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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.

Apple’s iPhone 13 set to capture 5G potential

Apple iPhone
Apple reports record quarterly earnings. File photo.
  • iPhone 13 will have custom 5G antennas and radio components
  • The Series 7 smart watch will feature a larger display and will start at $399

California-headquartered Apple Inc unveiled new and improved products including iPhone 13, Series 7 smart watch, and a new iPad mini on Tuesday in an event watched online by fans across the world.

The iPhone 13 will have a new chip called the A15 Bionic that will power features like automatically detecting when the phone’s camera is pointed at the text. Apple said the iPhone 13 will have custom 5G antennas and radio components for faster speeds and will come in five colors, according to media reports.

The phone will start at $699, and participating wireless carriers will offer up to $700 off for qualifying trade-ins. The iPhone 13 Pro starts at $999 and the Pro Max starts at $1,099, with trade-in offers of up to $1,000. All three models will be available from September 24.

The Series 7 smart watch will feature a larger display and faster charging. It will start at $399 and be available later this autumn.

The company also updated its iPad Mini with 5G connectivity and a reworked design that makes it look like the higher-end iPad Air and Pro models. Apple also updated its base-model iPad with a new camera for working and learning from home. The base model iPad starts at $329, and the Mini starts at $499. Both will be available next week.