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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.
  • New flights from Baghdad to Abu Dhabi

    The inaugural flight of Iraqi Airways landed at Abu Dhabi International Airport on August 7.

    The inaugural flight, operated by Iraqi Airways using Boeing 737-800 aircraft, landed at Abu Dhabi International Airport on August 7

    Iraqi Airways will start by operating one flight per week and will then increase its number of flights to two a week

  • Ajman Free Zone adds 867 companies in H1

    Ajman Free Zone (AFZ) has registered a growth of 35 per cent in the number of new registered companies during...

    Health sector registers 84 percent growth in the number of new companies.

    70 percent growth in Chinese retail market while the number of AFZ’s key partners rises to 48.

  • Bahrain invites bids for BIA Cargo Express Village project

    The request for proposal has come from the Bahrain Airport Company, with the deadline for submitting the bids being September...

    The work includes the construction, testing, and commissioning of Phase 1-A of the Cargo Express Village

    Bids will be open to only Grade A and Grade AA building contractors registered with the Bahrain’s Ministry of Works

  • Dubai Economy issues 3,243 trader licenses in H1

    Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.

    Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.

    Males account for 63 percent of the licenses issued and IT tops the list of activities.

  • Aramco net income rises to $25.5 billion in Q2

    Higher oil prices and a recovery in demand, easing of COVID-19 curbs, vaccination campaigns, stimulus measures, and accelerating activity in...

    The company announces a dividend of $18.8 billion.

    Higher oil prices and a recovery in worldwide demand, easing of travel restrictions drive the rise in income.

  • MG Cars unveils first ever all-electric SUV in Qatar

    The electric car is capable of travelling for 335km NEDC on a single battery charge

    Stylish, compact SUV is first pure electric model from MG in the Middle East

    The electric car is capable of travelling for 335km NEDC on a single battery charge

  • Retail coffee prices rise as frost hits Brazil produce, freight costs go up

    Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months

    The Covid-19 which caused shipping logjams has also contributed to cost escalation by pushing the freight costs to record levels

    Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months

  • Aramco likely to post bumper profit for Q2

    Aramco is expected to post a bumper profit for the second quarter of this fiscal on the back of high...

    Bank of America predicts a net profit of $24 billion in the second quarter, up 16 percent from the previous three months

    JPMorgan estimates $23.7 billion, while Alrajhi Capital is expecting Aramco to report $25.3 billion

  • SVC provides 75 startups with nearly $250m

    Saudi Venture Capital Company (SVC) has funded nearly 75 startups since its birth in 2018, providing them with about $250...

    SVC has $750 million to invest and has deployed around $250 million thus far: CEO Nabeel Koshak

    The company is currently focusing on sectors that lack funding, such as the health and industrial sector: Koshak

  • Saudi Arabia gets a pat on the back from US

    Saudi Arabia has received warm praise about its improved rankings on a number of global lists from the US State...

    It highlights the great progress made by the kingdom in its ‘investment and business climate’ over the past two years

    Efforts to provide more jobs for Saudis and diversify the economy raised some concerns in the annual Investment Climate Statements

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