SABIC reports 84% surge in net profit to $564m

RIYADH: Petrochemical giant Saudi Basic Industries Corp. reported an 84 percent year-on-year increase in net profit to SR2.18 billion ($564 million) in the second quarter of 2024, driven by higher margins and new zakat regulations. In a Tadawul statement, the company reported a 32 percent rise in gross profit to SR7.19 billion, driven by better … Read more

China is restricting export of drones that can be used for military purposes and some drone features

DHAKA, Bangladesh: Bangladesh observed a day of mourning on Tuesday to commemorate more than 200 people killed in recent weeks during violence that grew out of student protests over the South Asian country's quota system for government jobs. After weeks of peaceful student protests seeking to change the system — which reserves 30 percent of … Read more