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Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

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

Arab League to meet in Baghdad to discuss regional crises, key leaders may give it a miss

The Arab League is meeting in Baghdad on Saturday to discuss Gaza and other regional crises, but some key leaders...
  • The war in Gaza is expected to dominate the agenda, especially after Israel approved plans to expand its offensive and spoke of the "conquest" of the territory
  • United Nations chief Antonio Guterres will attend the summit, and Spanish Prime Minister Pedro Sanchez is expected to address it as a guest

Israel launches ‘initial stages’ of new Gaza operation, threatens Huthi leaders after striking Yemen ports

The operation is part of "the expansion of the battle in the Gaza Strip, with the goal of achieving all...
  • The offensive, known as "Operation Gideon's Chariots", comes as Israel faces pressure to lift a sweeping aid blockade in return for a US-Israeli hostage released by Hamas
  • Israel resumed its military offensive in Gaza on March 18 after a two-month truce in its war against Hamas, triggered by an attack by the Palestinian group in October 2023

No Israel stop for Trump on Mideast tour shows shifting ties

Jerusalem, Undefined -- US President Donald Trump's decision to skip over Israel in his Middle East tour was just the...
  • The United States in early May sealed a ceasefire with Yemen's Houthi rebels that has left Israel out of the picture.
  • The deal was announced just hours after a missile fired by the rebels landed within the perimeter of Tel Aviv's international airport, leading to the cancellation of flights.

World Bank announces plans to restart Syria operations

Washington, United States -- The World Bank on Friday said it would restart operation in Syria following a 14-year pause,...
  • The Bank's operation in Syria were halted when the civil war broke out in 2011, preventing the country from gaining access to its development loans, grants, and technical expertise
  • Earlier this week, Saudi Arabia and Qatar paid off Syria's outstanding debts of around $15.5 million to the Washington-based institution.

Gaza strikes kill 120 as Hamas says aid entry ‘minimum requirement’ for talks

Aid to Gaza has been cut off since March 2, a tactic Israel has said is intended to force concessions...
  • Hamas warned that Gaza was not "for sale" hours after Donald Trump, on a visit to the region, again floated taking over the territory and turning it into "a freedom zone.'
  • Israel's aid blockade preceded a resumption of military operations on March 18, ending a ceasefire that had largely halted hostilities since mid-January

Iran, European powers to hold nuclear talks in Turkey

The Istanbul meeting follows Foreign Minister Abbas Araghchi's warning of "irreversible" consequences if the European powers move to reimpose United...
  • The Istanbul meeting follows Foreign Minister Abbas Araghchi's warning of "irreversible" consequences if the European powers move to reimpose UN sanctions on Iran
  • Trump effectively torpedoed the deal during his first term in 2018, by unilaterally abandoning it and reimposing sanctions on Iran's banking sector and oil exports

Trump caps Gulf tour in Abu Dhabi with dizzying investment pledges, deal worth $1.4 trn signed

US President Donald Trump on Friday capped off a Gulf tour in Abu Dhabi that has seen the securing of...
  • On his first foreign tour of his second term, Trump oversaw a $200 billion order from Qatar Airways for Boeing jets and a $600 billion investment from Saudi Arabia
  • Trump also expressed optimism over reaching a new agreement with Iran over its nuclear programme, and in a seismic diplomatic shift, decided to lift decades-long sanctions on Syria

Gaza air strikes kill over 100 as manhunt unfolds in West Bank

Palestinian rescuers reported more than 100 people killed Thursday in Israeli strikes on blockaded Gaza, where a US-backed organisation said...
  • In the occupied West Bank, raids were ongoing and roads blocked after Israel's military chief vowed to find the perpetrators of an attack that killed a pregnant Israeli woman
  • "Israel's blockade has transcended military tactics to become a tool of extermination", Human Rights Watch executive director Federico Borello said in a statement Thursday

Trump says getting close to deal to avoid Iran action

US President Donald Trump said Thursday a deal was close on Iran's nuclear programme that would avert military action, sending...
  • Trump has said the tour has resulted in trillions of dollars in deals and is hoping to secure more billion-dollar business agreements in the UAE
  • Iran has held four rounds of talks with Trump's administration which has sought to avert threatened military action by Israel

Warm Trump-Erdogan ties puts Turkey at heart of peace diplomacy

Turkey is deploying all-out diplomatic efforts to secure a Russia-Ukraine deal, to ease Syria's relations with the West and facilitate...
  • Turkish President Recep Tayip Erdogan took part remotely in a landmark Riyadh meeting between Trump and Syria's new leader Ahmed al-Sharaa
  • Analysts say Washington has gravitated towards Turkey thanks to the personal connection between Trump and Erdogan

US asking countries for ‘voluntary’ Palestinian relocation: Rubio

Israel has again warned the population of Gaza -- nearly entirely displaced since the war broke out over the October...

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Morocco to reopen embassy in Syria after Assad fall

Morocco said Saturday it will reopen its embassy Damascus, closed since 2012, signalling renewed support for Syria after the overthrow...

A day after first direct talks between officials, Kremlin says Putin-Zelensky meeting possible only after pact

The Kremlin said Saturday a meeting between Russia's Vladimir Putin and Ukraine's Volodymyr Zelensky would be possible only after both...

Arab summit presses for end to Gaza ‘bloodshed’ as Israel launched an expanded military offensive

Arab leaders meeting Saturday at a summit in Baghdad urged the international community to press for a Gaza ceasefire, as...

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Trump reshapes US Mideast policy. Can deals work instead?

The Israeli military said Saturday it had launched "extensive strikes" as part of a fresh offensive in Gaza, after rescuers...
  • Trump vowed during his swing through Saudi Arabia, Qatar and the United Arab Emirates that there would be no more "lectures on how to live."
  • In an extraordinary rupture with his predecessors, Trump then lambasted what he called the "neo-cons" that oversaw bloody US military interventions in the region

Arab League to meet in Baghdad to discuss regional crises, key leaders may give it a miss

The Arab League is meeting in Baghdad on Saturday to discuss Gaza and other regional crises, but some key leaders...
  • The war in Gaza is expected to dominate the agenda, especially after Israel approved plans to expand its offensive and spoke of the "conquest" of the territory
  • United Nations chief Antonio Guterres will attend the summit, and Spanish Prime Minister Pedro Sanchez is expected to address it as a guest

Israel launches ‘initial stages’ of new Gaza operation, threatens Huthi leaders after striking Yemen ports

The operation is part of "the expansion of the battle in the Gaza Strip, with the goal of achieving all...
  • The offensive, known as "Operation Gideon's Chariots", comes as Israel faces pressure to lift a sweeping aid blockade in return for a US-Israeli hostage released by Hamas
  • Israel resumed its military offensive in Gaza on March 18 after a two-month truce in its war against Hamas, triggered by an attack by the Palestinian group in October 2023