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

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

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

Khalid Sheikh Mohammed, accused of being the main plotter of the 9/11 attacks, agrees to plead guilty WASHINGTON: Khalid Sheikh Mohammed, accused of masterminding the September 11, 2001 al-Qaida attacks on the United States, has agreed to plead guilty, the Defense Department said Wednesday. The development points to a long-overdue resolution in an attack that … Read more