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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.

Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.

Global stocks mostly rise as Trump grants auto tariff relief

Stocks moved sideways on Monday after notching four straight positive sessions last week as Trump adopted a more conciliatory posture...
  • Trump's pivot includes limitations on the impact of multiple tariffs on carmakers and a measure to allow carmakers to offset a portion of the levy for two years
  • Investors are "encouraged by the Trump decision to be a little more flexible (...) with the autos," said CFRA Research's Sam Stovall, who predicted stocks could go higher

Saudi Arabia and Qatar to settle Syria’s World Bank debt

Riyadh, Saudi Arabia -- Saudi Arabia and Qatar announced on Sunday that they would settle Syria's debt to the World...
  • Both Gulf states have played a key role in the diplomatic outreach to Syria's new rulers since the ouster of longtime strongman Bashar al-Assad in December.
  • The statement came just days after Syria's central bank governor and finance minister attended the IMF and World Bank spring meetings for the first time in more than 20 years.

Trump trade war pushes firms to consider stockpiling

Even if they don't all acknowledge it so openly, firms in many different sectors are stockpiling their products in the United...
  • Whether it's the luxury, electronics or pharmaceutical sectors, US President Donald Trump's unpredictability complicates the calculations of firms.
  • Some companies didn't wait for Trump's April 2 announcement of massive "reciprocal" trade tariffs: they had already begun shipping more of their goods to the United States.

Tariff war: Xi says China must ‘overcome’ AI chip challenges

Beijing, China - President Xi Jinping said China must "overcome" the challenges of developing core AI technologies including high-end chips,...
  • China aims to dominate the artificial intelligence sector, a goal complicated by the trade standoff with Washington
  • Since the launch of ChatGPT in November 2022, generative AI models have proliferated in the United States and China

IMF, World Bank welcome efforts for Syria to reintegrate globally

Washington, United States - The International Monetary Fund and World Bank's leaders said in a joint statement Thursday that they...
  • The statement, issued with Saudi Arabia's finance minister, came as Syria's central bank governor and finance minister attended the IMF and World Bank's spring meetings
  • Significant amounts of Syria's infrastructure have been destroyed by 14 years of war, beginning with a crackdown by president Bashar al-Assad on a pro-democracy movement

Lebanon parliament approves changes to banking secrecy law

Beirut, Lebanon -- Lebanon's parliament on Thursday approved amendments to banking secrecy legislation, a key reform demanded by the International...
  • The international community has long demanded major fiscal reforms to unlock billions of dollars in aid to restart the Lebanese economy in the wake of a five-year economic collapse
  • The crash since 2019 has seen the local currency lose most of its value against the US dollar and has pushed much of the population into poverty.

The game of ‘chicken’ being played with the world economy can be brought to a cooperative end

A meaningful “G3” accord between the US, Europe, and China must include coordinated fiscal, monetary, development, and trade policies. From...
  • The hardline positions of the US and China on trade and tariffs are putting the world economy at risk, writes Richard Samans
  • Yet, Europe could broker a 'positive off-ramp' that fires on all of the cylinders of international cooperation

Trump eyes ‘fair deal’ with China, but path to ending tariff war remains unclear

Trade tensions between the world's two biggest economies have soared as Trump ramped up levies on imports from China this...
  • But how soon the tariffs can be lowered "depends on them," Trump said, referring to Beijing, even as he maintained that he gets along "very well" with Chinese President Xi Jinping
  • But earlier Wednesday, US Treasury Secretary Scott Bessent told reporters that the two countries are "not yet" talking when it comes to lowering tariffs

IMF cuts global growth outlook on impact of Trump tariffs

Washington, United States -- The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the...
  • The IMF projections see the global economy growing by 2.8 percent this year, 0.5 percentage points lower than the previous World Economic Outlook (WEO) forecast in January.
  • The IMF expects China, the world's second-largest economy, to see growth slump to 4.0 percent this year, down from 5.0 percent in 2024.

Gold hits record, dollar drops as tariff fears dampen sentiment

With several markets still closed for the Easter holiday, business was limited ahead of a week that will see the...
  • The precious metal was also helped by a weaker dollar, which has also been hit by worries about Trump's standoff with Fed boss Jerome Powell.
  • Stocks had a mixed start to the week, with Tokyo weighed by the stronger yen while Taipei, Jakarta and Bangkok were also in negative territory.

Warren Buffett says will retire from Berkshire Hathaway by year’s end

Buffett transformed Berkshire Hathaway from a medium-sized textile company when he bought it in the 1960s into a giant conglomerate,

Latest News

IMF says Omicron could slow global growth

According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.

Qatar takes key step to control own airspace

Qatar said on Tuesday that it has been given a preliminary green light by a UN body on a proposal...

G20 ministers set to green light global tax reform

Finance ministers from the G20 richest nations are expected to give the green light Saturday to a historic deal to...

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...

Saudi Arabia to create 40,000 jobs for its nationals

Job creation is part of Saudi strategy to help residents obtain high-quality jobs The strategy seeks to push more Saudi...

Trump trade war pushes firms to consider stockpiling

Even if they don't all acknowledge it so openly, firms in many different sectors are stockpiling their products in the United...

Tariff war: Xi says China must ‘overcome’ AI chip challenges

Beijing, China - President Xi Jinping said China must "overcome" the challenges of developing core AI technologies including high-end chips,...

IMF, World Bank welcome efforts for Syria to reintegrate globally

Washington, United States - The International Monetary Fund and World Bank's leaders said in a joint statement Thursday that they...

Most Read

The game of ‘chicken’ being played with the world economy can be brought to a cooperative end

A meaningful “G3” accord between the US, Europe, and China must include coordinated fiscal, monetary, development, and trade policies. From...
  • The hardline positions of the US and China on trade and tariffs are putting the world economy at risk, writes Richard Samans
  • Yet, Europe could broker a 'positive off-ramp' that fires on all of the cylinders of international cooperation

Trump eyes ‘fair deal’ with China, but path to ending tariff war remains unclear

Trade tensions between the world's two biggest economies have soared as Trump ramped up levies on imports from China this...
  • But how soon the tariffs can be lowered "depends on them," Trump said, referring to Beijing, even as he maintained that he gets along "very well" with Chinese President Xi Jinping
  • But earlier Wednesday, US Treasury Secretary Scott Bessent told reporters that the two countries are "not yet" talking when it comes to lowering tariffs

IMF cuts global growth outlook on impact of Trump tariffs

Washington, United States -- The International Monetary Fund on Tuesday slashed its forecast for global growth this year, citing the...
  • The IMF projections see the global economy growing by 2.8 percent this year, 0.5 percentage points lower than the previous World Economic Outlook (WEO) forecast in January.
  • The IMF expects China, the world's second-largest economy, to see growth slump to 4.0 percent this year, down from 5.0 percent in 2024.