the kingdom's coffers but helped fuel inflation worldwide.
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