SoftBank Group Representative Masayoshi Son speaking at a press conference in Tokyo, Japan. File / Agence France-Presse
Japanese telecom SoftBank Corp on reported a 15 per cent rise in third-quarter operating profit, beating estimates, underpinned by its mobile business. SoftBank also raised its full-year operating profit forecast to 900 billion yen ($8.19 billion) from 890 billion yen previously.
SoftBank Group Corporation announced on Friday a second Vision Fund aimed at investing in technology firms, saying it has secured pledges totalling about $108 billion from companies including Microsoft and Apple.
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
Tower A, the Elite building of Bloom Towers, consists of 255 premium residential units ranging from one-bedroom to three- bedroom apartments with sizes from 700 to 1,600 sqft available to purchase with prices starting from Dhs750,000, offering homeowners and investors great opportunities to secure exceptional long-term value and a guaranteed 8% return on investment for three years.
The impairment provisions for the eight banks increased by about 103 per cent during the first nine months of 2020 to Dhs16.6 billion, compared to Dhs8.2 billion for the same period in 2019.
The Federal Tax Authority (FTA) Board of Directors, chaired by Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, and Chairman of the Authority’s Board of Directors,