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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.
  • UAE financial organisations under pressure to enhance security: Study

    Banks and FSIs come under pressure from government, shareholders, employees and customers as security risks increase during the pandemic

    Banks and FSIs come under pressure from government, shareholders, employees and customers as security risks increase during the pandemic

    Citrix worked with OnePoll to survey 600 IT managers in the financial services and banking sectors in South Africa, Saudi Arabia and UAE

  • Now website owners may apply for ‘.abudhabi’ domain names

    Abu Dhabi’s Department of Government Support has announced ‘.abudhabi’ as the official internet TLD name for the emirate.

    The domain name is accessible to all citizens, residents, and employers working inside and outside the emirate

    More than 550 uniform resource locators or URLs have been registered to the ‘.abudhabi’ domain name to date

  • Four major UAE banks post $4bn net profit in first half

    The combined net profit of four major banks in the United Arab Emirates has vaulted to $4 billion in the...

    Moody's said the four banks combined net profit increased from last year, but returns on assets remains below pre-pandemic levels

    The four big banks account for 77 percent of UAE banking assets, Moody’s said

  • Investcorp, Riverside sell Arrowhead Engineered Products

    Investcorp, a Bahrain-based alternative investment management firm, and global private investor Riverside Co. have sold Arrowhead Engineered Products (AEP) to...

    Private equity firm Genstar acquired the replacement parts supplier

    The financial terms of the transaction were not disclosed

  • Windows 11 rollout from October 5

    Microsoft said the first rollout would upgrade Windows 10 PCs.

    The free upgrade for Windows 10 PCs will be phased and measured with a focus on quality

    Computers that come preloaded with Windows 11 will also become available for purchase from October 5

  • Agthia to buy Dubai snack company

    The group has endorsed the full acquisition of BMB Group.

    The deal would represent Agthia’s second investment in the snacking and healthy food market, following its acquisition of date company Al Foah earlier this year

    The value of the all-cash deal was not disclosed

  • Google extends remote work option due to pandemic

    Google campuses will remain voluntary globally through Jan 10. Local offices can decide when to ask employees to return to...

    Workers promised 30 days' notice before they would have to return to their offices.

    An extra day off in October and December granted as "reset days" to "rest and recharge."

  • OptiNAND: WD’s new disk feature

    Data retention, performance enhanced in the new architecture.

    OptiNAND offers customers a solution to meet the demand for storing vast amounts of data.

    A drive works smarter with enhanced firmware algorithms.

  • Lebanon crisis may fuel bread shortage

    The Lebanese flour millers' association has said mills might gradually stop working as fuel supplies run out. This, when the...

    This is the latest casualty of fuel shortages in Lebanon, where hospitals have already warned that they are hanging on by a thread

    The overall shortage of power-generating fuel has resulted in protracted power cuts in the country, forcing medical facilities to run generators, which too need fuel to run

  • Emirates to receive three A380 by November

    The delivery will take the airlines' total fleet of A380s to 188 units.

    Airline to also reinstate A380 flights on key destinations worldwide in October

    The deliveries will bring the carrier’s total fleet of A380s to 188 units in November, when the last double-decker is scheduled to arrive 

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