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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.

Female empowerment key to Gulf economic growth

GCC women remain optimistic about their empowerment.
  • Women's hiring in GCC countries has increased substantially during the past decade.
  • Saudization and Emiratization of jobs is likely to see a surge in the number of women joining the workforce.

Gulf Cooperation Council states have achieved phenomenal economic growth during the past decades and they have firmly set eyes on the future by embracing digital technologies in nearly all spheres of life.

In their endeavor to achieve various short-term and long-term goals by 2030 or 2050, the GCC countries have prioritized diversifying their economies to cut dependence on oil, which continues to be the major driver of the regional economic engines.

Realizing that these transformational ambitions cannot be achieved without empowering the local populations, these countries have initiated programs, such as Emiratization and Saudization, to include an ever increasing number of their nationals into the workforce.

This indigenization of the workforce and economies would have limitations if the women are excluded. Therefore, gradually, women empowerment is becoming an important element in the economic policies of Gulf countries. Already, women are occupying top positions in big companies.

TRENDS highlights some important aspects of women empowerment in the GCC region.