Browsing: Business

Warren Buffett’s Berkshire Hathaway reached a significant milestone on Wednesday, becoming the first U.S. company outside of the technology sector to achieve a $1 trillion market capitalization. The Omaha-based conglomerate’s shares have surged by more than 28% in 2024, far outpacing the

Saudi Arabia’s Foreign Direct Investment (FDI) has experienced significant growth, reaching nearly $215 billion in 2023. Khalid Al Falih, the Saudi Minister of Investment, attributes this surge to several key reforms enacted in recent years. These include the Civil Transactions Law, Private

Lego announced a robust 13% revenue increase for the first half of 2024, reaching 31 billion Danish krone (approximately $4.65 billion), driven by popular lines like Lego Icons and a successful collaboration with Epic Games‘ Fortnite. CEO Niels Christiansen highlighted the broad strength across Lego’s

Global stock markets saw modest gains today, with Nvidia Corp. at the center of attention as it approaches a pivotal earnings announcement. The tech giant, a key player in the AI sector, is anticipated to report a revenue surge of over

In the second quarter of 2024, the European Union registered a trade surplus of €40.4 billion in goods, marking a significant reduction from €55.3 billion in the preceding quarter. This figure represents the fourth consecutive quarter the EU has maintained a trade

In a statement released Wednesday, Haitham Al Ghais, the Secretary-General of OPEC, addressed common misconceptions about the competition between oil and electrification, emphasizing the collaborative role petroleum plays across various sectors. Al Ghais highlighted the critical role of petroleum and its

As 2024 progresses, gold has surged by over 20%, drawing heightened interest from Wall Street as it begins to outshine the broader U.S. stock market. According to financial experts, this trend is largely influenced by the Federal Reserve’s potential policy shift towards lowering interest rates.

Gold prices reached unprecedented heights this week, hitting a record of $2,500.99 per ounce amid weakening U.S. dollar and heightened anticipation of a Federal Reserve rate cut. The spot gold price later edged up to $2,498.72 by late Friday afternoon, while U.S.

In a strong rebound, U.S. shoppers ramped up their spending in July, registering a 1% increase from June – the highest growth in retail sales seen in 18 months. This surge, reported by the Commerce Department, came after a modest dip

Initial public offerings (IPOs) in the UAE have amassed a significant $890 million in the second quarter of 2024, highlighting a robust period for market debuts. This data, provided by PwC Middle East in its latest IPO+ Watch report, illustrates a strong