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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.
  • Software solutions that minimize cost overruns, delays in construction  

    Project management software solutions have emerged as essential tools to streamline construction operations, enhance efficiency, and improve project delivery. They...

    The construction project management software solutions market reched US$17 billion in 2024

    Leveraging digital tools can lead to 10-20 percent savings on overall project costs

  • Step into the future of sustainable smart city development

    Pavegen, a global kinetic energy company, unveiled its innovative “Solar+” tile in Dubai. This tile harnesses the power of movement,...

    Pavegen tiles have harnessed the power of over 1 billion footsteps in smart cities

    The company aims to bring the price down to sub US$1,000 per sqm in the future

  • UAE firms accelerate AI transformation, new report finds

    The real power of AI lies in its careful deployment across diverse business functions, and the UAE is primed for...

    The AI Maturity Index shows that more than 80 percent of enterprises have a shared vision for AI within their organizations

    Only 15 percent have reached a 'transformative' level of AI maturity

  • Samsung reshuffles leadership amid challenge in AI chips

    Seoul, South Korea - Samsung Electronics reshuffled its leadership on Wednesday as it looks to gain an edge in the production...

    On Wednesday it tapped vice-chairman Jun Young-hyun to lead its memory business and appointed Han Jin-man as the new boss of the chip foundry division

    The reshuffle aims to "strengthen the company's growth and future competitiveness, focusing on the semiconductor business", Samsung said in a statement

  • Boeing CEO says company can’t afford another mistake: report

    Boeing CEO Ortberg told workers a trade war with China would weigh heavily on Boeing. The meeting came about two...

    New CEO Kelly Ortberg said a trade war with China would weigh heavily on Boeing

    On October 12, Boeing unveiled plans to reduce its global workforce by 10 percent

  • Iraq holds its first census in nearly 40 years

    The Iraqi census is scheduled for Wednesday and Thursday, and will provide sorely needed up-to-date demographic data for the country...

    A count conducted in 1997 excluded the three northern provinces that make up the autonomous Kurdistan region

    Demographics are likely to have shifted with the exile of hundreds of thousands

  • Xi, Biden in Peru for APEC summit, pre-Trump face-to-face

    uncertainty over Trump's next moves now clouds the APEC agenda -- as it does for the COP29 climate talks underway...

    President Vladimir Putin of APEC member Russia will not be present

    Trump has threatened tariffs of up to 60 percent on imports of Chinese goods

  • TikTok makes AI driven ad tool available globally

    San Francisco, United States - TikTok on Thursday began letting all marketers on its platform use an artificial intelligence-powered tool for...

    The news came with word that Getty Images will make its stockpile of pictures and video available to TikTok's AI‑powered video generation tool called Symphony Creative Studio

    Brands will be able to use Getty's licensed images and videos to create AI-generated ads, including marketing messages featuring characters resembling real people

  • Data Integrity: The foundation of true data freedom

    Ensuring data integrity has become more challenging, leaving organizations at risk of data loss and corruption. during migration

    Organizations must liken preparing for migration to how pilots train to resolve the unexpected

    Data freedom is about ensuring data remains accurate, secure, and usable during migrations

  • US Fed expected to look beyond Trump win and cut rates again

    The labor market has remained resilient, despite a sharp hiring slowdown last month due to adverse weather conditions and a...

    Fed policymakers are expected to focus instead on the health of the US economy

    Their favored inflation gauge eased to 2.1 percent in the 12 months to September