Amazon’s founder and CEO has become the third-richest person in the world. The company’s earnings beat analysts’ expectations, and, according to Forbes magazine, Jeff Bezos has become the third richest person in the world. He owns 18% of Amazon’s shares and is estimated to be worth AED239 billion (USD65.3 billion). The 52-year-old came in behind number one Microsoft founder - Bill Gates, and Zara founder Amancio Ortega.
ADNOC awards manufacturing contracts worth $196.2M
ADNOC has awarded contracts valued at AED 720 million ($196.2 million) to 11 companies for local manufacturing of a wide range of product across the value chain.
Emirates profit hits record AED9.7b in first corporate tax year
Emirates profit for the first half of 2024-25 hit a new record of AED 9.7 billion ($2.6 billion) before the newly implemented corporate tax, up 2 per cent compared to the same period last year.
China stocks fall as investors brace for Trump presidency
China and Hong Kong stocks started lower on Thursday as investors priced in heightened tensions around security and trade in a second Donald Trump presidency, with losses contained by expectations from a key Chinese leadership meeting.
UAE and Australia sign major economic agreement
The UAE and Australia have signed a Comprehensive Economic Partnership Agreement (CEPA), witnessed by H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs.
Latest With Hit
Meet Harnidh Kaur, one of the most youngest followed on social media
