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ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

Oil prices higher on China boost, Syria uncertainty

Major stock markets diverged as investors reacted to political crises in South Korea and France, and tracked the perspectives for...

ICJ orders Israel to ensure humanitarian aid in Gaza

The International Court of Justice said in its order that Israel should "take all necessary and effective measures to ensure,...
  • The court said that Palestinians in Gaza are no longer facing only a risk of famine, but... famine is setting in
  • At the ICJ, South Africa has charged that Israel is perpetrating a genocide in Gaza

Embracer sells Borderlands

The sale is expected to be completed by June-end .
  • The sale would reduce the company's net debt by around $300-327 million, the group said in a statement
  • Gearbox will join a Take-Two line-up that includes the likes of "Grand Theft Auto" maker Rockstar Games and 2K

White House rolls out ‘concrete safeguard’ policies for federal AI

Washington, US - "Concrete safeguards" for government use of artificial intelligence were announced by the White House on Thursday, as it...
  • VP Kamala Harris said the AI tools to be used by government agencies would be verified to make sure they do not endanger the rights and safety of Americans.
  • She gave the example of a Veterans Administration hospital that uses AI for medical diagnostics, saying it would need to first demonstrate results are not biased.

US stocks open mixed ahead post fresh economic data

New York, US- Wall Street stocks saw a mixed start to Thursday, as traders digested the latest economic data ahead of...
  • The broad-based S&P 500 Index was flat at 5,247.74, while the tech-heavy Nasdaq Composite Index retreated 0.2 percent to 16,363.03
  • The Commerce Department made a surprise upward revision to fourth quarter GDP growth, to an annual rate of 3.4 percent

Russia says ‘evidence’ links Ukraine to Moscow attack

MOSCOW, RUSSIA - Russia said on Thursday it had evidence the perpetrators of last week's massacre at a concert hall outside...
  • Russian officials alleged the suspects had received "significant amounts of money and cryptocurrency from Ukraine".
  • The officials said that said another man "involved in financing the terrorists" had been identified and detained.

French parliament condemns 1961 Paris killings of Algerians

Paris, France - The French parliament's lower house on Thursday approved a resolution condemning as "bloody and murderous repression" the killing...
  • Dozens of peaceful demonstrators died during a crackdown by Paris police on a protest by Algerians in 1961
  • The bill, put forward by Greens lawmaker Sabrina Sebaihi and ruling Renaissance party MP Julie Delpech, was approved by 67 lawmakers

UN ‘disturbed’ as Israeli strikes on health care kills 10 in Lebanon

"The tragic events of the past 36 hours have resulted in a significant loss of life and injuries in south...
  • "Deeply disturbed by the repeated attacks on health facilities and health workers who risk their lives to provide urgent assistance to their local communities," said Imran Riza.
  • Hizbollah said four of its fighters and two rescuers were killed in Wednesday's strikes, while its ally the Amal movement said it had lost two members, including a rescuer.

What do scientists hope to learn from total solar eclipse in US?

Washington, United States -- When a rare total solar eclipse sweeps across North America on April 8, scientists will be able...
  • Total solar eclipses offer "incredible scientific opportunities," NASA Deputy Administrator Pam Melroy told a press conference this week about the celestial event.
  • Startling animal behavior has been noted during eclipses: Giraffes have been seen galloping, while roosters and crickets can start crowing and chirping.

Palestinian Authority president approves new government

Prime Minister Mohammed Mustafa, who presented the government and aims to see it play a role in post-war Gaza said...
  • He added that his cabinet "will work on formulating visions to reunify the institutions, including assuming responsibility for Gaza".
  • The new government is made up of 23 ministers, including three women and six Palestinians from Gaza, among them former Gaza City mayor Maged Abu Ramadan.

UBS reports lower net profit in 2023

The Swiss government pushed it to buy Credit Suisse last year.
  • UBS had reported a $29 billion annual profit in February due to the difference between the value of the assets obtained in the Credit Suisse dea
  • In its annual results published on Thursday, UBS said the fair-value estimate has been adjusted by $1.2 billion, decreasing the "negative goodwill" to $27.7 billion

New Syrian rulers pledge stability, accountability, and reconstruction after Assad’s ouster

Abu Mohammed al-Jolani, the Islamist leader who headed the rebel offensive, had previously announced talks on a transfer of power...

Latest News

Iran FM threatens ‘even stronger’ retaliation to any attack

"Our reaction to any attack by the Zionist regime is completely clear," Foreign Minister Abbas Araghchi told reporters in the...

Trump says he thinks Israel should ‘hit’ Iran nuclear facilities

The former president, speaking at a campaign event in North Carolina, referred to a question posed to Democratic President Joe...

Updates: Israel attacks 2,000 sites in Lebanon, kills over 40 rescuers, and destroys hospitals

Israel has intensified its attacks against Lebanon striking emergency services and professionals - a possible war crime. Several hospitals in...

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Israel’s hawkish Yoav Gallant driving war in Lebanon

Jerusalem, Undefined - Defence Minister Yoav Gallant, a former general who has shaped Israel's war against Hamas in Gaza, is a...
  • The hawkish politician, a member of Prime Minister Benjamin Netanyahu's party has repeatedly stressed that Israel must take the fight to Lebanon
  • Military action was "the only way to ensure the return of communities in northern Israel to their homes", Gallant told visiting US envoy Amos Hochstein last month

FIFA defers decision on Palestinian request to suspend Israel

FIFA president Gianni Infantino said in a statement: "The FIFA Council has implemented due diligence on this very sensitive matter...
  • At FIFA's congress in Bangkok in May, the Palestinian Football Association called for its Israeli counterpart to be suspended and for Israeli teams to be banned from FIFA event
  • FIFA was initially set to hold an extraordinary session of its ruling council before July 20 to review the independent legal analysis and decide how to proceed

Libya’s eastern administration lifts oil production, export blockade

The Benghazi-based administration, which controls most of Libya's oilfields, said in a Facebook post it was "lifting the force majeure...
  • Libya is struggling to recover from years of conflict after the 2011 NATO-backed uprising that overthrew Moamer Kadhafi
  • It remains split between a United Nations-recognized government of Prime Minister Abdulhamid Dbeibah and the rival authority in the east backed by military strongman Khalifa Haftar