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stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

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

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ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Dubai Customs launches smart lockers for passengers to store valuable cargo

During the meeting, Dubai Customs presented a series of projects and initiatives, including the "Etibaat" initiative.
  • Passengers can store goods in lockers at airport customs center without paying duty and collect them through self-clearance service on departure.
  • The I-Box smart lockers project has cut down the process time for delivery from 30 minutes to 1 minute.

On the inaugural day of GITEX Technology Week 2021, Dubai Customs launched I-Box smart lockers for storing commercial items or valuable cargo carried on by inbound transit passengers.
Travelers can keep their valuable goods in the lockers at the airport customs center on arrival without paying duty and collect them through self-clearance service on departure from the country.
The I-Box smart lockers project has cut down the processing time for delivery of valuable items from 30 minutes to 1 minute only, Dubai Customs said in a statement.
The passenger can simply scan the QR code on the locker and use the OTP code sent to his phone number to unlock the locker and pay storage fees online without any paperwork.
These fireproof lockers boast high-end security systems and are easy to move from one place to another within the airport terminals.
Dubai Customs is taking part in this year’s GITEX under the theme “Digital Trade for Safe, Sustainable Supply Chains”, presenting eight cutting-edge smart initiatives.