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.

Qatar wealthiest Arab nation, Somalia poorest

  • The bottom 50 percent of earners in the Arab world control less than 12 percent of national income.
  • Political instability in some Arab countries, such as Yemen (the second poorest) has led to economic hardship.

Dubai, UAE — The Arab world is one of the most unequal regions in the world. According to the World Inequality Database, the top 10 percent of earners in the Arab world control more than 56 percent of national income, while the bottom 50 percent of earners control less than 12 percent. This means that the richest 10 percent of people in the Arab world are more than five times as wealthy as the poorest 50 percent. The disparity is the starkest when the GDP of the oil-rich Gulf states is compared with that of some African countries. In this infographic, TRENDS takes a look at the richest and the poorest Arab countries: