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BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Al Rajhi profit up 26%

Operating income for 2025 increased 22% to SAR 39 bn.

Emirates NBD 2025 profit $8.5bn

Total income rises by 12 percent, operating profit up 13%.

Algeria demands W.Sahara ‘clarifications’ from Madrid

  • Algeria, which backs the Polisario independence movement in the former Spanish colony, had in March recalled its envoy to Madrid
  • The Polisario waged a long armed struggle in Western Sahara for independence from Morocco before reaching a ceasefire in 1991

Algeria announced Monday that the return of its ambassador to Madrid depends on “clarifications” from Spain regarding its recent policy u-turn on disputed Western Sahara.

Algeria, which backs the Polisario independence movement in the former Spanish colony, had in March recalled its envoy to Madrid after Spain broke with its decades-long stance of neutrality and recognised Morocco’s autonomy plan for the territory.

The Polisario waged a long armed struggle in Western Sahara for independence from Morocco before reaching a ceasefire in 1991, on the promise of a referendum on self-determination.

But the Polisario in 2020 declared the 1991 ceasefire null and void after Morocco sent in troops to forcibly reopen a highway running through Western Sahara to neighbouring Mauritania.

“The return of the Algerian ambassador in Madrid will be determined sovereignly by the Algerian authorities in the context of prior and frank clarifications,” Algiers’ special envoy on the Western Sahara said.

Amar Belani added that it is necessary to “rebuild seriously damaged trust on the basis of clear, predictable principles that comply with international law”, in remarks reported by state news agency APS.

This comes after televised remarks by Spanish Prime Minister Pedro Sanchez in which he said he hoped to “resolve this diplomatic problem in a short period of time”.

He added that he hoped his country could maintain “positive, strategic ties with Morocco and Algeria”, according to local media.

But Belani dismissed Sanchez’s remarks as betraying a “disconcerting lightness” and seeking to “absolve himself of the heavy personal responsibility” over Spain’s about-face.

Western Sahara boasts rich Atlantic fishing waters, phosphate resources and a route to lucrative markets in West Africa.