Browsing: Business

Apple’s record revenue in India reflects growing demand for iPhones and services, with CEO Tim Cook highlighting a September quarter record and plans to open four new stores in the country.

Dubai Aerospace Enterprise reported $310.8 million net profit for Jan–Sep 2024, a 55% increase year-over-year, supported by strategic aircraft acquisitions and rising revenue.

South Korea’s corporate financing surged by 57.6% in September, driven by strong bond sales. Companies raised 31.6 trillion won, while equity issues declined significantly.

Russia’s GDP grew by 4.2% in the first eight months of 2024, driven by expanding international trade and stronger economic partnerships with ‘friendly’ nations.

Kuwait’s crude oil price surged by $4.5 on Wednesday, reaching $75.40 per barrel, driven by concerns over Middle Eastern tensions and market uncertainty, according to Kuwait Petroleum Corporation.

The World Economic Forum launched a platform to boost clean energy investment with 100 solutions from 47 countries, aiming to unlock $1.7 trillion in finance for emerging markets.

Azizi Developments has signed a 50-year lease in KEZAD to build 12 factories worth AED1 billion, supporting modular construction and sustainable practices in the real estate sector.

Federal Reserve Chair Jerome Powell emphasized a cautious approach to future rate cuts, noting that the Fed will act based on economic conditions, inflation trends, and the job market.

Global rice prices dropped after India resumed non-basmati white rice exports, easing supply concerns for importers in Asia and Africa and stabilizing the market.

Saudi Arabia has achieved a milestone with 558 million kg of poultry production in H1 2024, a 9% increase from 2023. The growth is attributed to biosecurity and financial support measures.