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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.
  • SBA signs pact with Rimini Meeting for cross-cultural exchange

    Prominent world personalities hosted at Rimini Meeting over the years include Pope Francis; Dr. Boutros Boutros-Ghali, former UN Secretary-General

    The Italy based Rimini Meeting is Europe’s leading cross-cultural entity that hosts the world’s most notable thought and enlightenment leaders

    The MoU stipulates the terms for launching mutual initiatives to promote human values, as well as investing in arts, literature and knowledge

  • Over 700,000 flock to Saudi Arabia’s top music festival

    Record crowds of over 700,000 revelers flocked to Saudi Arabia's MDLBeast Soundstorm music festival, authorities said Monday, at the end...

    The festival, which ended on a Sunday, comes as Saudi Arabia sees a spike in coronavirus cases amid increased fears over the spread of Omicron

    The festival has since its launch in 2019 witnessed large crowds, most of them young men and women, who can freely mingle and dance to western music.

  • UAE Declaration of Arabic Language launched by Sheikh Mohammed

    Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, on Tuesday launched the UAE Declaration of Arabic Language...

    The declaration aims to draw out a unified roadmap for various institutions in Arab countries.

    The declaration was introduced in the presence of the Arab Ministers of Culture to mark the World Arabic Language Day

  • Mosul museum restores pre-Islamic treasures ruined in Iraq war

    The Iraqi government is trying to restore ancient artifacts from the Mosul museum.

    Iraq's 2,500-year-old treasure in Mosul museum is being restored with the help of France's famous Louvre museum

    An online exhibition will be held to show the Ancient artefacts as soon as the restoration work is complete

  • Abu Dhabi to host Pokemon GO Tour live event in 2022

    Gamers on Yas Bay will be joined by those taking part in Monterrey, Mexico at Parque Fundidora and Kaohsiung, Taiwan...

    The event will be hosted by Niantic, the AR company behind Pokémon GO, in partnership with the Department of Culture and Tourism - Abu Dhabi

    The ticketed event will include real-world habitats, special in-game features, photo ops, a special game plan, exclusive merchandise and targets existing gamers

  • UAE ends cinema censorship, introduces 21+ age rating

    The UAE announced Sunday it will no longer censor cinematic releases, introducing a 21 and above age rating for films...

    The UAE has decided that it will no longer censor cinematic releases

    The country has introduced a 21 and above age rating for films it classifies for mature audiences

  • World Cup: Qatar’s bigger test after Arab Cup

    More than 600,000 tickets were sold for the 16-team Arab Cup, including a Qatari-record 63,439 crowd when the hosts played...

    Qatar's challenge is to host a World Cup in and around a single city, Doha, with limited hotel accommodation and a transport network.

    More than 1.2 million fans and 32 international teams will arrive for the World Cup one year from now.

  • Algeria beat Tunisia to win Arab Cup in Qatar

    Amir Sayoud scored a goal in the ninth minute of extra-time while Yacine Brahimi scored with the final kick of...

    Algeria made the breakthrough in extra time and were crowned Arab champions

    Both countries played without their European-based players in the finals of the Arab Cup

  • Saudi festivals celebrate cultural blooming

    As Saudi Arabia opens up on the culture front, tourism gets a leg-up in a boost for Vision 2030.

    Saudi Arabia is witnessing a huge tourist boom, reflecting the government's interest in the sector

    STA collaborates with the Saudi tourist sector to develop one million jobs and 100 million annual visits by 2030

  • Ben Sulayem first non-European president of International Automobile Federation

    Mohammed ben Sulayem became the first non-European to be elected president of the International Automobile Federation (FIA) on Friday and...

    The 60-year-old Emirati gained 61.62 percent of the votes cast compared to 36.62 percent for his sole rival Britain's Graham Stoker.

    Ben Sulayem, 14 times the Middle East rally champion, was supported by his region, which is becoming increasingly influential in motorsport.

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