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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

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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.

Airports grouping ACI Asia Pacific calls for reopening borders

Middle East and Asia Pacific will lose over 2.4 billion passengers by end of 2021.
  • 70% passenger loss is forecast for the Middle East which is reeling under lockdowns, travel, and quarantine restrictions and 56% for the Middle East
  • Airport revenues are predicted to decline by US$ 34 billion in Asia-Pacific and US$11 billion in the Middle East by the end of 2021

Countries which have reached satisfactory vaccination rates should reopen borders and relax quarantine requirements, Airports Council International said after sustained losses were predicted in 2021 for Asia Pacific and Middle East airports.

56 percent passenger loss is forecasted for Asia Pacific which is reeling under lockdowns, travel and quarantine restrictions. The figure for Middle East is 70 percent.

The two regions are predicted to lose over 2.3 billion passengers while the revenue would decrease by US$ 34 billion in Asia Pacific and by US$ 11 billion in Middle East by the end of 2021.

“A repeat of the dismal 2021 can be avoided for 2022 if more governments can adopt the risk-based, pragmatic approaches recommended by ICAO and the WHO,” Stefano Baronci, Director General, ACI Asia-Pacific said.

He also remarked that in order to boost international travel and economic growth, countries like Singapore, Thailand, Fiji, Maldives, several Middle East and European countries and the United States are already following the recommendations of ICAO and WHO.