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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.

UAE enters into cooperation with Indonesian sovereign fund

File picture of Jakarta business district in Indonesia.
  • The investment framework agreement was signed with the Abu Dhabi Growth Fund
  • It made a $10-billion investment in the Indonesian sovereign wealth fund in March, according to a statement on Saturday by the Indonesian Investment Authority

The United Arab Emirates and Indonesia’s State Wealth Fund has signed a new agreement to allow funds from the former to invest in a variety of high-yielding financial products, according to media reports.

The investment framework agreement was signed with the Abu Dhabi Growth Fund which made a $10-billion investment in the Indonesian sovereign wealth fund in March, according to a statement on Saturday by the Indonesian Investment Authority (INA).