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Business, Economy, Infographic

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, UAE report highest levels of gross debt

By TRENDS Desk
January 10, 2024 6:13 pm
  • Developing countries spent a record $443.5 billion to service their external public and publicly guaranteed debt in 2022, the World Bank said recently.
  • The increase in costs shifted scarce resources away from critical needs such as health, education, and the environment.

Dubai, UAE — The World Bank recently said that amid the biggest surge in global interest rates in four decades, developing countries spent a record $443.5 billion to service their external public and publicly guaranteed debt in 2022.

The increase in costs shifted scarce resources away from critical needs such as health, education, and the environment. Saudi Arabia and the UAE, the biggest economies in the Arab world, reported the highest levels of gross debt in the region.

TRENDS takes a look at debt situation in some of the Arab countries vis-a-vis the global rankings:

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