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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 doubles down on Gaza shock plan, says Israel will turn over the territory to US

Trump said that by the time of the handover, Palestinians "would have already been resettled in far safer and more...
  • Trump first made the stunning proposal to audible gasps during a joint press conference with Netanyahu on Tuesday, whom he was hosting at the White House for talks
  • Suggesting "long-term ownership" by the US, Trump said he would make Gaza the Riviera of the Middle East, and that "this could be something that could be so magnificient".

West Bank’s Jenin camp going in ‘catastrophic direction’: UNRWA

The Israeli military launched a major offensive in the West Bank on January 21 aimed at rooting out Palestinian armed...
  • The operation has also seen troops levelling buildings in a refugee camp adjacent to Jenin, according to UNRWA spokeswoman Juliette Touma.
  • "Large parts of the camp were completely destroyed in a series of detonations by the Israeli forces. It is estimated that 100 houses were destroyed or heavily damaged," she said.

Risks are interconnected, need collaborative solutions, says WEF’s Mark Elsner

Davos, Switzerland – Mark Elsner, Head, Global Risks Initiative, World Economic Forum sat with TRENDS during WEF’s summit in Davos...
  • The Global Risks Report 2025, with insights from over 900 experts, identifies state-based armed conflict as the most immediate risk for 2025.
  • The report was circulated ahead of the Davos meeting, which serves as a platform for advancing dialogue, cooperation, and partnerships.

Trump, Netanyahu to discuss Gaza ceasefire, regional stability in White House meeting

Trump has floated a controversial plan to relocate Palestinians to neighboring countries, but Egypt, Jordan, and ceasefire mediator Qatar have...
  • Netanyahu is in Washington for talks with the new Trump administration on a second, longer-term phase of Israel's fragile truce with the Palestinian group Hamas
  • Trump has meanwhile repeatedly touted a plan to "clean out" Gaza, calling for Palestinians to move to neighboring countries such as Egypt or Jordan

OPEC+ sticks to oil output plan after Trump’s price demand

In a bid to boost prices, the Organization of the Petroleum Exporting Countries (OPEC) headed by Saudi Arabia and Russian-led allies...
  • In December, eight OPEC+ countries announced they would start phasing out 2.2 million bpd of voluntary supply cuts from April.
  • The decision to stick to the alliance's timetable to unwind cuts comes after Trump said last month that he would ask Saudi Arabia and OPEC to lower oil prices.

Syrian President’s first foreign trip to Saudi Arabia signals Syria’s shift away from Iran’s influence.

Syrian President Ahmed al-Sharaa met Saudi Crown Prince Mohammed bin Salman in Riyadh, marking his first foreign visit and signaling...
  • Al-Sharaa’s visit signals Syria’s pivot away from Iran and closer ties with the Gulf states
  • Saudi Arabia is leading efforts to reintegrate Syria into the regional fold and push for sanctions relief

Maori-led AI initiative can revolutionize language preservation, says Peter-Lucas Jones

Davos, Switzerland -- Peter-Lucas Jones, a Kaitaia native, who has been listed in the prestigious Time100 AI 2024 List, was...
  • Peter-Lucas Jones, a Time100 AI 2024 List honoree, discussed AI's role in preserving the Te Reo Maori language at the World Economic Forum in Davos.
  • His team at Te Hiku Media developed Te Reo Maori natural language processing tools and an automatic speech recognition model.

Readying for jobs of tomorrow: WEF’s Till Leopold stresses upskilling

Davos, Switzerland -- In the next five years, millions of jobs will be created. Governments, employers, and education institutions, therefore,...
  • The key report findings highlighted that there will be 78 million new job opportunities by 2030 but urgent upskilling is needed to prepare workforces.
  • The fastest-growing skills by 2030 will include technological skills alongside human skills, such as cognitive skills and collaboration.

Davos25: Working in silos can’t resolve systemic issues, says Catalyst Now’s Galtung

Davos, Switzerland -- Some of the biggest problems in the world today are systemic problems, which cannot be resolved with...
  • From 200 organizations in 2020, Catalyst Now has grown to 3,800 organizations working in 140 countries.
  • It's for the first time that there's a Social Innovation House in Davos. There is a commitment to do it again next year.

Trump pledges historic tax cuts, investment growth, oil price action, and Ukraine peace effort at Davos 2025

The newly inaugurated president remarked that he would “like to meet with President Putin soon” and “get the war ended,”...
  • The newly inaugurated president said he would reduce the US corporate tax rate from 21% to 15%, with foreign companies manufacturing goods in the US benefiting directly
  • Trump also indicated that lowering oil prices could be a key step towards ending the Ukraine-Russia war, urging Saudi Arabia and OPEC to reduce the cost of oil

UAE says foils bid to transfer weapons to Sudan army

"The security services succeeded in preventing the transfer of a quantity of military equipment to the Sudanese Armed Forces following...

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Netanyahu visits Gaza as Hamas warns hostages may die amid continued Israeli offensive

Israeli Prime Minister Benjamin Netanyahu visited northern Gaza Tuesday, his office announced, as the military kept up the offensive it...

Trade war to cut global oil demand: International Energy Agency

Paris, France -- Global oil demand will be lower than previously forecast this year as rising trade tensions weigh on...

Syria, Lebanon leaders in Qatar for first official visits

Syria's interim President Ahmed al-Sharaa met with Emir Sheikh Tamim bin Hamad Al-Thani in Doha. Qatar has been a key backer...

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Iran’s top diplomat to visit Russia after US nuclear talks

Iran's foreign minister is to visit ally Russia this week to discuss nuclear negotiations with the United States, ahead of...
  • On Saturday, Abbas Araghchi held talks with US Middle East envoy Steve Witkoff in Oman -- the highest-level discussions since the 2015 nuclear accord collapsed
  • Russia, a close ally of Iran and party to the 2015 deal, and China have engaged with Tehran in recent weeks over its nuclear programme

Trump envoy says Putin open to ‘permanent peace’ deal with Ukraine

US President Donald Trump's special envoy said Monday that Russian leader Vladimir Putin was open to a "permanent peace" deal...
  • Trump has been pressing Moscow and Kyiv to agree to a ceasefire but has failed to extract any major concessions from the Kremlin
  • Despite a flurry of diplomacy, there has been little meaningful progress on Trump's main aim of achieving a Ukraine ceasefire

Israel offers 45-day ceasefire if Hamas releases half of remaining Gaza hostages

Hamas has informed the mediators that it is willing to agree to any proposal that includes a permanent ceasefire, a...
  • A Hamas official told AFP that Israel had also demanded that the Palestinian militants disarm to secure an end to the Gaza war but that this crossed a "red line".
  • "The proposal includes the disarmament of Hamas and all Palestinian armed factions in the Gaza Strip as a condition for a permanent end to the war," the official added