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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.

Amazon to hire 1,500 people in UAE as it expands business

  • The jobs, according to the company, will be created as it expands its fulfillment center storage capacity by 60 percent
  • This expansion is expected to create additional jobs through its sellers and delivery partners

Amazon, the US e-commerce giant, has announced that it would add 1,500 jobs in the United Arab Emirates to cope with the potential hike in demand as it seeks to expand its presence in the country.

The jobs, according to a statement released by the company, will be created as it expands its fulfillment center storage capacity by 60 percent. This expansion is expected to create additional jobs through its sellers and delivery partners.

The company is adding four new delivery stations that will increase its total area by 70 percent, speeding up the handling of deliveries and increasing its reach. The operations expansion in the UAE will include new openings, closure of older buildings and upgrades, it said.

In the US, the online retailer recently raised its starting wages to more than $18 an hour and offering signing bonuses as it struggled to attract new workers in tight labor market conditions, according to a Reuters report.