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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.

US gears up to sell 18 military choppers to Israel for $3.4 billion

    • The deal would mean the choppers would be fitted with 60 T408-GE-400 Engines

    • They would also have a mix of communications equipment, GAU-21 .50-caliber machine guns, and mission systems

    The US State Department has given its nod to the sale of 18 military helicopters to Israel, in a deal that is potentially valued at $3.4 billion.

    All 18 choppers are Sikorsky CH-53K King Stallion heavy-lift helicopters, said the reports.

    This apparently comes amid heightened demands from Tel Aviv for more American weaponry.

    The deal would mean the choppers would be fitted with 60 T408-GE-400 Engines and a mix of communications equipment, GAU-21 .50-caliber machine guns, and mission systems, said the local reports.

    US firm Lockheed Martin is said to be the prime supplier of the weaponry for the deal.

    Pentagon’s Defense Security Cooperation Agency notified the US Congress of the helicopter deal on Friday

    It said in the notification statement: “The United States is committed to the security of Israel, and it is vital to US national interests to assist Israel to develop and maintain a strong and ready self-defense capability.”

    Israel’s Military chief Benny Gantz was cited by local media saying about the deal that it was “essential” for the regime’s military forces “to carry out a wide range of operational activities.”

    This comes almost simultaneously with the news that Israel-based Rafael will develop a laser defense system with Lockheed Martin.

    While that system is expected to be built primarily for Israel, their contract contains language that experts say could enable them to market it in the US as well.