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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.
  • Bahrain Q4 2023 imports increase to US$3.92bn

    MANAMA, BAHRAIN - The Information eGovernment Authority (iGA) has published its foreign trade report of Bahrain for Q4 2023, covering...

    The top 10 countries accounted for 69 percent of Bahrain's total export value.

    The value of exports with national origin was of $2.89 billion during Q4 2023.

  • Alef Group announces US$84m sales transaction at ACRES 2024

    SHARJAH, UAE - Alef Group concluded its participation in the ACRES Real Estate Exhibition 2024 with resounding success, generating significant...

    ACRES Exhibition is a unique global Arab platform which brings together major investors and businessmen.

    This is evident in the success achieved by the ACRES over its successive sessions since its launch in 2008.

  • ACRES 2024 concludes, deals worth $381 million inked

    Sharjah, UAE -- Real estate deals worth more than AED 1.4 billion ($381 million) were inked at ACRES 2024, organized...
  • Threat of AI-powered phishing is on the rise

    "Technologies such as Generative AI presents new security challenges. The rise of automated spear phishing necessitates reevaluating our trust heuristics....

    Generative AI is driving a surge in sophisticated spear phishing, automating attacks via social media scraping and credential stuffing, transforming the cybersecurity landscape.

    The emergence of tools like WormGPT and FraudGPT on the dark web, coupled with cybercrime's ranking as the world's third-largest economy, is fueling innovative phishing techniques.

  • Alhokair Group wins $202m contract

    Alpha Facilities Contracting Company has awarded the contract.

    The contract was awarded a project by Alpha Facilities Contracting Co., an affiliate of Al Fanar Group, to provide catering services at a residential complex in NEOM.

    It is expected that the financial impact of this partnership will begin as of Q1 2024, which will contribute to strengthening the group’s business.

  • Fit at 40: the revolutionary Apple Mac in numbers

    Paris, France - Forty years ago Steve Jobs revolutionised personal computing by launching the Apple Macintosh, the first PC with a...

    The first Mac came with 128 kilobytes of memory space, one million times less than top-of-the-line MacBooks today

    Apple paid a whopping $800,000 ($2.5 million in today's money) to air the one-minute ad, seen by 77.6 million TV viewers

  • Do Kwon’s Terraform Labs files for US bankruptcy

    Kwon, who co-founded Terraform in 2018, was arrested last year in Montenegro and is awaiting extradition to the United States...

    Kwon faces fraud charges in both countries related to the crash

    According to the filing, Kwon holds 92 percent of Terraform's shares

  • SABIC to build petrochemical plant in China

    The Saudi giant will develop the US$6.4bn plant in Fujian.

    SABIC will own 51% of the project and Fujian Fuhua Gulei Petrochemical Co. Ltd. will have 49% ownership of the joint venture

    The company said that the complex will consist of a mixed feed steam cracker with an annual ethylene capacity of up to 1.8m tons

  • Sony ends merger deal with Zee

    It pulled out of the US$10bn merger of its Indian operations.

    According to media reports, Sony had sent a termination notice to Zee and that a formal announcement was expected soon

    The reports said that Sony cited conditions of the merger agreement not being met as the reason for the decision

  • Qatar Chamber discusses ways to boost ties with Korean companies

    Doha, Qatar--The Qatar Chamber (QC) discussed ways to enhance cooperation and exchange expertise with Korean companies in agriculture and food...

    The discussion between the chambers and Hyundai Research Institute (HRI) centered upon ramping up ties in the agriculture sector

    A chamber official emphasized the status of Qatar as a leading investment destination and how it can become a hub for food security