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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.

Bird flu outbreak in Israel results in death of 2,000 cranes

More than 40,000 cranes are estimated to have remained in the area of northern Israel as 2000 have been dead...
  • A bird flu outbreak has killed more than 2,000 wild cranes on a reserve in northern Israel
  • The virus affects Israel annually, but this year's outbreak is much larger than previous years

Bahrain closes two eateries over violation of Covid-19 protocols

Inspectors also visited a total of 193 restaurants and cafes and took required measures against 17 outlets.
  • The Ministry of Health announced that it had taken the required measures prior to referring both food outlets to legal authorities
  • This came during an inspection campaign conducted in cooperation with the Ministry of Interior and the Ministry of Industry

UAE suspends entry for travelers from Kenya, Tanzania, Ethiopia, Nigeria

UAE citizens are barred from traveling to the four African countries except for the country's emergency treatment cases, official delegations,...
  • This includes suspending the entry of travellers who were in the four countries 14 days before coming to the UAE
  • The UAE nationals, their relatives, diplomatic missions, official delegations between UAE and these countries and Golden residence holders are excluded from this decision

US authorizes Pfizer’s anti-Covid pill as Omicron surges

Paxlovid, which comprises two types of tablet, was granted an emergency use authorisation by the Food and Drug Administration.
  • Paxlovid, which comprises two types of tablet, was granted an emergency use authorisation by the Food and Drug Administration
  • The FDA stressed the treatment should complement rather than replace vaccines, which remain the frontline tool against the coronavirus

Mubadala, G42 plan campus

The biopharma campus is expected to be set up in Abu Dhabi.
  • The biopharma campus is expected to tap into global vaccine and therapeutic products to strengthen regional supply chains
  • It is also expected to drive the UAE’s diversification and economic-growth agenda

Turkey authorizes use of domestically developed Turkovac vaccine

President Recep Tayyip Erdogan on Wednesday announced the emergency use approval of Turkey's first domestically-developed coronavirus vaccine. In June, Turkovac...
  • In June, Turkovac entered Phase III trials involving 40,800 participants in Turkey. No official data about its efficacy have been released.
  • Developers said the Turkovac vaccine works along the same scientific principles as China's CoronaVac, which Turkey has been using since the start of the year.

Sharjah Council okays measures for boosting safety of agri products

The Sharjah Executive Council (SEC) has approved a draft Emiri decree on organizing the Sharjah Classic Cars Club, and a...
  • The Council approved draft Emiri decrees on organizing the Sharjah Classic Cars Club and the Sharjah Self-Defense Sports Club.
  • The council directs the authorities concerned to equip cadres with the necessary inspection and control skills.

NYU Abu Dhabi’s Water Research Center partners with EWEC

The center serves as an interdisciplinary innovation hub for research in water desalination and membrane technology innovation.
  • The center serves as an interdisciplinary innovation hub for research in water desalination and membrane technology innovation
  • The new partnership will engage NYUAD students to contribute to the continued advancement of water research, and educate them on water management

Omicron now dominant in US as WHO urges greater effort to end pandemic

Omicron now accounts for 73.2 percent of new US cases over the past week ending Saturday.
  • Omicron now accounts for 73.2 percent of new US cases over the past week ending Saturday
  • Early data suggests Omicron could be more infectious and possibly have higher resistance to vaccines

Israel to ban travel to US over Omicron spread

Lawmakers from Israel also approved the health ministry recommendation to bar Israelis from travel to France, Ireland, Norway, Spain, Finland,...
  • Israel will impose restrictions on traveling to US as Covid-19 curbs widen
  • Foreigners coming to Israel from red-list nations are prohibited to enter until they get special permission

WEF24: AI-generated drugs promise cost reduction

AI is playing a critical role across the biomedical spectrum, from accelerating drug discovery to improving care delivery systems, says...

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WHO unveils network to minimize spread of infectious diseases

The World Health Organization launched a global network to help swiftly detect the threat from infectious diseases, like COVID-19, and...

MoFAIC,  Burjeel Holdings ink MoU on healthcare services

ABU DHABI, UAE -  UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and Burjeel Holdings have signed a Memorandum...

UAE sees 20 percent decrease in nitrogen oxide emissions: study

Dubai, UAE-- The UAE has witnessed a 20 percent drop in nitrogen oxide emissions from power generation activities, according to...

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Burjeel Holdings Q1 profit $33m

The company posted Q1 revenue of US$299 million.
  • Firm's revenue increased by 11.6 percent year-on-year and net profit by 43.4 percent reflecting strong growth.
  • Burjeel Holdings continue to review partnership opportunities in the Middle East and Africa region.

WHO debates whether Covid emergency should be declared over

Since the beginning, more than 765 million confirmed cases of Covid-19 have been reported to the WHO from around the...
  • The World Health Organization's emergency committee's 15th meeting on the crisis comes more than three years.
  • The independent committee meets every three months to discuss the pandemic and reports to WHO chief.

Bahrain free of India-made ‘contaminated’ cough syrup

Manama, Bahrain - Bahrain has taken steps to ban from its markets the contaminated cough syrups made in India in...
  • The National Health Regulatory Authority (NHRA) on Sunday confirmed that the Kingdom's markets are free of Indian cough syrup
  • The Authority has reassured the public that it is committed to ensuring the safety of medicines and pharmaceuticals circulating in the Kingdom