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.

Two dead as Europe bound migrant ship capsizes off Tunisia

Tunisia is a major gateway for local and foreign migrants attempting perilous voyages. (AFP)
  • The vessel carrying 20 Tunisians went down at 2:00 am (0100 GMT) 120 meters (395 feet) from the beach in Gabes.
  • "Two bodies have been recovered, one of a 20-year-old man and the other of an infant," said an official statement.

Tunis, Tunisia – At least two Tunisians including a baby died when their Europe-bound boat sank Saturday off the North African country’s southeastern shores, the coastguard said, adding five others were missing.

The vessel carrying 20 Tunisians went down at 2:00 am (0100 GMT) 120 meters (395 feet) from the beach in Gabes, a statement said as search operations continue.

It said 13 passengers had been rescued.

“Two bodies have been recovered, one of a 20-year-old man and the other of an infant,” said the statement.

Authorities in the city of Gabes have launched an investigation to “determine the circumstances of this tragedy”, the coastguard added.

Tunisia is a major gateway for local and foreign migrants attempting perilous voyages in often rickety boats in the hopes of a better life in Europe.

More than 1,800 people have died this year in shipwrecks in the central Mediterranean migration route, the world’s deadliest, according to the International Organization for Migration.

The Tunisian coastal city of Sfax, which is located about 130 kilometers (80 miles) from the Italian island of Lampedusa, has emerged as a key migrant launchpad.

On Monday judicial officials reported the deaths of 11 migrants in a shipwreck off Sfax, with dozens more missing.