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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.

Excess, storage issues behind food waste in GCC

  • When food is lost or wasted, all the resources that were used to produce this food - including water, land, energy, labor and capital - go to waste.
  • The UN says the disposal of food loss and waste in landfills, leads to greenhouse gas emissions, contributing to climate change.

Dubai, UAE–Globally, around 14 percent of food produced is lost between harvest and retail, while an estimated 17 percent of total global food production is wasted–11 percent in households, 5 percent in the food service and 2 percent in retail, according to the United Nations. Food loss and waste undermine the sustainability of food systems. When food is lost or wasted, all the resources that were used to produce this food – including water, land, energy, labor and capital – go to waste, the UN says. Underscoring the need for reducing food waste and loss, the UN says the disposal of food loss and waste in landfills, leads to greenhouse gas emissions, contributing to climate change. TRENDS takes a look at the state of food waste in the GCC countries.