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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.

Chinese firm announces $5bn investment in solar power chain in UAE

This picture taken on November 28, 2009 shows a security guard standing under solar panels at the entrance of solar cell maker Trina Solar in Changzhou. AFP
December 8, 2023 8:04 am
  • Katherine Gao, Trina Solar CEO, described COP28 as an inspiring platform for leading companies to showcase their smart solutions in the fields of renewable energy
  • The event, she added, provides an opportunity to exchange solutions with industry leaders and governments to integrate environmental practices across the supply chain

Dubai, UAE – Trina Solar, a Chinese renewable energy company, announced on Thursday plans to invest US$5 billion to create an integrated solar power generation chain in the UAE, its CEO Katherine Gao said.

The project is expected to create jobs for more than 7,000 people. Gao said

Speaking to the Emirates News Agency (WAM), Gao described COP28 as an inspiring platform for leading companies to showcase their innovative services and smart solutions in the fields of new and renewable energy.

The event, she added, provides an opportunity to exchange solutions with industry leaders, governments, and communities in the UAE to integrate environmental practices across the supply chain.

Gao also highlighted the strong partnership between the UAE and China in renewable energy. Trina Solar has provided a number of services and products to some of the UAE’s major solar power projects since 2012.

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