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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.

‘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

‘Something is rotten’: Apple’s AI strategy faces doubts

New York, United States - Has Apple, the biggest company in the world, bungled its generative artificial intelligence strategy? Doubts...
  • Doubts arose when tech analyst John Gruber criticized Apple in a blog titled "Something Is Rotten in the State of Cupertino."
  • The analyst admitted frustration for not questioning Apple's Siri genAI upgrade announced last June

Hamas says agrees to new Gaza truce proposal received from mediators but warns its weapons a ‘red line’

The talks in Doha started a day after Israeli Prime Minister Benjamin Netanyahu threatened to seize parts of Gaza if...
  • Prime Minister Benjamin Netanyahu's office confirmed it had also received a proposal from the mediators and had submitted a counter-proposal in response
  • The fragile truce that had brought weeks of relative calm to the Gaza Strip ended on March 18 when Israel resumed its bombing campaign across the territory

Saudi marks Eid al-Fitr today, other Mideast states on Monday

Saudi Arabia and some other Gulf Arab states are to celebrate the Eid al-Fitr holiday from Sunday but other Middle...
  • The United Arab Emirates and Qatar also announced Sunday would be the first day of the holiday
  • But neighbouring Oman and Jordan, as well as Shiite-majority Iran, said that Eid al-Fitr would not begin until Monday

Trump says Iran faces ‘bad, bad things’ if no nuclear deal after Tehran responds to a letter from him

"I sent them a letter just recently, and I said: you have to make a decision, one way or the...
  • Trump in 2018 pulled the United States out of an agreement to relieve sanctions on Iran in return for curbs on its nuclear program
  • Tehran has refused to negotiate directly with Washington under these circumstances, but has held out the possibility of indirect talks

Film stars blast Academy for ‘failing to defend’ Palestinian filmmaker

Los Angeles, United States - Movie stars including Joaquin Phoenix, Penelope Cruz and Richard Gere have blasted the Academy of...
  • Hamdan Ballal co-directed "No Other Land," which won best documentary at this year's Academy Awards
  • Unlike multiple other prominent filmmaker groups, the US-based Academy initially did not issue a statement

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.
  • Net profit last year also saw growth, rising nearly 40 percent percent to 1.9 billion yuan.
  • China now dominates the global wind sector in terms of total installed capacity, aided over the years by generous strategic subsidies from Beijing.

Pro-Palestine rallies held in many countries on Quds Day

Quds (Jerusalem) Day commemorations were launched in 1979 by Ayatollah Ruhollah Khomeini, the founder of the Islamic republic, which has...
  • Crowds gathered in the streets of Tehran after supreme leader Ayatollah Ali Khamenei urged the Iranian people to protest against "the enemies' tricks".
  • Thousands also gathered in the Yemeni capital Sanaa in demonstrations described by the rebels' TV channel as "the largest in the Arab Islamic world".

Trump’s next 100 days: Now comes the hard part

In a dizzying first three months, Trump wielded executive power like no other modern president, signing more than 140 orders...

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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.