Berkshire Hathaway’s third-quarter profits decline 11%

OMAHA: Warren Buffett’s company reported Saturday that it saw an 11% decline in third-quarter profits because of a smaller increase in the paper value of its investments, even as it sits on a mountain of cash. Berkshire Hathaway said it made $16.52 billion, or $10,119 per class A share, in the quarter, down from $18.54 […]

UAE Minister meets US Treasury Secretary

ABU DHABI: As part of the Ministry of Finance’s efforts to strengthen relations and develop financial and economic cooperation frameworks with other countries, Obaid Humaid Al Tayer, Minister of State for Financial Affairs, recently met with Steven Mnuchin, US Treasury Secretary, in Abu Dhabi. Mubarak Rashed Al Mansoori, Governor of the Central Bank of the […]

Dubai Silicon Oasis, Intel launch new phase of Innovation Centre

DUBAI: Dubai Silicon Oasis, DSO, the integrated free zone technology park, and Intel, the Silicon Valley-headquartered tech giant, today announced the launch of the new phase of “Intel Innovation Centre” that is directly aligned with the “Project Mustakbal”, an initiative that was revealed by Intel during the event and seeks to further accelerate the Middle […]