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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.

  • Dubai records weeklong real estate transactions worth $1.6 billion

    DUBAI: Dubai has recorded 1,592 real estate and properties transactions worth AED6 billion ($1.6 billion) in total during the week...

    A plot of land in Al Thanayah Fourth sold for AED59.5 million and an apartment for AED373 million in Marsa Dubai.

    Al Yufrah 3 recorded the most transactions for this week with 17 sales transactions worth AED15.66 million.

  • Breathtaking start of Expo 2020 Dubai

    Dubai opened its extravagant Expo 2020 on Thursday with a flashy ceremony boasting fireworks and lights displays as it attempts...

    The event kicks off a six-month world fair attended by more than 190 countries

    The Expo venue is alive with music, dance, drama and projections with its star-studded opening ceremony

  • Ajman Chamber reduces membership registration fee by 50 percent

    DUBAI: A 50 percent reduction in the membership registration fees in the Ajman Chamber of Commerce and Industry for new...

    The offer is valid only if the registration request is submitted between Oct 1 and March 31.

    The decision comes into force from October 1.

  • Expo 2020 launches official visitor app and business-focused app

    Expo 2020 Dubai has launched its official visitor app and a business-focused app.

    The official Expo 2020 app allows users to tailor their visit to the event, matching individual interests to create a personal schedule

    The Expo 2020 Business App matches users with similar interests and objectives among the business community

  • Qatar to hold its first-ever Formula One Grand Prix

    The race will take place at the Losail International Circuit north of Doha on November 21 and will form the...

    The Australian GP, traditionally a season-opener, was moved towards the end of the season but was canceled for a second year running.

    Qatar has also signed a 10-year deal to host Formula One from 2023.

  • East Pipes Integrated plans IPO

    The Saudi Arabia-based company gets approval to float 6.3 million shares.

    The offering will be limited to qualified investors, who should conduct their own due diligence on the information disclosed in the company’s prospectus

    6.3 million shares to be floated as the measure has been approved by Saudi Arabia’s Capital Market Authority

  • EDB to push Ajman growth

    The EDB-Ajman MoU is in line with the Make it in the Emirates Campaign.

    Under the terms of the agreement, EDB will support SMEs registered at Ajman Free Zone, in line with its applicable policies and procedures

    In addition, the companies operating in the free zone will be given access to the bank’s key programs, financing solutions, and other facilities

  • ABHGA readies $13bn investment

    This agreement can be considered the start for several projects.

    This agreement aims at increasing the level of cooperation between the public and private sectors to achieve the objectives of Vision 2030

    The areas of cooperation between ABHGA and NIDLP, subject to this agreement, includes establishing a joint framework

  • 2021 a year of recovery in oil market: OPEC Sec Gen

    Barkindo underscored the importance of the efforts by the Declaration of Cooperation (DoC) Participating Countries in accelerating the rebalancing process...

    Barkindo underscored the importance of the efforts by the Declaration of Cooperation (DoC) Participating Countries in accelerating the rebalancing process in the global oil market

    The Secretary General also stressed the need to remain cautious and attentive to an ever-evolving market situation

  • Infrastructure push spurs job growth in GCC

    The UAE and Qatar are hosting global events like EXPO 2020 this October and FIFA World Cup in 2022  respectively...

    In recent months, all GCC countries have unveiled major infrastructure projects following vaccination of the majority of the population and a rebound in oil prices

    The UAE and Qatar are hosting global events like EXPO 2020 this October and FIFA World Cup in 2022 respectively and initiating infrastructure projects worth billions of dollars

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