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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.

GCC’s two biggest trade allies are Asians

Asian countries are the major trade partners of GCC countries.
  • Experts believe the US is pulling back from the Middle East and shifting its attention and resources to the "priority theatre" of the Indo-Pacific.
  • But as the world recovers from the Covid-19 pandemic, the GCC countries are expected to play a more significant role in the ongoing Asianization of the global economy.

Dubai, UAE — The Gulf countries rely heavily on assistance from Asia, particularly China, to modernize their economies and diversify away from oil. The cooperation is taking place in areas like the new energy, artificial intelligence, and industrial diversification. Experts believe the US is pulling back from the Middle East and shifting its attention and resources to the “priority theatre” of the Indo-Pacific. But as the world recovers from the Covid-19 pandemic, the GCC countries are expected to play a more significant role in the ongoing Asianization of the global economy. This TRENDS video looks at the major Asian partners of the Arabian Gulf countries.