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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.
  • DMCC sells a rough 118-carat diamond for record $5.2 million

    Dubai Multi Commodities Centre (DMCC) has sold a 100+ carat rough diamond for $5.218 million (US$ 44,004 per carat) in...

    The 118.58-carat type IIa stone was viewed by top diamond trading companies from Asia and Europe.

    During one tender event in Dec. 2020, $87 million worth of rough diamonds were sold at Dubai Diamond Exchange.

  • Microsoft shuttering LinkedIn in China as rules tighten

    The US-based company will replace LinkedIn in China with an application dedicated to applying for jobs but without the networking...

    LinkedIn was given a deadline by Chinese internet regulators to better oversee content on the site.

    Aside from being a venue for finding jobs, LinkedIn is a place for exchanges over business developments or news.

  • Israel readies for delivery drone traffic jams

    Israeli companies are tapping air force veterans’ expertise to avoid collisions in increasingly crowded skies as they look to start...

    Israel has a public-private initiative worth 20 million shekels, or about $6 million to advance its drone technology

    As part of it, three drones were delivery-tested earlier this week

  • CBD and Infinios announce pact

    Both will work to support the growing fintech market in UAE.

    Achieving the financial inclusion objective of the UAE one of the aims behind partnership.

    The partnership will help Infinios to expand its regionally unique banking-as-a-service solution (BaaS).

  • Arab influencers use Instagram for global branding

    As the 'influencers' phenomenon gets popular on social media, many of them in the Arab world have ridden the Instagram...

    Instagram is currently one of the most powerful channels for brands and SMBs

    In the post-pandemic era, brands can be developed and sustained without physical stores

  • UAE discusses trade partnership with South Korea

    The UAE and South Korea have discussed the prospect of pursuing a Comprehensive Economic Partnership Agreement to strengthen economic ties,...

    The negotiation process for this agreement is set to begin soon

    It is expected to cover issues like market access to goods and services, ecommerce, and carbon neutrality

  • ADQ to buy remaining 20 percent stake of Daman

    ADQ has entered into a definitive agreement to acquire the remaining 20 percent equity stake of The National Health Insurance...

    Since 2006, Daman has grown to become the nation’s largest health insurance provider

    As a partner to ADQ, Munich Re will continue to be Daman’s reinsurer

  • Egypt ties up with Japan, France to build 500 MW wind farm

    A consortium of companies has signed a 20-year deal with the Egyptian Electricity Transmission Company (EETC) to develop, construct and...

    The Nasdaq Dubai and Egypt stock exchange listed company did not disclose a value for the project

    The project is subject to financial close, after which the wind farm will be implemented in 30 months

  • A deposit to fund green projects in Middle East

    HSBC UAE has managed to secure the first green deposit from Saudi British Bank (SABB) through its new program dedicated...

    The deposit will be used solely to finance green initiatives

    HSBC launched in June its Green Deposits offering for commercial and institutional clients in the UAE

  • Mubadala Capital buys Taco Bell franchisee

    Mubadala Capital, the financial investment arm of Abu Dhabi’s sovereign investor Mubadala, has acquired one of the largest Taco Bell...

    Mubadala Capital bought K-Mac Holdings Corp from Lee Equity Partners Opportunities Fund

    Mubadala Capital has invested about $1.8 billion in the F&B sector in the past seven years

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