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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.

Saudi Arabia normalizing ties with Israel ‘will happen’: Trump

US President Donald Trump and Saudi Arabia's Crown Prince Mohammed Bin Salman (R) arrive for a meeting on "World Economy" at the G20 Summit in Osaka on June 28, 2019. (AFP file)
  • Trump is set to visit Saudi Arabia next month on a Middle East tour that was expected to be his first overseas trip since retaking the White House.
  • Trump forged close relations with Riyadh in his first term and is expected to push Saudi Arabia towards normalizing ties with Israel as a major foreign policy objective.

Washington, United States — US President Donald Trump said he was confident Saudi Arabia would normalize ties with Israel, according to an interview published Friday by Time Magazine.

“Saudi Arabia will go into the Abraham accords,” Trump said, referencing the historic agreement struck at the end of his first term in 2020, which saw Muslim-majority United Arab Emirates, Bahrain, Sudan and Morocco normalize relations with Israel.

“That will happen,” he added.

Trump is set to visit Saudi Arabia next month on a Middle East tour that was expected to be his first overseas trip since retaking the White House, though he will now be traveling to Italy first for Pope Francis’s funeral.

Trump forged close relations with Riyadh in his first term and is expected to push Saudi Arabia towards normalizing ties with Israel as a major foreign policy objective.

However, the war in Gaza has complicated those efforts and Saudi leaders have ruled out normalizing ties with Israel without the recognition of a Palestinian state, something Israeli Prime Minister Benjamin Netanyahu opposes.

Trump’s trip to the region will also come as the White House pursues nuclear talks with Iran while threatening military action if a deal is not reached.