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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 Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

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

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Real estate transactions worth $390m recorded Tuesday in Dubai

The mortgages included 81 villas, apartments and 26 land plots. (WAM)
  • The transactions included 553 sales transactions worth AED1.43 billion, 107 mortgage deals valued at  AED387.11 million and 12 gift deals amounting to AED43.73 million.
  • The sales included 508 villas and apartments worth AED1.09 billion and 45 land plots worth AED341.04 million.

Dubai, UAE — Dubai real estate market recorded transactions worth AED1.8 billion ($490 million) on Tuesday, Dubai Land Department said.

The transactions included 553 sales transactions worth AED1.43 billion, 107 mortgage deals valued at  AED387.11 million and 12 gift deals amounting to AED43.73 million.

The sales included 508 villas and apartments worth AED1.09 billion, and 45 land plots worth AED341.04 million.

Mortgages included 81 villas and apartments worth AED331.43 million and 26 land plots valued at AED55.68 million.