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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.

  • EDGE bags AED11 bn contract to service UAE Air Force

    For the first time in the company’s history, the three-year AED11 billion PBL contract will see GAL support the AFAD...

    For the first time in the company’s history, the three-year AED11 billion PBL contract will see GAL support the AFAD with their operational readiness

    The agreement reinforces GAL’s position as one of the Middle East’s leading providers of aviation MRO services and will also streamline AFAD’s processes

  • MAWANI signs MoU to build cruise terminal at Dammam port

    The Saudi Ports Authority (MAWANI) has signed an agreement with Cruise Saudi and Globe Group to build a new cruise...

    New terminal expected to boost the kingdom's tourism sector along the coastlines.

    The agreement with Cruise Saudi and Globe Group elevates Saudi Arabia’s position as a leader in the cruise industry, said President MAWANI.

  • Tawazun, Airbus to establish new Abu Dhabi subsidiary

    The MoU comes as part of Tawazun’s endeavors to attract long-term partnerships with leading defense and security, aviation and aerospace...

    The MoU comes as part of Tawazun’s endeavors to attract long-term partnerships with leading defense and security, aviation and aerospace manufacturing companies

    According to the MoU, Tawazun and Airbus will explore potential cooperation opportunities in the areas of refueling solutions for Military Air Systems, Unmanned Aerial Systems etc

  • L’Oréal Middle East taps Accenture

    Accenture will help L'Oréal Middle East improve its consumer experience.

    Accenture Interactive is expected to use its expertise in data-driven marketing transformation for L'Oréal Middle East

    This, L'Oréal said, will help it develop a more precise and connected approach to increase consumer engagement in the GCC region

  • Epic Games pulls Fortnite from China

    Fortnite’s Chinese test version was released in 2018, but it never got the permission to be formally launched and monetized.

    Epic had announced two weeks ago that it would shut down the Chinese version of the game on November 15

    It noted back then that ‘Fortnite China's Beta test has reached an end,’ and that servers would be closed

  • ADGM meet promises development

    This was the first meeting of ADGM’s new Board of Directors.

    The board members reiterated their commitment to progressing ADGM’s growth journey, and strengthening the financial sector

    They said they were also looking to attract global companies and investments, and develop a business environment underpinned by innovation

  • Abu Dhabi adds 11 new activities to list of Freelance Professional License

    The license allows Abu Dhabi citizens, residents, and non-residents to conduct commercial activities from anywhere in the world.

    To obtain the license, the applicant must have a minimum of three years of experience in the specific field or industry

    Alternatively, they are expected to have earned an academic or professional achievement in that field

  • Value via sustainability gives firms an edge

    A sustainability-focused company strategy boosts brand value and efficiency, matches customer demands, attracts top personnel, and opens new doors.

    A McKinsey Global Survey reveals that organizations can become sustainable simply by adopting a set of management strategies

    As per the respondents, organizations are now also likelier to prioritize sustainability and define specific goals and objectives

  • Emaar property sales at $5.7bn

    Emaar Development sales were AED20.943 billion in Jan-Sept 2021.

    The $5.7-billion property sales revenue was said to be an increase of 382 percent compared to the first nine months of 2020

    The build-to-sell property development business is majority-owned by Emaar Properties

  • Israeli weapons-maker Elbit Systems launches UAE venture

    Israeli weapons-maker Elbit Systems launched a new venture in the United Arab Emirates on Sunday, an announcement that comes ahead...

    Elbit Systems is the manufacturer of the Hermes armed drone and cutting-edge surveillance technology.

    Israeli air force commander Amikam Norkin was in the UAE over the weekend to attend the Dubai Airshow

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