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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.

HSBC MENA’s pre-tax profit at $700m in H1

HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT).
    • Economic recovery in the region helps the bank post a profit of $386m in the quarter ending June, compared to the loss of $70m in Q2 2020.

    • Bank says all regions have been profitable in the period under review.

    DUBAI: HSBC Middle East and North Africa (MENA) region has posted a pre-tax profit of $700 million for H1-2021 and its pre-tax profit for the quarter ending June 2021 was $386 million compared to the loss of $70 million in the same quarter last year.

    In a statement, HSBC, the biggest bank by assets, said it made a pre-tax profit of $5.6 billion worldwide compared with $2.59 billion in the same period last year. It added all regions in which the bank operates have been profitable in the period under review, attributing the performance to Britain and Hong Kong, its two biggest markets.

    The bank said there were emerging signs of growth in unsecured personal lending and commercial lending despite the impact of coronavirus pandemic, low interest rates and revenue headwinds.