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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.

DP World and Saudi Ports Authority to give Jeddah Islamic Port a makeover

The project will contribute to transforming Jeddah into a major international trade and logistics center.
  • The development work will be carried out in four phases, with the project scheduled to be completed by 2024
  • It includes improvements that will enable the terminal to serve five ships simultaneously and deal with the largest container ships

Dubai Ports World and Saudi Ports Authority (Mawani) have come together to expand the capacity of Jeddah Islamic Port.

The  work will be carried out in four phases, with the project scheduled to be completed by 2024.

It includes improvements that will enable the terminal to serve five ships simultaneously and deal with the largest container ships operating today and in the future, with a load of up to 26,000 TEUs.

This project is part of the new commercial attribution contract that Mawani signed with DP World in December 2019 for a period of thirty years.

The project will contribute to transforming Jeddah into a major international trade and logistics center.