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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.
  • AD Ports plans new $154m terminal

    The new terminal will be at the Khalifa Port in Abu Dhabi.

    The terminal will be managed by a joint venture where AD Ports Group will have a 30 percent stake

    CMA CGM’s subsidiary CMA Terminals will have a 70 percent stake in the JV

  • Saudi institute invests $500,000 to research farming in space

    The equity investment was reportedly a part of Interstellar Lab's latest $3-million seed round.

    The non-profit FII Institute has made the investment in the French firm Interstellar Lab

    The Paris-based firm designs closed-loop bio domes for sustaining life on Earth, the moon, and Mars

  • Iran mulls preferential trade agreement with Lebanon

    The director-general of the Iranian Trade Promotion Organization’s Office of Arabian and African Countries has said Iran is in talks...

    Lebanon is currently suffering under one of the world’s worst economic crises since the mid-1800s

    The situation is such that senior economist Nasser Saidi has said hyperinflation is imminent in the country

  • HNWIs drive up luxury car sales in Gulf region

    Being home to most of the high net-worth individuals in the Middle East, Saudi Arabia, the UAE and Qatar are...

    Porsche Middle East and Africa’s successful implementation of new retail strategy helps in achieving the targets in Q1 2021.

    GCC governments are committed to increasing sustainability by reducing carbon emissions.

  • Investors to sue Boeing’s Board of Directors for 737 crashes

    Boeing has already lost $20 billion in fines, lost orders, and other costs, due to these two crashes, both of...

    A Delaware judge observed that while those who died in the crashes were the primary victims, Boeing shareholders were secondary victims

    She has allowed the Board of Directors to be prosecuted on charges that they did not make good-faith decisions about the safety of the aircraft

  • Iker Casillas to launch goalkeeper training center in Dubai

    Called the Iker Casillas Goalkeeper Training Center, this will be the first such facility by the Real Madrid goalkeeper outside...

    The center is to be established in partnership with Dubai’s Fursan Hispania FC

    It will be helmed by former Spain international footballer Michel Salgado

  • Japanese-French consortium to operate Dubai Metro now

    The change in operators coincided with the 12th anniversary of Dubai Metro, which started operation on September 9, 2009.

    The operation and maintenance contract of Dubai Metro and Tram with Keolis-MHI LLC spans 15 years

    Of these, nine are base years, and six years are renewable every two years

  • Bitcoin may touch $100,000 in Q1 of 2022

    Standard Chartered has forecast that Bitcoin will touch the magical figure of $100,000 in the first quarter of 2022, and...

    On Wednesday, Bitcoin was trading at a little more than $46,000

    Ethereum and Binance Coin were trading at $3,413 and $409, respectively

  • Eltizam Group buys Inspire Integrated for $10m

    Continuing with its expansion strategy, Eltizam Asset Management Group, a subsidiary of the Abu-Dhabi based International Holding Company, acquired Inspire...

    Acquisition part of ltizam Asset Management's expansion strategy

    Inspire Integrated, which will continue to operate under the same name, specializes in infrastructure and real estate solutions

  • Mubadala Petroleum, Eni partner for energy transition

    The scope of the cooperation covers potential joint opportunities in Mena, South East Asia, Europe, and other regions of mutual...

    The MoU aligns with Mubadala Petroleum’s approach to Environmental, Social & Governance ESG considerations and its energy transition goals

    This includes pursuing a gas-weighted portfolio strategy that has seen the company’s asset base reach almost two-thirds natural gas

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