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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 sales hit all-time high in 2021, continue rapid growth in Asia

    Art auctions saw a record year in 2021 with $17.1 billion (15.6 billion euros) in sales as the market continued...

    There was also the landmark moment when digital artist Beeple sold a NFT for $69 million, the third-highest figure ever paid for a living artist.

    Contemporary art -- counted as anything created after 1945 -- accounts for a growing share of sales, with 20 percent of the market, up from 3 percent in 2000.

  • Irthi Contemporary Crafts Council focuses on palm fiber at Art Dubai

    The 15th edition of Art Dubai which displayed findings of its advanced palm fiber research and palm textile prototype, paving...

    Irthi Contemporary Crafts Council, an affiliate of the UAE-based NAMA Women Advancement, explored UAE’s relationship with date palm.

    It discussed how such local, environment-friendly materials could pave the way for the creation of a circular economy centered on palm waste.

  • Amid NFT boom, artists worry about climate costs

    Most NFTs are currently traded on Ethereum, which reportedly uses as much electricity as all of the Netherlands, with a...

    K-pop fans in South Korea last year staged a brutal campaign against plans for popular groups include BTS and A.C.E. to sell crypto-art.

    Selling art as non-fungible tokens, or NFTs, uses the same technology as crypto-currencies like Bitcoin. The buyer receives a verified digital token as a mark of genuineness.

  • Dubai Fitness Challenge keeps residents hooked to daily workout

    Dubai Fitness Challenge, a program launched in 2017 to improve the well-being of the residents, has seen 88 percent of...

    The program has seen the number of participants more than double from 786,000 in its inaugural year to 1,650,000 people in 2021.

    The participants’ overall satisfaction was extremely high for the 5th edition with 93 percent extremely happy with their experience.

  • Druze pop star seeks to bridge Palestinian, Israeli divide

    Nicknamed “the Druze prodigy” after winning a TV competition aged 12, Sharif — now in his 40s — rose to...

    Nicknamed “the Druze prodigy” after winning a TV competition aged 12, Sharif — now in his 40s — rose to fame with his Mizrahi (Eastern) pop songs in the 1990s in Israel

    The Druze, an Arabic-speaking minority offshoot of Shiite Islam, number around 140,000 in Israel and the occupied Golan Heights

  • Struggling Libyan potters showcase wares online

    The Libyan city of Gharyan sculpted a reputation for ceramics generations ago, but fragile demand is forcing potters to seek...

    Potters in Gharyan looks to compete with products made in China, Turkey and Libya's neighbors

    Gharyan's once-prosperous potteries struggles to keep pace with modernization

  • World clamors will air hit TV series starring Zelensky

    The famous TV series shows Zelensky as a high school teacher propelled to the presidency after a student's video of...

    Broadcasters around the world have been seeking to show Zelensky's TV show 'Servant of the People' in act of solidarity with Ukrainians

    The TV series was first aired in 2015, and its success propelled Volodymyr Zelensky to the presidency in real life

  • Iraq’s National Museum reopens after three-year closure

    Iraq's National Museum reopened Monday to visitors after a three-year closure due to the Covid-19 pandemic and political unrest.

    Treasures dating back 2,500 years to the neo-Assyrian empire alongside 9th century Islamic antiquities went back on display, including two winged bulls from the Nimrud site

    The Iraq Museum was closed three years ago "because of the demonstrations and for security reasons", said Laith Majid Hussein, the head of Iraq's antiquities authority

  • Heritage of Iraq’s last few Jews at risk

    In Ottoman-ruled Baghdad, Jews made up 40 percent of city inhabitants. By the time of Israel's creation in 1948 they...

    Jewish roots in Iraq go back about 2,600 years, on the land where the patriarch Abraham was born and where they wrote the Babylonian Talmud.

    A report published in 2020 listed Jewish heritage sites in Iraq and Syria, some dating back to the first millennium BC.

  • 64-feet Saudi stamp sets Guinness World Record

    The Disney stamp, which commemorated Donald Duck’s 85th anniversary, measured a little over 44 square feet.

    The design includes a winter wonderland scene, the Riyadh Season logo, a hot air balloon, a fountain, a racing car and fireworks.

    The special stamp celebrates Riyadh Season, which was introduced in 2019 and has become one of the biggest events in the kingdom.

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