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Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

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.

Former Pontiff Benedict XVI dead at the age of 95

Former pope Benedict XVI has died at the age of 95, the Vatican announced almost a decade after he became...
  • "With sorrow I inform you that the Pope Emeritus, Benedict XVI, passed away today at 9:34 in the Mater Ecclesiae Monastery in the Vatican," Vatican spokesman Matteo Bruni said
  • His health had been declining for a long time, but the Vatican revealed on Wednesday that his situation had worsened, while Francis called for Catholics worldwide to pray for him

Iran summons Italian envoy in rebuke over protests

TEHRAN, IRAN  - Iran has summoned the Italian ambassador to protest "interventionist" policies, the foreign ministry said late Thursday, a day...
  • The Islamic republic has been gripped by protests since the September 16 death in custody of Mahsa Amini, a 22-year-old Iranian Kurd.
  • Iran says hundreds of people have been killed in the unrest, including members of the security forces, and thousands have been arrested nationwide.

Concern over China Covid surge ‘understandable’: WHO

Hospitals across China have been overwhelmed by an explosion of infections following Beijing's decision to lift strict rules that had...
  • WHO chief Tedros Adhanom Ghebreyesus urged China to be more forthcoming on the pandemic situation in the country
  • His comments came after the United States joined several nations in imposing Covid tests on travelers from China

TSMC begins making 3nm chips

TSMC operates the world's largest silicon wafer factories.
  • TSMC is also Apple's primary chip supplier.
  • Its 3nm-process chips are expected to have more processing power while using less power, boosting battery performance.

Dubai conference explore ways to nullify environment challenges

This is especially important with the ongoing preparations for the UAE to host the 28th Conference of the Parties by...
  • Important topics at the conference included the application of membrane technology and nano-technology in water treatment
  • The conference brought together global researchers, decision-makers, academics, and experts to discuss environmental and sustainability issues

BHP to face trial in UK

The firm must stand trial to face US$12 billion damages claim
  • More than 400,000 claimants could eventually join the compensation claim against the Australian company in London's High Court.
  • The 2015 tragedy unfolded after the dam in Brazil's Minas Gerais region ruptured.

Minister reiterates UAE’s support for global biodiversity framework at meeting

MONTREAL, CANADA -  UAE Minister of Climate Change and the Environment  Mariam bint Mohammed Almheiri participated in the High-Level Segment...
  • Almheiri urged other ministers to work together towards achieving the meeting’s objective of adopting the post-2020 global biodiversity framework.
  • The minister called for reversing biodiversity loss and realize the 2050 Vision for Biodiversity of a world living in harmony with nature.

US plans new Israel-Arab meeting, hopes for Netanyahu restraint

WASHINGTON, UNITED STATES - The United States plans a meeting early in 2023 between Israel and Arab nations that recognize it...
  • Benjamin Netanyahu is set to take office with the most right-wing government in Israel's history.
  • A senior US official said the United States plans a meeting "probably in the first quarter" of 2023 of foreign ministers from the Negev summit in March.

European Union to end two Amazon inquiries after agreement

Amazon, and its software, will be forbidden from analyzing non-public third-party seller data, and will treat all sellers equally when deciding...
  • EU vice-president Margrethe Vestager announced Amazon's commitments and hailed them as a victory for smaller retailers selling products on Amazon's online marketplace.
  • An Amazon spokesperson said the firm, which operates the world's biggest online store, was pleased to have responded to the European Commission's concerns.

Nearly 2,000 business executives attend World Corporate Summit in Dubai

DUBAI, UAE  - Nearly 2,000 global business executives and investors attended the World Corporate Summit in Dubai to share in...
  • The business leaders were also building partnerships with over 100 roundtables, 20 networking sessions.
  • The summit took a 360-degree view at ways to improve the world economy.

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...

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Fighting rages in Gaza as war enters third month

Heavy urban combat raged in and around Gaza's biggest cities as the bloodiest-ever war between Israel and Hamas entered its...

99 percent of world live in areas with air pollution levels above WHO guideline limits

DUBAI, UAE - According to World Health Organization data, 99 percent of the world’s population lives in places where air...

Russian oil price cap partially successful

LONDON, UK - A Western price cap imposed a year ago on Russia's oil has had limited success with Moscow increasingly...

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We respect climate science, says COP28 head

DUBAI, UAE - The Emirati president of the UN's COP28 talks said on Monday he respects climate science, after a leaked...
  • Sultan Al Jaber also repeated his past statements that a phase out of fossil fuels was "inevitable".
  • He acknowledged that global greenhouse gas emissions must be cut by 43 percent by 2030.

MENA region can create 10m jobs by 2050 via climate action, says ILO

DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
  • The trend towards renewable energy has helped to create 13.7 million jobs in the sector worldwide.
  • The ILO is participating in COP28 to ensure that climate change efforts include to monitor the impact on jobs.

50 oil and gas companies pledge to cut operational emission in COP28 meet

DUBAI, UAE - Fifty oil and gas companies representing 40 percent of global production pledged to decarbonize their operations by 2050...
  • The charter is part of a set of initiatives designed to accelerate the decarbonization of the global energy industry.
  • They are voluntary commitments unlike the decisions of COP28, which are taken by consensus between nearly 200 countries.