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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.

Bahrain Grand Prix to open 2022 F1 season

The 2022 FIA Formula 1 World Championship will kick off at the Bahrain International Circuit.
  • This will be the fourth time that the Formula 1 season will start in Bahrain
  • The championship-opener was previously held at BIC in 2006, 2010 and in 2021

Formula 1 has announced that the 2022 FIA Formula 1 World Championship will kick off at the Bahrain International Circuit.

The Formula 1 Gulf Air Bahrain Grand Prix 2022 weekend is therefore expected to take place on March 18-20, making it the first of 23 rounds in the new season.

BIC Chief Executive Sheikh Salman bin Isa Al Khalifa was quoted by an official statement as saying: “The 2022 F1 season will mark a new era for the sport, with new regulations substantially changing major elements of the cars.”

The announcement reportedly follows the latest meeting of the FIA World Motor Sport Council in Paris, which approved the new calendar.

It will be the fourth time that the Formula 1 season will start in Bahrain.

The championship-opener was previously held at “The Home of Motorsport in the Middle East” in 2006, 2010 and in 2021, said the statement.

The Bahrain Grand Prix is expected to be the front-end of a Formula 1 Middle Eastern double-header to start the new season, as it will be followed the very next weekend by the second edition of the Saudi Arabian Grand Prix in Jeddah.

Next year’s Bahrain Grand Prix will mark the 18th edition of the 57-lap race, and the ninth time it will be held at night under BIC’s floodlights.

Further announcements on the Formula 1 Gulf Air Bahrain Grand Prix 2022 — including details on ticket sales — are expected to be made in due course.