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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.

Aramco Digital, Groq to build world’s largest AI inferencing data center

Riyadh, Saudi Arabia -- Aramco Digital Company and Groq, a leader in artificial-intelligence (AI) inference, have announced their partnership to...
  • The announcement was made on the sidelines of the Global AI Summit (GAIN Summit), which concluded in Riyadh on Thursday.
  • The facility will process 5.28 million tokens per second by the end of 2024 and 53 tokens per second by 2025.

Raided West Bank city holds funerals after Israeli army withdraws

On Friday morning, hundreds of people walked through the streets of Tubas alongside the four bodies hoisted on stretchers and...
  • The Israeli military said that its forces were engaged in a "counter-terrorism operation" in the area of Tubas
  • The official Palestinian news agency Wafa said the military withdrew Thursday evening

Microsoft cutting more jobs from its gaming unit amid industry layoffs

San Francisco, United States- Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its...
  • No games or devices are being cancelled, nor are any studios being closed as part of the "adjustments" made at Microsoft's gaming unit on Thursday, according to Spencer
  • Layoffs have become common in the video game industry, with Sony PlayStation early this year announcing it was laying off eight percent of its global workforce

US releases $1.3 billion in military aid to Egypt

The United States, Egypt and Qatar are parties to the negotiations for the release of the hostages held by Hamas...
  • Last year, the United States had made the release of part of this annual aid conditional on progress being made on respecting human rights in Egypt
  • This year, however, the State Department said Egypt had made "progress" in certain areas of human rights, and mentioned Cairo's help in mediating between Israel and Hamas

EU’s top diplomat urges de-escalation at Lebanon-Israel border

As war has raged in the Gaza Strip following Hamas's October 7 attack on Israel, Lebanon's Hezbollah has traded near-daily...
  • "We need to de-escalate military tensions," Borrell told
  • "We have to continue pushing for a comprehensive peace in the region," he said

UN chief says six colleagues killed in Israel strike on Gaza school

United Nations Secretary-General Antonio Guterres said late Wednesday that Israeli air strikes on a school-turned-shelter in Gaza killed six staffers...
  • UNRWA called it the highest death toll among its staff in a single incident
  • Rescuers said the strike killed 18 people, including UN staffers

Rightmove rejects £5.6bn Murdoch bid

The property website said the bid was undervalued.
  • REA made public its interest in Rightmove on September 2, noting "clear similarities" between the pair "in terms of their leading market positions in the core residential business"
  • Sector-watchers said REA could be attracted by the prospect of more interest-rate cuts in Britain which would lower mortgage costs for buyers.

Israel strike on Lebanon kills Hezbollah commander

Mohammad Qassem al-Shaer, "a field commander" in the group's elite Radwan Force, "was targeted in an Israeli strike on a...
  • Hezbollah earlier announced Shaer had been killed by Israeli fire, but did not refer to him as a commander
  • The Israeli military said its air force had "eliminated the terrorist Mohammad Qassem al-Shaer" in the Bekaa Valley

Oil tanker ablaze off Yemen threatens environmental disaster

An abandoned tanker carrying more than one million barrels of crude oil could contaminate vast areas of the Red Sea...
  • Threatening an oil spill four times the size of the 1989 Exxon Valdez disaster off Alaska
  • An attempt by private companies to tow away the burning ship was abandoned because it was "not safe"

Apple unveils new iPhone built for AI, looks to boost sales

Cupertino, United States - Apple on Monday unveiled new iPhones built for generative artificial intelligence as it seeks to boost sales...
  • The tech giant has a lot riding on the new iPhone 16 and hopes that customers are enticed to buy the latest models, attracted by new AI powers
  • The features are similar to tools recently released by Meta, Microsoft and Google, which can produce well-crafted content simply by querying in everyday language

UN: Israel’s strikes on Gaza hospitals may constitute war crimes, urges independent probe

The UN's 23-page report, "Attacks on Hospitals During the Escalation of Hostilities in Gaza," documented 136 strikes on 27 hospitals...

Latest News

Non-oil sectors drive robust growth in GCC countries, says World Bank report

While developing countries paid a record US$1.4 trillion to service debts, the non-oil sectors in the GCC countries are fueling...

Lebanon says nine killed in Israeli strikes on southern villages

Many strikes on villages in southern Lebanon on Monday, after Israel said it was taking aim at dozens of Hezbollah...

QatarEnergy inks gas supply deal for China with Shell

Doha, Qatar - Qatar has agreed to supply three million tonnes of gas a year to China in a deal...

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Macron to hold talks with Crown Prince Salman on Saudi visit

Macron is beginning the first state visit by a French president to Saudi Arabia since Jacques Chirac in 2006, cementing...
  • Macron's three-day stay also coincides with a flare-up of violence in Syria, where anti-government rebels have seized Aleppo, the second largest city.
  • The fighting in Syria comes after France helped to broker a fragile ceasefire in neighboring Lebanon, where Israel has been fighting Iran proxy Hezbollah.

Desertification talks open in Saudi Arabia as experts fire warning

UN talks aimed at halting the degradation and desertification of vast swathes of land start in Saudi Arabia. Forest loss...
  • 3.7 billion acres must be restored by decade's end to combat crises
  • Forest loss and degraded soils were reducing resilience to climate change and biodiversity loss

Plastic pollution talks South Korea fail to reach landmark deal

Busan, South Korea - Deeply divided negotiators failed on Sunday to reach a landmark global treaty to curb plastic pollution, missing...
  • For a week, delegates from nearly 200 nations meeting in South Korea have wrestled with how to stop millions of tonnes of plastic waste entering the environment each year
  • Plastic pollution is so ubiquitous that microplastics have been found on the highest mountain peak, in the deepest ocean and throughout almost every part of the human body