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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.

China vows ‘fight to the end’ as Trump warns 50% more tariffs

China vowed on Tuesday to "fight to the end" against fresh tariffs of 50 percent threatened by US President Donald...
  • Trump upended the world economy last week with sweeping tariffs that have raised the spectre of an international recession
  • Beijing, Washington's major economic rival, responded by announcing its own 34 percent duties on US goods to come into effect on Thursday

Netanyahu meets Trump for tariff and Gaza talks

Israeli Prime Minister Benjamin Netanyahu met Donald Trump at the White House on Monday, becoming the first foreign leader to...
  • Netanyahu and Trump are also set to discuss Gaza, where a short-lived US-brokered truce between Israel and Hamas has collapsed, and growing tensions with Iran
  • Trump greeted Netanyahu outside the West Wing and pumped his fist, before the two leaders went inside for a meeting in the Oval Office.

PA alone must be in charge of post-war Gaza, say France, Egypt and Jordan

Cairo, Egypt -- The leaders of France, Egypt and Jordan on Monday said the Palestinian Authority alone must be in...
  • French President Emmanuel Macron earlier said that Palestinian group Hamas should have no role in governing the Gaza Strip once its war with Israel is over.
  • King Abdullah stressed the need for "a just and comprehensive peace based on the two-state solution", a Palestinian state alongside Israel.

Stocks sink again as Trump holds firm on tariffs

Trading floors across the globe were overcome by waves of further selling after last week's sharp losses, with Trump telling...
  • Wall Street was wracked by volatile trading, bouncing into positive territory on hopes of a 90-day pause in tariffs, only to sink lower when those were dashed by the White House.
  • Trillions of dollars have been wiped off combined stock market valuations in recent sessions. Bitcoin tumbled, while the dollar rebounded after sharp losses last week.

Turkey’s main opposition leader urges elections ‘in November at the latest’

The leader of Turkey's main opposition party on Sunday called for expected elections to be held "at the latest in...
  • Addressing President Recep Tayyip Erdogan, CHP party leader Ozgur Ozel said: "In November at the latest, you will come to confront our candidate,"
  • Ozel hailed the demonstrations triggered by last month's arrest of Imamoglu, Istanbul's popular opposition mayor who is widely considered Erdogan's greatest political threat

Zelensky slams US lack of response to Putin truce rejection

Ukrainian President Volodymyr Zelensky on Sunday lamented the lack of a US response to Russia's refusal to sign "a full,...
  • Russia mounted a "massive" missile and drone attack on Ukraine overnight that also wounded seven people, Zelensky said
  • Ukraine has agreed to an unconditional truce in the more than three-year-long war proposed by the United States

Thousands rally in Morocco at pro-Palestinian protest

Tens of thousands of people demonstrated in Morocco's capital on Sunday against the conflict in the Gaza Strip where Israel...
  • The largest pro-Palestinian protest in the capital Rabat for several months was called by the Islamist-dominated coalition the Justice and Development party
  • Protesters were accompanied by chanting and the beating of drums as they marched down the city's Mohammed V Avenue near parliament

Saudi stocks take 5-year record fall, plunge nearly 7% after US tariffs spark global market turmoil

Other Gulf markets also took a dive, reflecting global trends as countries around the world grapple with Trump's shock tariffs...
  • President Donald Trump's tariff offensive unleashed this week has sparked a global stock market rout, also raising fears of a general trade war and recession
  • State-run financial newspaper Al-Eqtisadiah said that "the Saudi stock market lost more than half a trillion riyals (about $133 billion) in market value during Sunday's trading"

Tens of thousands march in US against Trump ‘devastation’

Opponents of the Republican president's policies -- from government staffing cuts to trade tariffs and eroding civil liberties -- rallied...
  • As Trump continues upending Washington, his approval rating has fallen to its lowest since taking office, according to recent polling.
  • In Washington, thousands of demonstrators -- many traveling from across the United States -- gathered on the National Mall where dozens of speakers rallied opposition to Trump.

Macron to hold summit with Egyptian, Jordanian leaders as Israel pushes to seize Gaza territory

Meanwhile, a video recovered from the cellphone of an aid worker killed in Gaza alongside other rescuers shows their final...
  • Israel has pushed to seize territory in Gaza since the collapse of a short-lived truce, in what it has called a strategy to force the militants to free hostages.
  • The French president is expected in Cairo on Sunday evening, where he will hold talks with his Egyptian counterpart on Monday morning.

AI companions present risks for young users, US watchdog warns

New York, United States -- AI companions powered by generative artificial intelligence present real risks and should be banned for...

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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...

Lebanon parliament approves changes to banking secrecy law

Beirut, Lebanon -- Lebanon's parliament on Thursday approved amendments to banking secrecy legislation, a key reform demanded by the International...

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

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Cannes film festival says to ‘honour’ slain Gaza photojournalist

Paris, France - The Cannes film festival said Wednesday that the screening of a documentary about Gaza photojournalist Fatima Hassouna...
  • The film features conversations between Farsi and Hassouna, 25, as she documents the impact of Israel's devastating war on the Palestinian territory
  • Hassouna was killed along with 10 relatives in an air strike on her family home in northern Gaza last Wednesday, the day after the documentary was announced

India and Pakistan rivalry boils after Kashmir attack

India took a raft of punitive diplomatic measures against arch-rival Pakistan on Wednesday, accusing Islamabad of supporting "cross-border terrorism" after...
  • India's measures, including the suspension of a key water-sharing treating and closure of the main land border crossing
  • The killings have shocked New Delhi, as they marked a dramatic shift targeting civilians and the area's vital tourism industry

Boeing says China not accepting planes over US tariffs

New York, United States -- Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China...
  • President Trump's trade conflicts with China and other countries loom as a question mark for Boeing, a major US exporter, despite Wednesday's solid results.
  • Boeing had planned to send around 50 aircraft to China in 2025, said Ortberg, who told the network that the company wouldn't "wait too long" to send the jets to other customers.