Browsing: Business

EDGE today unveiled 11 new innovative unmanned and autonomous solutions with enhanced capabilities for application across the air, land, and maritime domains on the opening day of the International Defence Exhibition and Conference (IDEX 2023). These achievements reinforce EDGE’s position

Pakistani businessmen are warning the government that if the import levy is not lifted, millions will lose their jobs. They are urging the administration to allow materials stuck at the Karachi port into the country. Steel, textile, and pharmaceutical industries

Through its new dedicated development finance arm, EIB Global, the European Investment Bank (EIB) will contribute $27 million to the Middle East Venture Fund IV (MEVF IV). Middle East Venture Partners (MEVP) has launched a new venture capital fund that

By 2023, Adidas could lose 1.2 billion euros ($1.3 billion) in revenue if it cannot sell its existing Yeezy stock. Adidas shares fell 11% around 9 a.m. London time following the news. “The numbers speak for themselves. We are currently

JPMorgan Chase & Co.’s CEO Jamie Dimon cautioned against declaring victory too soon against inflation, warning the Federal Reserve might raise interest rates above 5% if prices remain “sticky.” Several Federal Reserve officials said more rate increases were on the

Since taking over Twitter, the world’s second-richest person Elon Musk has struggled to sell subscriptions. Musk took over Twitter in October, but subscriptions have been slow. He promised to revamp the company’s subscription revenue strategy. In 2021, Twitter Blue was

Bloomberg News reported on Monday that Dell Technologies would eliminate about 6,650 jobs, or about 5% of its global workforce. This is as a result of the falling demand for personal computers. The company is experiencing market conditions that “continue

According to central bank governor Riad Salameh, Lebanon will adopt a new official exchange rate of 15,000 pounds per U.S. dollar on Feb. 1. This represents a 90% reduction from the current official rate which has remained unchanged for 25

Etihad Cargo, Etihad Aviation Group’s cargo and logistics arm, exceeded its operational performance targets in 2022. In freighter departures, the carrier achieved 80.5 percent on-time performance (OTP) and in freighter arrivals, it reached 84.1 percent. Over its target of 85

Indian Finance Minister Nirmala Sitharaman presented a $550 billion progressive and inclusive Union Budget for 2023-24 today. According to her, Indian economics are heading in the right direction despite challenging times globally. Economic growth in the current year is estimated