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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.
  • Sony to screen ‘Spider-Man’, ‘Ghostbusters’ at CinemaCon

    CinemaCon is taking place despite fears about the Delta variant that have caused some pandemic restrictions to be reimposed on...

    CinemaCon is taking place despite fears about the Delta variant that have caused some pandemic restrictions to be reimposed on Hollywood in California

    CinemaCon did not take place at all last year as the pandemic shuttered cinemas around the world

  • Graft, security issues feed the trade in Iraq’s past

    The boom in looted objects from antiquity is a real problem in Iraq, where corruption is prevalent and archaeological sites...

    The boom in looted objects from antiquity is a real problem in Iraq, where corruption is prevalent and archaeological sites are poorly protected

    Sumerians, Assyrians and Babylonians all trod on the ancient land that is now Iraq, and that makes it a land of choice for smugglers.

  • Graft, security issues feed trade in Iraq’s past

    Do you want to buy a more than 3,000-year-old Sumerian tablet, listed as the property of a gentleman from Sussex...

    The purchased antiquity may not be handed down but handed on, via smugglers and middlemen

    Also, the ownership history of some such objects can be harder to prove

  • Nawal El Zoghbi snubs award over Lebanon economic crisis

    El Zoghbi, one of the most famous artistes in the Arab world, announced her decision on Twitter.

    The Murex d’Or award ceremony was about to take place on Wednesday at Beirut’s Casino du Liban

    Its organizers have now announced that it has been postponed because of the recent fuel tanker blast that killed several people

  • Athletes not only win hearts, but a lot of money too

    The value of the medals at the Tokyo Olympics has been revised upwards. Now the gold medals fetch US$200,000, the...

    Singapore tops the list of most generous countries with a reward of US$750,000 to the gold medalist

    The Egyptian Olympic Committee has allocated a financial reward of US$64,000 for the gold medal

  • Netflix rules Mideast as rivals eye content share

    Arab-based platforms such as Starz Play, Wavo, and OSN have become local competitors to Netflix and gaining the ground fast...

    Saudi Arabia seeks be an essential base for entertainment companies with an attractive investment environment

    The UAE and Saudi Arabia account for almost half of all MENA subscriptions to streaming services

  • Iranian artworks fetch over $10m during Tehran Auction

    A total of 120 lots of modern and contemporary Iranian works of art were offered during the auction at Tehran’s...

    The highest-earning painting was Reza Derakhshani’s Counting Days and Nights, Every Day and Every Night

    The mixed-media painting with fig leaves on canvas, created in 2017, fetched 52 billion rials (about $1.24 million)

  • Katy Perry unveils shoe range inspired by trip to Egypt

    The pop diva visited Egypt in 2019 to celebrate her 35th birthday, and seems have taken inspiration from this.

    The Pyramid and the Bettie are currently available for sale on Perry’s website for the discounted prices of $89 and $59, respectively

    The actual costs are $129 for the Pyramid, which comes in two colors, and $89 for the Bettie, which comes in two colors

  • Saudi handouts, to poor, leap to $27bn

    Saudi Arabia has paid nearly $27 billion, since 2017, in monthly handouts to low-income families, facing the unintended effects of...

    Expenditure on social benefits rose by 51 percent as the largest rise from H1 2020, reaching SR42 billion for H1 2021

    Saudi Arabia gives some $27bn in handouts to poor families

  • Dubai Tourism launches new trailer

    This is the second instalment of the Dubai Presents campaign, and like the first one highlights some of Dubai’s most...

    This trailer comes just days after the Dubai Presents campaign was launched with the spy-action genre

    This one-minute-six-second trailer is titled Dubai: A Romance to Remember

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