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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.
  • Irish author Paul Lynch wins 2023 Booker Prize for fiction

    London, United Kingdom - Irish author Paul Lynch won the 2023 Booker Prize for fiction on Sunday for his novel "Prophet...

    Lynch pipped five other shortlisted novelists to the prestigious award for his dystopian work about an Ireland that descends into tyranny

    The prize is one of the world's top literary awards and has propelled to fame countless household names, including Salman Rushdie, Margaret Atwood and Hilary Mantel

  • Head breaks India hearts as Australia win sixth World Cup title

    Ahmedabad, India -- Opener Travis Head hit a sparkling 137 to power Australia to a record-extending sixth World Cup title with...

    Chasing a tricky 241 for victory in the final, Australia slipped to 47-3 before the left-handed Head hit his second century of the tournament to steer the team home.

    Head's knock and his marathon stand of 192 with Marnus Labuschagne, unbeaten on 58, ended India's dominant run of 10 unbeaten matches at the event.

  • $120m Picasso: Auction houses eye monster sales

    Sotheby's and Christie's will be moving a host of big-ticket lots, though they may still have a hard time topping...

    Fifty years after his death, Pablo Picasso is expected to be one of the blockbusters this season with the sale of a major work: "Femme a la montre", or "Woman with a Watch"

    At Sotheby's, Monet's "Peupliers au bord de l'Epte, temps couvert" (1891), a depiction of poplars along the river Epte, is expected to fetch $30-$40 million on Monday

  • 200,000-year-old hand axe found in Saudi Arabia’s AlUla region

    AlUla, Saudi Arabia -- The Royal Commission for AlUla (RCU) has announced that the archeological excavation teams at the Qurh...

    It is a strong tool, made of soft basalt stone 51.3 cm long, that could have been used for cutting or chopping. Studies are still conducted to identify the purpose of its use.

    The ancient tool was discovered by a team of archeologists from the heritage consultancy TEOS Heritage, which is exploring the area around Qurh, south of AlUla.

  • Educational institutions are shaping UAE’s tomorrow

    "Dubai's schools attract students of various nationalities seeking holistic education. These schools emphasize well-rounded education, with a sports culture enhancing...

    DSC Chairman Sheikh Mansoor emphasizes the role of sports in education for shaping the UAE's future.

    The vitality and joy imbued in young minds through sports hone innate talents and intellects, he adds.

  • Esports scores big for Saudi economy, culture & jobs

    The Kingdom, with its passion for sports and tech, is set to reshape the competitive gaming landscape by hosting the...

    The Kingdom, with its passion for sports and tech, is set to reshape the competitive gaming landscape by hosting the world's premier Electronic Sports World Cup from 2024.

    By 2030, Esports is set to add US$13.3bn to Saudi GDP, with 67% of Saudis into electronic gaming, potentially creating 39,000 jobs, and producing 30 world-class games.

  • 2,700-year-old sculpture unearthed in Iraq

    Erected at the entrance to the ancient city of Khorsabad, the sculpture shows the Lamassu, an Assyrian deity with a...

    It was commissioned during the reign of King Sargon II who ruled from 722 to 705 BC and erected at the city's gates to provide protection.

    "I never unearthed anything this big in my life before," said the dig's French leader Pascal Butterlin.

  • Phallus and the boar: Turkey digs yield clues to human history

    For researchers, the carved statue of a man holding his phallus with two hands while seated atop a bench adorned...

    Necmi Karul, who heads the prehistory department at Istanbul University, found the toppled statue of Karahantepe man that was broken into three sections

    At Gobekli Tepe, archaeologists found a 1.2 mete long by 70-centimeter-tall depiction of a boar, with red eyes and teeth as well as a black-and-white body

  • Tourism prowess makes Riyadh top World Expo choice

    In its bid to boost tourism, the Saudi capital blends historical charm with modernity, spotlighting its rich heritage, architecture, cuisine,...

    The capital of Saudi Arabia is currently undergoing a transformative journey in tourism, seamlessly blending its historical allure with modern sophistication

    As Riyadh vies to host 2030 World Expo, it's set to showcase its rich history, architectural marvels, diverse culinary offerings, and advanced mobility solutions

  • Turkish excavations offer vital clues of human history

    Gobekli Tepe - which experts believe was never actually inhabited - may be part of a vast sacred landscape that...

    A 2.3-meter carved statue was discovered in September at Karahantepe, in the heart of a complex of some 20 sites.

    Karahantepe is part of the network around UNESCO-listed Gobekli Tepe, a place older than the Egyptian pyramids.