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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.
  • South Korea mulls reviving FTA talks with GCC

    The two sides have not had a mutual FTA for more than 10 years now.

    South Korea and the GCC agreed to negotiate an FTA in 2007, but talks have been stalled since 2009

    Now, Korean Trade Minister Yeo Han-koo will soon meet his UAE counterpart Thani Al-Zeyoudi virtually in this regard

  • Boursa Kuwait launches ESG reporting guide

    Through it, the bourse aims to drive the embrace of Corporate Sustainability in the Kuwaiti capital market.

    The guide will introduce the ESG universe to companies listed on the stock exchange

    It will also highlight the benefits of ESG disclosure and best practices

  • Zamil Industrial unit wins AC deal

    The contract is to supply AC systems to Saudi schools.

    Zamil Industries unit Zamil Air Conditioners has got the contract from Tatweer Buildings Company

    The contract is worth SAR44.1 million ($11.7 million)

  • Emaar EC eyes $3bn capital hike

    Its board of directors has okayed a 33% hike in its capital.

    Emaar EC will now put the approval plan to shareholders' vote

    This will happen at the extraordinary general meeting to be held on September 12

  • Aramco rebar facility opened

    IKK Mateenbar will produce non-corrosive fiberglass rebar.

    New corrosion-free material could support the kingdom in achieving its carbon neutrality targets.

    Extreme temperatures and high levels of salinity make the kingdom one of the most corrosive environments for steel rebar.

  • ‘Transparency key to success for corporates in MENA’

    Good corporate governance and best practices have been driving the shift in the regional market, says Jamal Fakhro, Managing Partner...

    Regulators across sectors are proactively evolving national laws and regulations to ensure that businesses perform as responsible stewards in the market, says Jamal Fakhro

    Majority of businesses in the region which have adopted corporate accountability and transparency are driving the shift in the market, adds the Managing Partner at KPMG Bahrain

  • American falcon sells for $467,000 in Saudi auction

    The falcon was 16.5 inches both long and wide, and weighed 980 grams.

    An ultra-white Gyr Qarmousha Falcon, less than a year old, was sold for SAR1.75 million (around $467,000)

    It came from a noted international breeding facility called the Pacific Northwest Falcons farm, located in the US

  • 1.8 million Saudis employed under Nitaqat program

    Nitaqat is a nationalization scheme implemented, which requires Saudi companies to fill up their workforce to certain levels with Saudi...

    About 1.6 million establishments in the Saudi employment market are registered under the program.

    Under Updated Nitaqat, the number of economic activities will be reduced to 32 from 85.

  • GCC equity markets shine in H1 2021

    The growth was spurred by abundant liquidity created by easing monetary and fiscal policies besides a rebound in oil prices.

    The pharma and biotech index topped performance during H1 2021 with returns of 24.3 percent and 50.4 percent.

    Abu Dhabi Exchange topped the region’s equity markets by gaining as much as 35 percent.

  • Social cost of 2019’s plastic more than GDP of India

    There is increasing international alarm over the sheer volumes of fossil-fuel based plastics entering the environment, as microplastics have infiltrated...

    It estimated that unless there was concerted international action, a projected doubling of plastic production could see costs rocket by 2040 to $7.1 trillion.

    Since the 1950s, roughly 8.3 billion tons of plastic have been produced with around 60 percent of that tossed into landfills or into the natural environment.

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