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Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

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

Al-Jarman heads UAE delegation to 52nd session of Human Rights meet in Geneva

GENEVA, SWITZERLAND -  The United Arab Emirates is participating in the 52nd session of the Human Rights Council in Geneva,...
  • Al-Jarman will highlight key UAE achievements and the prominent role the country plays in human rights globally.
  • He will hold meetings with heads of delegations to exchange views on common issues.

Jordan Senate Chairman, French senate vice-president discuss bilateral ties

AMMAN, JORDAN -  Chairman of the Jordan Senate's Committee for Arab, International Affairs and Expatriates Hani Mulki, on Sunday discussed...
  • The two leaders also discussed political changes in the surrounding countries following Arab Spring.
  • The French leader said her country is looking forward to strengthening relations and partnerships.

Nations closer to global guidelines on disease outbreaks, says WHO

NEW YORK, US - Governments agreed on a way forward to update disease outbreak regulations ahead of meetings to draft...
  • A total of 307 amendments to the WHO International Health Regulations came in response to challenges posed by the COVID-19 pandemic.
  • Governments had focused on making their countries, and the international community, better prepared for future emergencies.

UAE takes part in first G20 Finance Ministers meeting in 2023

ABU DHABI, UAE -  Minister of State for Financial Affairs Mohamed Hadi Al Hussaini headed the UAE delegation participating in...
  • Held for the first time under the Indian presidency in Bengaluru, the meeting discussed the progress under the G20 priorities for 2023.
  • The UAE team reiterated the importance of a globally coordinated multilateral action to promote climate finance.

UNDP requests $113.5 million to support early recovery in Turkey

ANKARA, TURKEY - Clearing the mountains of rubble due to buildings collapse in the earthquakes that hit Turkey on February...
  • Rubble removal accounts for a large share of UNDP's US$113.5 million request for funding.
  • UNDP's current focus is to help prevent public health threats to affected populations and emergency responders.

Boosting investment in health systems is essential, says OECD

PARIS, FRANCE -  Governments should urgently adapt their health systems to better respond to future shocks, given the huge impact...
  • Major investment is needed in the health workforce, alongside increased spending on prevention and digital infrastructure, says OECD
  • More workers in health and social care were associated with lower mortality rates.

Renewables investments record high in 2022, but need massive increase

A report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI), said although global investment in renewable...
  • The report emphasizes how lending to developing countries looking to deploy renewables must be r highlights the need for public financing to play a much stronger role.
  • Achieving an energy transition in line with the 1.5°C Scenario also requires the redirection of $0.7 trillion per year from fossil fuels to energy-transition related technologies.

EU says Israel deporting MEP ‘deeply disappointing’

The EU called it "deeply disappointing" and "surprising" that Israel stopped and deported a Spanish MEP who had arrived for...
  • Spanish Foreign Minister Jose Manuel Albares also expressed indignation and said "we are demanding an explanation from Israeli authorities".
  • EU foreign affairs spokeswoman, Nabila Massrali said Miranda's deportation was "surprising" and view it as "deeply disappointing."

Iran denies enriching uranium above 60 percent

Iran denied reports it has enriched uranium up to 84 percent, just below the 90 percent needed to produce an...
  • The IAEA is "giving Iran the opportunity to explain because it's apparently possible that there can be so-called 'spikes' of higher levels of enrichment".
  • Uranium enriched up to 90 percent purity is considered nuclear weapons-grade.

Saudi meet stresses carbon capture vital for net-zero goals

Riyadh, Saudi Arabia – Net-zero goal cannot be achieved without carbon capture and there is a need to scale up...
  • The King Abdullah Petroleum Studies and Research Center held a high-level roundtable on Carbon Management Technologies.
  • In 2022, investment in the carbon capture utilization and storage hit $6.4 billion.

Gemini’s inaccurate AI racial images warn of tech titans’ power

AUSTIN, US – For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out...

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Iran slams UN for its failure to stop Israel-Hamas war in Gaza

Iranian President Ebrahim Raisi slammed the "inefficacy" of international bodies to halt fighting between Israel and Palestinian group Hamas which...

UN resolution urges more aid for Gaza as death toll rises

Fighting between Israel and Hamas in Gaza raged as the UN Security Council approved a much-delayed resolution to boost aid...

EU reaches agreement on reforming bloc’s migration laws

Spain, which chaired the lengthy negotiations in its role holding the EU presidency, said on X, formerly Twitter: "A political...

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Maritime agencies report explosion off Yemen coast

Dubai, UAE - A "possible explosion" struck a key shipping lane off Yemen on Monday, two maritime agencies said, the latest...
  • The British military’s United Kingdom Maritime Trade Operations issued a warning of a potential explosion striking near a vessel passing through the Bab al-Mandeb strait.
  • "The captain reported... the 'explosion' occurring two nautical miles off one of the vessel's quarters while it was transiting," said maritime security firm Ambrey.

Moroccan officials questioned in EU graft probe

BRUSSELS, BELGIUM - Several Moroccan officials have been questioned as part of a high-profile investigation into alleged bribery by the north...
  • The interviews in Morocco were conducted by local authorities in the presence of Belgian investigators.
  • The questionings were the first in the country since Brussels launched a sprawling graft probe in 2022.

UK shoots down ‘suspected’ drone attack in Red Sea

London, UK - A UK destroyer has brought down a suspected attack drone in the Red Sea, defense minister Grant Shapps...
  • Britain announced last month that it was sending HMS Diamond, one of its most advanced naval vessels, to the Gulf to shore up its presence in the region.
  • The deployment followed the outbreak of conflict between Israel and Hamas and the seizure of an Israeli-linked cargo vessel by Iranian-backed Yemeni Houthi rebels