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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.
  • SHUAA’s insurance assets grow to $136m

    The firm expects the assets to reach $500m within three years.

    SHUAA has managed the equity and debt portfolios of five major insurance firms.

    The company is focused on strategically growing its insurance assets under management, said MD SHUAA.

  • Pfizer lifts 2021 forecasts, sees $36bn in Covid vaccine sales

    Pfizer again lifted its 2021 profit and revenue outlook on Tuesday, bolstered by the latest surge in Covid-19 vaccinations, including...

    The drug maker now expects 2.3 billion dosage deliveries of the Covid-19 vaccine in 2021

    Pfizer said higher forecast 2021 results reflects the boost from the Covid-19 vaccine, as well as the performance of Pfizer's broader business

  • 50 Dutch companies arrive in UAE: Water, food, energy on agenda

    Representatives of 50 Dutch companies, led by the Dutch Minister for Foreign Trade and Development Cooperation Tom de Bruijn, arrived...

    More than 350 companies operate in the UAE and use the Emirates as a base for the Gulf region.

    More than 350 companies operate in the UAE and use the Emirates as a base for the Gulf region.

  • Theft of data worries UAE and Saudi residents, says study

    Ding launched the second Ding Global Prepaid Index (GPI)in the United Arab Emirates and Saudi Arabia.

    45% of UAE respondents fear data being collected, 37% in KSA

    75% of UAE respondents say they have low trust in social media platforms

  • Sharjah Chamber and Kazakhstan to explore investment opportunities

    The Sharjah Chamber of Commerce and Industry (SCCI) and Kazakhstan have discussed ways of benefiting from promising investment opportunities in...

    The chamber recently participated in the "Nur-Sultan Investment and Tourism Forum" organized by Invest in Nur-Sultan Office at Expo.

    Chamber's participation in the forum shows its keenness to explore business avenues abroad, said Abdullah Sultan Al Owais, Chairman of the SCCI.

  • Experts weigh in on Facebook rebranding to Meta

    Facebook is currently facing a lot of flak for accusations of bias, and leaked internal documents back them up.

    Facebook has a long history of criticism about users' privacy the content it views

    Today's scandals differ from past instances in the papers leaked from within the corporation

  • UAE’s ADNOC reinstates full oil supplies in Dec

    It will be the first time since the oil price crash in the second quarter of last year when the...

    It will be the first time since the oil price crash in the second quarter of last year due to the COVID-19 pandemic that ADNOC has not implemented any supply cuts

    Brent crude futures gained nearly 60% since the beginning of the year to hit a near three-year high on Monday

  • Jazeera Airways posts $39m profit

    The airline registered a net profit of KD 11.8 million in the Q3.

    Number of passengers flown in Q3 increased by 361.8% to 302.9 thousand

    Jazeera chairman says that there will be growth in the network in near future

  • DFM to list 10 new firms

    Dubai aims to increase its market volume to AED3trn.

    The Dubai Financial Market has listed 10 government and state-owned companies

    The announcements came during the first meeting of the Securities and Exchange Higher Committee

  • JNTO opens its first office in Dubai in bid to draw more GCC tourists

    Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of...

    Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of them from the Middle East

    As many as 28222 tourists visited Japan from the GCC in 2019, marking an increase of 28 percent from last year

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