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DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

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: