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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.

Dow, S&P 500 hit fresh records, but Nasdaq ticks lower

The tech-rich Nasdaq slipped by 0.3 percent to 15,996.82 -- a day after surging by 3.0 percent following strong earnings results from chipmaker Nvidia. (AFP)
  • The Dow Jones Industrial Average, America's blue-chip index, rose 0.2 percent to end the day at a record high of 39,131.53
  • The broad-based S&P 500 was barely positive for the day, rising by well under 0.1 percent. Nevertheless, it inched higher to a new record of 5,088.80

New York, United States– US stock markets finished mixed on Friday, with the Dow and the S&P 500 hitting fresh peaks, while the Nasdaq slipped slightly following Thursday’s Nvidia-fueled surge.

The Dow Jones Industrial Average, America’s blue-chip index, rose 0.2 percent to end the day at a record high of 39,131.53.

The broad-based S&P 500 was barely positive for the day, rising by well under 0.1 percent. Nevertheless, it inched higher to a new record of 5,088.80.

The tech-rich Nasdaq slipped by 0.3 percent to 15,996.82 — a day after surging by 3.0 percent following strong earnings results from chipmaker Nvidia.

“The euphoria with Nvidia is causing a momentum to buy,” Peter Cardillo from Spartan Capital told AFP.

Amid individual firms, car sales company Carvana’s share price surged more than 32 percent after it reported its first ever annual profit.

And the cybersecurity firm Palo Alto Networks saw its share price rise more than 5.3 percent — reversing some of the dramatic 30 percent decline that occurred Wednesday after it cut its revenue forecast.