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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.
  • ‘Necessary evil’: Some artists say can’t quit Spotify

    The opportunity for less well-known artists to reach a large audience and potentially get paid for streams of their music...

    The opportunity for less well-known artists to reach a large audience and potentially get paid for streams of their music means they feel obligated to stick with Spotify

    "For me, Spotify is kind of a necessary evil," said Leo Sidran, musician and host of the podcast "The Third Story."

  • Why do Arabs pitch for European football clubs?

    For several years, there has been a rush of investments from GCC countries into European sports. TRENDS explores the reasons...

    Saudi Arabia's Public Investment Fund recently bought Newcastle United for $418 million

    Abu Dhabi’s Sheikh Mansour had picked up Manchester City in 2008

  • Lebanon power cuts turn cafes into coworking spaces

    For the patrons filling Beirut's cafes these days, the most important things are good lighting and stable wi-fi.

    The power cuts have left many already with no option but to plant themselves in cafes all day

    The 23-hour power cuts and the falling quality of many internet connections have complicated matters

  • Music industry wakes up to mental health crisis

    Several studies have lately highlighted that music professionals suffer psychological distress far above average rates.

    Several studies have lately highlighted that music professionals suffer psychological distress far above average rates

    Stars like Stromae, Adele and Billie Eilish are credited with dismantling the taboos around discussing mental illness

  • ‘Arabic’ coffee renamed ‘Saudi’ coffee in the kingdom

    The renaming is seen as the assertion of a cultural element that expresses the Saudi identity and reflects the people's...

    The decision is part of the initiatives being taken under the "Year of Saudi Coffee" program.

    The Ministry of Culture has already named 2022 as the “Year of Saudi Coffee” under the support of the Quality of Life Program.

  • In food world, debate rages about recipe plagiarism

    There have been calls on some food blogs to end plagiarism, with explicit instructions on how to correctly credit the...

    There have been calls on some food blogs to end plagiarism, with explicit instructions on how to correctly credit the work of another chef

    When chefs do look to the US courts for relief, the chances of getting recognition of their copyright or a monetary settlement are seen as remote

  • Spend a night under stars in these trendy Dubai destinations

    Overnight camping is one of the popular activities people indulge in during winters in Dubai. The city has several unique...

    Glamping or glamorous camping at the Damani Lodges or Sedr Trailers are exquisite options for a mountain escape, with barbecues and starry skies.

    Expo 2020 Lake is a must-visit destination for those looking for a camping adventure in the middle of the desert.

  • Disney takes on OTT platforms with MENA expansion

    Netflix currently rules the roost in the Middle East. Therefore, the Disney+ expansion should be a clarion call for regional...

    The Disney launch covers almost all of the Middle East and good chunks North Africa

    In all, Disney+ is expanding to 42 countries and 11 territories in the EMEA region

  • Dubai embraces enigma of costliest black diamond

    The design of the bloack diamond Enigma is based on the Middle Eastern emblem of the palm — also known...

    The diamond will see a "without price limit" auction, meaning whoever offers the highest proposed price will win it

    Enigma can be dated between 2.6 billion and 3.8 billion years, and its components include nitrogen and hydrogen

  • Women attend Iran-Iraq match in Tehran stadium

    The last time Iranian women were allowed to attend a football match of their national team, after decades of being...

    FIFA ordered Iran in September 2019 to allow women access to stadiums without restriction and in numbers determined by ticket demand

    A month later, women were able to attend the 2022 World Cup qualifying match between Iran and Cambodia in the Azadi Stadium

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