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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.

Real estate, e-commerce to push UAE growth

  • The UAE economy recorded its fastest growth rate in over a decade despite the global economic slowdown.
  • The IMF expects the UAE’s non-oil economy to grow by about 4 percent in 2023 and accelerate over the medium-term.

Dubai, UAE — The UAE economy recorded its fastest growth rate in over a decade despite the global economic slowdown, with the first half of 2022 witnessing unprecedented growth of nearly 8.5 percent, the country’s Minister of Economy Abdullah bin Touq Al Marri said recently on the sidelines of Investopia 2023 in Abu Dhabi.

The IMF expects the UAE’s non-oil economy to grow by about 4 percent in 2023 and accelerate over the medium-term as ongoing reforms are implemented. This figure will make the Emirates the fastest growing economy in the Arabian Gulf in 2023. TRENDS takes a look at some of the most promising sectors in the UAE economy this year.