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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.

Masdar City and ADRO facilitating Golden Visas for eligible persons

Golden Visa is of particular relevance to Masdar, as it is home to 900 companies.
  • The Golden Visa is a 10-year residency for certain professions including specialized degree-holders and others.
  • Golden Visa is of particular relevance to Masdar City as it hosts more than 900 companies, says Executive Director Abdulla Balalaa.

Masdar City Free Zone has been facilitating the processing and submission of Golden Visas for eligible persons and their families for a while now.
In a statement, Masdar said the visas are being processed in collaboration with the Abu Dhabi Residents Office (ADRO), a division recently launched by the Abu Dhabi Department of Economic Development (ADDED).
The Golden Visa is a 10-year residency for certain professions including specialized degree-holders and others. It was announced in May 2019.
Masdar City Free Zone said it has been working to promote the Golden Visa to eligible candidates including investors, entrepreneurs, specialized talents, researchers in various fields of science and knowledge and students with promising scientific capabilities.
The statement said ADRO is “dedicated to helping” new residents settle into Abu Dhabi and “supports the integration and harmonization of expatriates with the local culture and society”.
Abdulla Balalaa, Executive Director of Masdar City, said the Golden Visa is of particular relevance to Masdar City, which hosts more than 900 companies that are benefiting from the City’s unique ecosystem of education, R&D, technology startups, incubators and corporates.
“Masdar City is therefore serving as a hub for the kinds of researchers, investors, entrepreneurs, and students, all within specialized fields, who would qualify for a Golden Visa in Abu Dhabi,” he added.