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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.

Fourth Industrial Revolution centers announced for Riyadh, Muscat, Pretoria

The Fourth Industrial Revolution will create new job categories that did not previously exist. AFP
  • The upcoming centers in Muscat, Pretoria, and Riyadh will tackle critical global challenges with innovative solutions tailored to national and regional needs.
  • Additionally, the WEF announced that the C4IR United Arab Emirates has been renewed.

Davos, Switzerland — The World Economic Forum (WEF) has announced signing agreements for three new Centers for the Fourth Industrial Revolution (C4IR) launching in 2025.

Additionally, the WEF announced that the C4IR United Arab Emirates has been renewed.

The upcoming centers in Muscat, Pretoria, and Riyadh will tackle critical global challenges with innovative solutions tailored to national and regional needs.

These announcements are complemented by the release of Forum’s C4IR Network 2023-2024 Impact Report, which highlights how the expanding global network is advancing technological solutions to humanity’s most pressing challenges.

“The upcoming launches of three new C4IR Centers underscores our commitment to shaping a future where technology better serves humanity,” said Børge Brende, President and CEO of WEF.

“Together, with our growing network of global partners, we will continue to harness the power of innovation to address society’s most pressing challenges and create localized solutions with global reach.”