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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.

G7 vows ‘significant’ new sanctions if Iran sends missiles to Russia

Washington, US - G7 countries warned Iran on Friday that they will impose "significant" new sanctions if Tehran transfers ballistic missiles...
  • Among the steps that have been discussed is ending national airline Iran Air's flights to Europe, the official added.
  • A senior US administration official told journalists that if Iran decides to sell ballistic missiles to Russia, the costs will far outweigh the benefits.

Leader of US Senate calls for election in Israel

The leader of the US Senate called for Israel to hold new elections in the most strident criticism yet by...
  • “As a democracy, Israel has the right to choose its own leaders, and we should let the chips fall where they may,” Chuck Schumer said.
  • He said that Netanyahu was one of four "major obstacles" to a two-state solution.

Israeli forces kill Jordanian in West Bank, says Palestinian ministry

A Jordanian citizen has died after being shot by Israeli forces in the West Bank, Palestinian authorities said, with the...
  • The Israeli military said Hussein was suspected of being an accomplice of a Palestinian fighter Muhammad Jabar.
  • Jabar was preparing to carry out a suicide attack in Israel, according to the military.

Situation in Red Sea has a limited impact on food exports so far, says FAO

ROME, ITALY – The situation in the Red Sea has not yet been reflected in the pace of prices for...
  • The decline in the Food Price Index in February 2024 was led by a decrease in the price for cereals and vegetable oils.
  • The route via the Red Sea accounts for slightly more than 10 percent of the global maritime trade volume.

Trump said he won’t ‘give a penny’ to Ukraine, claims Hungary Prime Minister

BUDAPEST, HUNGARY – Hungary's Prime Minister Viktor Orban has asserted that former US president Donald Trump told him during a meeting...
  • Orban is the only EU leader to have maintained ties with the Kremlin since Russia invaded Ukraine.
  • He also angered fellow EU leaders by meeting Russian President Vladimir Putin in September

Four space station crew members leave for Earth

WASHINGTON, US – Four astronauts left the International Space Station on Monday and were bound for Earth following a more than...
  • Led by American astronaut Jasmin Moghbeli, NASA's Crew-7 arrived at the research platform last August.
  • NASA and SpaceX are targeting as soon as 5:35 am Tuesday (0935 GMT) for a splashdown off the Florida coast.

Iran agricultural, food exports hit US$5.5bn in 11 months

TEHRAN, IRAN – The Ministry of Industry, Mine, and Trade said that Iran exported fisheries, livestock, agricultural and food products...
  • Iraq was the biggest importer of Iranian agricultural and food products worth US$1.7 billion.
  • The UAE was the second largest importer of Iranian agricultural and food products worth $675 million

GASTAT adopts chain-linking method to calculate Saudi Arabia’s real GDP

RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) said in a press release it issued on Sunday that...
  • The fourth quarter 2023 results and the annual results for the same year have been reached at by using the new methodology.
  • Saudi Arabia is the first country in the Gulf and Arab regions, and among the first G20 countries, to implement the chain-linking methodology.

Cryptocurrency Ether witnesses meteoric rise since launch

NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...
  • Launched in 2015, Ether is by far the second-largest digital currency in terms of total value, now estimated at over $460 billion.
  • Bitcoin's rise has been well-documented, but Ether's has been even more impressive, surging almost 72 percent year to date.

Thousands rally in London seeking a truce in Gaza

London, UK - Thousands of protesters marched in central London on Saturday to call for a ceasefire in Gaza amid ongoing...
  • The march, from Hyde Park Corner to the US Embassy, was the fifth major demonstration of the year so far in the capital.
  • However, marches protesting Israeli assault in Gaza have seen dozens arrested for anti-Semitic chanting and banners.

Over a billion pounds of Coke plastic waste to enter waterways: study

Washington, United States -- By 2030, Coca-Cola products will account for an estimated 1.33 billion pounds (602,000 metric tons) of...

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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...

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...

Liberty Media buy MotoGP

Formula One owners paid US$4.5 billion for the deal.

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Gaza children fly kites to escape horrors of war

RAFAH, PALESTINIAN TERRITORIES – Meters away from the concrete and steel fence separating the Gaza Strip from Egypt, 11-year-old Malak Ayad flies a...
  • Despite the war and the fear that grips her, Malak seems to be happy to fly her kite and dreams of life as it was before the war broke out on October 7.
  • "My kite flies to Egypt everyday while we are here trapped in Gaza," said Malak, who wears a bracelet featuring the Palestinian flag.

Global football stars choose Red Sea destination for holiday

TABUK, SAUDI ARABIA – A few days ago, the Red Sea destination hosted several international football stars from Saudi Pro...
  • Among the football stars were Cristiano Ronaldo, Fabinho Tavares, Roger Ibanez and Roberto Firmino.
  • They also engaged in various water sports and marine activities, making the most of their time.

Death toll in Israeli strikes on Syria climbs to 52, says monitor

Beirut, Lebanon - The death toll in Israeli air strikes on Syria has risen to 52, including 38 government soldiers and...
  • They targeted "a rocket depot belonging to Lebanon's Hizbollah" near the Aleppo airport in northern Syria, the war monitor said.
  • Israeli strikes on targets in Syria have increased since Israel's war against the Hizbollah-allied Hamas group in the Gaza Strip broke out on October 7.