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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.

Le Pen’s French presidency bid in jeopardy after election ban

Paris, France -- A French court on Monday threw into severe doubt far-right leader Marine Le Pen's 2027 bid for...
  • A French court on Monday handed her a five-year ban on running for office after convicting her over a fake jobs scheme.
  • She was also given a four-year prison term by the Paris court but will not go to jail, with two years of the term suspended and the other two to be served outside jail.

Trump puts world on edge as ‘Liberation Day’ tariffs loom

Trump kept rivals and allies alike guessing about who would be targeted and by how much, but promised to be...
  • A fan of tariffs for decades, Trump said that he had "settled" on a plan but kept the world in suspense as he refused to reveal the details.
  • He would only say that the tariffs would be lower than what other countries would be charging the United States, adding that "we sort of have a world obligation perhaps."

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.
  • Beijing has in recent years grappled with a prolonged crisis in the country's vast real estate sector, once a key pillar of the economy but now beset with sprawling debt.
  • Hong Kong-listed Vanke is part-owned by the government of Shenzhen and was China's fourth-largest real estate firm by sales last year, according to research firm CRIC.

Trump says ‘there will be bombing’ if Iran fails to make ‘peace deal’

Trump's language represented a sharpening of his comment a few days earlier that if Tehran refused to negotiate a new...
  • It was not clear whether Trump was threatening bombing by US planes alone or perhaps in an operation coordinated with Israel
  • Trump in 2018 pulled the United States out of an agreement to relieve sanctions on Iran in return for curbs on its nuclear program

Trump says ‘very angry, pissed off’ with Putin over Ukraine

"If Russia and I are unable to make a deal on stopping the bloodshed in Ukraine, and if I think...
  • NBC's Kristen Welker said Trump had called her to express his fury over Putin questioning Ukrainian President Volodymyr Zelensky's future as a leader
  • Putin rejected a joint US-Ukrainian plan for a 30-day ceasefire, and on Friday suggested Zelensky be removed from office as part of the peace process

Netanyahu offers Hamas leaders Gaza exit but demands group disarm amid strikes on the Palestinian territory

A senior Hamas official stated on Saturday that the group had approved a new ceasefire proposal put forward by mediators...
  • Gaza's civil defence agency said an Israeli air strike on a house and tent sheltering displaced Palestinians killed at least eight people, including five children
  • The strike in Khan Yunis came in the morning on the first day of Eid al-Fitr, the festival marking the end of the Muslim fasting month of Ramadan

Turkey opposition pushes for early polls as Swedish reporter jailed

Istanbul, Turkey --  The Turkish opposition on Sunday worked to keep up the momentum of the protest movement triggered by...
  • With Turkey entering several days of public holiday marking the end of the Ramadan, the opposition has vowed to keep up the protest movement while switching to focused events.
  • Interior Minister Ali Yerlikaya said on Thursday 1,879 people had been detained in connection with the protests since March 19, with 260 of them remanded in custody pending trial.

‘Day of funerals,’ Gazans mark grim Eid under Israeli strikes

At dawn, many Gazans gathered across different parts of the territory to offer traditional morning Eid prayers, an AFP correspondent...
  • Many prayed beside makeshift tents sheltering tens of thousands of displaced Gazans, living in dire humanitarian conditions.
  • At the Nuseirat refugee camp in central Gaza, several residents visited the graves of loved ones killed in the war.

First orbital rocket launched from Europe crashes seconds after blast-off

Oslo, Norway -- The first orbital rocket launched from continental Europe crashed seconds after blast-off Sunday, in a closely watched...
  • Isar Aerospace, which had said it did not expect to reach orbit with the launch, said the two-stage rocket fell into the sea, adding that "the launch pad seems to be intact".
  • The 28-metre (92-foot) tall, two-meter diameter rocket has a one-ton carrying capacity, but was unloaded for the test flight.

Morocco ‘water highway’ averts crisis in big cities but doubts over sustainability

Morocco is spending hundreds of millions of dollars on tapping northern rivers to supply water to parched cities farther south...
  • Morocco has spent $728 million so far on what it dubs a "water highway" to redirect the surplus flow of the Sebou River to meet the drinking water needs of capital Rabat
  • Officials say the project has been a success in heading off the immediate threat to the water supply of the country's most populous region

Israel launches new Syria strikes amid Druze tensions

Israel launched more than 20 air strikes inside Syria late Friday, a war monitor said, following up an attack near...

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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.

Trump eyes ‘fair deal’ with China, but path to ending tariff war remains unclear

Trade tensions between the world's two biggest economies have soared as Trump ramped up levies on imports from China this...

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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.

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.
  • Net profit after tax for Q1 2025 was AED 1.7 billion, reflecting an 18 percent increase compared to Q1 2024.
  • Revenue for Q1 2025 improved by 14 percent to AED 2.9 billion compared to AED 2.5 billion for Q1 2024.