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.

Ship rescues 128 migrants, finds two dead In Mediterranean

A search and rescue ship reached the migrants stuck in middle of sea.
  • SOS Mediterranean tweeted that Ocean Vikings have rescued 128 men, women and children in a five-hour operation
  • According to International Organization for Migration, around 23,500 migrants lost their lives in Mediterranean since 2014

A search and rescue ship saved 128 migrants trying to reach Europe on an overcrowded dinghy Friday but found two on board had died, the NGO operating it said.

“Today, in a five-hour operation in increasingly dangerous weather conditions, Ocean Viking rescued 128 men, women and children,” SOS Mediterranean said on Twitter.

“Sadly, two people were found deceased on the overcrowded rubber boat,” it said.

“Due to the extreme weather conditions, we were only able to recover one body.”

North Africa is a major conduit for migrants, particularly from African countries ravaged by war and poverty, to make desperate bids to reach Europe.

Many end up drowning in the attempt, making the central Mediterranean the world’s deadliest migration route.

Around 2,000 migrants were missing or confirmed drowned in the Mediterranean last year, up from 1,401 in 2020, the International Organization for Migration says.

It says more than 23,500 migrants have gone missing in the Mediterranean since 2014, most in the central part of the sea.