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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.

Saudi state media companies to move from Dubai to Riyadh

  • The decision follows an earlier Saudi move to stop giving state contracts to companies and commercial institutions with Middle East headquarters in any other country
  • According to reports, Al-Arabiya and Al Hadath TV channels have informed their employees that they plan to broadcast 12 hours a day from Riyadh by next January

Saudi state-owned media companies will move staff this month from Dubai to Riyadh, as Crown Prince Mohammed bin Salman pushes for the kingdom to become a regional capital of commerce in the Arab world, media reports said.

The decision follows an earlier Saudi move to stop giving state contracts to companies and commercial institutions with Middle East headquarters in any other country in the region.

According to Reuters, Al-Arabiya and Al Hadath TV channels informed their employees this week that they plan to broadcast 12 hours a day from Riyadh by next January.

It could take them up to two years to complete the relocation.

A newly created television news channel, Al- Sharq News, as well as MBC Group, the Middle East’s largest media company, are also mulling moves to Riyadh.

Dubai Media City, the UAE’s media hub, houses hundreds of media company headquarters.