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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.
  • Tarjama sells stake to French firm

    French fund manager Amethis has bought a minority stake in the UAE-based firm.

    The investment, for an undisclosed amount, will fund growth “across the region's main markets”

    Paris-based Amethis is investing through its Amethis MENA Fund II, which raised $101 million in July

  • High packages may help GCC in talent hunt

    Global employment, which was severely affected by the pandemic, is beginning to rebound as economies reopen. The UAE, which was...

    There is a growing competition for the local talent also, necessitating re-evaluation of salary packages.

    Working from home is here to stay, and many candidates are increasingly asking about this flexibility.

  • Dubai Free Port: A super vault for VIP travellers, HNWIs

    The super vault presents a variety of top custody and security services. It features automatic robot-driven, safe-deposit boxes, medium and...

    Mohammed Bin Rashid Aerospace Hub commissioned Athena Security to develop the project on 17,000 square-metre plots adjacent to the VIP Terminal in Dubai South

    Athena partnered with Leading Swiss Premium Vault to lend its expertise in quality, security and compliance to the project.

  • OXAGON, largest floating industrial complex in the world, launched in Saudi Arabia

    The project forms the next phase of NEOM’s master plan and represents a radical new model for future manufacturing centers.

    The project forms the next phase of NEOM’s master plan and represents a radical new model for future manufacturing centers

    OXAGON will establish the world’s first fully integrated port and supply chain ecosystem for NEOM

  • Emirates Islamic lists US$500m sukuk

    The five years’ benchmark issuance, rated A+ by Fitch Ratings, was priced at 2.082%.

    The issuance will further support Emirates Islamic’s business expansion plans

    The listing strengthens Dubai capital market's status amongst the leading Sukuk listing venues globally

  • Dubai launches five-year multi-entry visa for MNCs

    The visa will enable MNC employees to participate in events, conferences, training courses, exhibitions and similar activities hosted in the...

    The visa allows them to stay in the UAE for 90 days, with the option of extending their stay for another 90 days.

    Between January and September 2021, Dubai received around 3.85 million international visitors.

  • Monshaat attends franchise forum to promote Saudi brands globally

    Saudi Arabia's General Authority for Small and Medium Enterprises (Monshaat), represented by the Commercial Franchise Center (Emtiyaz), is participating at...

    The two-day International Franchise Forum in Dubai will provide 10 Saudi brands opportunity for expansion.

    Emtiyaz, which represents Monshaat, is tasked with supporting and empowering local brands.

  • Sanad secures $100m loan from FAB

    The revolving credit facility deal was signed during Dubai Airshow.

    Sanad said its relationship with FAB is now 10 years old and the two companies have seen over $950 million worth of agreements.

    The various financings have been extended in support of Sanad’s global spare engine leasing and component access portfolios.

  • CBK plans $794 million bonds

    The issue's maturity period is six months, with a return rate of 1.250 percent.

    The issue's maturity period is six months, with a return rate of 1.250 percent

    The CBK had issued bonds and tawarruq worth 160 million Kuwaiti Dinars at the beginning of this month, with a return rate of 1.125 percent for a six-month maturity

  • Iraq to scale up oil exports to 3.4 million barrels a day in Q1 2022

    Iraq is expected to scale up its oil exports to 3.4 million barrels per day in the first quarter of...

    The minister was speaking at the the Defense University for Higher Military Studies, stressing the role of the oil and gas industry in supporting the national economy

    "Oil sector companies are working on a planned strategy to develop oil fields, optimize gas investment and use modern technology in manufacturing and refining"

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