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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.

Israel to send negotiators to new Gaza truce talks in Qatar

The head of Israel's Mossad spy agency, David Barnea, will head to Qatari capital Doha on Sunday, the Israeli prime...
  • US Secretary of State Antony Blinken said that mediators would explore new options after the failure of previous efforts to seal a ceasefire and hostage release deal.
  • The US and Qatar were seeking a plan "so that Israel can withdraw, so that Hamas cannot reconstitute, and so that the Palestinian people can rebuild their lives.

Beirut’s suburbs ravaged by Israeli air raids as Blinken urges de-escalation with Iran

Israeli airstrikes on Hezbollah's southern Beirut stronghold destroyed six buildings in the deadliest assault since the war began, despite U.S....
  • In southern Lebanon, Israeli strikes pounded Tyre, leaving swathes of its centre in ruins and sparking a new exodus from the once vibrant coastal city
  • Concerns are mounting over tens of thousands of civilians trapped by fighting in Gaza's aid-starved north, where Israel launched a major air and ground assault this month

Troubled Boeing faces investors and awaits strike vote

Boeing, the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking...
  • Analysts estimate a loss of US$6.1 billion, its biggest since the fourth quarter of 2020
  • On October 15, Boeing announced it plans to raise up to US$25 billion to navigate the period

Updates: Israel confirms killing of Hezbollah leader’s successor as Blinken presses for Gaza truce

US Secretary of State Antony Blinken urged Israel to reach a ceasefire in Gaza, while Israeli airstrikes continued targeting Hezbollah's...
  • A member of Hezbollah's decision-making body and a distant relative of Nasrallah, Safieddine was out of contact since Israeli strikes on Beirut weeks ago,
  • Grey-bearded and bespectacled, Safieddine bore a striking resemblance to his distant cousin Nasrallah, but was several years his junior, aged in his late 50s or early 60s

IMF predicts slightly slower global growth in 2024 and 2025

In its new World Economic Outlook (WEO) report, the International Monetary Fund also estimates that global inflation will continue to...
  • "In our baseline analysis, in advanced economies (inflation) will be back at central bank targets in 2025," he said.
  • The IMF expects growth in the Middle East and Central Asia to pick up slightly to 2.4% in 2024, before jumping to 3.9% in 2025 as the effect of oil and shipping disruptions fades.

Is Musk’s million-dollar US voter lottery legal?

Donald Trump surrogate Elon Musk's offer of a million dollars to one registered voter in a swing state every day...
  • "I think it's something that law enforcement should look at."- Democratic Governor of Pennsylvania
  • Musk defends his move by saying it is a simple get-out-and-vote effort

Wealthy Israelis offer rewards for release of Gaza hostages

Jerusalem, Undefined - Frustrated with the dwindling prospect of reaching a ceasefire deal in the year-long Gaza war, some Israeli entrepreneurs...
  • Former SodaStream CEO Daniel Birnbaum said he received about 100 calls after offering $100,000 in cash or bitcoin for the safe delivery of a living Israeli prisoner from Gaza
  • Birnbaum said most of the calls are pranks, threats or curses, but "10 to 20 could be legitimate" and were transferred to Israeli authorities for further verification

Microsoft unveils autonomous AI agents for business tasks

San Francisco, United States - Microsoft on Monday said it was enhancing its AI offerings with new autonomous agent capabilities as...
  • AI agents are specialized programs designed to perform routine tasks autonomously, such as sifting through sales leads or handling customer service inquiries
  • The AI agent has become the newest buzzword for major software companies that are investing billions in powerful AI models, which they believe will shape the future of computing

Updates: Israel hits more targets in Lebanon as Blinken travels to Middle East to push for truce

Lebanon says four people were killed including a child in the latest Israeli strikes as Tehran says the United States...
  • Four people including a child had been killed on Monday evening in Israeli strikes near the Lebanon's biggest public hospital
  • Bahrain's King Hamad bin Isa Al Khalifa discuss bilateral cooperation with Iranian Foreign Minister Abbas Araghchi in Manama

In escalation, Israel bombs Hezbollah-linked finance group

-Israel began bombing Lebanese branches of an association accused of financing the Iran-backed Hezbollah movement, Lebanese state media reported late...
  • 11 Israeli strikes on Beirut's southern suburbs targeted Al-Qard Al-Hassan.centers
  • UNIFIL, said an Israeli "army bulldozer deliberately demolished an observation tower and perimeter fence of a UN position

Trump warns ‘all hell’ will break loose if Gaza hostages not returned after Hamas delays exchanges

The January 19 truce halted 15 months of Gaza fighting, freeing Israeli hostages in exchange for Palestinian prisoners, but tensions...

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Jolani vows to disband rebel factions, integrate fighters into Syria’s Defence Ministry for unity

Jolani emphasized unity in Syria, advocating a social contract among religions for justice, while urging diplomats to lift sanctions to...

US stocks mostly rise ahead of expected rate cut, bitcoin hits new record

The Fed is widely expected to cut its key lending rate for a third straight time, reducing it by a...

Nations step up outreach to Syria’s post-Assad rulers

Governments worldwide are stepping up efforts to engage with Syria's new interim rulers, just over a week after Islamist-led rebels...

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Key Libya oil refinery halts operations after clashes: state firm

Tripoli, Libya -- A key oil refinery in western Libya suspended operations after armed clashes erupted early on Sunday, causing fires...
  • The Zawiya refinery, built in 1974, is Libya's second largest with a refining capacity of more than 120,000 barrels per day (bpd).
  • It is the only refinery supplying the local market with fuel products. Zawiya city is the third largest in Libya's Tripolitania region, after the capital and Misrata.

US Federal Reserve expected to cut rates in last meeting of Biden era

Washington, United States -- The US Federal Reserve is widely expected to announce a quarter point cut to its key lending...
  • The Fed is also tipped to signal a slower path of cuts going forward amid uncertainty over the impact of President-elect Donald Trump's economic proposals.
  • Trump has vowed to tackle the high cost of living, a top concern of voters who sent him back to the White House in November's election.

US contacts Syria’s HTS, Turkey reopens embassy, as Assad allies Iran and Russia face setbacks

The United States said Saturday it had made contact with Syria's victorious Hayat Tahrir al-Sham rebels, despite previously designating the...
  • US Secretary of State Blinken's comment on "direct contact" with the HTS rebels came despite the US having designated the group as terrorists
  • While Blinken and other diplomats held talks on Syria in Aqaba, Jordan, Turkey reopened its embassy in Damascus