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.

UN chief warns pandemic not over, decries vaccine inequality

Guterres said the pandemic is not over yet.
  • Guterres noted that while 1.5bn shots are produced monthly, nearly 3 billion people are still waiting for their first shot.
  • This failure is the direct result of policy and budgetary decisions that prioritize the health of people in wealthy countries over the health of people in poor countries, he said.

After two years the Covid-19 pandemic is not yet over and could be prolonged further due to “scandalously unequal” vaccine distribution, the UN secretary-general warned Wednesday.

“The pandemic’s most tragic toll has been on the health and lives of millions, with more than 446 million cases worldwide, more than six million deaths confirmed, and countless more grappling with worsening mental health,” said UN chief Antonio Guterres in a statement marking the second anniversary of the global crisis.

“Thanks to unprecedented public health measures, and the extraordinarily rapid development and deployment of vaccines, many parts of the world are bringing the pandemic under control,” he said.

“But it would be a grave mistake to think the pandemic is over.”

Guterres noted that the “distribution of vaccines remains scandalously unequal,” and that while 1.5 billion doses of vaccine are produced each month, “nearly three billion people are still waiting for their first shot.”

“This failure is the direct result of policy and budgetary decisions that prioritize the health of people in wealthy countries over the health of people in poor countries,” said Guterres.

He added that the two-tiered recovery is “a recipe for more variants, more lockdowns and more sorrow and sacrifice in every country.”

The statement concluded by calling on the whole world to “re-dedicate ourselves to ending this pandemic… and closing this sad chapter in humanity’s history, once and for all.”