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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

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

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

Slovakia debuts its first Hydrogen car at Expo 2020

The vehicle is called the MH2 Hydrogen car.
  • The vehicle, called the MH2 Hydrogen car, has been designed by Branislav Mauks
  • He is a Slovakian designer who since 2007 has contributed in designing each of Ferrari’s models

Slovakia recently unveiled the country’s first hydrogen-powered car at its pavilion at Expo 2020 Dubai, local reports have said.

The car has an aerodynamic design and is a sports model, and does not produce dangerous emissions, said the reports.

Called the MH2 Hydrogen car, it is said to have been designed by Branislav Mauks, a Slovakian designer who since 2007 has contributed in designing each of Ferrari’s models.

The car is apparently the result of a collaboration between the Matador Group and the Kosice Technical University.

Meanwhile, the theme of the Slovakia Pavilion is Movement of Future: Hydrogen, Aviation and Space.

Among the other exhibits at the pavilion are the space robot Androver, which was originally created for NASA.

Another exhibit is a flight simulator, created by the Slovak firm Virtual Reality Media, which specializes in flight and ground technology simulators.