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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.

UAE forms new law to punish erring ministers and officials

  • People can submit complaints directly to the public prosecution
  • Those accused may see their travel permits revoked, and even assets frozen

The United Arab Emirates has framed new legislation to increase transparency among its ministers and senior officials.

UAE Vice-President Sheikh Mohammed bin Rashid Al Maktoum has announced on Twitter that President Sheikh Khalifa bin Zayed Al Nahyan has issued a decree law in this regard.

Sheikh Mohammed, also the prime minister and ruler of Dubai, said people could submit complaints — against ministers or senior officials who they feel are violating rules — to the public prosecution.

Those accused may see their travel permits revoked, and even assets frozen, he said, adding that anyone found guilty could also be relieved of their job.

He concluded: “Transparency is our priority in UAE. [sic]”

Read his tweets here:

The UAE is currently ranked 21 out of 180 countries in the Corruption Perceptions Index for 2020, as issued by global anti-corruption watchdog Transparency International.

Having obtained a score of 71 out of a possible 100, it is well above most — if not all — the countries in the region in transparency on that count.