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- Yamama Cement to upgrade production line being moved to new plant site
- Arabian Cement forecasts rise in cement demand in Saudi Arabia
- Microsoft laying off several thousand employees
- QSE index closes higher
- Bahrain All Share Index, Islamic Index close higher
- Abu Dhabi's hotel revenues surge to $230m in April
- Gulf Bank launches Bug Bounty and Vulnerability Disclosure Program
- Burgan Bank signs partnership with SAP to deploy SuccessFactors HRM system
- Al Mudhaibi Industrial City signs two investment agreements worth OMR5.75 million
- OPAZ invites bids for phase one of Al Rawdah water drainage project
03/07/2025 05:51 AST
Microsoft on Wednesday said it was slashing a little less than four percent of its global workforce as it seeks to cut layers of middle management and leverage new technologies.
"We continue to implement organizational changes necessary to best position the company and teams for success in a dynamic marketplace," a Microsoft spokesperson said in an email.
The cloud computing tech giant did not disclose the total amount of lost jobs but as of June 2024 it employed 228,000 people.
AFP
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
03/07/2025
Global public debt rose to an all-time high of $102 trillion in 2024, representing a 7.36 percent increase compared to the previous year, according to a leading UN body.
Nearly one-third of
Arab News
02/07/2025
Most stock markets in the Gulf gave up early gains to close lower on Tuesday, as investors booked profits and turned cautious ahead of a US Senate vote on President Donald Trump's landmark tax and sp
Reuters
02/07/2025
Jordan aims to lower its public debt-to-gross domestic product ratio to 80 percent by 2028 under an International Monetary Fund-backed reform program, according to a government official.
Fi
Arab News
01/07/2025
The latest report by S&P Global highlights that geopolitical tensions and shifting trade policies could potentially have a negative impact on the global oil demand.
Premasish Das, Executive
Times of Oman
01/07/2025
The Gulf Cooperation Council and Japan have launched the second round of negotiations for a free trade agreement, with discussions focusing on enhancing economic cooperation between the two sides. <
Arab News
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