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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.

SHUAA to launch next-gen Digital Wealth platform

Alahmadi is set to be a part of the Board’s Investment Committee.
    • The Digital Wealth Platform will open up SHUAA to a broader investor base

    • The new digital wealth platform will integrate new technologies such as AI with curated management

    SHUAA, an asset management and investment banking firm, is set to launch a new digital wealth fintech as part of its plans to further develop its digital offerings.

    The new digital wealth platform will integrate new technologies such as AI with curated management and advisory services for a seamless experience.

    The digital wealth platform will open up SHUAA to a broader investor base, including the next generation of investors.

    The company has appointed Hadi Raad, an ex-Visa and Google alumnus, to lead SHUAA’s innovative and ambitious digital proposition as Chief Digital Officer.

    Hadi holds both a Bachelor’s degree in engineering in computers and communications and a Master’s degree in Engineering Management from the American University of Beirut. He also holds an MBA with high honors from the University of Chicago, Booth School of Business.