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Business, Economy, Geostrategy

Luberef net profit falls 7% in Q1

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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.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

UAE ahead of US, UK as millionaire destination

Highest number of high-net-worth individuals may move to the UAE this year.
By TRENDS Desk
August 7, 2022 4:21 pm
  • Destinations such as Australia, Singapore, Israel, Switzerland, the United States, Portugal, Greece, Canada and New Zealand are behind UAE as preferred millionaire destinations.
  • Henley Global Citizens Report estimates that 15,000 High Net Worth Individuals could leave Russia by the end of this year.

The United Arab Emirates (UAE) is expected to attract highest number of super-rich people during 2022, overtaking other preferred destinations of the rich, such as the US, UK, and Russia,  according to the latest Henley Global Citizens Report.

Destinations such as Australia, Singapore, Israel, Switzerland, the United States, Portugal, Greece, Canada and New Zealand are behind the UAE as preferred millionaire destinations.

However, many millionaires may also move to Malta, Mauritius, and Monaco. TRENDS explains this inflow in numbers:

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