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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.

Oil extends gains on hopes of policy support for economic growth

Oil prices extend gains on hopes of policy support push for economic growth. (BNA)
  • Brent crude futures rose 16 cents, or 0.2 percent, to $76.09 a barrel after settling at its highest since Oct. 25 on Thursday.
  • Lower interest rates should spur more economic growth which would lead to higher fuel consumption.

Singapore – Oil prices extended gains on Friday after closing at their highest in more than two months in the prior session, amid hopes that governments around the world may increase policy support to revive economic growth that would lift fuel demand.

Brent crude futures rose 16 cents, or 0.2 percent, to $76.09 a barrel after settling at its highest since Oct. 25 on Thursday, QNA reported.

US West Texas Intermediate crude was at $73.32 a barrel, up 19 cents, or 0.3 percent, with Thursday’s close its highest since Oct. 14.

Both contracts are on track for their second weekly increase with investors back from holidays, improving trade liquidity, QNA reported.

Lower interest rates should spur more economic growth which would lead to higher fuel consumption.

Investors are eyeing further interest rate cuts by the US Federal Reserve this year to support its economy, while China’s President Xi Jinping has pledged more proactive policies to promote growth.