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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

UN says Lebanon child vaccination rates drop 30%

Child vaccination rates in Lebanon have dropped by more than 30 percent, compounding a health crisis marked by drug shortages...
  • Since 2019, Lebanon is grappling with a financial crisis that the World Bank says is of a scale usually associated with wars
  • The currency has lost more than 90 percent of its value and in excess of 80 percent of the population now lives below the poverty line

China economy grows 4.8% in first quarter as virus bites

The world's second-biggest economy was already losing steam in the latter half of last year with a property slump and...
  • China's GDP growth was better than expected at 4.8 percent on-year in the first quarter
  • But the data did not take in the gnawing impact of a weeks-long lockdown in Shanghai

Gulf Biotech Company becomes second drug producing firm in Bahrain

The licensed plant will manufacture a variety of injectable human healthcare formulations such as vials, ampoules and prefilled syringes.
  • National Health Regulatory Authority (NHRA) announced that it had licensed the medical firm.
  • The injectable drugs will be subjected to final inspection to be granted a Good Manufacturing Practices.

Unvaccinated citizens can travel if they present negative PCR: UAE

The UAE will allow unvaccinated individuals to travel on April 19 if they present a negative PCR test result taken...
  • Unvaccinated individuals aged under 16 is exempt from presenting a negative PCR test result upon arrival
  • The policy is aimed at achieving sustainable recovery and the return to normalcy to boost the economy

Pfizer plans new Covid jab

It has said a shot for multiple variants is coming by 2022-end.
  • Chairman Albert Bourla said Pfizer was also working on a vaccine that could provide good protection for a whole year
  • This means people would come back annually for boosters, as with influenza shots currently given out in the US

Qatar, UK ink pact on food safety, environmental health

Qatar Food Safety and Environmental Health Department Director Wassen Abdullah Al Bakr said that the agreement would enhance food safety...
  • Qatar Food Safety and Environmental Health Department Director Wassen Abdullah Al Bakr said that the agreement would enhance food safety in Qatar
  • It provides a framework for enhanced cooperation in food safety research, particularly food contaminant and risk management analyses

Pandemic ‘far from over’, but ‘let’s end it together’, says UN chief

The UN chief said countries need to fulfil and accelerate dose-sharing and donation commitments in order to reach the billions...
  • Antonio Guterres said the spread of Omicron was “a startling reminder of how quickly COVID-19 can mutate and spread
  • The Omicron variant of the novel coronavirus is now surging in the form of the BA2 variant in many parts of the world

Iraq witnesses dust storm that lands dozens in hospital

Iraq is particularly vulnerable to climate change, having already witnessed record low rainfall and high temperatures in recent years.
  • The storm erupted in the north of the country on Thursday, leading to cancellation of flights serving Kurdistan’s capital Arbil
  • As the storm swept south, it shrouded the Iraqi capital of Baghdad and cities as far south as Nasiriyah in a ghostly orange

Vaccine factory to come up in Khazaen City with $52m outlay

The first phase of the project is expected to be set up on a total area of 37,000 square meters.
  • The agreement was signed by Khazaen CEO Salim Al Thuhli and Opal’s Chairman of the Board of Directors, Sa’ad Moosa Al Junaibi
  • Al Thuhli was quoted by the official sources as saying that the project would be the first vaccine factory in Khazaen Economic City

Vaccine supply outstrips demand, inequity remains

Many richer nations are now approaching oversupply. European Union and G7 countries had a surplus of 497 million doses at...
  • More than 13 billion doses have been produced since the pandemic, 11 billion of which have been administered.
  • Countries like South Africa and India have long called for the WTO to suspend intellectual property rights for vaccines and anti-Covid treatments, so they can boost production.

Average lifespan in Saudi Arabia rises to 77.6 years  

Riyadh, Saudi Arabia — Average life expectancy in Saudi Arabia reached 77.6 years compared to 74 years in 2016, the...

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Almost the entire world is experiencing record heatwaves

Record heat is forecast around the world from the United States, where tens of millions are battling dangerously high temperatures,...

Middle East firms pay fortune for employee burnout

A TRENDS exclusive report takes a hard look at how tens of thousands of white-collar workers in Middle East are...

Middle East firms pay fortune for employee burnout

A TRENDS exclusive report takes a hard look at how tens of thousands of white-collar workers in Middle East are...

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Iran emerging as a hub for health tourism in West Asia: Raisi

Tehran, Iran--Iranian President Ebrahim Raisi has claimed that health tourism in the country has attracted patients from neighboring countries and...
  • The Iranian president claimed that patients from Central Asia and Middle East have chosen Iran over Europe to come for medical treatment
  • In May, Iranian health minister said that last year more than 1.2 million foreign patients had been to hospitals in the Islamic Republic for various treatments

Israel ranks 5th healthiest country in the world

Dubai, UAE - Israel ranks in 5th place out of the 167 countries on the index of the world’s healthiest...
  • Asia is well represented generally, with the four top places rounded off by Japan, South Korea and Taiwan
  • The bottom five places are Somalia, Lesotho, Chad, South Sudan and the Central African Republic

Covid and Ukraine have badly hit UN sustainable goals progress

Geneva, Switzerland - United Nations Conference on Trade and Development (UNCTAD) said the COVID-19 pandemic, Ukraine crisis and the climate...
  • The UNCTAD released the fifth edition of its annual SDG Pulse, a global reference for tracking progress towards achieving the Sustainable Development Goals (SDGs) by 2030.
  • The data and analysis cover a wide range of SDG indicators and others relevant to trade, investment, financing for development, debt, transport and technology.