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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.
  • Over 105m people visit Dubai Mall in 2023

    DUBAI, UAE – Dubai Mall welcomed a record 105 million visitors in 2023, a jump of over 19 percent on...

    Figures also showed a staggering 20 million people visited the mall in the first two months of this year alone.

    The mall's events and promotions in 2023 and the beginning of 2024 were a key driver of its foot traffic.

  • Asian markets mostly down as China sets 5 percent growth goal

    Hong Kong, China - Asian markets largely fell on Tuesday after China set an ambitious five percent annual growth target and...

    Tokyo finished flat, a day after Japan's benchmark Nikkei index hit a record high, closing above 40,000 points for the first time.

    Sydney, Seoul, Mumbai, Jakarta, Bangkok, Singapore, Manila and Kuala Lumpur were down, while Taipei and Wellington were up.

  • Tesla stops production at German plant after suspected arson attack

    Michael Stuebgen, interior minister for Brandenburg state, said that "if initial findings are confirmed, this is a perfidious attack on...

    Emergency services were called to reports of a burning electricity pylon southeast of Berlin in the early hours, in the area the factory is located

    But it knocked out power to the Tesla factory, as well as surrounding villages, and police have launched an investigation into suspected arson

  • TECOM 2023 net profit $299m

    Revenue in 2023 grew by 10 percent YoY to $599 million.

    The approved cash dividend payment is in line with the dividend policy set out in the IPO prospectus

    TECOM Group committed to paying a dividend amount of $217 million per annum through September 2025.

  • Food dispatch app Uber Eats launches robot deliveries in Tokyo

    Uber Eats' boxy robots have square headlights for eyes and three wheels on each side to navigate kerbs as they...

    Starting Wednesday, robot deliveries will be offered in a small area of the city by the US-based food app, which hopes to eventually roll out the service more widely in Japan

    Japan changed traffic laws last year to allow delivery robots on public streets and other companies including Panasonic are also trialing cute new machines to transport goods

  • ADNOC partners with Viola Communications

    They will utilize outdoor media-leasing spaces for advertising.

    Viola will set up and operate outdoor media advertising solutions on ADNOC assets in strategic locations across the capital

    The company's diverse assets are expected to boost the local business ecosystem and introduce innovative revenue streams

  • JetBlue, Spirit Airlines cancel merger

    Earlier, a federal judge ruled it violated US antitrust law.

    Shares of Spirit slumped 14.5 percent in early trading Monday, while JetBlue rose 3.9 percent

    Spirit said it has enlisted advisors on efforts to refinance and reduce debt payments

  • UAE F&B sector set to soar, projected to reach $20bn in 2024

    Dubai, UAE - The UAE’s foodservice market is poised to reach $19.98 billion in 2024, with further projections indicating a substantial...

    The report emphasizes the robust expansion of the F&B sector, forecasting a compound annual growth rate (CAGR) of 17.09%

    Fine dining is experiencing substantial growth with annual increases of almost 20% in Dubai and 33% in Abu Dhabi

  • American Airlines orders 260 jets

    It is part of the airlines' effort to 'modernize' its fleet.

    The airline said in a statement that the order comprises 260 new planes, plus options for an additional 193 aircraft

    Its CEO said the airline has invested heavily to modernize and simplify its fleet, the largest among US network carriers

  • Middle East commercial aircraft services market to grow to US$28bn

    Abu Dhabi, UAE--The MENA region's commercial aircraft services market will more than double in value by 2042, according to Airbus’...

    Dubai and Abu Dhabi are among five of the world's largest aviation cities in the Middle East, serving more than 10,000 long-haul passengers per day

    The regional expansion will surpass the global average growth of 3.6 percent, and register a 4.4 percent average annual growth by growing to $28bn