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Iraq Bulletin

Tag : business news

Business

Air Arabia Q1 profit slips as regional disruption bites

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Air Arabia reported a net profit of AED 278 million for the first quarter ended March 31, 2026, as regional airspace closures and temporary operational restrictions weighed on capacity during the period. The Sharjah based carrier said first quarter profit...
Business

Dnata invests A$32 million in Western Sydney cargo hub

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SYDNEY: Dnata said on April 22 it will invest about A$32 million to establish a dedicated cargo terminal at Western Sydney International Airport, becoming one of the early freight operators at Sydney’s new 24-hour gateway before full passenger services begin. The...
Business

Alphabet becomes fourth company to cross $4 trillion valuation

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MENA Newswire, SAN FRANCISCO: Shares of Alphabet Inc. rose sharply on Monday, lifting the Google parent’s market capitalization above $4 trillion for the first time and placing it among a small group of companies to reach that valuation threshold. The milestone was achieved during...
Business

P&G, Shell, Microsoft lead Pakistan business exits

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KARACHI, Pakistan, Oct 7, 2025: A growing number of multinational corporations are exiting or scaling down their operations in Pakistan, citing regulatory hurdles, macroeconomic instability, and broader global restructuring strategies. The latest among them is Procter & Gamble, which has...
Featured News

MicroStrategy’s bitcoin holdings top $45 billion in market value

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MicroStrategy, now operating under the name Strategy, has significantly reduced its workforce while aggressively expanding its bitcoin holdings. The company disclosed in its audited 2024 annual report, filed Tuesday, that it cut 20.7% of its workforce as it more than...
Business

Jamie Dimon stands firm on JPMorgan’s five-day return-to-office rule

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JPMorgan Chase CEO Jamie Dimon has dismissed employee opposition to the bank’s strict five-day return-to-office (RTO) mandate, rejecting a growing petition effort during a recent town hall meeting. According to media outlets, Dimon responded bluntly to questions about the policy,...
Featured News

Meta lays off 3,600 employees as tech sector job cuts continue

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Meta is laying off approximately 3,600 employees, accounting for about 5% of its workforce, as part of its ongoing restructuring efforts in 2025. The layoffs, which began on February 10, are being classified by the company as "performance terminations," targeting...