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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.

ACWA Power seals $2.4 bn deal

The agreements signed with SPCC are valued at $3.9 billion.
  • ACWA Power purchased three wind power special purpose vehicles (SPVs) to establish a 1.50-gigawatt (GW) wind farm in Kungrad.
  • Upon implementation, the new wind farm is expected to offset 2.40 million tons of carbon emissions annually and power 1.65 million households.

Dubai, UAE–ACWA Power Company has signed a power purchase agreement (PPA) with the National Electric Grid of Uzbekistan (NEGU) for $2.40 billion, according to a report in Mubasher.

Listed on Tadawul, ACWA Power purchased three wind power special purpose vehicles (SPVs) to establish a 1.50-gigawatt (GW) wind farm in Kungrad, the firm said in a bourse filing.

Formerly known as the Karakalpakstan Wind IPP, the Kungrad facility will be the largest single-site wind farm in Central Asia and one of the biggest worldwide, the report said.

Upon implementation, the new wind farm is expected to offset 2.40 million tons of carbon emissions annually and power 1.65 million households.

The agreement covers the development, construction, and operation of the project and holds a 25-year duration period once the construction is completed.