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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.

Lootah Biofuels inks MoU

The policy is aimed at increasing the consumption of biodiesel. (Lootah)
  • The deal was inked during the second day of the Dubai Business Forum, an influential global gathering of businesses and investors.
  • The objective of the MoU is to reduce the impact of CO2 by replacing normal diesel with biodiesel.

Dubai, UAE — Lootah Biofuels has signed a Memorandum of Understanding (MoU) with Atmosphere Hotels & Resorts to produce and supply biodiesel and provide waste cooking oil recycling services in the Maldives.

The deal was inked during the second day of the Dubai Business Forum, an influential global gathering of businesses and investors held from 1-2 November at Madinat Jumeirah in Dubai.

The objective of the MoU is to reduce the impact of CO2 by replacing normal diesel with biodiesel. The agreement also supports the collection and recycling of used cooking oil from luxury resorts, hotels, restaurants, and households to produce biodiesel in the Maldives, according to WAM.

The agreement was signed as part of The Deals Hub, a dedicated impact-driven platform for global business leaders and investors to forge and announce major business initiatives, partnerships, investments, and commercial alliances during the Dubai Business Forum.

A Dubai Chambers’ initiative aimed at driving growth in international trade and investment, The Deals Hub consolidates Dubai’s position as a leading global city for doing business, WAM said.

The Dubai Business Forum brings together key stakeholders from the government and private sectors across the globe to explore strategic economic partnerships, develop international networks, and open new horizons for business, trade, and investments.