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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.

Kaspersky now a ‘security threat’

The designation will restrict Kaspersky’s dealings in the United States. AFP File Photo
  • The US Federal Communications Commission has added Kaspersky to a threat list
  • This effectively blocks the firm from being paid with certain US government subsidies

US regulators have deemed antivirus software maker Kaspersky a “threat to national security,” a designation that will restrict its dealings in the United States.

The Federal Communications Commission has added Kaspersky to a threat list — which blocks paying the firm with certain US government subsidies — that also includes Chinese companies like Huawei and ZTE.

The FCC’s statement released Friday did not mention Russia’s invasion of Ukraine, but Kaspersky responded to the designation by saying it was imposed “on political grounds.”

“This decision is not based on any technical assessment of Kaspersky products,” the firm added in a statement.

German cyber security agency BSI urged consumers earlier this month against using Kaspersky’s antivirus software, warning that the company could be implicated — willingly or unwillingly — in hacking assaults amid Russia’s war in Ukraine.

The addition of Kaspersky to the threat list blocks money from the FCC’s fund that supports telecommunications in rural areas.