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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.
  • WEF24: Virunga battles deforestation, habitat loss

    Climate finance plays a critical role in protecting Virunga National Park through innovative solutions like hydroelectric energy, director Emmanuel de...

    Climate finance plays a critical role in protecting Virunga National Park through innovative solutions like hydroelectric energy, director Emmanuel de Merode tells TRENDS.

    Addressing investment risks and finding sustainable funding methods for forest protection become significant challenge amid ongoing regional conflicts, de Merode adds.

  • Saudi Arabia’s Madinah, KAEC, Al-Ahsa join UNESCO global network of learning cities

    RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization has announced that the cities of Madinah, King...

    Saudi Arabia now boasts five cities enlisted in the UNESCO GNLC, contributing to the goal of equipping globally competitive citizens.

    Previously, Yanbu Industrial City was designated as a UNESCO Learning City in 2022 and Jubail Industrial City earned the Learning City status in 2020.

  • Riyadh to host Saudi’s first snooker event in 2024

    London, UK - Saudi Arabia will stage its first ranking snooker event in 2024, with a prize pool of more than...

    The inaugural Saudi Arabia Snooker Masters will trail only the World Championship in terms of prize money

    A 10-year deal has been agreed for the event, which will take place from August 31 to September 7 in Riyadh

  • Air Arabia 2023 net profit $408m

    The firm recorded a 27 percent rise in profit compared to 2022.

    The company in its financial results said that the airline's turnover for 2023 reached US$1.6 billion

    Air Arabia’s Board of Directors proposed a dividend distribution of 20 percent of share capital,

  • Archaeological sites discovered in Southern Saudi Arabia

    ABHA, SAUDI ARABIA  - The Heritage Commission announced its most prominent discovery in Jurash, Asir region, as one of the...

    These were the result of strenuous excavations that took place in 2023.

    Residential units whose walls were built with stones and clay were revealed.

  • US teens make efforts for Jewish-Muslim dialogue in New Jersey suburb

    TEANECK, US - They are only teenagers, but a pair of New Jersey high school students -- one Jewish and one...

    The unexpected success of that first meeting led to a second, larger one, and the girls since have enjoyed support.

    Despite the strong turnout, the girls were not overly optimistic about the outcome of the meeting.

  • Law, politics hamper UK museum return of artifacts

    LONDON, UK - British museums, like others across Europe, are under pressure to return artworks taken during the colonial era, including...

    Politicians have little appetite to change the legal framework that is currently blocking full restitutions by national museums, campaigners say.

    British laws dating from the 1960s and 1980s prevent national museums, such as the British Museum and the V&A, from making returning artifacts.

  • AI game gains popularity during Chinese New Year festivities

    SHANGHAI, CHINA - Young Chinese flocking home for Lunar New Year this weekend have turned to an AI chatbot game to...

    The new game uses an AI chatbot to simulate the barrage of squirm-inducing questions young people can expect to face.

    The annual inquisition as extended families gather for China's biggest festival is a cultural touchstone across the country.

  • Healthcare experts must keep up with tech innovations

    She emphasizes the significant impact of technology on the healthcare sector and highlighted the 'Let's Talk Innovation' Symposium's focus on...

    Dr. Kalthoom AlBlooshi of EHS emphasizes the need for professionals to stay abreast of technological advancements in healthcare.

    The 'Let's Talk Innovation' Symposium aims to engage the youth in shaping the future of the UAE healthcare sector, adds AlBlooshi.

  • Qatar eyes second successive Asian Cup in final against Jordan

    Doha, Qatar - An Asian Cup full of late goals and surprises reaches a climax on Saturday when hosts and holders...

    With much of the crowd behind them and as reigning champions, Qatar will be expected to beat a Jordan side ranked 29 places below them by FIFA

    In striker Akram Afif, Qatar have one of the players of the tournament and he scored a glorious goal against Iran to take his tally to five in six games