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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.

Oman ruler visits Saudi Arabia in his first official overseas trip

    • Economic and investment cooperation remains the key focus

    • Saudi Arabia and Oman will establish a joint council to oversee several agreements

    Oman’s ruler Sultan Haitham bin Tariq al-Said visited Saudi Arabia on Sunday on his first official overseas trip since assuming power last year.

    According to reports, talks were expected to discuss economic and investment cooperation as Muscat looks to shore up its finances.

    Sultan al-Said arrived in the Red Sea city of Neom for a two-day visit.

    He was greeted by Saudi King Salman and Crown Prince Mohammed bin Salman.

    The leaders then held an official session of talks during which they reviewed “the historical and well-established fraternal relations” between their countries, and discussed prospects for joint cooperation in various fields.

    The talks were held in the presence of Prince Mohammed and attended by Interior Minister Prince Abdul Aziz bin Saud bin Naif and Foreign Minister Prince Faisal bin Farhan. Omani Foreign Minister Sayyid Badr bin Hamad Al-Busaidi was also present.

    Saudi Arabia and Oman will establish a joint council to oversee several agreements, al-Busaidi was quoted as saying by local media on Saturday.

    He said the opening of a delayed new road linking the two Gulf states would facilitate logistics and other infrastructure projects.

    Later in the day, Saudi king hosted a luncheon in honor of Sultan Haitham and his delegation.

    King Salman awarded Sultan Haitham with the Order of King Abdul Aziz whilst the sultan awarded the king with the Order of Al-Said, the highest order of Oman.