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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.

Lebanon central bank not bankrupt, says governor

Lebanon’s Deputy Prime Minister Saadeh al-Shami claimed on Monday that the country and its central bank had gone bankrupt. The...
  • Lebanon is in the third year of a financial implosion, which is widely blamed by experts on decades of corruption and bad policies
  • These have led the currency to crash in value by more than 90 percent since end-2019, and banks to lock most savers out of hard currency

First World Cup in Middle East will be healthiest ever: FIFA President

Several measures will be implemented at this year’s FIFA World Cup Qatar in a bid to promote healthy lifestyles. Senior...
  • World Health Organization, Qatar's health ministry and FIFA agree to implement several measures to promote healthy lifestyles at the mega event.
  • The three entities will leverage the global power of football to help people lead healthy lives, said WHO Director-General Dr. Tedros Adhanom Ghebreyesus.

GCC pharma industry: Leaders and innovators

GCC countries have a highly dynamic environment characterized by growing populations, a broad diversity of patient demands and increasing healthcare...
  • The number of drug factories in the UAE has risen from four in 2010 to 23 in 2021, while its drug market is expected to grow up to $4.7 bn in 2025.
  • More than $400m worth of Saudi pharmaceuticals are exported each year. The kingdom aims to double the percentage of local pharma manufacturers.

‘Hybrid immunity’ is best Covid protection

Two new studies have highlighted the importance of getting jabbed for those who have natural immunity after recovering from the...
  • For people who have already had Covid, Pfizer and AstraZeneca's vaccines offered 90 percent effectiveness against hospitalization and death
  • Meanwhile, China's CoronaVac had 81 percent and Johnson & Johnson's one-shot jab had 58 percent effectiveness against these occurrences

Nairobi to host next biodiversity meeting in June to save nature

Countries have proposed to hold an extra biodiversity meeting in Nairobi in June as talks in Geneva tasked with saving...
  • The meeting could take place between June 21 and 26 later this year in Nairobi, the Kenyan capital
  • Holding the meeting is subject to official approval by the Geneva meeting before it wraps up later Tuesday

Saudi Arabia eases rules for US, UK, and Schengen visa holders

The move comes two weeks after the country lifted all Covid-19-related entry restrictions.
  • Citizens of any country can now receive a 12-month tourism visa on arrival in Saudi Arabia without needing to apply in advance
  • However, they will have to hold one of the three visas, and travel on one of the country’s national carriers: Saudia, Flynas, or Flyadeal

UN Population Fund hails Jordan’s health sector achievements

UNFPA reviewed key areas of cooperation with Jordan in the health sector, particularly during the COVID-19 pandemic.
  • Jordan’s Minister of Health Feras Hawwari has discussed areas of cooperation with UN Assistant Secretary-General and UNFPA Deputy Executive Director/Programs, Diene Keita.
  • The UNFPA agreed to maintain coordination and collaboration with the ministry on specified objectives.

Jordan ends all forms of distancing in mosques

Worshipers have been asked to wear masks when entering mosques and performing prayers.
  • Worshipers have been asked to wear masks when entering mosques and performing prayers
  • Earlier, the Awqaf Ministry, based on recommendations of the Governmental Epidemiology Committee, decided to enforce social distancing

On International Day of Happiness, UAE aims for best quality of life

The UAE is celebrating the International Day of Happiness, observed on March 20, with achievements and gains that enhance the...
  • The minister was speaking on International Day of Happiness, which is to be held on March 20
  • He said the UAE aspires to maintain its leading position among the happiest countries in the world

One in five Saudi citizens have a food allergy

The SFDA said that food allergy can be best treated by avoiding the ingredients that cause it.
  • The SFDA said that food allergy can be best treated by avoiding the ingredients that cause it
  • Food allergy is defined as a reaction of the immune system to a certain type of food

Middle East poised to lead global crypto surge as Bitcoin eyes $100,000

Geneva, Switzerland - A major new study released by The Lancet Neurology shows that, in 2021, more than 3 billion people worldwide...

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WHO launches global initiative on digital health supported by G20 Presidency

GANDHINAGAR, INDIA - The World Health Organization (WHO) and the G20 India presidency announced a new Global Initiative on Digital...

WHO’s maiden traditional medicine summit opens in India

"WHO is working to build the evidence and data to inform policies, standards and regulations for the safe, cost-effective and...

Ma’aden, BADC ink agreement

Firm to supply 600,000 tons of fertilizers to BADC.

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Covid cases up 80 percent globally as new subvariant rises

The number of new COVID-19 cases reported worldwide rose by 80 percent in the last month, the World Health Organization...
  • The UN agency said that nations reported nearly 1.5 million new cases from July 10 to August 6.
  • Many of the new cases came in the Western Pacific region, which saw infections jump by 137 percent.

Nearly 14m children in Sudan need aid, says UNICEF

NEW YORK, US - Two senior UN humanitarian officials have called for more funding and fewer bureaucratic impediments to support...
  • The crisis in Sudan recently passed the 100-day mark and overall, 24 million people across the country require aid.
  • Chad is one of several neighboring nations hosting some 900,000 people who fled the violence in Sudan.

Burjeel Holdings H1 net profit $61m

Firm's EBITDA rose 12.7% y-o-y to $127 million in H1 2023.
  • Burjeel Holding reported revenue of US$599 million, up 13.9 percent y-o-y during H1 2023.
  • The net profit was attributable to robust topline growth and significantly lower finance costs.