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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.
  • Efforts to save Algiers’ historic Casbah speed up

    A UNESCO-listed rabbit warren of 16th-century battlements and Ottoman palaces, the Casbah has been the site of key moments in...

    Some buildings weakened by earthquakes, floods or fires are still propped up with scaffolding, but a plan launched in 2012 is seeking to rehabilitate the area.

    The Ketchaoua mosque, closed since 2008 after being seriously damaged by a powerful earthquake five years earlier, has also been restored.

  • Reforms crucial to revive pandemic-hit culture sector

    The sector also saw a decline of 25 percent of its Gross Value Added in 2020. However, while most of...

    The culture was one of the most seriously impacted sectors globally due to COVID-19 pandemic, with more than 10 million jobs lost in 2020 alone

    Revenues from the digital creative economy totalled US$2.7 billion globally in 2020, over a quarter of the sector’s overall revenue, says a report

  • After war, Syrians in Jordan find joy and jobs in dance

    Jordan hosts almost 650,000 Syrians registered with the United Nations, but Amman estimates close to 1.3 million Syrians have arrived...

    Jordan hosts almost 650,000 Syrians registered with the United Nations, but Amman estimates close to 1.3 million Syrians have arrived since 2011

    The UN has said that close to 80 percent of Syrians in Jordan live below the national poverty line, surviving on three dollars per day or less

  • ISESCO lists 22 Libyan sites as Islamic world heritage

    The Islamic World Educational, Scientific and Cultural Organization (ISESCO) has listed 22 Libyan archaeological sites on the list of heritage...

    The archaeological sites registered and published by the ministry included Murzuq Castle, Qasr al-Hajj and nine mosques in Tripoli.

    At its 10th session, the Heritage Committee of the ISESCO announced the registration of 49 historical sites and cultural elements on the final list.

  • Women upbeat over guardian-free Hajj

    This year's Hajj, the first large-scale edition since the guardian requirement was dropped in 2021, has taken on a different...

    Many of them have abandoned the black robes traditionally preferred by hajj organisers, adding a dash of colour with reds, greens, oranges and blues dotted around the crowds.

    The decision to drop the "mehrem" is part of the social reforms rolled out by Crown Prince Mohammed bin Salman, who is trying to shake off the kingdom's austere image.

  • Jeddah Season 2022 concludes, 6m visitors attend events

    Jeddah Season 2022 lasted for 60 days and was full of exciting shows, programs, activities that took place in 13...

    Jeddah Season this year lasted for 60 days and it was full of exciting shows

    The shows, programs and activities took place across 13 locations in Jeddah

  • High up in Turkish valleys, Afghan shepherds dream of home

    President Recep Tayyip Erdogan estimates that 300,000 Afghans now live in Turkey, which also hosts 3.7 million people from war-ravaged...

    President Erdogan estimates that 300,000 Afghans now live in Turkey, which also hosts 3.7 million people from Syria

    Tunceli native Mustafa Acun says the locals have grown used to Afghans taking care of their herds

  • In the ‘borshch war’, Kyiv defeats Moscow

    UNESCO inscribes the culture of cooking borshch soup in Ukraine on its list of endangered cultural heritage amid Moscow's opposition.

    Ukraine considers borshch, a thick nourishing soup usually made with beetroot, a national dish.

    UNESCO noted that the war had "threatened the viability" of the soup culture in Ukraine.

  • Gentrified Cairo has no room for homes on Nile

    Dozens of vibrantly colored floating homes have for decades dotted the banks of the River Nile, rare havens of leafy...

    Residents of the 30 or so houseboats  that remain moored on the banks of the Nile last week received eviction orders

    Barely a week after the eviction order, some boats have already been towed off and impounded in a state marina, despite petitions and campaigning

  • Young Arab artists dream of freedom in unique talent show

    The show was performed under the stars at a seaside theatre in the resort of Hammamet and broadcast across the...

    The show was performed under the stars at a seaside theatre in the resort of Hammamet and broadcast across the region

    The show, the fourth of its kind, also served as a showcase for up-and-coming talent, such as Ahmed al-Qrinawi from Gaza

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