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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.
  • Al Dhafra Festival kicks off in Abu Dhabi

    The festival is organized by the Cultural Program and Heritage Festivals Committee, and will run till January 22.

    The festival features 313 camel runs and this new edition of the event includes the launch of the Bairaq Al Emarat Award for Asayel and Majahim camel breeds

    Coinciding with the UAE’ Golden Jubilee Celebrations, the Festival's activities now run from 28th October, 2021, to 22nd January, 2022

  • Saudi sex harasser named and shamed under the new law

    A Saudi has been named in a newspaper after his conviction for sexual harassment, in an apparent first under new...

    A court ordered the public identification of Yasser Muslim Al-Arawi after he was sentenced to eight months in prison and fined 5,000 riyals ($1,300).

    Saudi Arabia only started penalizing sexual harassment in 2018, as the kingdom embarked on wide-ranging social reforms including allowing women to drive.

  • Longest Persian novel Kelidar translated into Arabic, published in Cairo

    The longest Persian novel or the second-longest novel in the world “Kelidar” has been translated into Arabic and published in...

    Kelidar is story of a nomadic Kurdish family, who moved to a village in the outskirt of Sabzevar city in Khorasan Province, northwest Iran

    Dowlatabadi spent 15 years writing Kelidar in more than 950,000 words. Iran’s Farhang Moaser Publishers published Kelidar in 10 volumes between 1978 and 1984.

  • Saudi ‘hotel’ grooms camels for beauty contest

    For just over $100 a night, the camels are trimmed, scrubbed and pampered before taking part in beauty contests, where...

    For just over $100 a night, the camels are trimmed, scrubbed and pampered before taking part in beauty contests, where millions of dollars are at stake

    The camels, many of which are rented, are checked closely for Botox and other illegal enhancements which could see them thrown out for cheating

  • Kuwait’s council for arts and ISESCO to boost cooperation

    Kuwait's National Council for Culture, Arts and Literature (NCCAL) and Islamic World Educational, Scientific and Cultural Organization (ISESCO) discussed on...

    The Secretary-General of NCCAL Kamel Al Abdul Jaleel met with visiting chief of ISSCO Salem Al Malik in Kuwait.

    More than 366 heritage and archaeological sites have been listed in the Islamic world, hoping to add 1000 more sites by 2025.

  • ‘Power of the Dog,’ ‘West Side Story’ win at untelevised Golden Globes

    Will Smith and Nicole Kidman won the prizes for best actor and actress in film dramas for their turns in...

    Will Smith and Nicole Kidman won the prizes for best actor and actress in film dramas for their turns in "King Richard" and "Being the Ricardos."

    But none of the stars were present as usual at the Beverly Hilton, with the ceremony held behind closed doors

  • 23 acts from Sydney Festival withdrawn over Israeli funding

    A letter titled with 'Do Better on Palestine' called out the Sydney festival organizers to undo its partnership with the...

    At least 23 performers confirmed to have withdrawn from Sydney Festival over Israeli sponsorship of the event

    Israel embassy in Australia made a $20,000 donation to support an Israeli choreographer

  • Samba performance by scantily-clad dancers causes stir in Saudi Arabia

    Authorities in Saudi Arabia were investigating on Sunday after a samba performance by dancers some considered too scantily clad for...

    Over the past week videos on social media have shown three foreign samba dancers displaying their moves in a main street of Jazan, in the southwest.

    Jazan's governor, Prince Mohammed bin Nasser, early Saturday ordered an inquiry and "necessary measures to prevent all abuse."

  • Women’s camel beauty contest makes debut in Saudi

    The event, part of the prestigious King Abdelaziz Festival, was previously a men-only affair. The top five in the women's...

    The camels' beauty is judged on several criteria, but the shape and size of the lips, neck and hump are the main attributes.

    The 40-day festival, which kicked off last month, is an annual Bedouin event that lures breeders from across the Gulf with total prize money of up to $66 million.

  • Saudi Arabia unveils largest Motor festival in Middle East

    The management of Autoville has officially started selling tickets for the events of this International festival through its official website.

    The Autoville festival will cover an area of 1.7 million square meters as the audience will watch the stars of art and display cars from all over the world

    The festival will also showcase the latest developments in mobility, and a number of concerts by a group of Arab and international artists

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