Search Site

Trends banner

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.

Former Bundesbank chief appointed to head IMF expert panel

Bundesbank President Jens Weidmann. AFP
  • The expert group will conduct an independent review with a view to identifying how the Fund can ensure it has in place effective channels for complaint, dissent and accountability
  • "This will include reviewing the framework for addressing complaints applicable to the Managing Director and Executive Board officials," the IMF statement went on.

The International Monetary Fund has appointed former Bundesbank President Jens Weidmann to head an independent expert panel following allegations of data tampering against IMF chief Kristalina Georgieva, the body said Friday.

Georgieva was engulfed in controversy last year after an investigation concluded that during her tenure at the World Bank, she was among top officials who manipulated data from its closely watched Doing Business report in favor of China.

Georgieva has denied those allegations and her role as IMF’s executive director was reaffirmed in October.

The expert group “will conduct an independent review with a view to identifying how the Fund can ensure it has in place robust and effective channels for complaint, dissent and accountability,” the IMF said in a statement.

“This will include reviewing the framework for addressing complaints applicable to the Managing Director and Executive Board officials,” the statement went on.

The panel is expected to finalize a report and submit recommendations to the Board of Directors by the end of March 2022.