BP posts US $ 3.3 Billion 3rd Quarter Profit
The British energy major, BP, posted a proxy for net profit, of $3.3 billion for the third quarter, above analyst estimates of $3.1 billion. This was fueled by the surge in global energy prices.
Microsoft, the world’s most valuable company
Apple lost its crown as the world’s most valuable public company to Microsoft Corp on Friday, as the iPhone maker’s shares fell about 2%.The companies have taken turns as Wall Street’s most valuable business in recent years, with Apple holding the title since mid-2020.
Saudi Licenses 44 Multinationals to move Regional HQ to Riyadh
It comes following a directive announced earlier this year by the Saudi authorities, which stipulated that, from 2024, companies who failed to have their regional HQ in Riyadh would not be considered for government contracts.The firms will get exemptions from work visa limits, eased regulations, and
Gulf economies to pick up speed next year
Economies in the six-member Gulf Cooperation Council will grow faster next year than previously thought, according to a Reuters poll of economists who warned a decline in oil and gas prices was the biggest risk to their outlook. The oil-rich region will benefit from an increased COVID-19 vaccination
MCDONALD’S IS targeting Zero Emissions by 2050
McDonald’s set a new target to cut its global greenhouse gas emissions to net zero by 2050 in everything it does, from its beef supply to its lightbulbs. The burger chain also said it was working to revamp its existing climate change targets. It aims to lower absolute emissions by about a thir