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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.

e& net profit up 20% in Q3

The consolidated net profit was AED3.0 billion, a year-over-year increase of 20 percent.
  • The company said that at constant exchange rates, consolidated revenue increased by 8 percent and consolidated EBITDA increased by 6.9 per cent.
  • The number of etisalat by e& subscribers in the UAE reached 14.0 million in Q3 2023, representing an increase of 4.7 percent.

Abu Dhabi, UAE — e& has announced third-quarter revenues of AED 13.4 billion ($3.64 billion), with a YoY increase of 3.3 per cent, while consolidated net profit was AED 3 billion, a year-over-year increase of 20 percent.

The company said that at constant exchange rates, consolidated revenue increased by 8 percent and consolidated EBITDA increased by 6.9 per cent, resulting in an EBITDA margin of 51 percent.

The number of etisalat by e& subscribers in the UAE reached 14.0 million in Q3 2023, representing an increase of 4.7 percent over the same period last year, while aggregate group subscribers reached 167 million, a 3.3 percent increase.”

Hatem Dowidar, Group CEO, e&, said, “e&’s strong performance this quarter is a testament to our resilience, and commitment to deliver value and growth to our customers and shareholders. We remain committed to lead the change by taking our first steps in sustainable mobility and transforming our business with AI powered solutions while realizing our vision of digitally empowering societies.”