Search Site

Trends banner

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Kuwait limits work attendance to 50% amid Omicron surge

Fitch downgrades Kuwait to "AA-", with stable outlook.
  • Private employers have been told to limit their staff capacity in a manner that would still allow for a smooth workflow
  • Conferences and meetings would shift back to video link, while public transport capacity should not exceed 50 percent

Kuwait’s cabinet on Monday ordered state bodies to slash staff attendance down to 50 percent in response to an s big surge in COVID-19 cases in the country, driven by the Omicron variant.

Private employers have been told to limit their staff capacity in a manner that would still allow for a smooth workflow, the government’s communication centre cited spokesman Tareq Al Mezrem as saying. 

Under the measures  which come into force Wednesday,   conferences and meetings would shift back to video link, while public transport capacity should not exceed 50 percent. 

Similarly, sporting venues nationwide, in addition to gyms and salons, would only allow entry to those who have been fully vaccinated, added the spokesman. 

Kuwait has seen a sharp rise in COVID-19 cases since the Omicron variant took hold.