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.

Iraq, Kuwait, US conduct joint patrol in Arabian Gulf

Maritime forces from Iraq, Kuwait and the United States conducted a joint patrol in the Arabian Gulf.
  • Ships from the Iraq Navy, Kuwait Naval Force, Kuwait Coast Guard, US Navy, and US Coast Guard participated in maneuvering exercises and maritime security drills
  • US ships included patrol coastal ship USS Sirocco (PC 6) and fast response cutter USCGC Charles Moulthrope (WPC 1141)

MANAMA, Bahrain – Maritime forces from Iraq, Kuwait and the United States conducted a joint patrol in the Arabian Gulf.

Ships from the Iraq Navy, Kuwait Naval Force, Kuwait Coast Guard, US Navy, and US Coast Guard participated in maneuvering exercises and maritime security drills.

US ships included patrol coastal ship USS Sirocco (PC 6) and fast response cutter USCGC Charles Moulthrope (WPC 1141). 

Sirocco and Charles Moulthrope are forward-deployed to Bahrain where US 5th Fleet is headquartered.

“Trilateral engagements like this demonstrate the shared commitment of partner nations to safeguarding the seas,” said Capt. Robert Francis, commander of Task Force 55 whose staff oversees operations for US 5th Fleet surface forces.

Cooperation among regional partners at sea helps ensure maritime security and stability in nearby waters, he added.

The US 5th Fleet operating area includes 21 countries, the Arabian Gulf, Gulf of Oman, Red Sea, parts of the Indian Ocean and three critical choke points at the Strait of Hormuz, Bab al-Mandeb and Suez Canal.