Search Site

Trends banner

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 and Azerbaijan presidents pledge to boost ties

Shaikh Mohamed bin Zayed Al Nahyan, President of the UAE, and Ilham Aliyev, President of Azerbaijan. (BNA)
  • The two countries resolved to ramp up ties in economics, development, renewable energy, environmental protection, culture, education, and other areas
  • The meeting between the two presidents also addressed the upcoming UN Climate Change Conference (COP29) to be hosted by Azerbaijan this year

Baku, Azerbaijan— The UAE and Azerbaijan have discussed ways to enhance cooperation in renewable energy, environmental protection, culture, education, and other areas that contribute to sustainable development.

The discussion on the deepening of ties took place in a meeting between Shaikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and Ilham Aliyev, President of Azerbaijan, in Baku.

The meeting discussed ways to strengthen cooperation in various sectors, including economics, development, renewable energy, environmental protection, culture, education, and other areas that contribute to sustainable development, WAM reported.

Both sides also exchanged views on a number of regional and international issues of mutual interest.

The meeting also addressed the upcoming UN Climate Change Conference (COP29) hosted by Azerbaijan this year.

Shaikh Mohamed expressed his best wishes for Azerbaijan’s successful hosting of this global event and further progress based on the UAE Consensus announced at COP28 last year.

The UAE Consensus aims to accelerate practical and tangible global climate action and address climate challenges, thereby enhancing sustainable economic and social development for all peoples worldwide.

The two sides exchanged memoranda of understanding and a letter of intent between the two countries. These agreements aim to expand cooperation in various sectors, supporting the two countries’ vision for sustainable development and prosperity.