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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.
  • 4,500-year-old stone statuette found in Gaza

    Carved out of limestone and 22 centimeters long, the 2500 BC statuette was found by a farmer working his land...

    The find was the latest in Gaza, where tourism at archaeological sites is limited due to an Israeli blockade imposed since the militant group Hamas took over the enclave in 2007.

    In February, workers at a construction site in northern Gaza discovered 31 Roman-era tombs dating to the first century AD.

  • Asian Games in China faces possibility of postponement: Official

    The 2022 Asian Games in China is facing the possibility of being postponed, an official told AFP on Thursday, after...

    The Olympic-sized event is scheduled to be held in September in Hangzhou near Shanghai, which is grappling with a major coronavirus emergency.

    Most international sports events have been on hold in China since the Covid-19 pandemic, although Beijing hosted the Winter Olympics in a strict bio-bubble in February.

  • David Cronenberg puts kidney stone pic on sale

    The director has put up a picture of his newly removed kidney stones for sale for $30,000 as an NFT.

    The Canadian has put up a picture of his newly removed kidney stones -- which he calls "Inner Beauty" -- up for sale for $30,000 as an NFT.

    The auction comes as Cronenberg prepares to premiere his new movie, "Crimes of the Future", at the Cannes film festival next month.

  • Bahraini artisans toil to preserve sugar-coated tradition

    As Bahrainis celebrate Ramadan along with the rest of the Muslim world, the holy month is a period of appreciation...

    As Bahrainis celebrate Ramadan along with the rest of the Muslim world, the holy month is a period of appreciation for traditional sweets

    A thick mixture of sugar, saffron and freshly blanched almonds is transformed into a uniquely Bahraini version of the ubiquitous Middle Eastern dessert: halva

  • UAE approves weeklong Eid al-Fitr holiday

    The UAE Cabinet announced that the period from Ramadan 29 through 3rd Shawwal 1443 will be a paid Eid holiday...

    The UAE Cabinet announced that the period from Ramadan 29 through 3rd Shawwal 1443 will be a paid Eid holiday for all private sector workers

    The holy month of Ramadan began on April 2 for most Muslim countries, following observations from the International Astronomical Center

  • UAE government holiday for Eid al-Fitr begins on 29th day of Ramadan

    The holiday will last till the third day of the month of Shawwal, which is yet to be declared.

    The holidays will begin on Tuesday, the 29th day of Ramadan

    That date corresponds to April 30 on the Gregorian calendar

  • Saudi Fashion Commission, Chalhoub Group to explore opportunities

    The agreement is said to align with the objectives of the Fashion Commission to enhance collaboration and empower the sector...

    The MoU sets out a framework for the creation of leadership roles furthering nationalization in the fashion retail sector

    It is also to secure commercial spaces for the display of work by Saudi designers, and provide training courses in the field

  • Netflix reports subscriber drop

    It ended Q1 2022 with fewer subscribers than Q4 2021.

    Factors hampering Netflix’s growth include subscribers sharing accounts with people not living in their homes

    Another factor crimping Netflix’s growth is the intense competition from titans such as Apple and Disney

  • Iran fights to recover antiquities stolen in wars

    Decorated glazed bricks almost 3,000 years old are on display at Iran's National Museum after a four-decade search disrupted by...

    It is the latest example of Middle Eastern and African countries recovering stolen antiquities which have ended up in Western countries

    "We are in talks with the United States as well as with Australia to return objects," Nokandeh, curator of Iran's National Museum, said

  • DEWA launches Ramadan campaign for sustainability

    The campaign reportedly supports the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050.

    During the campaign, DEWA is organizing virtual and physical awareness lectures to encourage the community to do a number of things

    It is also organizing several virtual events, competitions, and internal lectures in Arabic and English, about the values of Ramadan

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