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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.

Saudi construction sector employs 3 million workers

  • The Gulf Cooperation Council countries have a high reliance on foreign labor. In 2020, foreign workers accounted for 60 percent of the total labor force.
  • GCC countries face high unemployment among nationals, shortage of skilled labor and a mismatch between the skills of nationals and the requirements of the labor market.

Dubai, UAE — The Gulf Cooperation Council countries have a high reliance on foreign labor. In 2020, foreign workers accounted for 60 percent of the total labor force in the GCC countries, mostly in the construction and manufacturing sectors. They face high unemployment among nationals, shortage of skilled labor and a mismatch between the skills of nationals and the requirements of the labor market. The governments are addressing labor market challenges by promoting vocational training and education for nationals, introducing quotas on foreign workers, facilitating the recruitment of skilled labor and encouraging female participation in the labor market. Here is the distribution of the labor force across five major sectors in the GCC countries: