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Umnia Bank reported a strong performance for 2025, with a net profit of MAD57mn compared to MAD15mn in 2024, reflecting steady growth across key financial indicators, according to Sheikh Dr Khalid bin Thani bin Abdullah al-Thani, chairman of the Supervisory Board of Umnia Bank in Morocco.The bank’s net operating income reached MAD357mn by the end of 2025, compared to MAD273mn in 2024. Total assets reached MAD13.5bn in 2025, while the financing portfolio grew to MAD11.5bn, a 29.3% increase compared to 2024.In terms of financial ratios, Umnia Bank reported solid performance in 2025, with a Return on Equity (ROE) of 10.1%, Capital Adequacy Ratio (CAR) of 12.5%, Liquidity Coverage Ratio (LCR) of 117%, and Non-Performing Loan (NPL) ratio of 0.95%. These indicators are among the strongest in Morocco’s participative banking sector, which encompasses Islamic banking.Umnia Bank's Morocco operations began in 2017 as the country’s first participative bank. Today, it serves both retail and corporate clients through a network of some 53 branches across 35 cities in Morocco. 

BMW will showcase David Hockney’s iconic BMW Art Car (1995) in Doha as part of the BMW Art Car World Tour, marking the inaugural edition of Art Basel Qatar, which takes place from February 5 to 7 across multiple venues at Msheireb Downtown Doha. The event will also witness the opening reception of the BMW Lounge, celebrating the enduring dialogue between contemporary art, innovation and mobility.**media[413058]**As the Associate Partner of Art Basel globally, BMW continued its longstanding support for the fair’s VIP car service. Within this context, Alfardan Automobiles, the official importer of BMW in Qatar, is providing an elevated VIP guest mobility experience with its luxurious BMW fleet. Omar Alfardan, CEO and managing director of Alfardan Corporation, said: “The inauguration of Art Basel Qatar represents far more than the arrival of a world-renowned art fair to our region. It marks a transformative milestone for Qatar’s cultural evolution and its growing presence on the global creative stage. Showcasing David Hockney’s iconic BMW Art Car in Doha is a powerful testament to how art, design, and innovation can intersect to inspire new perspectives and reshape how communities engage with culture. This masterpiece stands as a symbol of creative exchange and the limitless possibilities that emerge when artistic expression meets visionary craftsmanship.”**media[413059]**On the occasion of Art Basel’s first edition in Qatar, BMW brings one of the most celebrated works from its Art Car Collection to the region. Exhibited at the iconic Sahat Wadi Msheireb Plaza, Hockney’s BMW Art Car transforms the automobile into an X-ray-like vision, revealing its interior, occupants and movement. The presentation highlights Hockney’s fascination with colour, perspective and the passage of time, while placing his visual language in dialogue with five decades of BMW Art Car history. To celebrate Art Basel Qatar, BMW also presents the BMW Lounge at M7, open to visitors throughout the exhibition’s official opening hours. The Lounge offers guests the opportunity to explore the BMW Art Car Collection in miniature, providing a curated insights into BMW’s long-standing engagement with contemporary art.**media[413060]**An opening reception will be held for guests, with opening remarks by artist Christoph Niemann, Tom Eccles (executive director, Centre for Curatorial Studies, Bard College) and Prof Dr Thomas Girst (head of Cultural Engagement, BMW Group). The speakers will reflect on the ongoing dialogue between contemporary art, automotive innovation and the cultural legacy of David Hockney and the BMW Art Car Collection. Born in Bradford, England, in 1937, David Hockney is one of the most influential artists of his generation. A graduate of the Royal College of Art, he emerged from the circles of Swinging Sixties London to define a highly distinctive form of international pop art. David Hockney’s Art Car offers a radical reinterpretation of automotive paintwork by effectively turning the car inside out. Like an X-ray, the design reveals the anatomy of the car and its occupants: the outline of the driver appears on the door, while Hockney’s dachshund Stanley sits on the back seat. Stylised engine components span the bonnet, while sweeping fields of green evoke landscape, motion and time. His Art Car, conceived purely as an exhibition piece, has never been driven on the road or in competition. Following the successful launch of the BMW Art Car World Tour 2025 and the presentation of Andy Warhol’s BMW Art Car #4 in Dubai, UAE, BMW continues this journey by bringing another legendary Art Car to the Middle East. With Hockney’s BMW Art Car, now presented in Doha, BMW further strengthens the dialogue between contemporary art and automotive innovation across the region. 

Qatar's Nasser al-Attiyah secured his sixth Dakar Rally car title in Saudi Arabia Saturday with Luciano Benavides scraping home by two seconds to claim the bike title.Al-Attiyah, at the wheel of a Dacia, only had to avoid a final day slip-up to top the podium after bringing his career tally of stage wins to 50 on Friday. The 55-year-old, who took skeet shooting bronze at the 2012 London Olympic Games, was adding to his previous Dakar wins in 2011, 2015, 2019, 2022 and 2023."We've worked very hard since last year. I might not be showing much emotion yet, but it's there, deep down. We are so happy to win," said Al-Attiyah at the finish. "I think we made the difference on the second day of the first marathon stage by building up a twelve-minute lead. Yesterday was also important. That's when we knew we'd won the race."**media[405729]**With Belgian co-driver Fabian Lurquin, al-Attiyah took control of the overall standings early on in the motorsport marathon. After placing ninth on the 13th and final stage in Yanbu on the Red Sea he had almost 10 minutes in hand over second-placed Nani Roma (Ford).The 2014 champion Roma said: "Yesterday I broke a wheel 50 metres before the end of the special, but we kept believing in our chances and here we are today, in second place. I only have words of gratitude for my team. This victory doesn't belong to me, but to the team. Without them, nothing is possible. You have to congratulate Nasser for pulling it off, but also Mattias Ekstrom, because with two Fords on the podium, we're coming back for more next year."Roma's Swedish teammate Mattias Ekstrom won the final stage to complete the car podium in third overall. For Romanian car manufacturer Dacia this was their first Dakar victory at only their second attempt.Al-Attiyah already had the second-most overall victories in the car section of the rally. He moved two ahead of Finn Ari Vatanen and Spaniard Carlos Sainz, who are tied for third with four each. Frenchman Stephane Peterhansel won a record eight times in cars between 2004 and 2021 to go with his car six victories in the bike category. "This is my sixth victory. I still need to break Peterhansel's record," said Al-AttiyahLast year's champion, Saudi Yazeed al-Rajhi, was forced to pull out with mechanical problems last week.**media[405730]**Earlier, Argentina's Luciano Benavides took the bike honours by a mere two seconds. Second in the 13th and closing stage was enough for the 30-year-old KTM rider to deny Honda's American two-time champion Ricky Brabec and secure a debut Dakar crown. "I've dreamed of this moment my whole life," said the winner.Brabec, winner in 2020 and 2024, was on target for a third title but lost time when he went the wrong way close to the finish of the 105km ride around Yanbu. "Even yesterday, it seemed impossible, but I still felt it could happen, and today Ricky took the wrong line and I took the right one," Benavides said. "It was a glimmer of hope. I saw it was him and that he had to pull a U-turn to get back on the right line because crossing between the two was impossible. I saw the opening and I went for it."Edgar Canet won the bike stage, with Spain's Tosha Schareina (Honda) finishing third and also taking the number-three spot in the overall standings. Benavides's older brother Kevin won the marathon race in 2021 and 2023. Benavides said he had given his all "from start to finish today"."I'd told everyone before the start that this Dakar was mine," he added. "Nine years in the Dakar and my first win. My brother and I are making history. He won by 43 seconds and I've won by two. I think I have him beaten on that front! It's a dream come true."Lithuania's Vaidotas Zala took his first title in the trucks category, dethroning ⁠Martin Macik of the Czech Republic who ended up fourth. American Brock Heger won the SSV race. 

Former world heavyweight champion Anthony Joshua has posted on social media for the first time since a fatal car crash in Nigeria that killed two of his close friends. The 36-year-old British fighter was a passenger in a Lexus SUV that collided with a stationary truck on a busy highway linking Lagos and Ibadan in southwest Nigeria last Monday. Joshua’s backroom team members Latif Ayodele and Sina Ghami died in the crash, while the boxer sustained minor injuries. Joshua was taken to hospital before being discharged on Wednesday, later flying back to the UK ahead of the funerals of Ghami, his strength and conditioning coach, and Ayodele, his personal trainer. The former two-time unified world heavyweight champion posted two images on Instagram on Sunday, sitting alongside his mother and three other women, one of whom clutched a photograph of Ghami. He captioned the post ‘My Brothers Keeper’. Joshua’s social media activity comes after Nigerian police charged the driver of the vehicle, Adeniyi Mobolaji Kayode, 46, with “dangerous driving causing death”. He is due to appear in court on January 20. Joshua, the 2012 Olympic champion, has family roots in Nigeria and was on holiday in the country following his win over Jake Paul in Miami on December 19. 

A car bomb killed a senior Russian general in southern Moscow Monday morning as officials reported "slow progress" in talks with the United States on how to end the war in Ukraine.Top negotiators from both Russia and Ukraine were in Miami over the weekend for separate meetings with US officials seeking to break the deadlock on a deal to end almost four years of fighting, triggered by Moscow's all-out offensive on its neighbour in 2022.Kyiv has not commented on the blast, the latest in a string of similar incidents, but Russian investigators said they suspected it was "linked" to "Ukrainian special forces".The attack had the hallmarks of other assassinations of generals and pro-war figures that have either been claimed or are widely believed to have been orchestrated by Ukraine.The ⁠bomb exploded under the Kia Sorento car driven by Lieutenant-General Fanil Sarvarov, head of the Russian General Staff's army operational training directorate, as he left a parking space at 6.55am Moscow time (0355 GMT).Russia's State Investigative Committee said Sarvarov had died from his injuries. It published video of the wrecked vehicle, with blood visible on the driver's seat and one of the doors blown off.Svetlana Petrenko, a spokesperson for ⁠the committee, said investigators were gathering forensic evidence, questioning witnesses and reviewing security camera footage."Various versions for the killing are being examined, one of which involves the possible role of Ukrainian intelligence services in organising the crime," she said.AFP reporters at the scene saw a mangled white Kia SUV, its doors and back window blown out. The frame was twisted and charred from the blast.The scene had been cordoned off by security forces, and investigators were sifting through the debris. Eyewitnesses reported a loud bang."We absolutely didn't expect it. We thought we were safe, and then this happens right next to us," local resident, Tatiana, 74, told AFP."The windows rattled, you could tell it was an explosion," said Grigory, 70, who also declined to give his surname. "We need to treat it more calmly. It's the cost of war."Russia's Investigative Committee, which probes major crimes, said it was "working through various lines of enquiry into the murder. One of them involves the possible organisation of the crime by Ukrainian special services”.Sarvarov fought in the Russian army's campaigns in the North Caucasus, including Chechnya in the 1990s, according to his official biography on the defence ministry's website.He had also been one of the figures overseeing Russian forces in Syria in 2015-16.The Kremlin said Putin had been informed about the killing, which came after three days of talks in Miami as the United States intensifies its efforts to broker an end to the nearly four-year war.Ukrainian negotiator Rustem Umerov and US special envoy Steve Witkoff hailed "progress" in the negotiations on Sunday.Russian envoy Kirill Dmitriev also met with the US team, which included Jared Kushner, US President Donald Trump's son-in-law.Witkoff had also called those meetings "productive and constructive”.However, Russian Deputy Foreign Minister Sergei Ryabkov said only "slow progress is being observed" in the talks, state media reported.An initial 28-point plan to end the war put forward by US President Donald Trump adhered to Moscow's core demands, triggering panic in Kyiv and European capitals.Ukraine and its allies have since been working to refine the plan, though Kyiv says it is still being asked to make massive concessions, such as giving up the entire eastern Donbas region to Russia.Moscow has bristled at Europe's involvement, as it tries to broker a deal exclusively with Trump.Ukrainian President Volodymyr Zelensky has expressed scepticism over whether Russia really wants to end the war, which has killed tens of thousands and decimated eastern and southern Ukraine.Since Moscow sent troops into Ukraine in February 2022, Kyiv has been blamed for several attacks targeting Russian military officials and pro-Kremlin figures in Russia and in Russian-occupied parts of Ukraine. 

Gondolas floated above a cityscape in the southeastern suburbs of Paris Saturday as the first urban cable car in the French capital's region was unveiled.Officials inaugurated the C1 line in the suburb of Limeil-Brevannes in the presence of Valerie Pecresse, the head of the Ile-de-France region, and the mayors of the towns served by the cable car.The 4.5km route connects Creteil to Villeneuve-Saint-Georges and passes through Limeil-Brevannes and Valenton.The cable car will carry some 11,000 passengers per day in its 105 gondolas, each able to accommodate ten seated passengers.The total journey will take 18 minutes, including stops along the way, compared to around 40 minutes by bus or car, connecting the isolated neighbourhoods to the Paris metro's line 8.The €138mn project was cheaper to build than a subway, officials said."An underground metro would never have seen the light of day because the budget of more than €1bn could never have been financed," said Gregoire de Lasteyrie, vice-president of the Ile-de-France regional council in charge of transport.It is France's seventh urban cable car, with aerial tramways already operating in cities including Brest, Saint-Denis de La Reunion and Toulouse.Historically used to cross rugged mountain terrain, such systems are increasingly being used to link up isolated neighbourhoods.France's first urban cable car was built in Grenoble, nestled at the foot of the Alps, in 1934.The iconic "bubbles" have become one of the symbols of the southeastern city. 

Alfardan Automotive, through Alfardan Automobiles, the exclusive importer and official BMW Group distributor in Qatar, participated as the main sponsor in the sixth edition of the Qatar Classic Luxury Car Competition and Exhibition 2025, held at The Pearl Island.Across five days, 65 exceptional classic cars were on display, underscoring Qatar’s status as a regional hub for automotive heritage and luxury.As the main sponsor, Alfardan Automotive helped in transforming the event into an immersive journey through automotive history against the stunning backdrop of The Pearl Island. The event attracted the general public and passionate collections from both Qatar and the wider GCC, offering a rare glimpse of meticulously selected vehicles exemplifying timeless design and engineering excellence.Featuring an expanded lineup of classics, paired with an increase in participation from across the GCC, this year’s edition was the largest to date, further strengthening Qatar’s reputation amongst the region’s enthusiasts and collectors.The exhibition highlighted Qatar’s cultural identity and automotive heritage, demonstrating how classic vehicles have the unique ability to connect generations through craftsmanship and storytelling.A highlight during the event was the exclusive Alfardan Automobiles BMW Classics Club display, featuring rare and historically significant BMWs. The display showcased two iconic models, the BMW E30 M3 (1991) and the BMW 2000cs (1968), and highlighted the rich heritage of the GCC, attracting significant interest from visitors and classic car enthusiasts alike.Showcasing the BMW Classics Club at the event underlined its role in growing a dedicated community of classic BMW owners and enthusiasts in Qatar, while strengthening their connection with Alfardan Automobiles as the Middle East’s first Certified BMW Classic Partner. Through exclusive drives, curated exhibitions and educational sessions, the club aims to keep these iconic models on the road, preserve their heritage for future generations and reinforce Qatar’s position as a key destination for classic car culture.Ayman Berjawi, general manager of Alfardan Automobiles, said: “Supporting the sixth Qatar Classic Luxury Car Competition and Exhibition 2025 underscores our commitment to Qatar’s automotive scene and passion for classics. With 65 outstanding vehicles and the BMW Classics Club’s engagement, Qatar’s growing stature as a destination for collectors and enthusiasts is clear.”Hussain Omar Alfardan, Chief Marketing Officer of Alfardan Automotive, said: “This year’s show aimed to engage families, first-time visitors, and collectors alike. From the BMW Classics Club to the broader exhibition, our goal was to share stories and highlight what makes each vehicle unique. The strong response encourages us to continue nurturing Qatar’s classic car culture.”The Pearl Island also hosted a lively, family-friendly event with interactive zones on restoration and a children’s area. Artistic performances kept visitors energised.Twenty winners were recognised across a variety of categories, with awards in cash and prizes for excellence in restoration, preservation, and presentation. The event set a benchmark for quality and dedication.Organisers aim to enhance future editions by blending authenticity with modernity, expanding experiences, and further establishing Qatar as a key player in classic car culture. Alfardan Automobiles remains dedicated to celebrating automotive heritage, luxury, and community. 

