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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.
  • Jeddah Islamic Port ranks 37 on Lloyd’s list of 100

    Jeddah Islamic Port, the largest in Saudi Arabia, has ranked 37 on Lloyd’s list of top 100 global ports in...

    The 2021 edition of Lloyd’s list of top 100 ports was recently published, measuring the annual container throughput volumes of global ports in 2020

    Jeddah Islamic Port had reported a growth of 6.8 percent in 2020, with volumes increasing to 4.7 million TEUs (twenty-foot equivalent unit) from 4.3 million TEUs in 2019

  • Work starts on Egypt’s $9bn high-speed train

    Work began on Egypt's $9 billion first high-speed train project, connecting the Red Sea coast with the Mediterranean coast, across...

    Egypt began implementing its first high-speed train project

    The Egyptian contracting companies are completing the preparation of the road

  • Dubai Metro to open Jumeirah station on Sept 1

    The station would be opening well ahead of the beginning of the Expo 2020 Dubai events, which it will be...

    The station is expected to be able to serve 11,555 riders per hour during peak times, and about 250,000 riders per day

    It has two train-boarding platforms, four bus stops, and 20 taxi stands to pick up and drop off riders, along with hundreds of free parking spaces in its surroundings

  • Holy and worldly offerings of Saudi tourism

    The Arab world's most powerful economy is devoting enormous resources to attracting at least 100 million tourists by 2030. TRENDSMENA...

    King Fahd Fountain, the tallest fountain in the world, holds up to 318 tons of seawater and measures 312m in height.

    Masjid al-Haram comprises 13 minarets, while five main entrances/doors and hundreds of subsidiary doors give the building its overall form.

  • Truckmaker Scania pauses production over chip shortage

    This week's suspension is Scania's first since the coronavirus pandemic forced a production halt in April 2020

    This week's suspension is Scania's first since the coronavirus pandemic forced a production halt in April 2020

    "It's a difficult period and too many things are pointing in the wrong direction," Scania spokeswoman Karin Hallstan told AFP

  • Abu Dhabi Media taps STARZPLAY to stream AFC matches

    Enthusiasts may buy a subscription of 2 sports channels for AED15 (a little more than $4) or the entire STARZPLAY...

    From September, the matches are expected to be streamed on STARZPLAY

    The streaming will start with the Asian qualifying matches for the FIFA World Cup 2022 in Qatar

  • Foreign investment in Saudi markets rose 150% in Q2

    The sectors in the country that attracted the most foreign investment were banking, basic items, energy, and communications.

    Saudi Arabia was granted membership of the World Trade Organization in 2005

    This is opened up the country to ever-increasing investments from foreign parties

  • Turkey buys drones from firm where Erdogan kin is CTO

    The drones have been made by Baykar, whose CTO is the son-in-law of Tuekey’s president.

    The UAVs, called Akinci, have been made by private drone-maker Baykar

    The Turkish military on Sunday took delivery of these drones, whose name means “raider” in Turkish

  • Etisalat to partner with GMIS on 5G

    The UAE-based company will share practices at GMIS 2021.

    The GMIS is being held at Expo 2020’s Dubai Exhibition Centre.

    Discussions will focus on government , society, women in leadership and the UAE’s Operation 300bn.

  • EGA sees $473m profit in H1

    This was the company’s strongest H1 financial performance ever.

    EGA supplied some 442 customers in 57 countries with metal in the first half of 2021

    In the UAE, the company supplied 140,000 tons of metal to local customers

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