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.

US announces extra $165 mln in Yemen aid

  • Yemen's conflict flared in 2014 when Iran-backed Huthi rebels seized the capital Sanaa
  • The fighting has killed tens of thousands, displaced millions and left some 80 percent of Yemenis dependent on aid

The United States on Monday announced an additional $165 million in humanitarian aid for Yemen, as the war-ravaged country continues to face what the UN calls the world’s worst humanitarian crisis.

Yemen’s conflict flared in 2014 when Iran-backed Huthi rebels seized the capital Sanaa, prompting a Saudi-led intervention to prop up the internationally recognised government the following year.

The fighting has killed tens of thousands, displaced millions and left some 80 percent of Yemenis dependent on aid.

“The US is announcing today $165 million in additional humanitarian assistance for Yemen,” said Tim Lenderking, US special envoy for Yemen.

“We believe that taking immediate steps to mitigate the humanitarian crisis and save lives can contribute to progress on the peace process,” he told a virtual press conference.

Five million Yemenis are on the brink of famine, and some 50,000 people live in famine-like conditions — the first time such critical levels of hunger have been reached in two years, according to the UN World Food Programme.

The UN has warned that famine could become part of Yemen’s “reality” this year.

“The US can’t do this alone,” Lenderking said. “Other donors, particularly regional donors, must step up their contributions.”

A donor conference earlier this year raised $1.7 billion in aid for the country — just half its target.