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Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

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.

Morocco to reopen embassy in Syria after Assad fall

Morocco said Saturday it will reopen its embassy Damascus, closed since 2012, signalling renewed support for Syria after the overthrow...
  • The decision was announced in a letter from King Mohammed VI to Syria's interim President Ahmed al-Sharaa
  • The letter said Morocco backed the Syrian people "in their quest for freedom, security, and stability."

A day after first direct talks between officials, Kremlin says Putin-Zelensky meeting possible only after pact

The Kremlin said Saturday a meeting between Russia's Vladimir Putin and Ukraine's Volodymyr Zelensky would be possible only after both...
  • US President Donald Trump, who has been pressing Russia to agree a 30-day unconditional ceasefire, said later in the day that he would speak by phone with Putin on Monday.
  • On Friday, the first direct talks since the spring of 2022 between Ukraine and Russia in Istanbul resulted in a concrete agreement to exchange 1,000 prisoners each

Arab summit presses for end to Gaza ‘bloodshed’ as Israel launched an expanded military offensive

Arab leaders meeting Saturday at a summit in Baghdad urged the international community to press for a Gaza ceasefire, as...
  • In a joint final statement, Arab League members also called for funding to back their Gaza reconstruction plan
  • It came hours after Israel's military launched a new Gaza offensive, saying it was part of "the expansion of the battle in the Gaza Strip."

Moody’s downgrades US credit rating on rise in govt debt

Moody's on Friday downgraded the United States's credit rating from the top triple-A level, citing rising levels of government debt...
  • The downgrade to Aa1 from Aaa adds to the bad news for the US president, coming on the same day his flagship spending bill failed to pass a key vote in Congress
  • Moody's decision to downgrade the United States from its top credit rating reflects a recent surge in US borrowing costs, which was further fueled by the Covid-19 pandemic

Trump reshapes US Mideast policy. Can deals work instead?

The Israeli military said Saturday it had launched "extensive strikes" as part of a fresh offensive in Gaza, after rescuers...
  • Trump vowed during his swing through Saudi Arabia, Qatar and the United Arab Emirates that there would be no more "lectures on how to live."
  • In an extraordinary rupture with his predecessors, Trump then lambasted what he called the "neo-cons" that oversaw bloody US military interventions in the region

Arab League to meet in Baghdad to discuss regional crises, key leaders may give it a miss

The Arab League is meeting in Baghdad on Saturday to discuss Gaza and other regional crises, but some key leaders...
  • The war in Gaza is expected to dominate the agenda, especially after Israel approved plans to expand its offensive and spoke of the "conquest" of the territory
  • United Nations chief Antonio Guterres will attend the summit, and Spanish Prime Minister Pedro Sanchez is expected to address it as a guest

Israel launches ‘initial stages’ of new Gaza operation, threatens Huthi leaders after striking Yemen ports

The operation is part of "the expansion of the battle in the Gaza Strip, with the goal of achieving all...
  • The offensive, known as "Operation Gideon's Chariots", comes as Israel faces pressure to lift a sweeping aid blockade in return for a US-Israeli hostage released by Hamas
  • Israel resumed its military offensive in Gaza on March 18 after a two-month truce in its war against Hamas, triggered by an attack by the Palestinian group in October 2023

Tehran says no objection to US investment in Iran

Iranian Foreign Minister Abbas Araghchi said Thursday that Tehran has no objection to US companies operating in the country, including...
  • "We have no ban on the economic presence of American companies in Iran," Araghchi said, attributing the lack of US business activity to primary sanctions imposed by Washington
  • His remarks come after President Donald Trump said Washington was "getting close" to a new nuclear deal with Tehran to replace the one he abandoned during his first term in 2018

Gaza strikes kill 120 as Hamas says aid entry ‘minimum requirement’ for talks

Aid to Gaza has been cut off since March 2, a tactic Israel has said is intended to force concessions...
  • Hamas warned that Gaza was not "for sale" hours after Donald Trump, on a visit to the region, again floated taking over the territory and turning it into "a freedom zone.'
  • Israel's aid blockade preceded a resumption of military operations on March 18, ending a ceasefire that had largely halted hostilities since mid-January

Iran, European powers to hold nuclear talks in Turkey

The Istanbul meeting follows Foreign Minister Abbas Araghchi's warning of "irreversible" consequences if the European powers move to reimpose United...
  • The Istanbul meeting follows Foreign Minister Abbas Araghchi's warning of "irreversible" consequences if the European powers move to reimpose UN sanctions on Iran
  • Trump effectively torpedoed the deal during his first term in 2018, by unilaterally abandoning it and reimposing sanctions on Iran's banking sector and oil exports

UAE-Morocco consortium sign $14 billion worth of energy, water infrastructure projects

Morocco on Monday signed deals with an Emirati-Moroccan consortium for energy and water infrastructure projects, which according to one of...

Latest News

Israeli airstrike kills five Palestinians in West Bank

Palestinian medics said an air strike targeting a car in the occupied West Bank killed five people on Thursday, while...

Dubai roads, airport reel from floods after record rains

Power outages were reported around Dubai, which was dotted with flooded areas and submerged and abandoned cars. One road tunnel...

Heavy storms soak Gulf as Oman toll rises to 18

Flooding hit many areas of Dubai and Abu Dhabi, the UAE capital, and cut off major roads, snarling traffic and...

Number of journalists killed on job in 2023 declines despite Gaza: RSF

In the first 11 months of 2023, 45 journalists were killed carrying out their work, down from 61 last year,...

Rescue efforts begin as at least 132 die, hundreds injured in Nepal quake

The quake was felt as far away as India's capital New Delhi, nearly 500 km from the epicentre, 42 km...

Arab summit presses for end to Gaza ‘bloodshed’ as Israel launched an expanded military offensive

Arab leaders meeting Saturday at a summit in Baghdad urged the international community to press for a Gaza ceasefire, as...

Moody’s downgrades US credit rating on rise in govt debt

Moody's on Friday downgraded the United States's credit rating from the top triple-A level, citing rising levels of government debt...

Trump reshapes US Mideast policy. Can deals work instead?

The Israeli military said Saturday it had launched "extensive strikes" as part of a fresh offensive in Gaza, after rescuers...

Most Read

Israel launches ‘initial stages’ of new Gaza operation, threatens Huthi leaders after striking Yemen ports

The operation is part of "the expansion of the battle in the Gaza Strip, with the goal of achieving all...
  • The offensive, known as "Operation Gideon's Chariots", comes as Israel faces pressure to lift a sweeping aid blockade in return for a US-Israeli hostage released by Hamas
  • Israel resumed its military offensive in Gaza on March 18 after a two-month truce in its war against Hamas, triggered by an attack by the Palestinian group in October 2023

Tehran says no objection to US investment in Iran

Iranian Foreign Minister Abbas Araghchi said Thursday that Tehran has no objection to US companies operating in the country, including...
  • "We have no ban on the economic presence of American companies in Iran," Araghchi said, attributing the lack of US business activity to primary sanctions imposed by Washington
  • His remarks come after President Donald Trump said Washington was "getting close" to a new nuclear deal with Tehran to replace the one he abandoned during his first term in 2018

Gaza strikes kill 120 as Hamas says aid entry ‘minimum requirement’ for talks

Aid to Gaza has been cut off since March 2, a tactic Israel has said is intended to force concessions...
  • Hamas warned that Gaza was not "for sale" hours after Donald Trump, on a visit to the region, again floated taking over the territory and turning it into "a freedom zone.'
  • Israel's aid blockade preceded a resumption of military operations on March 18, ending a ceasefire that had largely halted hostilities since mid-January