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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.

AI, learning models can’t replace human creativity

“AI, Web3 and NFTs have opened new markets. We must embrace and seize the opportunity. As artists, it provides us...
  • The rise of Web3 and NFT photography, along with AI and deep learning models, are transforming the landscape of photography and the creative industry at large, says an expert
  • As artists, it provides us with new avenues for monetising our work and reaching new audiences. It's crucial that we address the security concerns, adds another expert at Xposure

Israeli excavation may wipe out Jerusalem’s Mughrabi quarter

The only indication of the Western Wall plaza's North African heritage is a Moroccan flag, flying discreetly in a nearby...
  • The Moroccan quarter was demolished by Israeli forces after they captured east Jerusalem in the 1967 Six-Day War.
  • Some stone remains which were discovered during excavations, appeared to have been removed and the area was covered up once more.

Egyptians hope to bag bargains at Arab world’s largest book fair

Cairo, Egypt---Thousands of Egyptian bibliophiles weave through a labyrinthine display of books, reviving an annual tradition at the Arab world's largest...
  • The 54th Cairo International Book Fair was overshadowed by a punishing economic crisis that has seen Egypt's currency halve in value and prices skyrocket in the past year.
  • To incentivize readers, Egypt's publishers' association has encouraged sellers to give the option of buying books in instalments through popular buy-now-pay-later services.

UAE creates a sustainable ecosystem to further enhance understanding of space, says astronaut

He was speaking at an event hosted by Mohammed Bin Rashid Space Centre, where the details of the second crewed...
  • The Mohammed Bin Rashid Space Centre has revealed details of the second crewed mission of the UAE Astronaut Programme to the International Space Station
  • Sultan AlNeyadi is the prime astronaut while Hazzaa AlMansoori is a backup crew of the mission scheduled for launch on February 26

KSA, UAE play well as e-gaming trends across GCC

The gaming markets in Saudi Arabia, the UAE and Egypt is expected to be worth $3.14bn by 2025, according to...
  • The gaming markets in Saudi Arabia, the UAE and Egypt is expected to be worth $3.14bn by 2025, according to California-based market research and consulting firm Niko Partners
  • By 2025, the GCC will contribute roughly 1.5 percent of the income generated by the global gaming sector as the industry is anticipated to grow at a CAGR of 22.5 percent

Saudi Arabia wins seat on FIFA Council; Qatar gets a position too

Saudi Arabia has won a seat on FIFA’s ruling Council before being set to be confirmed as host of the...
  • Qatar federation head Sheikh Hamad Al Thani, whose country hosts the Asian Cup next January, was elected to a FIFA position for the first time
  • Saudi soccer federation president Yasser Almisehal was among six Asian officials elected by AFC members to represent them on FIFA council through 2027

Joseph the Blind heals Turkey’s troubled city

The shop has kept the nickname of its founder, whose descendants moved to Istanbul in 1950, ceding the shop to...
  • The shop "Joseph the Blind" established in 1891 has kept the nickname of its founder, a Chaldean Catholic of the Syriac rite.
  • The first store was destroyed in 1977, said the herbalist Suleyman Onur.

Revenue from Saudi cinema may exceed $1bn by 2030

The revenue of Saudi cinemas increased by 9.47% to approximately US$240 million until December 25, 2022, compared to 2021's revenue...
  • The revenue of Saudi cinemas increased by 9.47% to approximately US$240 million until December 25, 2022, compared to 2021's revenue of US$232 million, a latest report points out
  • Although the Saudi film industry is still in its infancy, the goal is to increase the number of local films shown in theaters to 70 per year by 2030

Justin Bieber sells music rights for $200 mn

Contemporary stars including Justin Timberlake and Shakira have sold large stakes in their work - both also struck deals with...
  • Hipgnosis did not publicly disclose terms of the deal, but a source close to the matter told AFP it was worth around $200 million
  • The company said they acquired Bieber's interest in his publishing copyrights to his 290-song back catalog - all of his music released prior to December 31, 2021

Egypt archaeologists uncover 1800-year-old ‘complete’ Roman city

Cairo, Egypt---Egyptian archaeologists said Tuesday they had discovered an 1,800-year-old "complete residential city from the Roman-era" in the heart of...
  • The city, dating to the second and third centuries, is the "oldest and most important city found on the eastern bank of Luxor," said an official.
  • Inside the workshops, researchers found a collection of pots, tools and "bronze and copper Roman coins."

Tunisian Muslim community turns to AI to save heritage

Djerba, Tunisia - In an unassuming house on the Tunisian island of Djerba, Said al-Barouni embarked on a mission to safeguard...

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Saudi Journalists Association poll: Women, visionaries lead the way

Nearly half of the newly elected board members were women, a first in the 21-year history of this prominent media...

Expo City Dubai launches 10-day festival of Emirati light art and culture

DUBAI, UAE - Dhai Dubai, the first-ever Emirati-led light art festival, has launched its illuminating 10-day program at Expo City...

Coach Mancini lays out Saudi’s plan at Asian Cup

Doha, Qatar - Roberto Mancini said on Wednesday that Saudi Arabia fear no team at the Asian Cup and will not...

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Afif helps Qatar exorcise World Cup demons at Asian Cup

Doha, Qatar - Asian Cup hosts and holders Qatar have been on a mission to banish the painful memory of their...
  • Qatar lost all three of their World Cup games on home soil on their way to a first-round exit just over a year ago, the worst record of any host in the competition's history
  • But it's been a different story at the Asian Cup -- albeit after only two games against moderate opposition -- and Tintin Marquez's side are the first to reach the knockout rounds

Japan literary laureate admits using ChatGPT for her novel

TOKYO, JAPAN - The winner of Japan's most prestigious literary award has acknowledged that about "five percent" of her futuristic novel...
  • The 33-year-old author of Tokyo-to Dojo-to openly admitted that AI heavily influenced her writing process as well.
  • Set in a futuristic Tokyo, the book revolves around a high-rise prison tower and its architect's intolerance of criminals.

Money weighs on would-be Chinese parents as population falls

Long alarmed by falling fertility, the government has relaxed its decades-long one-child policy in recent years to allow three children...
  • Childbirth in China usually comes after a wallet-draining process of buying a home, finding a spouse, and paying for a lavish wedding
  • The average cost in 2019 of raising a child in China from birth to age 18 was 485,000 yuan ($68,000), a Beijing-based report said