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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.

Trump says urged Apple to manufacture in US not India

Doha, Qatar - US President Donald Trump said Thursday he urged Apple to manufacture its products in the United States...

Loyalty Lost: How brands need to adapt to the modern traveler

Dubai, UAE: As 2025 unfolds, travel brands are facing a significant challenge: customer loyalty. Traditional rewards programmes, often based on points systems,...
  • To stay competitive, brands must move away from price-based rewards like discounts, which can boost short-term sales but impact profitability
  • Instead, focusing on personalised offers, exclusive experiences, and tiered memberships is key to fostering long-term customer loyalty

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.
  • In 2024, group's chairman Sheikh Ahmed bin Saeed Al Maktoum urged Boeing to "fix" its problems, warning the embattled aircraft-maker he was unhappy with delays to the 777X.
  • Boeing had been mired in problems including safety concerns after two 737 MAX crashes within five months and another scare involving the aircraft over Alaska in Jan 2024.

Meta releases standalone AI app, competing with ChatGPT

San Francisco, United States -- Social media behemoth Meta unveiled its first standalone AI assistant app on Tuesday as it...
  • Zuckerberg said the app "is designed to be your personal AI" and would be primarily accessed through voice conversations with the interactions personalized to the individual user.
  • The release comes as OpenAI stands as a leader of straight-to-user AI through its ChatGPT assistant that is regularly updated with new capabilities.

Amazon launches first Starlink-rival internet satellites

Project Kuiper, a subsidiary of the online retail giant founded by Jeff Bezos, is playing catch-up with Starlink - SpaceX's...
  • The $10 billion initiative plans to deploy 3,200 satellites into low Earth orbit - the region of space up to 1,200 miles - with hopes of going live later this year
  • SpaceX launched the first batch of Starlink satellites in 2019 and now boasts more than 6,750 operational units, serving over five million customers worldwide

Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.
  • Sinopec and its unit shall contribute $990 million and $1.98 billion in cash, respectively.
  • AAS will allocate the remaining amount, representing 25 percent of the JV’s registered capital.

Amazon set for launch of its first batch of Starlink-rival satellites

Washington, United States -- After delaying an earlier attempt due to bad weather, Amazon is preparing to launch its first...
  • The mission, called Kuiper Atlas 1, is scheduled to lift off from Cape Canaveral Space Force Station in Florida at 7:00 pm local time (2300 GMT).
  • The $10 billion initiative plans to deploy 3,200 satellites into low Earth orbit -- the region of space up to 1,900km above the planet.

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.
  • The airline highlighted the aircraft's enhanced guest experience, including a first-class offering typically found on larger planes.
  • The aircraft features new First Suites with sliding doors and lie-flat beds, 14 lie-flat business-class seats with direct aisle access, and upgraded economy seating.

Gen Z travellers in UAE seek purposeful, tech-enabled journeys: Wyndham study

Dubai, UAE - Gen Z travellers in the UAE are reshaping the future of tourism, prioritizing cultural immersion, sustainability, and...
  • The study, conducted by YouGov, found that nearly two-thirds (63%) of Gen Z respondents prefer accommodations that reflect local culture
  • Meanwhile, social media platforms like Instagram and TikTok are driving travel choices for 26% of them, with 79% already using or eager to use AI tools to plan their trips

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.
  • The group distributed SAR0.55 per share for the first quarter of 2025, in accordance with the dividends distribution policy approved by the General Assembly.
  • Gross profit rose by 5.01 percent to SAR 9.098 million, operating profit increased by 2.02 percent to SAR 3.584 billion, and EBITDA grew by 5.25 percent to SAR 6.120 billion. 

Screens, drones, massages: Shanghai flaunts the future of cars

Shanghai, China -- At the huge Auto Shanghai industry show this week, the chatter was less about powerful engines and...
  • Chinese consumers place more value on interior comfort compared to other markets, according to European carmakers.
  • Visitors at Auto Shanghai queued to sit in luxurious minivans with chrome radiator grilles and reclining rear seats.

Trump says urged Apple to manufacture in US not India

Doha, Qatar - US President Donald Trump said Thursday he urged Apple to manufacture its products in the United States...

Latest News

Musk kicks Kanye West off Twitter for ‘incitement to violence’ 

West has made a series of anti-Semitic comments recently, as the one-time titan of fashion and music appears to have...

Oman sees hospitality industry revenue fall 3.5%

The National Centre for Statistics and Information says domestic guest have supported the Oman's hotels.

Proof of Covid-19 vaccination, PCR test needed to enter Expo Dubai

Expo 2020 visitors will need a coronavirus vaccination or a negative PCR test to enter, organisers in Dubai has said....

Cyberattack hits hundreds of US businesses

A US IT company urges customers to shut down their servers after the attack UN Security Council members recently warned...

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...

Meta releases standalone AI app, competing with ChatGPT

San Francisco, United States -- Social media behemoth Meta unveiled its first standalone AI assistant app on Tuesday as it...

Amazon launches first Starlink-rival internet satellites

Project Kuiper, a subsidiary of the online retail giant founded by Jeff Bezos, is playing catch-up with Starlink - SpaceX's...

Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.

Most Read

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.
  • The airline highlighted the aircraft's enhanced guest experience, including a first-class offering typically found on larger planes.
  • The aircraft features new First Suites with sliding doors and lie-flat beds, 14 lie-flat business-class seats with direct aisle access, and upgraded economy seating.

Gen Z travellers in UAE seek purposeful, tech-enabled journeys: Wyndham study

Dubai, UAE - Gen Z travellers in the UAE are reshaping the future of tourism, prioritizing cultural immersion, sustainability, and...
  • The study, conducted by YouGov, found that nearly two-thirds (63%) of Gen Z respondents prefer accommodations that reflect local culture
  • Meanwhile, social media platforms like Instagram and TikTok are driving travel choices for 26% of them, with 79% already using or eager to use AI tools to plan their trips

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.
  • The group distributed SAR0.55 per share for the first quarter of 2025, in accordance with the dividends distribution policy approved by the General Assembly.
  • Gross profit rose by 5.01 percent to SAR 9.098 million, operating profit increased by 2.02 percent to SAR 3.584 billion, and EBITDA grew by 5.25 percent to SAR 6.120 billion.