Search Site

Trends banner

Global

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

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.

Global warming raises risk of heat-related deaths among workers

The Occupational Heat Stress conference in Qatar, which focused on climate change and how rising temperatures threaten workers' health, heard...
  • There is no international standard for temperatures for outdoor working, but climate change has forced new scrutiny.
  • Last year's World Cup in Qatar drew attention to workers toiling in temperatures that can top 50 degrees, prompting Qatar to ban outdoor working from 10am to 3.30pm.

Global tourism industry is on track to reach pre-pandemic levels

MADRID, SPAIN -  The World Tourism Barometer published its second report of the year, which showed that international tourism is...
  • During Q1 2023, twice as many people traveled internationally than in the same period of 2022, with 235 million estimated tourists.
  • The report revealed that international arrivals have reached 80 percent of pre-pandemic levels in the first quarter of 2023.

Japan, South Korea eye detente as North Korea threat looms

Japan's Prime Minister Fumio Kishida said his "heart aches" for Koreans who suffered under colonialism, as Seoul and Tokyo seek...
  • Tokyo and Seoul have long been at odds over historic issues linked to Japan's brutal 1910 to 1945 colonial occupation of the Korean peninsula.
  • Bilateral ties were torpedoed in 2018, when South Korea's Supreme Court ordered Japanese firms to compensate the wartime victims of forced labor.

UAE evacuates 176 people, including media professionals, from Sudan

ABU DHABI, UAE  - The UAE has evacuated 176 people from seven countries, including media professionals, from Sudan on Saturday...
  • The UAE will host evacuees and provide them with all necessary support and assistance prior to their safe transfer to their home countries.
  • The UAE continues the process of prioritizing the evacuation of the most vulnerable groups, including the sick, children, elderly and women.

Amman Chamber exports rises to US$565m in January- March 2023

AMMAN, JORDAN  -  The Amman Chamber of Commerce (ACC)'s export of goods and commodities to Arab and other countries increased...
  • Jordanian exports to Iraq was of US$217 million, to Switzerland at about US$103 million in January- March 2023.
  • Jordanian exports to the UAE was about US$59 million, Egypt at US$42 million in January- March 2023.

WHO debates whether Covid emergency should be declared over

Since the beginning, more than 765 million confirmed cases of Covid-19 have been reported to the WHO from around the...
  • The World Health Organization's emergency committee's 15th meeting on the crisis comes more than three years.
  • The independent committee meets every three months to discuss the pandemic and reports to WHO chief.

UN says US$445m needed to help 860,000 refugees fleeing Sudan

The United Nations said it was planning for an outflow of 860,000 people from conflict-torn Sudan, adding that $445 million...
  • Over 100,000 people have already fled Sudan since deadly urban combat broke out on April 15.
  • Another 330,000 people have been displaced inside Sudan, according to UN figures - and the situation is getting worse.

Jordan briefs Russia on Amman’s Syria meeting

AMMAN, JORDAN  - Jordan's Minister of Foreign Affairs and Expatriates Ayman Safadi on Wednesday briefed his Russian counterpart Sergey Lavrov...
  • In addition to Jordan, the meeting in Amman also brought together the foreign ministers of Saudi Arabia, Iraq, Egypt and Syria.
  • Jordanian foreign minister said the political solution must preserve Syria's unity, cohesion, sovereignty and meet the aspirations of the people.

258m people require food aid, says UN report

PARIS, FRANCE -  Some 258 million people needed emergency food aid last year because of conflict, economic shocks and climate disasters,...
  • In 2022, 258 million people faced high levels of acute food insecurity in 58 countries or territories, a UN report said.
  • Over 40 percent of those lived in Democratic Republic of the Congo, Ethiopia, Afghanistan, Nigeria and Yemen, the report added.

Iran seizes oil tanker in Strait of Hormuz, says US Navy

Iranian forces seized a Panama-flagged oil tanker in the Strait of Hormuz, the US Navy said, the second such incident...
  • A dozen Iranian Navy fast-attack craft swarmed the vessel in the middle of the strait, said a statement from the Bahrain-based US Fifth Fleet.
  • The troubled but commercially vital Gulf waters, which carry at least a third of the world's seaborne oil, have witnessed a spate of incidents since 2018.

Lamborghini sales up in 2023

The deliveries sped up 9.5 percent to 10,112 vehicles.

Company News

Latest News

Turkish strikes leaves hundreds of Syrian villages without electricity

Qamishli, Syria - Hundreds of northeast Syrian villages and towns have lost power after Turkish strikes pounded electricity stations and infrastructure,...

EU worried Red Sea attacks could spark inflation

European Union economy commissioner Paolo Gentiloni warned that violence in the Red Sea sparked by Houthi attacks on shipping could...

Global personal computer shipments decline 14.8 percent in 2023

DUBAI, UAE - Worldwide PC shipments totaled 63.3 million units in the fourth quarter of 2023, a 0.3 percent increase...

Most Read

Yemen’s Houthi rebels have built a significant arsenal  

DUBAI, UAE - Yemen's Houthi rebels, who vowed to retaliate against US and British strikes early on Friday against key military...
  • Iran-backed Houthis have carried out a spate of attacks in the Red Sea, claiming to be targeting ships with Israeli links.
  • The Houthis have been steadily developing their military capabilities since 2014, when they seized the Yemeni capital Sanaa.

Saudi Arabia signs MoUs with four countries for development in mining industry

RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the...
  • The roundtable highlighted the need for governments and industry to achieve economic and social development for local communities.
  • A total of 79 governments, 13 international organizations, 15 NGOs and seven business associations took part in the roundtable.

Top global leaders to attend WEF meet amid Gaza, Ukraine war

Paris, France - US Secretary of State Antony Blinken, Israeli President Isaac Herzog and Middle East leaders will attend a World...
  • Blinken and US National Security Advisor Jake Sullivan will be among 2,800 participants at the forum, including more than 60 heads of state and government.
  • Argentina's libertarian new president, Javier Milei, French President Emmanuel Macron and Chinese Premier Li Qiang will also participate in the forum.