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.

Libyan premier to run for president in breach of pledge to remain neutral

Libyan interim Prime Minister Abdulhamid Dbeibeh. AFP
  • Abdulhamid al-Dbeibah has gained popularity through public spending programs after years of civil war
  • He could become the first directly elected Libyan head of state since Muammar Gaddafi was overthrown a decade ago

The head of Libya’s national unity government has indicated he plans to run for president next month, despite vowing to remain neutral when he took office in March under a UN-backed peace process, Reuters reported.

Abdulhamid al-Dbeibah has gained popularity through public spending programs after years of civil war, and could become the first directly elected Libyan head of state since Muammar Gaddafi was overthrown a decade ago.

But there is a catch. When Dbeibah and other cabinet members were appointed to the Government of National Unity, which replaced two rival administrations after years of conflict between factions based in the east and west, they pledged not to run for president.

The rival political parties in Libya are divided over the elections’ legal basis, the rules related to candidacy, and even the date.

Khalifa Haftar, the main commander in the civil war from the east, as well as Saif al-Islam Gaddafi, the son of the former dictator, are also candidates.