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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.

International Military Forum Army-2023 opens in Moscow

MOSCOW, RUSSIA - The international military-technical forum Army-2023 opens at the Patriot Congress and Exhibition Center here.About 1,500 prominent Russian...
  • About 1,500 prominent Russian companies of the military-industrial complex will present their products.
  • 85 foreign companies and organizations from seven countries will also participate in the forum.

In favor of Iran joining BRICS, says South Africa

TEHRAN, IRAN – Pretoria fully supports Tehran joining BRICS, South African President Cyril Ramaphosa said at a meeting with Iranian...
  • The South African president supported Tehran’s desire to join the group at a meeting with the Iranian foreign minister.
  • Pretoria expressed the hope that during the visit of the Iranian President to South Africa, several pacts would be signed between the two countries.

WHO’s first global summit on traditional medicine begins Aug 17

Geneva, Switzerland -- The World Health Organization (WHO) is convening the Traditional Medicine Global Summit on 17-18 Aug 2023​ in...
  • Co-hosted by the Government of India, the Summit will explore the role of traditional, complementary, and integrative medicine in addressing pressing health challenges.
  • Scientists and other experts will lead technical discussions on research, evidence and learning; policy, data and regulation;

US to invest $1.2 bn on facilities to pull carbon from air

The two projects -- in Texas and Louisiana -- each aim to eliminate one million tons of carbon dioxide per...
  • Direct Air Capture (DAC) techniques focus on that CO2 emitted into the air, which is helping to fuel climate change and extreme weather.
  • Each of the projects will remove 250 times more CO2 from the air than the largest carbon capture site currently in operation, the Energy Department said.

Covid cases up 80 percent globally as new subvariant rises

The number of new COVID-19 cases reported worldwide rose by 80 percent in the last month, the World Health Organization...
  • The UN agency said that nations reported nearly 1.5 million new cases from July 10 to August 6.
  • Many of the new cases came in the Western Pacific region, which saw infections jump by 137 percent.

Iran appoints West-sanctioned official as supreme court chief

TEHRAN, IRAN - Iran on Sunday appointed Mohammed Jafar Montazeri, who is under US and British sanctions, to head the Islamic...
  • Mohammed Jafar Montazeri was placed under US sanctions in December, with Washington identifying him as having a role in the prosecution of protesters.
  • Britain followed suit in January and imposed punitive measures against Montazeri following the execution of British-Iranian Alireza Akbari for spying.

Interest rate raise ‘likely’ to curb inflation, says Fed official

A US central bank official said that more interest rate hikes "will likely be needed" to bring inflation down further,...
  • Federal Reserve governor Michelle Bowman's prepared remarks to an event in Colorado also came after a mixed employment report.
  • She would be seeking "consistent evidence" that inflation is on a meaningful path down toward the Fed's two percent target.

Nearly 14m children in Sudan need aid, says UNICEF

NEW YORK, US - Two senior UN humanitarian officials have called for more funding and fewer bureaucratic impediments to support...
  • The crisis in Sudan recently passed the 100-day mark and overall, 24 million people across the country require aid.
  • Chad is one of several neighboring nations hosting some 900,000 people who fled the violence in Sudan.

DUBAL, Oriental Copper ink MoU

JV will manufacture high-quality copper products in UAE.
  • As per the agreement, DUBAL Holding will assist with local resources and be a co-investor.
  • Oriental Copper will contribute its extensive technical, operational, and market expertise.

Saudi league’s transfer window can affect Europe’s clubs, says Liverpool

Singapore, Singapore - Liverpool manager Jurgen Klopp on Tuesday urged football authorities to address the late closure of the transfer window...
  • Since the start of the year, clubs in the oil-rich Middle Eastern kingdom have spent generously to sign some of the world’s leading players.
  • Brazilian midfielder Fabinho on Monday became the third Liverpool player to move to a Saudi club in this close season when he joined Al-Ittihad.

Russia says ‘evidence’ links Ukraine to Moscow attack

MOSCOW, RUSSIA - Russia said on Thursday it had evidence the perpetrators of last week's massacre at a concert hall outside...

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Several nations eager to join Charter of Cooperation, says OPEC Secretary-General

ABU DHABI, UAE - Secretary-General of the Organization of Petroleum Exporting Countries Haitham Al Ghais said that OPEC is in...

Saudi Arabia sends $250m to bolster Yemeni government

Saudi Arabia said it had disbursed $250 million in aid to the internationally-recognized government in Yemen. The money follows an...

US teens make efforts for Jewish-Muslim dialogue in New Jersey suburb

TEANECK, US - They are only teenagers, but a pair of New Jersey high school students -- one Jewish and one...

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World’s biggest flying lab comes to Asia on air pollution mission

Clark, Philippines - NASA has kicked off a series of marathon flights in Asia with the world's biggest flying laboratory, in...
  • Starting this week in the Philippines, the US agency's DC-8 is flying for up to eight hours at a time, sometimes just 50 feet from the ground, to swoop up air particles for study.
  • Millions of deaths each year are linked to air pollution, and improving the ability to identify its sources and behavior can lead to more accurate warning systems for the public.

Law, politics hamper UK museum return of artifacts

LONDON, UK - British museums, like others across Europe, are under pressure to return artworks taken during the colonial era, including...
  • Politicians have little appetite to change the legal framework that is currently blocking full restitutions by national museums, campaigners say.
  • British laws dating from the 1960s and 1980s prevent national museums, such as the British Museum and the V&A, from making returning artifacts.

Scientists in UK create new fusion record

LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...
  • Over 300 scientists and engineers from EUROfusion contributed to JET's landmark experiments over 40 years.
  • Proponents believe it could one day help tackle climate change by providing an abundant, safe and clean source of energy.