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Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

DEWA encourages active lifestyle by organizing sporting events

DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) organized 12 sports tournaments in 2022, with the participation of 2,437...
  • DEWA sponsored and hosted three sports tournaments, and participated in several local sports events.
  • DEWA’s Sports Committee organized the DEWA Bowling Tournament 2022 and 120 employees participated in the event.

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

Antibiotics shortages hit nations as surging illnesses spur demand

Hospitals in many countries have come under pressure from a rising number of illnesses including what has been dubbed a...
  • But ramping up production of antibiotics has proved difficult for drug makers, particularly for cheap generic medicines that offer a slender profit margin.
  • Pharmaceutical companies who had cut back production because of the previously falling demand are now scrambling to meet skyrocketing orders, causing delays.

World Bank cuts China growth forecasts on Covid woes, property crisis

In a statement, the World Bank slashed its forecast to 2.7 percent from 4.3 percent predicted in June. It also...
  • After years of sudden lockdowns, mass testing, long quarantines and travel restrictions, China this month abruptly abandoned its zero-Covid policy
  • Beijing has sought to mitigate low growth with a series of easing measures to provide support, slashing key interest rates and pumping cash into the banking system

Climate change fuelling cholera surge, says WHO

GENEVA, SWITZERLAND - Climate change is fueling a global cholera upsurge, the WHO said Friday, warning the situation was compounded by...
  • Fatality rates are extremely high for most of the countries for which the UN health agency has data.
  • Cholera outbreaks can be prevented by ensuring access to clean water and improving surveillance.

$858 bn US defense bill scraps military vaccine mandate

The mandate -- under which the Pentagon says more than 8,000 military personnel have been discharged for refusal to comply...
  • The White House supported Austin's opposition to repealing the mandate, but that was not enough to carry the day in Congress
  • Republican Representative Kevin McCarthy, who is seeking to become speaker of the House, has argued that the mandate has affected recruiting

WHO urges malaria funding boost as deaths stay stubbornly high

The World Health Organization called for more funds to help overcome towering challenges in the battle against malaria, which continues...
  • A report highlighted significant remaining challenges, including limited donor funding.
  • The COVID-19 pandemic has compounded several challenges facing efforts to battle malaria.

WHO member states agree to develop draft of pandemic accord in early 2023

GENEVA, SWITZERLAND - Member states of the World Health Organisation (WHO) Thursday agreed to develop the first draft of a...
  • This zero draft of the pandemic accord, rooted in the WHO Constitution, will be discussed by member states in February 2023.
  • The agreement by the Intergovernmental Negotiating Body, comprising WHO’s 194 member states, was a milestone in the global process to learn from the COVID-19 pandemic.

EU gives US$131 million to WHO Universal Health Coverage Partnership

GENEVA, SWITZERLAND - The World Health Organization (WHO) and the European Commission agreed on reinforcing a decade-long collaboration to accelerate...
  • EU contribution will focus on strengthening health systems to make them more resilient and responsive to natural, climate or human-made disasters.
  • The partnership with WHO is a key deliverable of the new EU Global Health Strategy adopted by the European Commission.

UAE’s health and prevention ministry launches National Nutrition Strategy 2022-2030

DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) has launched the National Nutrition Strategy 2022-2030 to establish sustainable...
  • National Nutrition Strategy comes as part of MoHAP’s ongoing efforts to support the UAE’s visions aimed at improving the health of younger generations.
  • The strategy was launched during an event hosted by the ministry at the Etihad Museum.

Poorer countries need money before raising climate targets, says COP29 head

Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available...

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Saudi Arabia’s Ministry of Investment inks 3 MoUs at FII7

RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Investment signed three memoranda of understanding (MoU) in the fields of biotechnology,...

Swedish researchers find snoozing in the morning isn’t bad

Stockholm, Sweden - You snooze, you lose? Swedish researchers said Wednesday that might not be the case, after their study even...

Markets fall as Biden set for Middle East diplomacy drive

US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip...

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SFD to provide US$20m loan to Central African Republic for development projects

MARRAKESH, MOROCCO - The CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, signed an additional US$20...
  • The agreement was signed on the sidelines of the 2023 World Bank and International Monetary Fund Annual Meetings in Morocco.
  • The US$20 million loan agreement aims to finance development projects in CAR, including the establishment of a 250-bed hospital.

‘Broken in two’: Libya flood survivors grapple with mental health

Last month's flood was the latest catastrophe to strike the oil-rich North African country that has been wracked by war...
  • IRC warned of the "immense psychological toll the emergency is taking on those affected, particularly in the city of Derna, one of the areas hardest-hit
  • UNICEF's partners had "reported several instances of suicides, withdrawal, lack of sleep, bed wetting... among children, especially in shelters"

EU wants to renew herbicide glyphosate for next 10 years

BRUSSELS, BELGIUM - The European Commission is proposing to renew the use of the controversial and widely used herbicide glyphosate in...
  • Current authorization expired in December 2022 but was extended by a year pending a scientific study of the herbicide.
  • Environmental activists said there was scientific evidence that glyphosate may cause cancer, poison aquatic life.