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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.

US imposes sanctions to curb Iran oil despite talks

The United States said Wednesday it was imposing sanctions on seven companies involved in selling Iranian oil, tightening pressure despite...

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

UAE discusses temporary Gaza governance with US, Israel, seeks two-state solution assurance: report

Discussions led by the UAE include provisional administration, PA leadership overhaul, and Gaza reconstruction, requiring extensive international cooperation and adherence...
  • According to sources familiar with the talks, the discussions include the UAE, the US, and other nations overseeing governance, security, and reconstruction of Gaza
  • Israeli Prime Minister Benjamin Netanyahu had suggested that the UAE, Saudi Arabia, and other nations could assist in governing Gaza after the war

In a change of tone, Syria’s new leader urges US to pressure Israel for withdrawal

Julani’s appeal comes as Syria signals a shift in its diplomatic tone. Maher Marwan, Damascus’ new governor, told NPR that...
  • The report, published by Kan 11, said that Israeli authorities have denied receiving any formal communication on the matter
  • A senior security official has stated that Israel "will not compromise its security" in response to the alleged request

US proposes $8B arms deal with Israel; Biden plans strikes on Houthis as Gaza aid faces Trump-era cuts

The US proposes an $8 billion arms deal with Israel, plans intensified strikes on Yemen's Houthis, while Israel considers cutting...
  • According to sources cited by Axios, the arms deal requires formal approval from both the House and Senate committees
  • A US official emphasized that the arms sale aligns with the administration’s commitment to Israel's security

Palestinian Authority suspends Al Jazeera broadcasts

The Palestinian Authority on Wednesday ordered the suspension of broadcasts by Qatar-based Al Jazeera across the Palestinian territories, accusing the...
  • Militant group Hamas condemned the decision to ban the network
  • Tensions between the two sides followed recent coverage of clashes between Palestinian security forces and militants in Jenin

‘Numb’ New Orleans grapples with horror of deadly truck attack

New Orleans, United States - The celebratory atmosphere of Bourbon Street in New Orleans, long an American byword for indulgence and...
  • A deadly truck attack on New Year's crowds in New Orleans' French Quarter left at least 15 dead, shaking the heart of the city's famed Bourbon Street
  • Residents and visitors mourn the tragedy, calling for stricter security as New Orleans faces major upcoming events like Mardi Gras and the Super Bowl

Syria Foreign Minister in Saudi Arabia, hopes the visit opens ‘new, bright page’

Last week, in an interview with Saudi-owned Al Arabiya television, Sharaa said Saudi Arabia "will certainly have a large role...
  • Syrian state media said the top delegation had come to the kingdom "at the invitation of the Saudi foreign minister", quoting a foreign ministry source.
  • Saudi Arabia severed ties with Assad's government in 2012 and backed Syrian rebels seeking to overthrow him early in the country's civil war

UN: Israel’s strikes on Gaza hospitals may constitute war crimes, urges independent probe

The UN's 23-page report, "Attacks on Hospitals During the Escalation of Hostilities in Gaza," documented 136 strikes on 27 hospitals...
  • The world body's 23-page report, entitled "Attacks on hospitals during the escalation of hostilities in Gaza", looked at the period from October 7, 2023 to June 30, 2024
  • The report said attacks on hospitals typically involved missile strikes on hospital buildings, the destruction of facilities, shooting of civilians, and sieges.

US imposes sanctions to curb Iran oil despite talks

The United States said Wednesday it was imposing sanctions on seven companies involved in selling Iranian oil, tightening pressure despite...

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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