Latest news with #JanHarvey
The Star
15-05-2025
- Business
- The Star
Ubisoft shares plummet as it guides for further cash burn
(Reuters) -Shares in video game maker Ubisoft dropped heavily on Thursday after the French game developer guided for this year's cash generation to remain negative, while expecting its operating income at a breakeven. The company, which is behind the Assassin's Creed franchise, reported on Wednesday a 20.5% drop in its full-year 2024-2025 net bookings due to delayed releases and the underperformance of some of its leading titles. Ubisoft shares were down about 20.5% by 0720 GMT at 9.28 euros, heading for their biggest single-day drop in more than 11 years. (Reporting by Piotr Lipinski; Editing by Jan Harvey)
Zawya
06-05-2025
- Business
- Zawya
Saudi Arabia, US to sign deal in mining, mineral resources, cabinet says
Saudi Arabia is set to discuss and sign a deal with the U.S. in the fields of mining and mineral resources, the Saudi cabinet said in a statement relayed by the country's state news agency on Tuesday. (Reporting by Jaidaa Taha and Yousef Saba; Editing by Jan Harvey)
Zawya
17-04-2025
- Business
- Zawya
Jordan tenders to buy up to 120,000 T of feed barley, traders say
HAMBURG - Jordan's state grains buyer has issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said on Thursday. The deadline for submission of price offers in the tender is April 23. A new announcement had been expected by traders after Jordan made no purchase in its previous tender for 120,000 tons of barley on Wednesday. Shipment in the new tender is sought in a series of possible combinations in 50,000 to 60,000 ton consignments on August 1-15, August 16-31, September 1-15 and September 15-30. A separate tender from Jordan to buy 120,000 tons of milling wheat closes on April 22. (Reporting by Michael Hogan; Editing by Jan Harvey)
Zawya
16-04-2025
- Business
- Zawya
UAE's Majid Al Futtaim invests $1.36bln to expand Dubai's Mall of the Emirates
DUBAI - Emirati retail conglomerate Majid Al Futtaim announced on Wednesday a AED 5 Billion ($1.36 billion) investment to expand Dubai shopping mall the Mall of the Emirates. ($1 = 3.6728 UAE dirham) (Reporting by Jana Choukeir; Editing by Jan Harvey)
Zawya
01-04-2025
- Automotive
- Zawya
Saudi's Jameel Motors enters South Africa as distributor of Changan cars
JOHANNESBURG: Saudi Arabia's Jameel Motors has signed a deal to distribute China-based Changan Automobile's SUVs, sedans, pickups and new energy vehicles in South Africa, the companies announced on Monday, their first foray into the country. South Africa is the largest automotive market in sub-Saharan Africa, with new vehicle sales totalling more than 500,000 in 2024 and growing demand for affordable vehicles with the latest technology. Changan will become the latest Chinese carmaker to tap the South African market, already home to state-owned Chery Automobile, BYD, Great Wall Motor and BAIC Motor, which are counting on their affordable prices to attract buyers. Automotive distributor Jameel Motors, owned by Saudi Arabia's Abdul Latif Jameel Group, will initially focus on the distribution of Changan and Deepal products. The vehicles are expected to be available for purchase in the fourth quarter, the companies said in a statement. Changan offers sedans, SUVs and pickup combustion engine vehicles such as the Hunter, while Deepal focuses on new energy vehicles. The initial ranges that will be launched this year include the electric SUV Deepal S07, SUV CS75 Pro, Hunter pickup truck and the Alsvin sedan. (Reporting by Nqobile Dludla; Editing by Jan Harvey)
