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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.

Turkish discovery of gas in Black Sea to raise EU production capacity by 25%

  • The natural gas field will provide nearly a third of Turkey’s domestic needs by 2027
  • The initial production from the new field will be 3.5 billion cubic meters of gas annually starting from 2023

Following the discovery of gas by Turkey in the Black Sea, the European Union’s gas production capacity is likely to increase by 25 percent.

According to the media reports the natural gas field will provide nearly a third of Turkey’s domestic needs by 2027. The media reports quoted the country’s Energy Minister Fatih Donmez saying that the initial production from the new field will be 3.5 billion cubic meters of gas annually starting from 2023.