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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.

World leaders meet for climate talks, but big names missing

Dozens of world leaders convene in Azerbaijan on Tuesday for COP29 but many big names are skipping the UN climate...
  • Heads of some of the most powerful and polluting economies are not attending
  • Top priority at COP29 is boosting funding for climate action in developing countries

World leaders meet for climate talks, but big names missing raising concerns over global climate commitment

The small group of developed countries that currently contributes the money wants the donor pool expanded to include other rich...
  • More than 75 leaders are expected in Baku over two days but the heads of some of the most powerful and polluting economies are not attending this year's summit
  • Just a handful of leaders from the G20 -- which accounts for nearly 80 percent of planet-heating greenhouse gas emissions -- are expected in Azerbaijani capital

Donald Trump ramps up transition moves with key appointments

President-elect Donald Trump is tapping loyalists for several key posts after signaling his desire to have his cabinet confirmed without...
  • Trump has promised to carry out the "biggest deportation operation in the history of our country"
  • New York congresswoman Elise Stefanik got the nod for UN ambassador, while Stephen Miller might serve as deputy chief of staff

Saudi Crown Prince says Israel must not attack Iran, expresses shock over war crimes in Gaza

Indicating improving ties between the two major powerhouses in the Middle East, Crown Prince Mohammed bin Salman urged international community...
  • International community should oblige Israel "to respect the sovereignty of the sisterly Islamic Republic of Iran.."
  • Riyadh and Tehran are warming their relationship, and this is a very different regional environment, says expert.

Saudi crown prince demands Gaza, Lebanon ceasefires at Arab summit

Prince Salman also called on Israel not to attack Iran, highlighting improving ties between Saudi Arabia and its former regional...
  • Prince Mohammed bin Salman said the international community must "immediately halt the Israeli actions against our brothers in Palestine and Lebanon".
  • A draft resolution for the summit stresses "firm support" for "national rights" for the Palestinian people, "foremost among which is their right to freedom".

COP29 opens with Trump climate withdrawal looming

he COP29 climate talks open Monday in Azerbaijan, under the long shadow cast by Donald Trump's re-election. Trump has pledged...
  • Fears of an imminent US departure from the landmark Paris Agreement
  • US$100 billion-a-year target to help developing nations prepare for worsening climate impacts

Portraits of pain: smuggled Palestinian art shows trauma of Gaza

Smuggled art pieces from Gaza are on display in an exhibition in Amman showcasing pain, suffering and a strong resolve...
  • The paintings document the brutality of war and massacres… carrying pain and sorrow and also a strong resolve and determination
  • The exhibition in Jordan features 79 artworks crafted from improvised materials including medicine wrappers

Saudi hosts Muslim nations to discuss war in the Middle East with Trump in the equation

Arab and Muslim leaders are gathering in Saudi capital city Riyadh to discuss Israeli war against Gaza and Lebanon in...
  • Summit in Saudi Arabia is an opportunity for Muslim leaders to show signal what they want and expect from the incoming Trump administration
  • Israeli strikes on Sunday killed dozens in Gaza and Lebanon as US deadline for Israel to improve aid delivery is on Wednesday

Arab, Muslim leaders fly to Saudi Arabia for talks on Gaza, Lebanon

Riyadh, Saudi Arabia -- Arab and Muslim leaders have begun arriving in Saudi Arabia for a summit scheduled for Monday that...
  • The Saudi foreign ministry announced the summit in late October during the first meeting of an "international alliance" pushing for a two-state solution.
  • The 57-member OIC and 22-member Arab League include countries that recognize Israel and those firmly opposed to its regional integration.

Bitcoin hits $80,000 for the first time on Trump return optimism

London, United Kingdom -- Bitcoin soared to a new record high on Sunday, as traders bet that Donald Trump's return to...
  • It has been rising since Republican candidate Trump won last Tuesday's US presidential election over sentiment that he will ease regulations on digital currencies.
  • During his first presidency Trump referred to cryptocurrencies as a scam, but has since radically changed his position, even launching his own platform for the unit.

UAE to launch DeepSeek-inspired AI models: Faisal Al Bannai

Dubai, United Arab Emirates -- The United Arab Emirates is planning to launch new artificial intelligence models inspired by China's DeepSeek,...

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Netanyahu tells Israel parliament ‘some progress’ on Gaza hostage deal, defence minister admits to killing Haniyeh

In an interview with The Wall Street Journal last week, Netanyahu said, however, said he was not going to agree...

Honda and Nissan expected to begin merger talks

Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants...

Pope again condemns ‘cruelty’ of Israeli strikes on Gaza

"And with pain I think of Gaza, of so much cruelty, of the children being machine-gunned, of the bombings of...

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Post-Assad Syria seeks peace; Erdogan pushes anti-terror agenda, US warns on Kurdish conflict

Barbara Leaf, Washington's top diplomat for the Middle East, told Syria's new leader Ahmed al-Sharaa of the "critical need to...
  • On a recent tour to the region, US Secretary of State Antony Blinken had stressed the need to prevent a resurgence of Islamic State group (IS) jihadists
  • Turkish President Recep Tayyip Erdogan, who backed Assad's opponents, has stressed reconciliation and restoration of Syria's territorial integrity and unity

UAE says will not arm Sudan paramilitary RSF: White House

Washington, United States -- The United Arab Emirates has informed the United States that it will not arm paramilitaries in Sudan's...
  • Two US lawmakers said the UAE pledged to address their concerns and that, as a result, they would drop their attempt to block $1.2 billion in arms sales.
  • The UAE has long denied arming the RSF, with which it has fought Yemen's Houthi rebels. Trump has shown a greater willingness to sell weapons to the UAE

Biden cancels $4.28 bn more in student debt before leaving office

Washington, United States -- US President Joe Biden said Friday he was canceling student loans for an additional 55,000 Americans, which...
  • The beneficiaries include teachers, nurses, service members, law enforcement officials, and other public service workers who have given back to their communities.
  • In the United States, colleges can often cost anywhere between $10,000 and $70,000 a year, leaving some graduates with crushing debt as they enter the workforce.