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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

SIRC, Tadweer sign MoU on waste management and recycling

The MoU aims to explore potential investment opportunities in the waste management and recycling sector in Saudi Arabia. (AFP)
  • They will explore joint options for adopting technology and ideal recycling solutions, activating operational activities in the waste sector.
  • Through this and other MoU, SIRC Group seeks to activate the circular economy initiative to achieve the goals and programs of the Kingdom's Vision 2030.

Riyadh, Saudi Arabia–The Saudi Investment Recycling Company (SIRC) has signed a joint memorandum of understanding with the Abu Dhabi Waste Management Company (Tadweer) to explore potential investment opportunities in the waste management and recycling sector in the kingdom.

They will explore joint options for adopting technology and ideal recycling solutions, activating operational activities in the waste sector and feasible solutions for treating municipal solid waste and converting it into energy, relying on trained human resources and capabilities with attention to awareness in the recycling and waste sector, SPA reported.
The MoU aims to exchange studies and research that would enhance aspects of cooperation that contributed to the achievement of the Saudi Green Initiative to enhance sustainability and preserve the environment.
Through this and other MoU, SIRC Group seeks to activate the circular economy initiative to achieve the goals and programs of the Kingdom’s Vision 2030.