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Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

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.

US, China to publish details of ‘substantial’ trade talks in Geneva

The US and China will Monday give details of "substantial progress" touted by Washington on trade talks aimed at ending...
  • It was the first time senior officials from the world's two largest economies have met face-to-face to talk trade since Trump imposed steep new levies on China totalling 145%
  • The trade spat between Washington and Beijing has rocked financial markets and raised fears of a global economic slowdown and an inflationary spike in the United States

Asian markets rally after positive China-US trade talks

Asian stocks rallied Monday after top Chinese and US officials held "substantial" trade talks at the weekend, fuelling hopes the...
  • Investors have been on a rollercoaster ride since Donald Trump unveiled eye-watering tolls on trading partners on April 2
  • The US president eventually hiked the measures against China to 145 percent, which were met with retaliatory rates of 125 percent

Washington hails ‘substantive progress’ after trade talks with China

Washington expressed optimism at the end of a weekend of trade talks with China aimed to de-escalate trade tensions sparked...
  • The meetings marked the first time senior officials from the two countries met since Trump slapped steep levies on China
  • After the first day of negotiations, Trump had posted on Truth Social that the discussions had been "very good"

Trump hails ‘total reset’ in US-China trade relations as talks continue

Geneva, Switzerland - US President Donald Trump hailed a "total reset" in US-China trade relations, ahead of a second day...
  • The discussions are the first time senior officials from the world's two largest economies have met face-to-face to tackle the thorny topic of trade
  • Ahead of the meeting, Trump signaled he might lower the tariffs, suggesting on social media that an "80% Tariff on China seems right!"

US and China meet in ‘important step’ towards de-escalating trade war

Geneva, Switzerland - Senior US and Chinese officials were meeting in Geneva Saturday in what Chinese state media described as...
  • US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer were holding talks with Chinese Vice Premier He Lifeng
  • The talks were being held at the residence of the Swiss ambassador to the United Nations in Geneva

US and China prepare for trade talks as Trump floats tariff cut

Senior US and Chinese officials are in Switzerland this weekend for talks aimed at de-escalating a burgeoning trade war sparked...
  • Tariffs imposed on the Asian manufacturing giant since the start of the year currently total 145 percent, with cumulative duties on some goods reaching a staggering 245 percent.
  • In retaliation, China slapped 125 percent levies on US goods, cementing what is effectively a trade embargo between the world's two largest economies

Damascus, Ankara agree natural gas deal for Syria

Damascus, Syria - Syrian Energy Minister Mohammad al-Bashir said Friday Damascus and Ankara had reached a deal for Turkey to...
  • Syria's Islamist authorities, who toppled Bashar al-Assad in December, are seeking to rebuild the country's infrastructure
  • The conflict badly damaged Syria's power infrastructure, leading to cuts that can last for more than 20 hours a day

‘Bombshell’ OPEC+ output hike hits oil price

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water...
  • The output increase of 411,000 barrels a day announced by Saudi Arabia, Russia and six other members of the oil cartel on Saturday added to concerns about over-supply
  • The price of crude has already been sliding because of fears of a global economic slowdown on the back of US President Donald Trump's tariff onslaught

Global rice output in 2024/25 likely to expand by 1.5%: FAO

Rome, Italy --  The Food and Agriculture Organization of the United Nations (FAO) released a new Cereal Supply and Demand...
  • FAO’s latest forecast for 2025 wheat production is pegged at 795 million tons, on par with the previous year.
  • FAO’s new forecast for world cereal utilization in 2024/25 stands at 2 870 million tons, a 1.0 percent increase over the 2023/24 level.

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,
  • Buffett's success, coupled with his ability to explain his thinking in clear soundbites, has made him highly influential in the business and financial communities
  • Several years ago, Buffett had already indicated that the 62-year-old Abel would be his pick for successor in an interview with CNBC

UAE-Morocco consortium sign $14 billion worth of energy, water infrastructure projects

Morocco on Monday signed deals with an Emirati-Moroccan consortium for energy and water infrastructure projects, which according to one of...

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...

Washington hails ‘substantive progress’ after trade talks with China

Washington expressed optimism at the end of a weekend of trade talks with China aimed to de-escalate trade tensions sparked...

Trump hails ‘total reset’ in US-China trade relations as talks continue

Geneva, Switzerland - US President Donald Trump hailed a "total reset" in US-China trade relations, ahead of a second day...

US and China meet in ‘important step’ towards de-escalating trade war

Geneva, Switzerland - Senior US and Chinese officials were meeting in Geneva Saturday in what Chinese state media described as...

Most Read

Damascus, Ankara agree natural gas deal for Syria

Damascus, Syria - Syrian Energy Minister Mohammad al-Bashir said Friday Damascus and Ankara had reached a deal for Turkey to...
  • Syria's Islamist authorities, who toppled Bashar al-Assad in December, are seeking to rebuild the country's infrastructure
  • The conflict badly damaged Syria's power infrastructure, leading to cuts that can last for more than 20 hours a day

‘Bombshell’ OPEC+ output hike hits oil price

Oil prices slumped on Monday after eight OPEC+ members announced a sharp increase in production, while Asian stocks treaded water...
  • The output increase of 411,000 barrels a day announced by Saudi Arabia, Russia and six other members of the oil cartel on Saturday added to concerns about over-supply
  • The price of crude has already been sliding because of fears of a global economic slowdown on the back of US President Donald Trump's tariff onslaught

Global rice output in 2024/25 likely to expand by 1.5%: FAO

Rome, Italy --  The Food and Agriculture Organization of the United Nations (FAO) released a new Cereal Supply and Demand...
  • FAO’s latest forecast for 2025 wheat production is pegged at 795 million tons, on par with the previous year.
  • FAO’s new forecast for world cereal utilization in 2024/25 stands at 2 870 million tons, a 1.0 percent increase over the 2023/24 level.