Amazon has doubled its profit in the first three months of this year, according to its latest earnings report.
The company now plans to spend $800 million on speeding up its delivery times.
From Washington, Daniel Ryntjes reports:
Search Dubai Eye 103.8
Amazon reaches a new record profit
More from Business
-
Some Indian refiners to move away from Russian oil, sources say
Some Indian refiners are preparing to cut Russian oil imports, three sources told Reuters on Thursday, after US President Donald Trump said India had given an assurance it would stop its buying to help end the war in Ukraine.
-
Shutdown could cost US economy $15 billion a week, Treasury says
The two-week-old federal government shutdown may cost the US economy as much as $15 billion a week in lost output, a Treasury official said late on Wednesday.
-
Dubai summit to tackle urban challenges, future-ready cities
Global leaders at the forefront of shaping cities are set to gather in Dubai this month for a major summit focused on the future of urban living.
-
GITEX expands to Latin America
GITEX is going global once again — this time heading to Latin America — with GITEX LATAM set to debut in São Paulo, Brazil in March 2027.
-
EU fines Gucci, Chloe and Loewe for fixing resale prices
Gucci, Chloe and Loewe have been fined a total of 157 million euros ($182 million) by the European Union's antitrust watchdog for fixing the resale prices of their retail partners.
Coming Up on Dubai Eye
-
The Music Mix11:00pm - 6:00am
Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need
-
The Business Breakfast6:00am - 10:00am
The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.
BUSINESS BREAKFAST LATEST
-
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USAUAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
-
New iPhone Launch - Too Soon For Apple?Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
-
Working From Home or Hardly Working?Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
On Dubai Eye
-
Is There Sufficient House Supply In UAEDubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
-
Noon's First Female Delivery DriverGlory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
