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.

Why investors rush to gold in uncertain economic times?

London, United Kingdom -- Why do investors flock to gold when economic times turn tough? As the precious metal reaches...
  • On Friday it struck an all-time high of $3227.51 an ounce in trading, handing the commodity a gain of more than 20 percent since the start of the year.
  • In 2024, global central banks together added more than 1,000 tons of gold to their reserves for the third year running, according to the World Gold Council.

UN shipping body approves first global carbon pricing system

From 2028, all ships will be required to use a less carbon-intensive fuel mix, or face financial penalties -- but...
  • Those who do not meet the guidelines will have to pay annually for every ton of greenhouse gas emissions that exceeds the targets set.
  • A majority of members, 63 states, voted for the carbon pricing system, including the European Union, Brazil, China, India and Japan.

Trump admits trade war ‘cost’ as markets hit

Jitters about US tariffs hammered Asian stocks again early Friday as President Donald Trump acknowledged a "cost" to his surging...
  • Trump acknowledged "a transition cost and transition problems," but dismissed global market turmoil. "In the end it's going to be a beautiful thing."
  • On Wall Street, the broad-based S&P 500 finished down 3.5 percent on Thursday after soaring 9.5 percent the day before. The Dow Jones shed 2.5 percent and the Nasdaq 4.3 percent

In skies, as on land, European forces face gaps if US pulls back

Leeuwarden, Netherlands - Fighter jets from the United States, France, Finland and Germany roar into the skies from a Dutch...
  • Since returning to office, US President Donald Trump has sowed doubt over Washington's commitment to underpinning European security
  • But if Trump does decide to withdraw US forces, there are fears that could leave European militaries struggling to plug gaps in key areas

Bridges in the Gulf: wealthy states mediate crisis after crisis

Dubai, United Arab Emirates - When US and Iranian negotiators meet in Oman on Saturday they will be just the...
  • Oman is a long-established venue for Iranian talks, while promoting peace is a pillar of Qatar's foreign policy and even enshrined in its constitution
  • More recently Saudi Arabia has caught on, hosting Ukraine ceasefire talks including the latest round in a lavish hotel in Riyadh last month

Trump warns of military option; Iran threatens to end UN nuclear inspections before Oman talks

Last month, Trump sent a letter to Khamenei, who has the final say in matters of state in Iran, calling...
  • A senior adviser to supreme leader Ayatollah Ali Khamenei warned that Iran could expel UN nuclear watchdog inspectors over "threats."
  • US Secretary of State Marco Rubio voiced hope Thursday that the US-Iran nuclear talks in Oman this weekend could lead to "peace."

European Union and UAE agree to launch trade deal negotiations

Emirati President Mohammed bin Zayed Al Nahyan "and I just decided to launch negotiations on an EU-UAE free trade agreement,"...
  • Sheikh Zayed said that the CEPA would create new avenues for cooperation between the UAE and EU, increase trade and investment flows.
  • The EU is the UAE’s second-largest trading partner, accounting for 8.3 percent of the UAE’s total non-oil trade, which hit $67.6 billion in 2024.

Verstappen out to silence McLaren in the battle of Bahrain

McLaren's Lando Norris holds a wafer-thin advantage over four-time world champion Max Verstappen going into this weekend's Bahrain Grand Prix.
  • Max Verstappen arrives in Bahrain fresh from one of the best weekends of his life, on the track at least, in Japan
  • Friday's opening practice will feature a host of teams giving potential stars of the future a spin

Turkey opposition to fight Erdogan ‘until the end’: leader tells AFP

The Turkish opposition will fight "until the end" against President Recep Tayyip Erdogan, the leader of the opposition CHP party...
  • Republican People's Party (CHP) leader Ozgur Ozel demanded snap polls that would show the "biggest no confidence vote in history" against Erdogan
  • Imamoglu's arrest sparked the biggest opposition protests to grip Turkey since 2013 although the rallies have dipped in intensity over the past 10 days

US reiterates support for Morocco on Western Sahara

Secretary of State Marco Rubio on Tuesday renewed US support for Morocco's sovereignty and political plan for Western Sahara, a...
  • Trump, during his first term in office, in 2020 recognized Morocco's claim to the vast desert territory after the kingdom normalized relations with Israel
  • Morocco mostly controls the former Spanish colony but has been challenged for decades by the Algeria-backed Polisario Front

‘The Eternaut’ echoes fight against tyranny: Ricardo Darin

Survival through teamwork: It's a tale as old as time with particular resonance today, says Argentine actor Ricardo Darin of...

Latest News

Saudi Arabia normalizing ties with Israel ‘will happen’: Trump

"Saudi Arabia will go into the Abraham accords," Trump said, referencing the historic agreement struck at the end of his...

Remains of 5,000-year-old noblewoman found in Peru dig

The woman's funerary trousseau, which was presented to reporters at the culture ministry, included a toucan's beak, a stone bowl...

IMF, World Bank welcome efforts for Syria to reintegrate globally

Washington, United States - The International Monetary Fund and World Bank's leaders said in a joint statement Thursday that they...

Most Read

India and Pakistan urged to have ‘maximum restraint’ after Kashmir attack

The United Nations urged India and Pakistan to show "maximum restraint" as the nuclear-armed rivals imposed tit-for-tat diplomatic measures over...
  • Indian Prime Minister Narendra Modi on Thursday vowed to hunt down the gunmen responsible for killing 26 civilians at the popular tourist site of Pahalgam
  • Denying any involvement, Islamabad called attempts to link Pakistan to the Pahalgam attack "frivolous" and vowed to respond to any Indian action

Israel military issues evacuation order two north Gaza areas

"To all of the civilians of the Gaza Strip staying in the areas of Beit Hanoun and Sheikh Zayed. This...
  • Israel resumed its intense aerial and ground assault across Gaza from March 18, ending a two-month ceasefire with Hamas that had largely halted fighting in the territory.
  • Meanwhile, initial probe released by Israeli army said Israeli tank fire killed a UN worker in Gaza last month, after initially denying operating in the area.

European carmakers on China charm offensive as sales droop

Shanghai, China -- Once blithely dominant in China, European automakers are now launching full-fledged charm offensives at consumers in the...
  • At this week's Auto Shanghai, the largest global industry show of its kind, foreign firms pitched dozens of electric, high-tech models made "in China for China".
  • Volkswagen, the largest foreign automaker operating in the country, announced that by 2027 it would release more than 20 new cars for the local market.