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AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

Nations start negotiations over global plastics treaty at Nairobi meet

Nairobi, Kenya -- Nations grappling with the plastic "suffocating" nature and leaching into food and the human body began fresh...
  • Around 60 so-called "high ambition" nations have called for binding rules to reduce the use and production of plastic
  • Kenyan President William Ruto described plastic pollution as "an existential threat to life, to humanity and everything in between."

Saudi Arabia to produce 80-90% insulin domestically

"More than 200 essential medications have been identified, making up about 40 percent of the total purchases by government health...
  • Saudi Arabia is making strides in its pharmaceutical sector, with aims to produce 80 to 90 percent of its insulin domestically
  • At the Global Health Forum, key agreements were inked, spotlighting the Kingdom's commitment to medical biotechnology

Positive trial for Pfizer-BioNTech Covid-flu jab

Berlin, Germany - Germany's BioNTech and US pharmaceutical giant Pfizer on Thursday announced "positive" results from initial trials of their combined...
  • The messenger RNA method made its debut with the Pfizer-BioNTech coronavirus vaccine, which was the first jab against Covid to be approved in the West in late 2020
  • Pfizer and BioNTech first announced in November 2022 that they were planning to use the same technology to develop a combined Covid and flu vaccine

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,...
  • The MoUs related to the biotechnology and pharmaceutical sectors aim to explore, develop, manufacture and market a range of potential new medicines.
  • The MoU of the financial services sector aims to provide an opportunity for investors to invest directly in key projects in line with the Saudi Vision 2030.

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...
  • Researchers at Stockholm University found that in general younger people were the ones snoozing and they were to a high degree night owls.
  • In a second study, the researchers found that most of the respondents who snoozed for half an hour managed to get a lot of sleep during that half hour even though it was disturbed.

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...
  • Wall Street opened in the red, with the tech-heavy Nasdaq shedding more than one percent, while Frankfurt and Paris fell 0.6 percent afternoon deal.
  • "Understandably, not many people are in the mood to put their hard-earned cash at risk in these uncertain economic times," said an expert.

WHO transports Gaza aid to Egypt, waits for humanitarian access

Geneva, Switzerland - The World Health Organization said on Saturday enough basic health supplies to serve 300,000 people in the Gaza...
  • The WHO supplies include enough medicines to treat 1,200 wounded patients and 1,500 patients suffering from various diseases.
  • The supplies were ready to go in once humanitarian access could be established through the Rafah crossing from Egypt into the southern Gaza Strip.

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.

Saudi Arabia to host largest health event with global participation on Oct 21-23

Riyadh, Saudi Arabia – Saudi Arabia is preparing to host the seventh edition of the Global Health Forum under the...

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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...

World’s biggest flying lab comes to Asia on air pollution mission

Clark, Philippines - NASA has kicked off a series of marathon flights in Asia with the world's biggest flying laboratory, in...

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...

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UAE healthcare spending set to reach $30.6bn by 2027

The sector witnesses a shift towards personalized and precision medicine, underscored by healthcare's significant digitization and data generation, says a...
  • The sector witnesses a shift towards personalized and precision medicine, underscored by healthcare's significant digitization and data generation, says a white paper.
  • Precision medicine has been identified as a key departure from traditional healthcare approaches, focusing on patient-centered care, the report highlights.

WHO warns new cancer cases will rise to 35 million by 2050

Geneva, Switzerland - The number of new cancer cases will rise to more than 35 million in 2050 -- 77 percent...
  • The WHO's International Agency for Research on Cancer (IARC) cited tobacco, alcohol, obesity and air pollution as key factors in the estimated rise
  • The most-developed countries are expected to record the greatest increases in case numbers, with an additional 4.8 million new cases predicted in 2050 compared with 2022 estimates,

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...
  • The remarkable progress is attributed to a series of strategic efforts, notably the incorporation of health promotion principles into all facets of life and policy
  • Initiatives such as promoting walking culture, reducing salt in foods, and fortifying health services have collectively contributed to the nation's improved health landscape