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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.

India and Pakistan urged to have ‘maximum restraint’ after Kashmir attack

The United Nations urged India and Pakistan to show "maximum restraint" as the nuclear-armed rivals imposed tit-for-tat diplomatic measures over...
  • Indian Prime Minister Narendra Modi on Thursday vowed to hunt down the gunmen responsible for killing 26 civilians at the popular tourist site of Pahalgam
  • Denying any involvement, Islamabad called attempts to link Pakistan to the Pahalgam attack "frivolous" and vowed to respond to any Indian action

Israel military issues evacuation order two north Gaza areas

"To all of the civilians of the Gaza Strip staying in the areas of Beit Hanoun and Sheikh Zayed. This...
  • Israel resumed its intense aerial and ground assault across Gaza from March 18, ending a two-month ceasefire with Hamas that had largely halted fighting in the territory.
  • Meanwhile, initial probe released by Israeli army said Israeli tank fire killed a UN worker in Gaza last month, after initially denying operating in the area.

European carmakers on China charm offensive as sales droop

Shanghai, China -- Once blithely dominant in China, European automakers are now launching full-fledged charm offensives at consumers in the...
  • At this week's Auto Shanghai, the largest global industry show of its kind, foreign firms pitched dozens of electric, high-tech models made "in China for China".
  • Volkswagen, the largest foreign automaker operating in the country, announced that by 2027 it would release more than 20 new cars for the local market.

Lebanon parliament approves changes to banking secrecy law

Beirut, Lebanon -- Lebanon's parliament on Thursday approved amendments to banking secrecy legislation, a key reform demanded by the International...
  • The international community has long demanded major fiscal reforms to unlock billions of dollars in aid to restart the Lebanese economy in the wake of a five-year economic collapse
  • The crash since 2019 has seen the local currency lose most of its value against the US dollar and has pushed much of the population into poverty.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.
  • One of the top 10 automakers by unit sales, Nissan is heavily in debt, having trouble selling vehicles in the Chinese market.
  • In February, the company had projected a much smaller annual net loss of 80 billion yen ($560 million).

Trump eyes ‘fair deal’ with China, but path to ending tariff war remains unclear

Trade tensions between the world's two biggest economies have soared as Trump ramped up levies on imports from China this...
  • But how soon the tariffs can be lowered "depends on them," Trump said, referring to Beijing, even as he maintained that he gets along "very well" with Chinese President Xi Jinping
  • But earlier Wednesday, US Treasury Secretary Scott Bessent told reporters that the two countries are "not yet" talking when it comes to lowering tariffs

Cannes film festival says to ‘honour’ slain Gaza photojournalist

Paris, France - The Cannes film festival said Wednesday that the screening of a documentary about Gaza photojournalist Fatima Hassouna...
  • The film features conversations between Farsi and Hassouna, 25, as she documents the impact of Israel's devastating war on the Palestinian territory
  • Hassouna was killed along with 10 relatives in an air strike on her family home in northern Gaza last Wednesday, the day after the documentary was announced

India and Pakistan rivalry boils after Kashmir attack

India took a raft of punitive diplomatic measures against arch-rival Pakistan on Wednesday, accusing Islamabad of supporting "cross-border terrorism" after...
  • India's measures, including the suspension of a key water-sharing treating and closure of the main land border crossing
  • The killings have shocked New Delhi, as they marked a dramatic shift targeting civilians and the area's vital tourism industry

Boeing says China not accepting planes over US tariffs

New York, United States -- Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China...
  • President Trump's trade conflicts with China and other countries loom as a question mark for Boeing, a major US exporter, despite Wednesday's solid results.
  • Boeing had planned to send around 50 aircraft to China in 2025, said Ortberg, who told the network that the company wouldn't "wait too long" to send the jets to other customers.

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.
  • Net profit after tax for Q1 2025 was AED 1.7 billion, reflecting an 18 percent increase compared to Q1 2024.
  • Revenue for Q1 2025 improved by 14 percent to AED 2.9 billion compared to AED 2.5 billion for Q1 2024.

UN warns of manmade starvation in Gaza as food aid remains blocked by Israeli authorities

The World Food Programme says it has run out of food in Gaza, warning that hot meal kitchens—Gaza’s last major...

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Israeli airstrike kills five Palestinians in West Bank

Palestinian medics said an air strike targeting a car in the occupied West Bank killed five people on Thursday, while...

Dubai roads, airport reel from floods after record rains

Power outages were reported around Dubai, which was dotted with flooded areas and submerged and abandoned cars. One road tunnel...

Heavy storms soak Gulf as Oman toll rises to 18

Flooding hit many areas of Dubai and Abu Dhabi, the UAE capital, and cut off major roads, snarling traffic and...

Number of journalists killed on job in 2023 declines despite Gaza: RSF

In the first 11 months of 2023, 45 journalists were killed carrying out their work, down from 61 last year,...

Rescue efforts begin as at least 132 die, hundreds injured in Nepal quake

The quake was felt as far away as India's capital New Delhi, nearly 500 km from the epicentre, 42 km...

European carmakers on China charm offensive as sales droop

Shanghai, China -- Once blithely dominant in China, European automakers are now launching full-fledged charm offensives at consumers in the...

Lebanon parliament approves changes to banking secrecy law

Beirut, Lebanon -- Lebanon's parliament on Thursday approved amendments to banking secrecy legislation, a key reform demanded by the International...

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Most Read

Cannes film festival says to ‘honour’ slain Gaza photojournalist

Paris, France - The Cannes film festival said Wednesday that the screening of a documentary about Gaza photojournalist Fatima Hassouna...
  • The film features conversations between Farsi and Hassouna, 25, as she documents the impact of Israel's devastating war on the Palestinian territory
  • Hassouna was killed along with 10 relatives in an air strike on her family home in northern Gaza last Wednesday, the day after the documentary was announced

India and Pakistan rivalry boils after Kashmir attack

India took a raft of punitive diplomatic measures against arch-rival Pakistan on Wednesday, accusing Islamabad of supporting "cross-border terrorism" after...
  • India's measures, including the suspension of a key water-sharing treating and closure of the main land border crossing
  • The killings have shocked New Delhi, as they marked a dramatic shift targeting civilians and the area's vital tourism industry

Boeing says China not accepting planes over US tariffs

New York, United States -- Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China...
  • President Trump's trade conflicts with China and other countries loom as a question mark for Boeing, a major US exporter, despite Wednesday's solid results.
  • Boeing had planned to send around 50 aircraft to China in 2025, said Ortberg, who told the network that the company wouldn't "wait too long" to send the jets to other customers.