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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.

Iran discusses oil cooperation with China

European and UK gas prices rocketed on strong winter demand.
  • Iranian Oil Minister Ali Owji has met discussed ways to increase cooperation with the CNPC
  • CNPC’s Middle East department deputy head Libin Zhang met Owji in Vienna on Thursday

Iranian Oil Minister Ali Owji has met China National Petroleum Corporation officials to discuss ways to increase cooperation, local reports have said.

CNPC’s Middle East department deputy head Libin Zhang met Owji in Vienna on Thursday, said the local reports.

During the meeting, the two sides reportedly exchanged views about issues of mutual interest.

CNPC has already been active in southwestern Iranian Azadegan oilfield. Reportedly, China has participated in development of North Azadegan oilfield, whose first phase became operational five years ago.

With an area of 1,500 sq km, the Azadegan joint oilfield is located near Iran-Iraq border.

Top economic officials in Iran said in April that the country was capable of increasing the value of its exports to China to $27 billion within the next few years.

Iran is hard pressed to sell its oil to countries across the world due to the sanctions placed by the United States on it.

This cooperation could help the Middle-Eastern country bypass those sanctions and add to its export earnings.