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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.

Workers should have a say in AI implementation, says TUAC general secretary

Davos, Switzerland -- The transformation seen in the labor market brought about by green transition and new technologies has raised...
  • Nilsson said that in the green transition, the new jobs that have been created are of lower quality and workers are less protected.
  • AI can reduce discrimination in hiring but the technology itself can be rigged to increase discrimination, she warns.

EXCLUSIVE: ILO chief urges action on job gap and reskilling at Davos 2025

Davos, Switzerland -- The world labor market is nearing the pre-Covid levels but gender gap and other concerns remain, International...
  • Houngbo said he saw the unemployment gap between young women and young men to the disadvantage of women.
  • The most important thing is that the private and public sectors need to step up investment in reskilling, he said.

Nations retreating inward making global cooperation harder, Dr Masood tells TRENDS at Davos

Davos, Switzerland - The world is grappling with challenges that demand collective action, but rising nationalism and geopolitical tensions are...
  • The world faces problems that can only be solved if people and countries come together, Dr. Masood said
  • He pointed to US-China tensions as a major barrier to addressing shared global challenges

UNRWA: Reconstructing Gaza Strip exceeds agency’s capabilities due to severe damage

Gaza, Palestine - The United Nations Relief and Works Agency for Palestine Refugees (UNRWA), confirmed today that the reconstruction process...
  • UNRWA said that the agency can contribute to rehabilitating the infrastructure in the camps and returning employees to work inside them, and operating their wells.
  • The agency emphasized that locating the missing—numbering in the thousands beneath the rubble—requires meticulous planning and the expertise of specialized teams

Trump’s second term begins: Highlights Middle East hostage return, promises diplomacy over conflict among top priorities

Trump vowed to be a “peacemaker and unifier,” citing the Israel-Hamas ceasefire and hostage release as key steps toward peace,...
  • "My proudest legacy will be that of a peacemaker and unifier. That’s what I want to be," Trump declared after taking the oath of office
  • He highlighted the ceasefire and hostage release agreement between Israel and Hamas as a significant step toward peace

Ceasefire begins: Israel, Hamas exchange hostages and prisoners amid fragile hopes for lasting peace

The 42-day truce's first phase involves prisoner exchanges and hostage releases, but the future remains uncertain as both sides navigate...
  • In Gaza, Palestinians returned to homes reduced to rubble, checked on missing relatives, and prepared to bury their dead
  • Humanitarian relief efforts also resumed, with more than 600 trucks carrying essential supplies entering the battered enclave

Ceasefire agreement between Israel and Hamas goes into effect, marking first steps toward peace

As the first phase of the ceasefire takes effect, the world watches to see whether this temporary reprieve will be...
  • The complex deal consists of three phases, each lasting 42 days, and it will see both sides release prisoners and hostages in exchange for a temporary halt to the violence
  • Netanyahu’s warning that Israel retains the right to resume fighting and Hamas’s insistence on a complete Israeli withdrawal and a lasting ceasefire make the road to lasting peace

Joint Operations Room set up in Cairo to oversee Gaza ceasefire implementation

Cairo, Egypt - A joint operations room has been established in Cairo to oversee the implementation of the Gaza Strip...
  • The room, comprising representatives from Egypt, Palestine, Qatar, the US, and Israel, aims to ensure collaborative efforts and consistent adherence to the agreement's provisions
  • This agreement, the source noted, represents a significant step towards preventing further escalation and fostering long-term stability in the Gaza Strip

Israel, Hamas ceasefire begins Sunday, includes hostage deal, phased Israeli withdrawal, more aid for Gaza

The deal, brokered by the U.S., Egypt, and Qatar, includes Hamas releasing 33 hostages and Israel freeing hundreds of Palestinian...
  • The deal includes release of 33 Israeli hostages, including women, children, and the elderly, and, in return, Israel will release hundreds of Palestinian captives
  • The deal also allows for a dramatic increase in humanitarian aid to Gaza, with over 500 trucks of food, water, and medical supplies expected to enter the region daily

Syria, Iran, Saudi Arabia, and Palestine test Washington’s strategy under Trump leadership

The Trump administration faces a Middle East shaped by shifting alliances, unresolved conflicts, and evolving regional priorities, demanding a measured...
  • Iran’s diminished influence in the region presents a potential opening for U.S. diplomacy, but Gause warns against the pitfalls of an aggressive regime-change agenda
  • Saudi Arabia’s regional strategy has undergone a significant transformation under Crown Prince Mohammed bin Salman, driven by the economic ambitions of Vision 2030

Syria FM says wants to ‘strengthen relations’ with China

Syrian Foreign Minister Asaad al-Shaibani expressed on Monday his government's willingness to build a "strategic partnership" with China, a key...

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Disarming Lebanon’s Hezbollah no longer inconceivable: analysts

Beirut, Lebanon - The once unthinkable disarmament of Hezbollah could finally be within reach, as the United States pushes Lebanon...

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...

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...

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Qatar plans direct investments worth $7.5 billion in Egypt

"The two sides emphasized the importance of strengthening economic cooperation... they agreed to work toward a package of direct Qatari...
  • Egypt, the Arab world's most populous nation, has taken tentative steps to emerge from its worst-ever economic crisis with prices for consumer goods rising by the day.
  • The two countries, which have also led mediation efforts for a ceasefire in Gaza, "emphasized the centrality of the Palestinian cause as the foremost Arab issue".

Qatar to invest $2 billion in Indonesia sovereign wealth fund

Jakarta, Indonesia -- Indonesian President Prabowo Subianto said Qatar is set to invest $2 billion in his country's new sovereign...
  • Indonesian President Prabowo Subianto is on a five-nation tour of the Middle East, visiting the UAE, Turkey, Egypt, Qatar and Jordan to boost bilateral ties with the region.
  • He said Sunday he had a "productive" meeting with Qatar Emir Sheikh Tamim bin Hamad Al-Thani and that the country would invest in the Danantara Indonesia fund.

China’s exports beat forecast in March despite trade war woes

China said Monday that exports soared 12.4 percent year-on-year last month, beating expectations as Beijing navigated mounting trade headwinds sparked...
  • The figure was more than double the 4.6 percent predicted in a Bloomberg survey, though imports during the same period fell 4.3 percent
  • China's top leaders last month set an ambitious annual growth target of around five percent, vowing to make domestic demand its main economic driver