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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.
  • Ronaldo effect? Saudi spending spree fuels Asian Cup hopes

    Saudi Pro League sides have shelled out to lure big-name players while Saudi Arabia is set to host the 2034...

    Mancini left more than a dozen of the World Cup squad out of his Asian Cup roster, although injuries have also played a part.

    Saudi Pro League clubs' spending on players over the summer was topped only by the English Premier League.

  • Cairo arts center razed for Old City makeover

    Cairo, Egypt - Nestled in the heart of the historic capital here, a cultural center synonymous with the city's art scene...

    The Darb 1718 center was demolished "without any prior notice", its management said on social media on January 6, to make room for a highway expansion

    Authorities have been aggressively remaking parts of Cairo, a longtime cultural beacon of the Arab world, to expand the capital

  • Innovation makes GCC’s gifting tradition sustainable

    With growing interest in eco-friendly and socially responsible products, gift businesses in the region are adapting by integrating sustainable options...

    With growing interest in eco-friendly and socially responsible products, gift businesses in the region are adapting by integrating sustainable options into their offerings.

    The GCC's gift industry is transforming to meet environmentally conscious consumer preferences, shifting towards locally sourced, organic items, and reusable, recyclable packaging.

  • Son set to light up Asian Cup as Qatar takes center stage again

    The 24 teams spanning Australia to Palestine will battle for regional glory over the next four weeks, culminating in the...

    The 18th edition of the Asian Cup was supposed to have been held last summer in China but was moved to World Cup host Qatar because of China's Covid-19 rules

    Qatar will mostly use stadiums that staged World Cup matches, a notable absentee being Stadium 974, the temporary arena made partly of shipping containers

  • Aramex partners with Bollywood film Dunki starring Shah Rukh Khan

    DUBAI, UAE - Aramex, a global provider of comprehensive logistics and transportation solutions, announced a collaboration with the movie, Dunki...

    The partnership marks Aramex as the official brand partner for the movie and is a showcase of the brand’s commitment to expanding its presence in India.

    In a scene from the film, Shah Rukh Khan’s character receives a package from Aramex at a hotel, putting a spotlight on the brand’s global delivery services.

  • ‘Promoting reading key to a knowledge-based society’

    “By strengthening the habit of reading among people, we aim to contribute to comprehensive development and sustainable education, and to...

    'Reading in Public' initiative has been launched to encourage Arabic language reading in key Abu Dhabi locations.

    The initiative includes free publications in hotels, cafes, hospitals, and more, under ALC's Kalima Reading Club.

  • Over 12m people visit Riyadh Season in 60 days

    RIYADH, SAUDI ARABIA - Two months after their launch, on October 11, 2023, Riyadh Season events had already attracted 12...

    Riyadh Season attracts large number of visitors with different kinds of activities and experiences.

    It is one of the major Saudi events that establishes new concepts in the world of entertainment.

  • Saudi football dominates Gulf sports scene this year

    The Kingdom's football undergoes a historic transformation in 2023 with major investments and player signings, and Saudi Arabia wins the...

    The Kingdom's football undergoes a historic transformation in 2023 with major investments and player signings, and Saudi Arabia wins the bid to host the 2034 FIFA World Cup.

    UAE-owned Manchester City wins the Champions League, while Qatar hosts major 2023 sports events, preparing for the 2024 Asian Football Cup, taking the Gulf sports to next level.

  • Libya’s theatre stages comeback after years of turmoil in divided nation

    Hassituha (You Felt It), a mostly silent play from eastern Libya, symbolizes both the country's divisions between west and east,...

    More than 60 playwrights and performers took part in the festival, alongside dozens of directors and authors.

    Taking to stages in the capital Tripoli and Misrata, about 190 kilometers (120 miles) to the east, performers came from 11 cities around Libya.

  • 10m people attend Riyadh Season 2023 events in first 50 days, says report

    RIYADH, SAUDI ARABIA - According to the Riyadh Season, 10 million people took part in the activities organized in the...

    Riyadh Season 2023 started in late October, and since then, it has witnessed a large visitor turnout at all entertainment areas.

    At the Season, visitors can enjoy concerts, exhibitions, festivals and other events in which celebrities and prominent brands participate.