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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.
  • Art lovers flock to Iran museum displaying Western artists’ works

    The Tehran Museum of Contemporary Art was inaugurated in 1977 during the reign of Shah Mohammad Reza Pahlavi, who was...

    The museum's collection is reputed to be the greatest line-up of modern masterpieces outside Europe and the United States

    The current show, which runs until mid-September, includes a collage by Italian artist Michelangelo Pistoletto titled "Green Curtains"

  • Ancient vessels smashed in Beirut blast to go on display in UK

    The vessels, from the Roman, Byzantine and Islamic periods, were reconstructed at the world-famous museum's conservation laboratories, and will be...

    The case fell over when the shockwave of the port blast, which occurred three kilometers away, hit the building, smashing the glass objects inside

    The collaborative project between the British Museum and the AUB's Archaeological Museum began in 2021, following an offer of help from the London institution

  • Most Arab clubs play hard to score financial surplus

    Only five football clubs in the region — Al-Fateh, Al-Hilal and Al-Faisali of Saudi Arabia, as well as Morocco's Al-Wydad...

    Only five football clubs in the region — Al-Fateh, Al-Hilal, and Al-Faisali of Saudi Arabia, as well as Morocco's Al-Wydad and Nahdet Berkane —have reported budgetary excess

    Almost all other remaining Arab clubs -- including Al-Nasr, Al-Ittihad and Al-Ahly -- have posted deficits, according to the latest report 'The Financial East of Arab Clubs'

  • Funding crunch cripples Lebanon film industry

    Before the Covid-19 pandemic and the country's worst-ever economic crisis, 20 to 30 films were produced in Lebanon. Today, it...

    Film producer Myriam Sassine told Kuwaiti News Agency (KUNA) that in 2000 only a couple of feature-length films were produced annually in the country.

    With EU’s help, a one-time $76,000 fund has been set up to support production of films in the country. Its efforts are likely to bear fruit in November.

  • Dubai Opera all set to celebrate its sixth anniversary

    Dubai Opera, a destination for performing arts in Dubai, will celebrate its sixth anniversary on 31st August 2022.

    Resembling a traditional sailing vessel--Dhow--Dubai Opera has so far welcomed one million visitors since it was opened on 31st August 2016.

    Emaar Properties developed the 2000 seat arts center to host multiple performances and events including theatre, opera, ballet, and concerts,

  • Salt of the earth: Israeli artist’s Dead Sea sculptures

    Landau works by suspending the objects in the salt lake from frames and later, she carefully liberates the brittle artefacts...

    Landau works by suspending the objects in the salt lake from frames and later, she carefully liberates the brittle artefacts with the help of several assistants

    Dozens of Landau's Dead Sea sculptures, as well as old and new video art installations, will be on display at the Israel Museum in October

  • Qatar World Cup to start a day early to allow host play opening game

    The opening match is scheduled to be held at the 60,000-capacity Al Bayt stadium, one of seven new venues purpose-built...

    Qatar will now play Ecuador on November 20, 24 hours earlier than planned, in a move that FIFA's ruling council was expected to confirm soon.

    Companies with major deals linked to the World Cup expressed confidence that the unusual schedule change could be handled smoothly.

  • Sharjah festival to screen films from 43 countries

    Films for children and youth from France, the United Kingdom and Saudi Arabia have topped the official selection list of...

    A total of 100 movies have been chosen for screening this year, with 29 animation feature films, compared to 17 from last year.

    With 12 films each, the UK leads in the child and youth-made category, while films from Saudi Arabia make up the bulk of the short films from the GCC.

  • Saudi exhibit enlivens the Prophet’s Hijrah

    Three years in the making, the exhibition features work by academics and artists from 20 countries. It incorporates centuries-old artifacts...

    Opened to the public this week, it will be housed for nine months at the Ithra Museum in the eastern city of Dhahran before touring domestically and then abroad.

    Short films by American director Ovidio Salazar depict how elders from the Quraysh tribe plotted to kill the Prophet Mohammed, prompting him to flee,

  • Tunisia library races to preserve rich polyglot press archive

    The library's collection includes some 16,000 titles printed in Tunisia -- numbering hundreds of thousands of editions of newspapers and...

    The library's collection includes some 16,000 titles printed in Tunisia -- numbering hundreds of thousands of editions of newspapers and periodicals

    Most of the newspapers are in Arabic, with the oldest from the mid-19th century when Tunisia was an Ottoman province

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