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Unilever sales growth misses estimates
Unilever, the maker of Dove soap and Lipton tea, reported second-quarter revenue growth that missed analysts’ estimates as Asian emerging markets continued to slow and the amount of food sold stagnated.
Nokia records $3.38 billion Q2 net profit; shares jump
Finnish telecom equipment group Nokia jumped back into profit in the second quarter, it reported on Thursday, boosted by restructuring after it lost its leading position in handsets and sold its phone division to Microsoft.
Apple wants up to 80 million large-screen iPhones ready by year-end
The new phone models are also expected to feature metal cases similar to the iPhone 5S and likely come in multiple colors, the people said.
Mobily’s Q2 net profit slips 18.6%
Etihad Etisalat, or Mobily, Saudi Arabia’s No.2 telecom operator, matched forecasts with a 18.6 per cent fall in second-quarter net profit on Monday after it scrapped a network-sharing deal with Atheeb Telecom.
Severstal sells US steel plants to AK steel, Steel Dynamics
Russia’s Severstal said on Monday it had agreed to sell its two US steel plants for $2.3 billion, withdrawing from the US market at a time of rising tension between Russia and the West and turning its focus to its domestic business.
Reliance earns record $1b Q1 profit
The company “has a great pipeline of new projects” that will keep Reliance ahead of rivals, Ambani said in a statement.
Kalyan Silks kicks off big Ramadan sale
The highlight of this sale is that for every shopping worth Dh250, customers will get a gift voucher worth Dh50.
Pure Gold launches Ramadan jewellery
The Islamic pendants made with gold, colour stones and intricately set brilliant diamonds, reflect the spirit of holiness, prayer and giving that symbolises the month of Ramadan.
Interest free financing with Al Habtoor’s Ramadan offer
To add more excitement to the Ramadan promotion, 100 lucky customers will get a chance to win Dh10,000 cash in Al Habtoor Motors “Million Dirham Giveaway”.
PayPal boosts eBay revenue
Investors had been braced for a tough quarter.
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