Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

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.

  • Nokia sees ‘challenging’ 2024

    Last year, the company reported a profit of $739 million.

    Nokia and its Swedish rival Ericsson have launched cost-cutting programmes as their customers have reduced spending amid a slowing global economy.

    Nokia said last year it could cut its workforce by up to 14,000 people, reducing costs by up to 1.2 billion euros by 2026

  • Emirates Islamic profit rises 71%

    The Bank’s total income reached AED 1.2 billion ($326.69 million)

    The growth can be attributed to the upward trajectory of both funded and non-funded income, indicating enhanced business sentiment

    The Bank’s total income reached AED 1.2 billion ($326.69 million) in the fourth quarter of 2023, marking a noteworthy 24% year-on-year growth

  • SK Hynix posts US$259.4m profit

    The chip maker said the profit was boosted by strong sales.

    The company said it returned to profit after four consecutive quarters of losses driven by demand for chips used in AI

    The chip maker posted a quarterly profit in Q3 of 2022, after which it was hammered by an industry-wide downturn

  • DMCC launches global trade roadshow in London to attract FDI from UK

    Dubai, UAE--DMCC has kicked off the ninth edition of its global trade roadshow, Made For Trade Live, in London, seeking...

    During the four quarters to the end of Q2 2023, the UAE-UK bilateral trade grew 47.3% year-on-year to reach $32.40 billion

    In 2023, more than 200 British companies joined DMCC’s business district alone, representing a 10% year-on-year growth

  • Innovations, investment spur UAE lab equipment surge

    Driven by a growing population, the prevalence of chronic diseases, and significant government investments, the UAE's laboratory equipment market is...

    Driven by a growing population, the prevalence of chronic diseases, and significant government investments, the UAE's laboratory equipment market is set to hit $1.5b by 2027.

    Technological innovations in diagnostics play a key role in this dynamic landscape, setting the UAE's healthcare sector on a path of transformative growth, say a latest report.

  • UAE MoD ink deals worth $517m in first two days of UMEX and SimTEX 2024

    ABU DHABI, UAE - On the second day of the sixth edition of UMEX and SimTEX 2024, the accumulated value...

    The second day of the event witnessed announcement of five deals signed by the Tawazun Council.

    The total number of local contracts on the second day of UMEX and SimTEX 2024 reached five contracts.

  • Hub71-backed ABHI to set up global headquarters in Abu Dhabi

    DUBAI, UAE - With support from the Abu Dhabi Investment Office (ADIO), Hub71-backed ABHI, an embedded finance platform founded in...

    ABHI is working with Abu Dhabi Investment Office as it scales up its operations to capture growth opportunities in emerging markets.

    ADIO provides a range of support to the FinTech company, including incentives and connections to the Abu Dhabi ecosystem.

  • Milrem and UAE sign world’s biggest defense robotics order

    Abu Dhabi, UAE - EDGE Group entity Milrem Robotics signs a contract to supply 20 tracked robotic combat vehicles (RCVs)...

    Milrem will supply 20 tracked robotic combat vehicles (RCVs) and 40 THeMIS unmanned ground vehicles (UGVs) to UAE Ministry of Defense.

    Milrem Robotics will also provide comprehensive training and supervision to ensure the relevant personnel.

  • Dubai wins right to host 349 business event in 2023

    DUBAI, UAE - Dubai consolidated its status as a central hub for international business events in 2023, with the city...

    Driven by Dubai Business Events, the wins reflected a robust 49 percent increase in successful bids compared to 2022.

    DBE brought a citywide offering to the global market that resonated with the core needs of the business events industry.

  • ADNOC Drilling begins use of hybrid rigs

    The rigs use high-capacity battery to reduce emissions.

    In 2023, the company acquired 16 such rigs for a combined $327 million investment.

    The remaining 14 newbuild rigs are expected to join ADNOC Drilling’s operational fleet progressively throughout the year.