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stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

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.
  • ADNOC-Tabreed G2COOl opens

    G2COOL is the first geothermal energy cooling plant in the Gulf region.

    The G2COOL plant produces naturally occurring hot water found underground through two geothermal wells.

    The hot water is fed into absorption cooling technology to produce the chilled water needed by Tabreed for its district cooling activities.

  • PwC to set up blocks preventing exam cheating after $7 mn fine

    The Public Company Accounting Oversight Board (PCAOB) imposed the penalty on the China and Hong Kong offices of the "Big...

    The risk was that around 200 Chinese companies such as e-commerce giant Alibaba could be ousted from US stock exchanges if they did not comply with American standards

    PCAOB chair Erica Williams said the board was on track to inspect all Hong Kong and mainland China firms that audited US-listed companies by the end of 2024

  • Masdar, EDF to develop up to 3.6GW of hydropower, renewable projects in Kyrgyzstan

    Dubai, UAE – Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, and EDF have signed an agreement...

    The Kyrgyz Republic has set a target of reducing greenhouse gas emissions by as much as 44 percent by 2030, and achieving carbon neutrality by 2050

    Central Asia is a significant emerging market for Masdar which has several agreements to develop solar and wind projects in the region

  • Ready to work with developing nations for green future: China

    Chinese Vice Premier Ding Xuexiang said his country has promoted the targets for carbon peak and carbon neutrality, adding that...

    The vice premier called on the G77 and China to further speak with one voice and uphold common interests

    He urged all to promote sustainable development, a new path of coordination between development and protection

  • UAE and Turkmenistan pledge to ramp up ties ‘in all fields’

    Dubai, UAE-- The UAE and Turkmenistan have agreed to enhance bilateral ties in all fields, particularly in the development sectors,...

    The leaders of the two countries reviewed ways to ramp up bilateral ties between the UAE and Turkmenistan in all fields

    They discussed the COP28 agenda and its role in bolstering international action to address the phenomenon of climate change

  • Alaska Airlines to buy Hawaiian Airlines

    Based in Seattle, Alaska Airlines serves the western US.

    Both brands will continue to exist under the terms of the agreement, which could take up to 18 months to finalize

    The combined airlines would have a fleet of 365 narrow and widebody aircraft and reach 138 destinations

  • Net-zero targets must include fossil fuel ‘phase-out’: monitor

    According to a new report from Net Zero Tracker, at least 150 countries have committed to a net-zero emissions target...

    The report looked at nations, cities and large companies committed to any kind of net-zero target

    African and European companies were relatively well represented in the phase-out plans

  • Masdar, PLN push to build world’s largest floating solar plant

    Dubai, UAE -- Abu Dhabi Future Energy Company (Masdar) has signed agreements to collaborate with Indonesia’s state-owned utility company, PLN,...

    The partnership has already resulted in the launch of Southeast Asia’s largest floating solar power plant, the innovative 145-megawatt (MWac) (192MW peak) Cirata project.

    In September, Masdar and PLN signed an agreement to develop Phase II of the Cirata plant to triple capacity by up to 500MW.

  • Presight AI, Samruk-Kazyna launch JV

    The partnership aims to accelerate digital transformation in Kazakhstan.

    Revealed at COP28, the venture aims to deploy advanced AI and big data solutions.

    Energy, public services, and transport in Kazakhstan to benefit from big data analytics.

  • WhatsApp update allows posting status updates via Instagram

    Washington, United States -- The instant messaging platform WhatsApp launched a new update that includes an optional feature that allows...

    This feature will be available in a future update to the application through its beta program within the Google Play Store.

    WhatsApp is also working on an improved posting feature to make it compatible with Instagram, scheduled for a future release, QNA reported.