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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.
  • Abu Dhabi issues new Covid-19 norms for tourism and leisure venues

    Restaurants can operate at 80 percent of their capacity and allow a maximum of 10 people at a table who...

    Those fully vaccinated within the last six months-- vulnerable groups within the last three months-- only will be allowed to attend events.

    A negative PCR test taken within the previous 48 hours will be required with an ‘E’ showing on the Al Hosn app.

  • Dubai Investments to deliver $953m mixed-use projects by H2

    The handover portfolio includes the final phase of the Mirdif Hills Project in Dubai and the Al Taif Business Center...

    The two projects together will provide more than 240,000 sq ft of commercial space with 100 retail units

    There will also be over 280,000 sq ft of office spaces, more than 350 hotel rooms, and more than 1,200 residential and serviced apartments

  • Dubai to develop as polyurethane innovation hub: Pearl

    Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the...

    Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the Dubai-headquartered company

    Operating for over 25 years, the company has supplied polyurethane insulation foam systems for several trailblazing projects in the Gulf region

  • UAE, Iraq moot bilateral business council

    Iraq and the UAE already conduct trade that was worth around $15 billion in 2019.

    Abu Dhabi Chamber Chairman Abdullah Mohammed Al Mazrouei and Iraqi Ambassador discussed the setting up of this council

    Abu Dhabi Chamber Director-General Mohamed Helal Al Mheiri also attended the meeting

  • Qatar Tourism and Clia announce partnership

    The partnership should help Qatar broaden its appeal for visitors ahead of and beyond the 2022 Fifa World Cup.

    Qatar welcomed 207,000 cruise visitors to Doha in 2019-20

    It reopened its borders on July 12 to fully-vaccinated international travelers, and is expecting tourism to pick up

  • Azizi Developments records 263% hike in broker registrations

    The developer has strengthened and expanded its broker relationships following the introduction of its revamped channel partner strategy

    The developer has strengthened and expanded its broker relationships following the introduction of its revamped channel partner strategy

    Higher commissions, weekly commission pay-outs, and rigorous broker training and assistance have contributed to the surge in registrations

  • UAE on way to become cashless economy by 2025

    According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...

    According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs

    The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years

  • UAE on way to become cashless economy by 2025

    According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...

    According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs

    The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years

  • Oman: Sohar Port increases production capacity by 14%

    Production capacity touched 545,000 tons in the port’s free zone, where 45 countries have investments.

    The port posted a 168% increase in handling vessel-mounted mobile goods by the end of the second quarter

    However, it dealt with 2.3% fewer standard container units within the same duration

  • Union Properties posts a total profit of AED 32 million in H1

    The company witnessed a positive shift in many business activities in the UAE in general and in Dubai in particular,...

    Contributing most to the positive results was revenues from customer contracts.

    Financing costs witness a significant decrease of 32 percent in H1 compared to the same period in 2020.

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