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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.

Rebels seize military base, pose serious challenge to Putin’s rule

Rebel mercenaries have seized a crucial military base and are making their way north towards Moscow, presenting a serious security...
  • Counter-terrorist operation initiated to halt their advance towards Moscow
  • Wagner force moves through Lipetsk region; civilians urged to stay home

‘Domestic violence is overlooked in custody rulings’

"When custody decisions are made in favour of the parent who claims to be alienated without sufficiently considering the views...
  • Reem Alsalem, a UN human rights expert, uncovers substantial gender bias in family courts, frequently ignoring past domestic violence incidents in custody rulings
  • Violence persistently threatens women and children, causing significant hardship. For minority women, stereotypes and justice hurdles further exacerbate challenges, she adds

Rate hikes, tech, government support boost GCC banks

GCC banks see continued growth on the back of innovation, tech focus and sustained government support. TRENDS Special Report analyzes...

‘EU acknowledges, appreciates Qatar’s labor reforms’

The EU also lauds the exceptional execution of FIFA 2022 in Qatar. It helped refine Qatar's reputation and correct misconceptions....
  • European Union commends Qatar's successful organization of FIFA World Cup and its positive impact
  • The bloc has also vowed to strengthen relations with Islamic countries and combat hatred against Islam

Saudi Arabia unveils Expo 2030 plans at BIE Assembly

The Kingdom emphasizes the Riyadh Expo's potential in enhancing global collaborations and reinforcing actions on impactful projects.
  • The Gulf nation emphasized the Expo's potential in enhancing global collaborations and reinforcing actions on impactful projects
  • Riyadh has already begun expanding its infrastructure in preparation for hosting the Expo, says Royal Commission of Riyadh CEO

US supports China’s bid to advance Middle East peace

Saudi-Iran peace deal will reduce tensions in the region and would solve some of the problems if not all, says...
  • Blinken spoke of his recent visit to the Middle East where he met with the GCC leaders who, according to him, still see the US as the preferred partner
  • On Taiwan, Blinken said the US has real concerns about the direction it has taken and blamed China for what he called as reckless actions

‘UAE committed to support refugee across the world’

Sheikh Hamdan, who is also Chairman of the Emirates Red Crescent, calls on the international community to increase efforts to...
  • The UAE has launched initiatives to economically and socially empower refugee women through the Sheikha Fatima Fund for Refugee Women
  • The Gulf country recently donated $20 million to UNRWA, totaling $521 million in Palestinian assistance between 2018 and 2023

Saudi-French Investment Forum signs $2.9 billion worth of agreements

The Saudi-French Investment Forum witnessed the signing of 24 MoUs and investment agreements, collectively valued at approximately $2.9 billion. The...
  • The agreements provide opportunities for increased investment and collaboration in diverse sectors
  • Trade volume between France and Saudi Arabia surged by over 80% in 2022, reaching $11.5 billion

Which country leads Arab world in business ease?

Arab nations have implemented several reforms to improve the ease of doing business. TRENDS take a look to determine the...
  • Arab nations have implemented several reforms to improve the ease of doing business. TRENDS takes an in-depth look to determine the most business-friendly country in the region
  • Business reforms have led to a significant increase in foreign direct investments, contributing to the growth of both the public and private sectors in the Arab countries

$800bn investments set to bolster Saudi tourism

"The Kingdom will invest more than $800 billion during the next 10 years", added the minister, noting that tourists may...
  • Saudi Arabia's tourism sector, fueling a 4.45% GDP growth, is set for an $800 billion investment boost over the next decade.
  • Despite the global pandemic, Saudi Arabia welcomed over 93.5 million tourists in 2022, making it the fastest-growing tourism destination

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

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Arab Bank Group net profit $829.6m

The Group posted a 52% increase in net income compared to 2022.

WEF24: DCO leads in bridging global digital divide

Digital Cooperation Organization's initiatives are key to empower emerging economies through digitalization's full potential, its Secretary General Deemah AlYahya tells...

Saudi Arabia’s real estate deals fall 11 percent in 2023: Ministry

Riyadh, Saudi Arabia -- The value of Saudi Arabia's real estate transactions fell year-on-year by 11 percent to nearly SAR...

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Digital rights of Palestinians, supporters widely violated: Report

“Those developments had a significant impact on the digital world, freedom of speech, privacy, and security, leading to a deterioration...
  • Nearly 3 million instances of violent, hateful, or otherwise negative content in the Hebrew language was directed against Palestinians, the report said.
  • It also shed light on the practices of Meta’s noticeable discrimination against the content published in Arabic on its various platforms.

Watch: Experts discuss how Arab world reshapes future

At the HUB Davos 2024 conference, UAE's Minister of Economy Abdulla Bin Touq Al Marri highlights the nation's commitment to...
  • Amid the regional challenges, the Arab world showcases its resilience and forward-thinking at the World Economic Forum in Davos.
  • Sessions by TRENDS under 'The Arab Future' theme focus on the Middle East's economic future and the burgeoning Creator Economy.

Global crises, AI key focuses of World Economic Forum

The upcoming Davos summit is set to become a melting pot of discussions on critical global issues, including the conflicts...
  • The upcoming Davos summit is set to become a melting pot of discussions on critical global issues, including the conflicts in Gaza and Ukraine, and the rapid rise of AI.
  • With leaders like President Volodymyr Zelensky attending, the forum promises intense dialogues on geopolitical challenges and opportunities for rebuilding trust.