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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.

WFP says has depleted all Gaza food stocks as Israel blocks aid

After 18 months of war, the situation in Gaza "is probably the worst" now, the United Nations' humanitarian agency OCHA...
  • WFP added that all 25 bakeries it supports in Gaza were forced to close on March 31 as wheat flour and cooking oil ran out.
  • "This is the longest closure the Gaza Strip has ever faced, exacerbating already fragile markets and food systems," it said.

Chinese firms extend EV range with petrol generators

The generator, known as a range extender, is connected to the cars' batteries and feeds them only when needed. Since...
  • This technology grew faster in China last year than any other type of powertrain, the system that propels a vehicle forward.
  • More than one million EREVs were sold, representing a total market share of six percent, according to the McKinsey consultancy.

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...
  • Trump is set to visit Saudi Arabia next month on a Middle East tour that was expected to be his first overseas trip since retaking the White House.
  • Trump forged close relations with Riyadh in his first term and is expected to push Saudi Arabia towards normalizing ties with Israel as a major foreign policy objective.

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...
  • "What has been discovered corresponds to a woman who apparently had elevated status, an elite woman," archaeologist David Palomino told AFP
  • The mummy was found in Aspero, a sacred site within the city of Caral that was a garbage dump for over 30 years until becoming an archaeological site in the 1990s

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...
  • The statement, issued with Saudi Arabia's finance minister, came as Syria's central bank governor and finance minister attended the IMF and World Bank's spring meetings
  • Significant amounts of Syria's infrastructure have been destroyed by 14 years of war, beginning with a crackdown by president Bashar al-Assad on a pro-democracy movement

Trump confidant Steve Witkoff leads Iran talks amid nuclear tensions, Europe urged to rejoin diplomatic efforts

Witkoff, a businessman friend of Trump who has become his globe-trotting negotiator, last met Foreign Minister Abbas Araghchi on Saturday...
  • Witkoff, a businessman friend of Trump who has become his globe-trotting negotiator, last met Foreign Minister Abbas Araghchi on Saturday in Rome
  • The State Department announced that Witkoff would himself attend the technical talks to take place Saturday in Oman where he held his first meeting with Araghchi on April 12

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.

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...
  • The international community has long demanded major fiscal reforms to unlock billions of dollars in aid to restart the Lebanese economy in the wake of a five-year economic collapse
  • The crash since 2019 has seen the local currency lose most of its value against the US dollar and has pushed much of the population into poverty.

Pakistan warns will ‘avenge’ deaths from Indian strikes

India's army said it destroyed nine "terrorist camps" in Pakistan in the early hours of Wednesday, two weeks after New...

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Hamas armed wing releases video of apparently injured Israeli hostage

The armed wing of Hamas, the Ezzedine al-Qassam Brigades, released a video Saturday showing an Israeli-Russian hostage who appeared to have...

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...

Murderer of Palestinian-American boy sentenced to 53 years

Washington, United States - An Illinois man was sentenced to 53 years in prison on Friday for the murder of...

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Cat sole survivor of 115-meter fall at Bryce Canyon National Park

Los Angeles, United States - A cat that fell alongside a couple into a 115-meter-high canyon was the only survivor...
  • The feline "was found in a black soft-sided carrier that was dirty and torn, but seemed to have weathered the fall fairly well," the Best Friends Animal Society said
  • It added that cat's bloodwork showed no signs of abnormality but that staff was awaiting x-rays to determine whether there were any other injuries

Apple expects $900 million hit from tariff war

Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting...
  • Cook said he expected "a majority of iPhones sold in the US will have India as their country of origin."
  • Tit-for-tat exchanges have seen hefty US levies imposed on China, with Beijing setting retaliatory barriers on US imports

Israel says intercepts missile fired from Yemen

The Israeli military said Friday it intercepted a missile fired from Yemen, where Huthi rebels recently claimed responsibility for a...
  • Yemen's Iran-backed Huthi rebels have not claimed responsibility for the Friday launch, but said Sunday they had launched a "hypersonic missile" at the Nevatim air base
  • The Huthis are part of Iran's "axis of resistance" against Israel and the United States, portraying themselves as defenders of Palestinians in the Gaza Strip amid the ongoing war