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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.

WHO registers eighty percent rise in measles case

Geneva, Switzerland - The World Health Organization voiced alarm on Tuesday at the rapid spread of measles, with more than 306,000...

Healthcare experts must keep up with tech innovations

She emphasizes the significant impact of technology on the healthcare sector and highlighted the 'Let's Talk Innovation' Symposium's focus on...

UAE and Amazon subsidiary to create cloud-based medical record system

The UAE's Ministry of Health and Prevention (MoHAP) has signed a memorandum of understanding (MoU) with Amazon Web Services (AWS),...
  • The signing came on the sidelines of MoHAP's participation at Arab Health 2020 that is being held in Dubai.
  • The project will implement the best means of strategic planning and decision-making, based on databases that help evaluate and measure the performance of health services.

Kuwait Red Crescent Society, ICRC to support relief program for Rohingyas

Kuwait Red Crescent Society and International Committee of the Red Cross will support and implement a relief medical program for...
  • The agreement with ICRC supports the health, water and sanitation sectors, said Dr. Hilal Al-Sayer, chairman Kuwait Red Crescent Society.
  • Through these joint efforts, thousands of people will receive vital humanitarian assistance, including health care.

Dubai to host international aid conference in March

The 18th annual Dubai International Humanitarian Aid and Development Conference and Exhibition - DIHAD 2022, will take place from 14th...
  • The event will highlight the importance of strengthening partnerships and the need for global cooperation to tackle humanitarian issues
  • DIHAD is the first-ever humanitarian aid and development event in the Gulf, supported by Mohammed bin Rashid Al Maktoum Global Initiatives

WHO chief says how World can end Covid emergency this year

The countries need to work harder to ensure equitable access to vaccines and treatment, track the virus and its emerging...
  • Since the Omicron strain was first detected in southern Africa nine weeks ago, Tedros said 80m cases had been reported to the WHO -- more than in all of 2020.
  • Half of the WHO's 194 member states missed the previous target of vaccinating 40 percent of their people by end-2021.

Global vaccine program COVAX seeks $5.2b in funding

COVAX's initial goal was to deliver 2 billion doses by the end of 2021, but its lack of cash when...
  • COVAX's initial goal was to deliver 2 billion doses by the end of 2021, but its lack of cash when vaccine deals were made delayed its delivery
  • Nearly 1 billion doses of the United Nations-backed COVAX program have been delivered since the shipments began nearly a year ago

WHO approves two new Covid-19 treatments

The WHO's Covid-19 treatment recommendations are updated regularly based on new data from clinical trials.
  • Arthritis drug baricitinib, used with corticosteroids to treat severe or critical Covid-19 patients, led to better survival rates
  • Also recommended was synthetic antibody treatment Sotrovimab, for people with non-serious Covid-19 at the highest risk of hospitalization

EU expects more GCC investors for its special program: Official

On 12th October 2021, the European Commission issued its first-ever NextGenerationEU green bond
  • The program is a temporary recovery instrument to help Europe repair the immediate economic and social damage brought about by COVID-19.
  • Since June 2021, the European Commission has rolled out five issuances and raised around €71 billion in long-term EU-Bonds, and short-term EU-Bills

UAE, European Union discuss ways to boost cooperation

The meeting was hosted at the UAE Ministry of Finance’s headquarters in Abu Dhabi.
  • The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration
  • This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.

Morocco’s GDP expected to grow by 3.2 percent in 2022: World Bank

The World Bank’s Global Economic Prospect reported on Tuesday that Morocco’s GDP is expected to grow by 3.2 percent in...
  • Output in 2023 is projected to remain about 5 percent smaller than expected before the pandemic, the World Bank notes.
  • The agricultural output returns to historical averages after the extraordinary performance of the primary sector in 2021, a WB report said.

UAE, European Union discuss ways to boost bilateral cooperation

The UAE and the European Union discussed ways of boosting bilateral cooperation between them to achieve mutual benefit across various...
  • The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration.
  • This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.

WHO registers eighty percent rise in measles case

Geneva, Switzerland - The World Health Organization voiced alarm on Tuesday at the rapid spread of measles, with more than 306,000...

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Iraqi forces seize 250,000 captagon pills from school

Iraq has long been transit country for captagon, but officials say it is increasingly becoming a consumer market for the...

Covid-19 has not gone away, kills 1,000 a week in Europe: WHO

Copenhagen, Denmark - The World Health Organization's European office on Tuesday warned the risk of Covid-19 has not gone away, saying...

Global body to fund 26 FAO projects worth $174.7m

ROME, ITALY - Building on growing momentum to tackle environmental problems by addressing the ways in which our food and...

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US firms to pay $1.2bn to clear claims of contaminating water sources

Three major chemical manufacturers announced that they will pay nearly $1.2 billion to settle claims that they contaminated water sources...
  • Chemours would contribute $592 million, DuPont $400 million and Corteva $193 million to the settlement fund.
  • The group of chemicals known as PFAS, per- and polyfluoroalkyl substances, have been found to cause cancer and other health problems.

AstraZeneca’s new cancer medication Imjudo launched in UAE

Abu Dhabi, UAE -- AstraZeneca has announced the launch of its revolutionary cancer medication, IMJUDO® (tremelimumab) in the UAE.The launch...
  • UAE is one of the first countries in the Middle East to receive access to the medication that marks a significant advancement in the treatment of cancer
  • Clinical trials have demonstrated the efficacy and tolerability of IMJUDO® in combination in various types of cancer, including metastatic non-small cell lung cancer

PIF sets up firm Badael to curb tobacco use in Saudi Arabia

RIYADH, SAUDI ARABIA- The Public Investment Fund (PIF) announced the establishment of Badael Company, which aims to develop, manufacture and...
  • Badael aims to address the negative impact that smoking has on the well-being of the Saudi population.
  • The company’s products are expected to help nearly one million people give up smoking by 2032.