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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 bombs Gaza after US criticizes high civilian toll

The health ministry said a strike on a fuel station in Al-Mawasi in southern Gaza killed 17 people, and the...
  • US Secretary of State Antony Blinken earlier conveyed Washington's "serious concern" to two senior Israeli officials regarding deadly Israeli strikes in Gaza, his spokesman said
  • Hamas political leader Ismail Haniyeh said Sunday the group was pulling out of indirect talks for a deal in protest at Israeli "massacres."

IMF maintains 2024 global growth forecast, warns of inflation risk

The International Monetary Fund expects the world economy to grow 3.2 percent this year, unchanged from its April forecast, according...
  • But even as many countries saw better growth than anticipated early this year, the IMF flagged surprises in Japan and the United States.
  • The IMF's report warned that a resurgence of tariffs can trigger retaliation and a "costly race to the bottom."

Hamas and Palestinian rivals Fatah to meet in Beijing: officials

Several reconciliation bids have failed, but calls have grown since the Hamas October 7 attacks on Israel set off the...
  • The Hamas delegation is to be headed by its Qatar-based political chief Ismail Haniyeh, while the Fatah representation will be led by deputy head Mahmud Alul, Fatah sources said
  • The two groups have been bitter rivals since Hamas fighters ejected Fatah from the Gaza Strip after deadly clashes that followed Hamas's resounding victory in a 2006 election

Al-Hada and Muhammadya Al-Shafa in Taif: A tapestry of tourism, nature

Taif, Saudi Arabia - Taif and its serene towering mountains, nestled deep within the majestic Sarawat Mountains, serve as a...
  • The paved roads of Al-Hada and Al-Shafa mountains, such as Akabat Al-Kar and Akabat Al-Muhammadya, provide easy access to biodiversity
  • Visitors can spend their days under the shade of abundant juniper trees and beside cool freshwater streams, allowing them to appreciate Taif's unique and pristine natural diversity

European Union imposes fresh sanctions on ‘extremist’ Israeli settlers

Brussels, Belgium -- The European Union on Monday announced sanctions on five Israelis -- including those termed "extremist settlers" -- and...
  • The asset freezes and visa bans are the second round of sanctions from the 27-nation bloc targeting violent Israeli settlers, taking the total number of listings to 14.
  • Prominent settlers blacklisted by the European Union included Moshe Sharvit, Zvi Bar Yosef, Baruch Marzel, and Isaschar Manne.

Hamas says pulling out of Gaza truce talks, as Israel keeps up strikes

A Hamas official said Sunday that the Palestinian group was withdrawing from Gaza truce talks, as Israeli bombardments hit a...
  • On Sunday, Israeli forces struck a UN-run school in the central Nuseirat refugee camp
  • Four previous strikes on schools turned shelters since July 6 killed a total of at least 49 people

Biden tells Americans to ‘cool it down’ after Trump assassination bid

As the country reeled from images of a bloodied Trump waving his fist after the gunman opened fire at a...
  • Biden also mentioned the January 6, 2021, Capitol attack by pro-Trump supporters as proof that the situation is getting out of hand
  • Just before Biden's speech, Trump landed in Milwaukee for the Republican National Convention, during which he will formally be anointed the party's nominee

Donald Trump wounded at rally shooting, Biden leads condemnation

US President Joe Biden led the condemnation after his election rival Donald Trump was wounded in an apparent assassination attempt...
  • Political leaders on both sides of the aisle slammed the attack minutes after the Republican candidate was rushed off stage by the Secret Service with blood running down his face
  • "The idea that there's political violence, or violence in America like this, is just unheard of. It's just not appropriate. Everybody, everybody must condemn it," Biden said

Battles rock Gaza City after mass evacuation order

US President Joe Biden said that US diplomats were making "progress" with international mediators towards a ceasefire and stressed that...
  • A major focus of recent battles and mass displacement has been the biggest urban area, Gaza City
  • Israel's military said it was also fighting in the Rafah area

Riyadh’s “Global Sports Tower” designs approved

Led by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the initiative's purpose is to elevate the...
  • Standing at 130 meters, the tower will feature over 30 sports facilities
  • Designed with a blend of traditional and modern Salmani architecture, it promises to be a distinctive addition to Riyadh's skyline

Syrian war monitor says 17 dead in clashes in Tartus province

17 people were killed Wednesday in clashes in Tartus province after security forces sought to arrest an officer under deposed...

Latest News

Hamas negotiators ‘not in Doha’ but political office not closed: Qatar

Qatar, along with the United States and Egypt, had led months of fruitless negotiations for a truce in the Gaza...

US envoy in Beirut says ‘real opportunity’ to end Israel-Hezbollah war

US special envoy said he was in Beirut because he saw "real opportunity" to end the Israel-Hezbollah war

Iran slams new EU, UK sanctions as unjustified: foreign ministry

ran's foreign ministry Tuesday slammed as unjustified the new sanctions by the European Union and Britain against Tehran over its...

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UN climate chief at deadlocked COP29: ‘Cut the theatrics’

As the UN climate talks limp into a second week in Azerbaijan, the world is no closer to a finance...
  • Nations have until Friday to break the impasse over how to raise $1 trillion a year for developing countries to cope with global warming.
  • Climate-vulnerable countries want developed nations to commit to substantially raising their existing pledge of $100 billion a year.

G20 leaders to grapple with climate, taxes, Trump comeback

G20 leaders gather in Brazil on Monday to discuss fighting poverty, boosting climate financing and other multilateral initiatives that could...
  • The main star of the show is expected to be Chinese President Xi Jinping
  • Wars in Ukraine and the Middle East would be kept off the summit agenda to focus on the poor.

Egypt’s middle class cuts costs as IMF-backed reforms take hold

Cairo, Egypt -- Egypt's economy has been in crisis for years, but as the latest round of International Monetary Fund-backed reforms...
  • The world lender has long backed measures in Egypt including a liberal currency exchange market and weaning the public away from subsidies.
  • Foreign debt quadrupled since 2015 to register $160.6 billion in the first quarter of 2024. Much of the debt is the result of financing for large-scale projects.