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Economy

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

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.

UAE to invest $2bn in Egypt in order to bolster its economy

The decision came during a rare meeting between leaders of Egypt, the UAE and Israel to discuss energy and food security.
By TRENDS Desk
March 27, 2022 8:20 pm
  • The world’s largest wheat importer has been hit hard by record grain prices that were fueled by the Russia-Ukraine war
  • The decision came during a rare meeting between leaders of Egypt, the UAE and Israel to discuss energy and food security

The UAE is going to invest some $2 billion in Egypt by buying up the state-owned companies in order to shore up the country’s teetering economy as hardships from the Ukraine war spike.

The world’s largest wheat importer has been hit hard by record grain prices that were fueled by the Russia-Ukraine war.

The decision came during a rare meeting between leaders of Egypt, the UAE and Israel to discuss energy and food security.

Having been discussed before the Ukraine war, the deal has been sped up as fighting shook the global economy.

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