Aramco 2025 net profit $104bn, to pay $85.4 bn in dividends
Dubai, UAE -- Saudi Arabian Oil Co. (Aramco) reported a net profit of $104.7 billion for 2025, a decline from...
Business
Empower distributes $701 million dividends since listing
Dubai, UAE -- Emirates Central Cooling Systems Corporation PJSC (Empower) said it has distributed AED2.575 billion in dividends to shareholders...
Business
Arts & Culture
Traditional coffee roaster reflects Saudi heritage
The mahmas is typically made of thick iron or copper and consists of a hollow cylindrical disc with a long...
- Beans are roasted over fire until they turn golden and their husks fall off, before being transferred to a wooden container known as the “mibradah.”
- Roasting methods varied across the Arabian Peninsula, including the Shaghdaliyah, Hijaziyah, Qatifiyah and Hasawi roasters.
Geostrategy
Six Ramadan initiatives launched in Asir region
Abha, Saudi Arabia — Six Ramadan community initiatives were launched in Al-Harjah Governorate in Saudi Arabia’s Asir region as part...
- The initiatives cover religious education, heritage preservation, archaeological documentation and traditional arts.
- A workshop titled “Color Your Heritage” explored Al-Qatt Al-Asiri art and integrated it with Tihami heritage motifs.
Geostrategy
Bapco Energies declares force majeure on operations
Manama, Bahrain --- Bapco Energies BSC (Closed), Bahrain’s integrated energy company, announced force majeure on its group operations on Monday.The...
- The company said the move follows the ongoing regional conflict in the Middle East and a recent attack on its refinery complex.
- Bapco Energies said all local market needs remain fully secured through proactive plans to ensure the continuity of supplies and meet domestic demand without disruption.
Business
Aramco net income $28bn
Capital investment during Q3 2025 $12.9bn on investments in energy projects.
- The company also reported free cash flow of approximately $23.6 billion in the quarter.
- The company is expanding gas production capacity and investing in new projects including the Jafurah gas development project.
Business
e& revenue up 23%
Consolidated net profit reached $2.94 billion during 2025.
- The telecom group also reported continued growth in its subscriber base and digital service offerings across its operating markets.
- During the third quarter of 2025, the company reported consolidated revenue of AED53.5 billion for the first nine months of the year.
Business
Al Rajhi profit up 26%
Operating income for 2025 increased 22% to SAR 39 bn.
- The bank said net profit increased 26 percent year-on-year to SAR24.79 billion ($6.6 billion) in 2025.
- Profit for the fourth quarter alone reached SAR6.37 billion.
Business
Emirates NBD 2025 profit $8.5bn
Total income rises by 12 percent, operating profit up 13%.
- Following the announcement of the results, Emirates NBD’s board proposed an ordinary dividend of 100 fils per share for the year.
- The lender is one of the largest banking groups in the Middle East and is listed on the Dubai Financial Market.
Geostrategy
Turkey says it will not allow anyone to incite civil war in Iran
President Masoud Pezeshkian reaffirms Tehran’s commitment to regional peace during conversations with the leaders of Russia and Pakistan; Lebanon death...
- The condition include recognition of Iran’s “legitimate rights”, payment of reparations, and firm international guarantees to prevent future attacks
- The conflict began on February 28 after the United States and Israel carried out joint strikes on Iran, triggering a series of retaliatory attacks from both sides
Business
Renowned designer Cucinelli stresses sustainability at Saudi event
Riyadh, Saudi Arabia -- Renowned luxury fashion designer Brunello Cucinelli shared his insights on building a global brand and the...
- Brunello Cucinelli, who founded his luxury fashion brand in 1978 in Italy, is recognized for creating meticulously crafted pieces from the finest cashmere.
- He emphasized the need to blend traditional techniques with modern design to create unique and authentic pieces.
Dubai real estate sets all-time record in 2024
Dubai’s real estate market has had a record-breaking year, with new milestones being set throughout 2024, culminated in an all-time...
- First sales from developers climbed by 30 percent year-on-year to US$91 billion
- The year marked a 42 percent year-on-year increase in the volume of apartment sales
Aramco 2025 net profit $104bn, to pay $85.4 bn in dividends
Dubai, UAE -- Saudi Arabian Oil Co. (Aramco) reported a net profit of $104.7 billion for 2025, a decline from...
Business
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Proof of Covid-19 vaccination, PCR test needed to enter Expo Dubai
Expo 2020 visitors will need a coronavirus vaccination or a negative PCR test to enter, organisers in Dubai has said....
Traditional coffee roaster reflects Saudi heritage
Arts & Culture
Bapco Energies declares force majeure on operations
Manama, Bahrain --- Bapco Energies BSC (Closed), Bahrain’s integrated energy company, announced force majeure on its group operations on Monday.The...
Geostrategy
Aramco net income $28bn
Capital investment during Q3 2025 $12.9bn on investments in energy projects.
Business
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Business
Emirates NBD 2025 profit $8.5bn
Total income rises by 12 percent, operating profit up 13%.
- Following the announcement of the results, Emirates NBD’s board proposed an ordinary dividend of 100 fils per share for the year.
- The lender is one of the largest banking groups in the Middle East and is listed on the Dubai Financial Market.
Geostrategy
Turkey says it will not allow anyone to incite civil war in Iran
President Masoud Pezeshkian reaffirms Tehran’s commitment to regional peace during conversations with the leaders of Russia and Pakistan; Lebanon death...
- The condition include recognition of Iran’s “legitimate rights”, payment of reparations, and firm international guarantees to prevent future attacks
- The conflict began on February 28 after the United States and Israel carried out joint strikes on Iran, triggering a series of retaliatory attacks from both sides
Business
Renowned designer Cucinelli stresses sustainability at Saudi event
Riyadh, Saudi Arabia -- Renowned luxury fashion designer Brunello Cucinelli shared his insights on building a global brand and the...
- Brunello Cucinelli, who founded his luxury fashion brand in 1978 in Italy, is recognized for creating meticulously crafted pieces from the finest cashmere.
- He emphasized the need to blend traditional techniques with modern design to create unique and authentic pieces.