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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.
  • Saudi Arabia wins seat on FIFA Council; Qatar gets a position too

    Saudi Arabia has won a seat on FIFA’s ruling Council before being set to be confirmed as host of the...

    Qatar federation head Sheikh Hamad Al Thani, whose country hosts the Asian Cup next January, was elected to a FIFA position for the first time

    Saudi soccer federation president Yasser Almisehal was among six Asian officials elected by AFC members to represent them on FIFA council through 2027

  • Joseph the Blind heals Turkey’s troubled city

    The shop has kept the nickname of its founder, whose descendants moved to Istanbul in 1950, ceding the shop to...

    The shop "Joseph the Blind" established in 1891 has kept the nickname of its founder, a Chaldean Catholic of the Syriac rite.

    The first store was destroyed in 1977, said the herbalist Suleyman Onur.

  • Revenue from Saudi cinema may exceed $1bn by 2030

    The revenue of Saudi cinemas increased by 9.47% to approximately US$240 million until December 25, 2022, compared to 2021's revenue...

    The revenue of Saudi cinemas increased by 9.47% to approximately US$240 million until December 25, 2022, compared to 2021's revenue of US$232 million, a latest report points out

    Although the Saudi film industry is still in its infancy, the goal is to increase the number of local films shown in theaters to 70 per year by 2030

  • Justin Bieber sells music rights for $200 mn

    Contemporary stars including Justin Timberlake and Shakira have sold large stakes in their work - both also struck deals with...

    Hipgnosis did not publicly disclose terms of the deal, but a source close to the matter told AFP it was worth around $200 million

    The company said they acquired Bieber's interest in his publishing copyrights to his 290-song back catalog - all of his music released prior to December 31, 2021

  • Egypt archaeologists uncover 1800-year-old ‘complete’ Roman city

    Cairo, Egypt---Egyptian archaeologists said Tuesday they had discovered an 1,800-year-old "complete residential city from the Roman-era" in the heart of...

    The city, dating to the second and third centuries, is the "oldest and most important city found on the eastern bank of Luxor," said an official.

    Inside the workshops, researchers found a collection of pots, tools and "bronze and copper Roman coins."

  • Camel beauty contest season gets underway in Abu Dhabi

    Al Dhafra, UAE--The 16th Al Dhafra Festival has kicked off as part of the Emirate of Abu Dhabi’s camel beauty...

    The festival aims to preserve and develop heritage activities, and enable camel owners to continue the tradition of breeding and caring for camels

    The event will continue until February 2 at Madinat Zayed in Al Dhafra

  • Buzz Aldrin, second man on the Moon, marries on 93rd birthday

    LOS ANGELES, US - Legendary Apollo 11 astronaut Buzz Aldrin, the second person to set foot on the Moon, said he...

    Aldrin and Anca Faur, executive vice president of Buzz Aldrin Ventures, were wed in a private ceremony.

    The US astronaut is the last surviving member of the Apollo 11 mission, during which he and Neil Armstrong become the first people to set foot on the Moon, on July 20, 1969.

  • 16th Al Dhafra Festival to launch Sunday

    AL DHAFRA,  UAE - The competitions and concluding activities of the 16th Al Dhafra Festival will begin Sunday as part...

    The festival also enables camel owners to continue the tradition of breeding and caring for camels.

    The festival will also highlight the role of the camel in the Emirati and GCC’s culture.

  • Saudi herders use ‘special language’ to train camel

    The mode of communication, known as Alheda'a, was inscribed last month on UNESCO's list of intangible cultural heritage.

    A skilled camel herder can use his voice alone to soothe an animal, make it kneel and even signal a change in direction as they trudge together through desert sands, said UNESCO.

    Alheda'a can be deployed for a range of tasks: bringing together a scattered herd threatened by a coming sandstorm, for example, or soothing camels as they drink water.

  • Jeddah to showcase Uzbekistan’s ‘cultural heritage’ at Biennale

    Jeddah, Saudi Arabia--Jeddah will host the first Islamic arts event from 23rd January to 23rd April 23, 2023, which will...

    It will be organized by the Diriyah Biennale Foundation in cooperation with the Ministry of Culture of Saudi Arabia

    The Jeddah exhibition will feature 17 exhibits reflecting Uzbekistan’s cultural heritage

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