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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 green bonds and sukuk issuances touch US$4.20bn

    According to Mohamed Ali Al Shorafa, Chairman of the SCA Board, the issuance of green bonds and Sukuk is one...

    The chairman of the SCA board applauded the UAE for its commitment to sustainability

    He highlighted the SCA's decision to exempt companies wishing to list from registration fees

  • EasyLease buys 60% stake in Fully Charged

    Fully Charged has expertise in EV charging technology.

    The move marks a significant step for EasyLease, reinforcing its presence in the sustainable mobility sector and establishing a role in the industry's development

    A suite of services, covering home charger installations, corporate charging solutions, and reliable ongoing support, has been instrumental in the success of Fully Charged

  • TikTok announces online shop deal

    Indonesia is TikTok's second-largest global market.

    Indonesia in September banned sales on social media to protect small businesses that were losing out to e-commerce giants

    With 125 million users, Indonesia is TikTok's second-largest global market after the United States, according to company figures

  • Doha Forum debates advantages in Gulf-Europe green ties

    Doha, Qatar-- Oil and gas producers in the Middle East are assessing "challenges and opportunities" available for their economies to...

    The discussion focused on opportunities for green cooperation between the Middle East and Europe, and the importance of enhancing the cooperation

    The session highlighted opportunities this transformation provides for both regions, such as diversifying their economies and stimulating development cooperation

  • COP28 focused on achieving balanced package in negotiations: Majid Al Suwaidi

    Dubai, UAE-- The COP28 Presidency is focused on achieving a balanced package in the negotiations, according to Ambassador Majid Al...

    Al Suwaidi said that food systems are very exposed to the effects of climate change, and "COP28 is proud to be elevating them to the highest level of discussions"

    According to the COP28 director general, the global community has raised $2.5 billion to support the food-climate agenda during the World Climate Action Summit

  • Cloud security challenges haunt firms in UAE and KSA

    Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals...

    Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals a latest study by Illumio.

    Organizations have been advised to adopt robust security measures, including Zero Trust Segmentation, to protect against emerging cyber threats.

  • NDMC secures syndicated international loan worth $11bn

    Riyadh, Saudi Arabia -- The National Debt Management Center (NDMC) completed the arrangement of a syndicated international loan worth $11...

    A total of 14 international financial institutions from Asia, the Middle East, Europe, and the US participated in the 10-year loan.

    The success of this loan arrangement proves the Kingdom’s proactive trends to provide financing resources that achieve economic growth and diversification, NDMC said.

  • NEOM launches ‘Topian’ to ensure climate-proof agriculture in Saudi

    NEOM, Saudi Arabia: NEOM, a mega-city project in Saudi Arabia characterized by futuristic urban planning and advanced technologies, Sunday announced the...

    Topian has been launched with the support of the Saudi Ministry of Environment, Water and Agriculture (MEWA).

    Topian has signed numerous local and international strategic partnership agreements with organizations that share Topian’s commitment to reshaping the future of food.

  • ENEC signs MoU with Egypt

    They will explore to advance the use of nuclear energy.

    The UAE's nuclear body is focused on strategic investments, research and development, and innovative approaches to cater to the need for clean energy sources

    It is cooperating with local stakeholders to determine deployment pathways, and with international partners for both technology and project collaboration opportunities

  • Regenerative business models keep UAE ahead globally

    With 57% of C-suite executives in the UAE prioritizing regenerative models, the country is leading the global shift towards sustainable...

    With 57% of C-suite executives in the UAE prioritizing regenerative models, the country is leading the global shift towards sustainable and regenerative business practices.

    This trend, especially notable in the retail and energy sectors, marks a significant paradigm shift in how businesses approach sustainability and societal impact.