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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.

Elon Musk’s X supports US student in trouble over posts

Dubai, UAE--Elon Musk’s X has made good on its promise to back users who are being punished for statements they...
  • The student, Juan David Campolargo, was found to be violating the university's student code of conduct, according to Campolargo's lawyers
  • Musk voiced his support for the college student in a brief post on X, "We will do whatever it takes to support your right to free speech!"

UAE issue guidelines on unlicensed virtual asset service providers

Abu Dhabi, UAE - The National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organizations Committee (NAMLCFTC)...
  • The guidance aims to educate licensed financial institutions (LFIs) and public sector on the risks associated with unlicensed virtual asset service providers.
  • It aligns with Financial Action Task Force (FATF) publication on updated guidance for a risk-based approach to virtual assets and virtual asset service providers.

Turkmenistan plants over 470,000 trees in a single day

Turkmenistan is one of the most closed societies in the world, where dissent is outlawed and the Berdymukhamedov family have...
  • The United Nations Food and Agriculture Organization (FAO) says water stress in Turkmenistan is "extremely high".
  • Three-quarters of the country are covered by the black sands of the Karakum Desert and annual precipitation is below 100 mm in places.

200,000-year-old hand axe found in Saudi Arabia’s AlUla region

AlUla, Saudi Arabia -- The Royal Commission for AlUla (RCU) has announced that the archeological excavation teams at the Qurh...
  • It is a strong tool, made of soft basalt stone 51.3 cm long, that could have been used for cutting or chopping. Studies are still conducted to identify the purpose of its use.
  • The ancient tool was discovered by a team of archeologists from the heritage consultancy TEOS Heritage, which is exploring the area around Qurh, south of AlUla.

Saudi set to host FIFA World Cup 2034 in either summer or winter

Despite summer temperatures touching 50 degrees Celsius (122 Fahrenheit) in the major cities, Saudi Arabian Football Federation president Yasser al-Misehal...
  • Misehal also indicated that Saudi Arabia intends to push ahead and host the tournament alone, without asking its neighbors to hold any games.
  • That would make Saudi the first country to organize the newly expanded, 48-team World Cup on its own, after the joint hostings in 2026 and 2030.

In UK, tourists discover darker side of Oxford and Cambridge

Courses are not the subject of walking tour, which instead focuses on "difficult legacies" -- a burning issue brought to...
  • First stop on the tour is Oriel College, outside of which sits a statue of alumnus Cecil Rhodes (1853-1902), a colonizer who dreamed of a British Africa from Cape Town to Cairo.
  • A guide and student Claire McCann, originally from South Africa, read a quote of Rhodes in which he described Africans as the "most despicable specimens of human beings".

Saudia records 50 percent growth in operations during Umrah season

JEDDAH, SAUDI ARABIA - From the start of the month of Muharram until the end of Rabi' Al-Awwal, Saudia Airlines...
  • Its commitment to operate during the Umrah season for the year 1445 Hijri aligns with Saudia’s dedication to contribute to the Saudi Vision 2030 goals.
  • Saudia planned to provide additional charter flights during the current Umrah season, aiming to transport more than 100,000 Umrah performers through new stations.

Two falcons sold for $41,067 at Saudi Falcons Club Auction

Riyadh, Saudi Arabia - Two falcons were sold for 154,000 Saudi Riyals ($41,067) amid a large turnout of falcon enthusiasts...
  • The auction is held as part of the Saudi effort to promote the falconry heritage and support falcon breeders and enthusiasts in the Kingdom
  • The auction also seeks to support falconry investment, develop falcon auctions, and regulate the buying and selling of falcons

Educational institutions are shaping UAE’s tomorrow

"Dubai's schools attract students of various nationalities seeking holistic education. These schools emphasize well-rounded education, with a sports culture enhancing...
  • DSC Chairman Sheikh Mansoor emphasizes the role of sports in education for shaping the UAE's future.
  • The vitality and joy imbued in young minds through sports hone innate talents and intellects, he adds.

Esports scores big for Saudi economy, culture & jobs

The Kingdom, with its passion for sports and tech, is set to reshape the competitive gaming landscape by hosting the...
  • The Kingdom, with its passion for sports and tech, is set to reshape the competitive gaming landscape by hosting the world's premier Electronic Sports World Cup from 2024.
  • By 2030, Esports is set to add US$13.3bn to Saudi GDP, with 67% of Saudis into electronic gaming, potentially creating 39,000 jobs, and producing 30 world-class games.

‘My entire life’: Saudi tailor keeps robe-making craft alive

Hofuf, Saudi Arabia - Saudi tailor Habib Mohammed's shop once made ornate, hand-woven cloaks for royals, a time-honoured craft he...

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World’s only Dragon Ball theme park launched in Saudi Arabia’s Qiddiya City

RIYADH, SAUDI ARABIA – The Board of Directors of the Qiddiya Investment Company (QIC) revealed on Sunday the launch of...

The unexplained: Giant Swedish archive logs paranormal phenomena

The Archives for the Unexplained (AFU) claims to be the world's biggest library of paranormal phenomena, with 4.2 kilometers of...

Al-Azhar Ash-Sharif celebrates 1084th anniversary

Cairo, Egypt -  Historic al-Azhar Mosque marked its 1084th anniversary of its founding on March 17,  celebrated by al-Azhar ash-Sharif...

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US House of Representatives overwhelmingly passes TikTok ban bill

The measure requires TikTok's parent company ByteDance to sell the app within 180 days or see it barred from the...
  • The fate of the bill is uncertain in the Senate, where some key figures are apprehensive of making such a drastic move against an app that has 170 million US users.
  • China warned that the move will "inevitably come back to bite the United States." TikTok staunchly denies any ties to the Chinese government.

High inflation leaves Nigeria struggling ahead of Ramadan

Lagos, Nigeria - The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in...
  • With food inflation at around 35 percent, worshipers taking part in Friday prayers at the central mosque in Lagos said they were barely able to provide for their families
  • The government brought in reforms last year that have had a devastating effect on citizens of Africa's biggest economy, where around half the population is Muslim

UAE elected Vice Chair of UNESCO’s committee for promotion of cultural diversity

Abu Dhabi, UAE - The UAE has been elected the Vice Chair of the UNESCO's Intergovernmental Committee (IGC) for the...
  • The appointment was made during the 17th meeting of the committee, which was recently held at UNESCO’s HQ in Paris, France
  • It acknowledges the UAE’s contributions to cultural diversity and its role in fostering a multicultural society both regionally and globally