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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.

Dubai records $2.74 billion in weeklong real estate transactions

A total of 154 properties were granted between first-degree relatives worth AED 852 million. (WAM)
  • A total of 209 plots were sold for AED 2.19 billion, 2,100 apartments and villas were sold for AED 4.84 billion.
  • The sum of the amount of mortgaged properties for the week was 2.28 billion, with the highest being a land in Al Raffa, mortgaged for AED 269.5 million.

Dubai, UAE — The real estate and properties transactions valued at 10.1 billion ($2.74 billion) in total during the week ending 12 January 2024. The sum of transactions was 2,910.

A total of 209 plots were sold for AED 2.19 billion, 2,100 apartments and villas were sold for AED 4.84 billion.

The top three transactions were a land in Al Hebiah Sixth sold for AED 138.65 million, followed by a land that was sold for AED 105 million in Business Bay, and a land sold for AED 47.36 million in Palm Jabal Ali in third place.

Al Hebiah Fifth recorded the most transactions for this week by 44 sales transactions worth AED 163.91 million, followed by Hadaeq Sheikh Mohammed Bin Rashid with 33 sales transactions worth AED 398.83 million, and Madinat Hind 4 with 30 sales transactions worth AED 42.29 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED 66 million in Al Wasl, a was second in the list sold for AED 46 million in Al Thanayah Fourth, and thirdly it was a sold for AED 40.02 million in Al Hebiah Fourth.

The sum of the amount of mortgaged properties for the week was 2.28 billion, with the highest being a land in Al Raffa, mortgaged for AED 269.5 million.

A total of 82 properties were granted between first-degree relatives worth AED 799 million.