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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.
  • Knight Frank strengthens UAE team

    The company hires two members for Industrial and Logistics.

    Company credits Maxim Talmatchi, who was hired as manager and co-head of Industrial and Logistics, with 300 successful transactions.

    Dumitru Mamaliga, hired as industrial surveyor, has focused in the industrial and logistics sector in the UAE since 2017.

  • Pageants, races drive camel cloning demand

    Cloning is in demand not only for beauty pageants and races but also for reproducing camels that produce large amounts...

    Some clients will pay between $54,500-$109,000 to duplicate a "beauty queen".

    Dubai claimed the world's first cloned camel, Injaz (achievement in Arabic), on April 8, 2009.

  • Kuwait Airways to resume New York flight

    The destination is in high demand from business travelers, tourists.

    Two kinds of aircraft will be operated for the route.

    The airways has resumed operations from various destinations.

  • RTA announces special buses for Expo 2020 Dubai

    The RTA will operate 126 buses within Dubai, and 77 buses between Dubai and the other emirates, all so that...

    Dubai’s RTA will deploy 126 public buses for Expo 2020 Dubai visitors

    Called Expo Rider, they will be free for visitors, and available from nine locations across Dubai

  • Saudi Arabia eyes investment opportunities from Germany

    The Saudi Vision 2030 has unlocked investment opportunities worth SAR12 trillion (€2.7 trillion or $3.2 trillion).

    Germany is a key trade and investment partner for Saudi Arabia

    It was the fourth-largest source of imports to the kingdom in 2020

  • DGCX, Zimbabwe exchange ink pact

    DGCX will extend technical support and skills to VFEX.

    The aim of the agreement is to establish an international commodities exchange in Zimbabwe.

    The one-year agreement was signed during the visit of a high-level Zimbabwean ministerial delegation.

  • Dubai Chamber members’ exports, re-exports reach $40 bn

    Surge in trade activity in Dubai has lifted the value of exports, re-exports.

    58,154 certificates of origin issued by Dubai Chamber in August 2021.

    Outside of the GCC, Egypt was the largest export market as member exports to the country.

  • Tehran to issue 20 million more Justice Shares

    Issued during the rule of former president Mahmoud Ahmadinejad in 2006, the Justice Shares were intended to assist economic privatization...

    The value of the portfolios of shareholders, which are estimated to be 49 million, has grown nearly ten times.

    The number of state-owned enterprises that were supposed to be privatized under the justice share program is now 49, valued at $21.8 billion.

  • Disney to debut rest of 2021 films in cinemas first

    The decision was eagerly awaited by traditional cinemas after the entertainment giant recently chose to release a series of big...

    The decision was eagerly awaited by traditional cinemas after the entertainment giant recently chose to release a series of big productions such as "Black Widow", "Jungle Cruise"

    The animated film "Encanto" will be released on the big screen on November 24 and will not appear on Disney's on-demand video platform until December 24

  • WhatsApp users may encrypt backups

    FB was recently accused of breaching WhatsApp users’ privacy.

    Mark Zuckerberg has announced that WhatsApp will let users encrypt chats they choose to back up

    The facility will be available for users of devices that can run Apple’s iOS and Google’s Android

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