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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.
  • Wild AI, a royal letter and big hugs – a week in Trumpworld

    Washington, United States  - President Donald Trump closed out a packed week at the White House after hosting a string...

    Last week, Trump branded elected Ukrainian leader Volodymyr Zelensky a "dictator" -- but things change fast in this administration

    "Did I say that? I can't believe I said that," Trump responded with a slight grin when asked if his opinion had evolved

  • Second edition of Saudi art biennale seeks to modernize Islamic tradition

    Jeddah, Saudi Arabia - Under a vast canopy of tents in the Saudi city of Jeddah, religious artefacts are on display...

    Arts Biennale features as its centrepiece segments of the "kiswa", the black cloth embroidered with gold and silver that covers the Kaaba

    Under his "Vision 2030", Saudi Crown Prince Mohammed bin Salman has sought to transform the kingdom's image

  • Art and culture retain power to humanize the Intelligent Age, says WEF’s Fowler

    Davos, Switzerland -- In an age where artificial intelligence is reshaping our lives, the World Economic Forum's Arts and Culture...

    I see talent emerging in the MENA region, UAE especially. Saudi Arabia is extremely exciting at the moment with the focus they're placing on culture, Fowler said.

    The UAE is extremely forward-thinking. They absolutely have a finger on the pulse when it comes to technology and how technology can be integrated into everyday life.

  • Maori-led AI initiative can revolutionize language preservation, says Peter-Lucas Jones

    Davos, Switzerland -- Peter-Lucas Jones, a Kaitaia native, who has been listed in the prestigious Time100 AI 2024 List, was...

    Peter-Lucas Jones, a Time100 AI 2024 List honoree, discussed AI's role in preserving the Te Reo Maori language at the World Economic Forum in Davos.

    His team at Te Hiku Media developed Te Reo Maori natural language processing tools and an automatic speech recognition model.

  • Palestinian pottery sees revival in war-ravaged Gaza

    Deir el-Balah, Palestinian Territories - Traditional clay pottery is seeing a resurgence in the Gaza Strip, where Palestinians are forced to...

    Traditional clay pottery sees a resurgence in Gaza as war-ravaged residents turn to old ways amid shortages of crockery and basic goods

    Potter Jafar Atallah works tirelessly to meet soaring demand, crafting 100 clay pieces daily in a makeshift workshop under Gaza's harsh conditions

  • A visitor gets a close up view of a painting at Amman's Darat al-Funun gallery during an exhibition by four displaced Palestinian artists from Gaza, entitled "Under Fire". (AFP)

    Portraits of pain: smuggled Palestinian art shows trauma of Gaza

    Smuggled art pieces from Gaza are on display in an exhibition in Amman showcasing pain, suffering and a strong resolve...

    The paintings document the brutality of war and massacres… carrying pain and sorrow and also a strong resolve and determination

    The exhibition in Jordan features 79 artworks crafted from improvised materials including medicine wrappers

  • ‘Amazing’ AI de-ages Tom Hanks in new film ‘Here’

    Los Angeles, United States - Tom Hanks has praised the "amazing" use of artificial intelligence to de-age him "in real time"...

    Hanks portrays his character from an idealistic teen, through various stages of youth and middle age, to a frail, elderly man

    But rather than just relying on makeup, filmmakers teamed up with AI studio Metaphysic on a tool called Metaphysic Live, to rejuvenate and "age up" the actors

  • Five charged over ketamine death of ‘Friends’ star Matthew Perry

    Los Angeles, United States - Five people who allegedly supplied ketamine to "Friends" star Matthew Perry in a bid to exploit...

    The actor died at his luxury Los Angeles home last year, sparking an outpouring of grief from fans around the world

    An autopsy found the cause of his death was "the acute effects of ketamine," a controlled drug the recovering addict was taking as part of supervised therapy

  • Shah Rukh Khan to be honoured at Locarno Film Festival

    Held on the shores of Lake Maggiore, in the Italian-speaking Ticino region of southern Switzerland, films are screened in Locarno's...

    Bollywood superstar Khan, 58, will on Saturday be given the Pardo alla Carriera award for people whose artistic contributions have redefined cinema

    Founded in 1946, Locarno is one of the world's longest-running annual film festivals and focuses on auteur cinema.

  • Saudi Arabia submits official bid to host FIFA World Cup 2034 after successful Qatar event in 2022

    The next steps include official visits by FIFA and a comprehensive evaluation of the bid.

    This bid highlights Saudi Arabia’s commitment to Vision 2030

    Saudi Arabia is currently the sole nation bidding for the 2034 World Cup