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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.
  • Slovakia debuts its first Hydrogen car at Expo 2020

    The car has an aerodynamic design and is a sports model, and does not produce dangerous emissions.

    The vehicle, called the MH2 Hydrogen car, has been designed by Branislav Mauks

    He is a Slovakian designer who since 2007 has contributed in designing each of Ferrari’s models

  • PIF of Saudi Arabia to launch tourism on ‘THE RIG’

    Public Investment Fund of Saudi Arabia has announced the launch of ‘THE RIG,’ a new tourism project on oil offshore...

    “THE RIG” will span a combined total area of more than 150,000 square meters

    It will provide a multitude of hospitality offerings, adventures, and aquatic sporting experiences

  • US sees boom in cyber-extortion in 2021

    New data out Friday showed $590 million in ransomware-related payments were reported to US authorities in the first half of...

    Washington has sought to crack down on a sharp rise in attacks, including issuing its first sanctions against an online exchange

    The heists involve breaking into a company or institution’s network to encrypt its data, then demanding a ransom,

  • Iran ex-central bank chief gets 10-year jail term

    An Iranian court has sentenced the former governor of Iran’s central bank to 10 years in prison for violating the...

    Zabihollah Khodaeian, judiciary spokesman, told state TV that besides violating the currency system, Valliollah Seif also had a role in smuggling foreign currency

    State TV said they were involved in violations of the currency market in 2016

  • Bahrain central bank issues e-cheques

    The e-cheques will retain all the basic functions, legal validity, and benefits of paper cheques while providing a paperless payment...

    The e-cheques will come into effect on October 19, and will be available through two apps

    They are expected to complement traditional paper cheques, which are a popular payment instrument in Bahrain

  • Putin of Russia says crypto has value but not for oil trading

    Russian President Vladimir Putin signaled tolerance of cryptocurrencies, but is still not convinced they can replace the US dollar in...

    Russia has sought alternatives to trading in dollars since being slapped with sanctions in 2014 following the annexation of Crimea

    “It is legitimate and can be used in settlements, no doubt about that, but it is too early to use it for trading in oil"

  • Bahrain Grand Prix to open 2022 F1 season

    The 2022 FIA Formula 1 World Championship will kick off at the Bahrain International Circuit.

    This will be the fourth time that the Formula 1 season will start in Bahrain

    The championship-opener was previously held at BIC in 2006, 2010 and in 2021

  • Saudi and UAE stock markets rebound

    The Saudi and UAE bourses saw quite some ups and downs in the week that began on Sunday, October 10.

    The Saudi index started the week dropping 0.2 percent and closed the week increasing 0.64 percent

    Financial-sector stocks helped Dubai and Abu Dhabi indices end the week up 0.01 percent and 0.33 percent, respectively

  • Saudi-owned Newcastle begin bid for ‘superpower’ status

    Thousands descended on St James' Park when the takeover was finalised just over a week ago, celebrating the end of...

    Amanda Staveley says the consortium's ambition is to turn the struggling club into Premier League champions within the next decade

    Newcastle sit second bottom of the table, without a win in their opening seven league games this season

  • Banking on apps for personal finance

    People in the Middle Eastern countries are increasingly relying on apps to manage their money, streamline expenses and other banking...

    TRENDS presents a list of apps that can be used to manage personal finances in UAE and elsewhere in the region, as well as those that can be used anywhere

    Middle East has one of the highest percentages of smartphone penetration in the world

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