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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.

Qatar to set up Centre for Fourth Industrial Revolution

The index of the manufacturing sector showed a fall of 5.2 percent in November 2023 compared to the previous month (October 2023).
  • A Centre for the Fourth Industrial Revolution will also be established in Vietnam.
  • WEF and GovTech Campus Deutschland announces the establishment of the Global Government Technology Centre Berlin.

Davos, Switzerland — The war in Ukraine, tensions in the Middle East, monetary policy in 2024, jobs, equitable economic growth, energy demand, artificial intelligence, and the need to find a common ground were some of the issues discussed at the third day of Davos summit.

C4IR to be established in Qatar

Several initiatives were also announced today. The World Economic Forum has signed a collaboration agreement with Qatar to establish a Centre for the Fourth Industrial Revolution (C4IR) in the Gulf state. A Centre for the Fourth Industrial Revolution will also be established in Vietnam.

HRI initiative

The World Economic Forum’s Humanitarian and Resilience Investing (HRI) Initiative announced more than 50 commitments, from over 40 partners, to boost impact investment in frontier markets.

Global Government Technology Center established in Berlin

The World Economic Forum and GovTech Campus Deutschland announced the establishment of the Global Government Technology Centre Berlin. Also, the First Movers Coalition (FMC) has reached 96 members, with more than 120 commitments to purchase near-zero emission goods and services by 2030.