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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

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The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

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Egypt ranks globally fifth in remittances

By Hilal Mir
February 14, 2023 11:10 pm
  • Remittances to low- and middle-income countries withstood global headwinds in 2022, growing an estimated 5 percent to $626 billion.
  • The growth was, however, lower than the 10.2 percent increase in 2021, World Bank Migration and Development Brief said in a report in Nov 2022.

Dubai, UAE—Remittances to low- and middle-income countries withstood global headwinds in 2022, growing an estimated 5 percent to $626 billion, which is lower than the 10.2% increase in 2021, World Bank Migration and Development Brief said in a report in Nov 2022. Remittances are a vital source of household income for Low and Middle-Income countries, as they alleviate poverty, improve nutritional outcomes, and are associated with increased birth weight and higher school enrollment rates for children in disadvantaged households, the World Bank said. TRENDS takes a look at remittances in the Arab world in 2022:

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