The Gulf-Qatari Classic Car Association launched the sixth edition of the Qatar Luxury Classic Cars Contest & Exhibition 2025 at The Pearl Island yesterday, featuring some of the world’s rarest vintage vehicles.The expanded showcase, held under the honorary patronage of Qatar Museums (QM) Chairperson HE Sheikha Al Mayassa bint Hamad bin Khalifa al-Thani, was inaugurated by prominent Qatari businessman and philanthropist HE Sheikh Faisal bin Qassim al-Thani. He is also the chairman of Al Faisal Holding, and the founder of the Al Faisal Global Foundation for Culture and Knowledge. He was joined by Ahmed al-Hammadi, director general of the General Retirement and Social Insurance Authority and Chairman of United Development Company (UDC).Running until November 23 at Medina Centrale, the event is held under the direct supervision of the Fédération Internationale des Véhicules Anciens (FIVA) and displays an array of classic vehicles from Qatar and across the GCC.HE Sheikh Faisal lauded the exhibition as a major milestone, driven by record-breaking regional participation for the second year running. He stressed that the extensive national support highlights Qatar’s resolve to protect its engineering history.“We are proud of the distinguished status this event has achieved regionally and globally. It has become a platform that brings together classic car enthusiasts, supporting institutions, and audiences passionate about industrial and engineering heritage. These events are not just about displaying cars — they tell stories of innovation, design, and history, enriching Qatar’s cultural identity,” he said in a press statement.Organisers noted that a competition will select the top cars across five categories, covering models from pre-1947 to 1995, with three winners in each category. Additional awards will recognise standout vehicles for authenticity, heritage preservation, and overall excellence. For the first time, winners will receive both financial and in-kind prizes.Sheikh Nawaf bin Nasser bin Khalid al-Thani, Board Member of the association, stated that every edition aims to deliver added value by selecting the finest classic cars for display.Engineer Abdullatif Ali al-Yafei, secretary-general and Board Member, added: “The sixth edition of the event has witnessed broad participation from the Gulf Co-operation Council (GCC) countries, representing 40% of the total participating vehicles.”Qatar Museums CEO Mohammed Saad al-Rumaihi noted that this marks the first official presence of the Qatar Auto Museum in the exhibition, highlighting the institution’s role in showcasing cultural history and the artistic value of automobiles. This includes a remarkable display of the 1886 Benz Patent-Motorwagen, linking the exhibition to the origins of the modern automotive era.UDC CEO Yasser al-Jaidah stated that hosting the event at The Pearl Island adds a prestigious dimension to the island’s lineup of high-profile cultural and luxury experiences. He stressed that the exhibition offers a unique opportunity for visitors to view some of the world’s rarest classic vehicles in an environment that blends heritage with elegance.Hussain Omar Alfardan, CMO of Alfardan Automotive, stressed that sponsoring the event aligns with the group’s strategy to support Qatar’s growing passion for classic cars. He noted that this interest represents an appreciation of artistic and historical value. He also highlighted the aim of building a community around this passion and contributing to the economic and tourism sectors through sustainable events.Meanwhile, organisers added that Daam’s sponsorship of the exhibition underlines its dedication to preserving national heritage and cultivating cultural awareness. By supporting such initiatives, the fund seeks to deepen community engagement and foster intergenerational connections that honour Qatar’s enduring legacy.

The Ministry of Interior, through the General Directorate of Traffic, has launched a public awareness campaign in the Sealine area to promote traffic safety culture among car and motorcycle sports enthusiasts. The campaign included a visit to the Sealine Car Track and meetings with supervisors, participants and spectators to highlight safety procedures and the importance of following them. It also featured awareness activities, interactive competitions and the distribution of educational materials to help raise awareness among young people and reduce risks. **media[382254]** Lt. Col. Hadi Mohammed al-Hajri, media and communications officer at the General Directorate of Traffic, said during the campaign that the directorate is committed to the safety of visitors to the Sealine area and to promoting traffic awareness across all segments of the community. He noted that the awareness messages rely on being physically present among the target audience to ensure clarity and impact. Lt. Col. al-Hajri stressed the importance of protecting the lives of racers and motorsport enthusiasts by adhering to safety rules and requirements, adding that they should set an example for other young people. He also praised the efforts of the Qatar Traffic Safety Society and the organisers of the Sealine track, commending their co-operation in providing a safe environment that enables young people to pursue their interests within well-regulated guidelines.

At least eight people were killed in a car explosion near the historic Red Fort in a densely populated area of the Indian capital Delhi Monday, a police spokesperson said, a rare blast in the heavily guarded city of more than 30mn people.The exact cause of the blast is being investigated, said the police spokesperson, Sanjay Tyagi. However, India's financial capital of Mumbai as well as its most populous state of Uttar Pradesh, which borders Delhi, went on high security alert after the blast, local media reported.At least 20 people were injured in the explosion, TV channels reported, as ambulances raced to the scene.Mangled bodies and the wreckage of several cars could be seen on a congested street near a metro station in the old quarter of Delhi, as police poured into the area to secure it and push back gathering crowds.Delhi Police commissioner Satish Golcha said the blast had occurred minutes before 7pm (1330GMT)."A slow-moving vehicle stopped at a red light. An explosion happened in that vehicle, and due to the explosion, nearby vehicles were also damaged," he told reporters.Federal and state investigative agencies are at the site and federal Home Minister Amit Shah has been briefed about the incident, Golcha added.Prime Minister Narendra Modi expressed his condolences to those who had lost loved ones."May the injured recover at the earliest. Those affected are being assisted by authorities," Modi posted on X, adding that he had reviewed the situation with Shah and other officials.At least six vehicles and three auto-rickshaws caught fire, Delhi's deputy fire chief said later, adding that the flames had been doused by firefighting teams."I was at the metro station, going down the stairs, when I heard an explosion. I turned around and saw a fire. People started running," Suman Mishra, whose husband owns a hotel in a nearby area, said.Wali Ur Rehman said he was sitting at his shop when he heard a loud explosion. "I fell from the impact of the explosion, it was that intense," he told news agency ANI.About 30 to 40 ambulances were near the site of the blast and the entire area was cordoned off after the fire was put out, a witness said, adding that he could see remains of mangled cars and crowds milling around.