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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.

Pulitzer Prizes honor coverage of war in Gaza

New York, United States - The war in Gaza featured prominently in Monday's Pulitzer Prizes, which included a special citation for...
  • The New York Times won a Pulitzer in international reporting for its "wide-ranging and revelatory coverage of Hamas's lethal attack in southern Israel on Oct. 7
  • Reuters meanwhile won the award for breaking news photography for its "raw and urgent" coverage of the October 7 attack and Israeli response

Trump increasingly ambiguous on Israel amid Gaza war

At the start of Israel's war with Hamas in October, Donald Trump loudly presented himself as the key US ally's...
  • In an exchange with Israeli media, Trump warned that videos "of bombs being dropped into buildings in Gaza" offer "a very bad picture for the world."
  • Despite allusions to his concerns, Trump has not explicitly mentioned the humanitarian crisis in Gaza, where experts warn a famine is looming.

Top Europe rights court to issue landmark climate verdicts

STRASBOURG, FRANCE – Europe's top rights court will on Tuesday issue unprecedented verdicts in three separate cases on the responsibility of...
  • In a sign of the importance of the issue, the cases have all been treated as priority by the Grand Chamber of the ECHR.
  • All three cases accuse European governments of inaction or insufficient action in their measures against global warming.

Abu Dhabi’s private sector grows by over  35 percent in 2023

ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...
  • Al Multaqa Meetings empower Abu Dhabi to accelerate economic growth, by providing a platform to support investment.
  • Supported by private sector and family-owned businesses, Abu Dhabi’s non-oil sectors is going from strength to strength.

Sweden Quran burner arrested in Norway, faces deportation

OSLO, NORWAY – An Iraqi refugee in Sweden who stoked international outrage by repeatedly desecrating the Quran last year has been...
  • According to a ruling by the Oslo District Court, Salwan Momika,was arrested on March 28 -- a day after he arrived.
  • In the court's ruling it said "a deportation will take place as soon as the formal and practical arrangements are in place."

Electric cars credited with lower CO2 emissions in US neighborhoods

LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas,...
  • Scientists at the University of California, Berkeley, say a network of sensors has logged a small drop in the volume of carbon dioxide.
  • Carbon dioxide is one of the main contributors to global warming, the human-caused phenomenon of rising temperatures.

UN rights council to consider call for Israel arms sales halt

The UN Human Rights Council on Friday is set to consider a draft resolution calling for a cessation of arms...
  • The draft resolution condemns the "use of starvation of civilians as a method of warfare in Gaza".
  • It demands that Israel "uphold its legal responsibility to prevent genocide".

Russia becomes world’s fourth-biggest LNG producer, says PM

MOSCOW, RUSSIA – Prime Minister Mikhail Mishustin said the country became the world’s fourth-biggest LNG producer last year.The Russian Prime...
  • Mikhail Mishustin said that the volume of LNG exports rose almost three-fold in six years.
  • In January - February 2024, natural gas production in Russia increased by 11.3 percent year-on-year.

New shipping service in Saudi Arabia launched

RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) has announced the addition of the new shipping service 'NRS' by...
  • The NRS shipping service will link Jeddah Islamic Port to Yanbu Commercial Port, Neom Port, Aqaba Port in Jordan, and Sokhna Port in Egypt.
  • This will further establish the Kingdom's position as a global logistics hub that bridges three continents,

Liberty Media buy MotoGP

Formula One owners paid US$4.5 billion for the deal.
  • The acquisition is expected to be completed by the end of 2024 subject to clearances and approvals.
  • MotoGP said Liberty Media would acquire "approximately 86 percent" stake from Spain-based owners Dorna.

Trump trade war pushes firms to consider stockpiling

Even if they don't all acknowledge it so openly, firms in many different sectors are stockpiling their products in the United...

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UAE ranks first in Arab world, 11th globally in Global Knowledge Index

Qatar was at the 38th place, Saudi Arabia at 40, Kuwait (48), Oman (52), and Bahrain (55) in the Global...

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.

Biden, Kadhemi meeting to focus on US troop withdrawal from Iraq

The White House talks between the two allies come just a week after a deadly attack claimed by the Islamic...

Oil prices extend gains after OPEC+ talks fail, equities mixed

Brent broke above $77 for the first time since 2018 Breakdown of talks raises the possibility of $100 a barrel...

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...

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...

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...

Israeli airstrike kills five Palestinians in West Bank

Palestinian medics said an air strike targeting a car in the occupied West Bank killed five people on Thursday, while...

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Hajj pilgrimage ends amid deadly Saudi heat spike

Crown Prince Mohammed bin Salman said on Sunday that Saudi officials had committed "to provide everything that will serve those...
  • One of the world's largest religious gatherings unfolded during the oven-like Saudi summer again this year
  • Authorities recorded more than 2,700 cases of "heat exhaustion" on Sunday alone, the Saudi health ministry said

Pulitzer Prizes honor coverage of war in Gaza

New York, United States - The war in Gaza featured prominently in Monday's Pulitzer Prizes, which included a special citation for...
  • The New York Times won a Pulitzer in international reporting for its "wide-ranging and revelatory coverage of Hamas's lethal attack in southern Israel on Oct. 7
  • Reuters meanwhile won the award for breaking news photography for its "raw and urgent" coverage of the October 7 attack and Israeli response

Trump increasingly ambiguous on Israel amid Gaza war

At the start of Israel's war with Hamas in October, Donald Trump loudly presented himself as the key US ally's...
  • In an exchange with Israeli media, Trump warned that videos "of bombs being dropped into buildings in Gaza" offer "a very bad picture for the world."
  • Despite allusions to his concerns, Trump has not explicitly mentioned the humanitarian crisis in Gaza, where experts warn a famine is looming.