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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

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.

Largest museum of Egyptian civilization to open in 2022 near Giza Pyramids

The Egyptian government will roll out development projects worth $860 million in 2022.
  • The Grand Museum is spread across 117 acres. Its inauguration was delayed due to COVID-19 pandemic, and will now open in the second half of 2022.
  • Egyptian teams managed to restore very important statues in the Luxor area, including a statue of King Ramses II who ruled Egypt for 66 years.

Egypt is set to open what is billed as the world’s largest museum of Egyptian civilization near the iconic Giza Pyramids.

The Grand Museum is spread across 117 acres with its inauguration delayed due to COVID-19 pandemic, and will now open in second half of 2022, said Mostafa Waziri, Secretary-General of Supreme Council of Antiquities in Egypt.

Speaking at the Egypt Pavilion at Expo 2020 Dubai on Sunday, Waziri said construction work was now complete and work on the display areas was ongoing, media reports said.

Waziri added: “We can confirm that we have completed work on the exhibits that will be displayed at the Grand Museum, and are on track to open the museum in the second half of 2022.”

During the symposium on excavations in Egypt, Waziri reviewed recent discoveries and revealed more projects to excavate ancient Egyptian treasures.

“What we see above the surface of the earth in Egypt does not exceed 40 per cent of the antiquities contained below the ground,” he said.

“There are more than 50 Egyptian missions working at various sites, and discoveries in Luxor, Minya, Sohag, Saqqara, Cairo and the Lower Egypt region have surprised the world,” he added.

Waziri revealed that Egyptian teams managed to restore very important statues in the Luxor area, including a statue of King Ramses II, who ruled Egypt for 66 years between 1279 and 1213 BC, local sources said.

Egypt unveiled this statue, which is 12 meters high and weighs 65 tons, in April 2017 as part of a major restoration campaign in Luxor.