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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 strikes southern Gaza after ordering evacuations

Other parts of the Gaza Strip were reeling from continued fighting nearly nine months into the devastating conflict. Witnesses and...
  • Witnesses reported multiple strikes in and around the city of Khan Yunis, where eight people were killed and more than 30 were wounded
  • The bombardment came after a rare rocket barrage claimed by the group Islamic Jihad, which has fought alongside Hamas

UAE in top 10 global trending destinations: Travel Trends 2024

Dubai, UAE -- The Mastercard Economics Institute has revealed in its latest Travel Trends 2024 report a major shift in the...
  • For UAE travelers, the top three trending destinations for this summer are London, Athens and Paris.
  • Globally, Japan tops the trending destinations list for the past year with Munich ranking as the top trending destination for this summer (June-August 2024).

Israel issues new Gaza evacuation orders, many Palestinians flee

Hundreds of thousands had already left Rafah ahead of and during a ground offensive launched by Israeli troops on the...
  • The attack was claimed by the armed wing of the Palestinian group Islamic Jihad. Israel had already staged air strikes in Rafah on Monday.
  • "Fear and extreme anxiety have gripped people after the evacuation order," said Bani Suhaila resident Ahmad Najjar. "There is a large displacement of residents."

Gaza hospital chief says tortured in Israel detention

Israel's military has accused Hamas of using hospitals in the Gaza Strip as a cover for military operations. It has...
  • Al-Shifa hospital director Mohammed Abu Salmiya was among dozens of Palestinians released and returned to Gaza for treatment
  • Abu Salmiya said he and other prisoners were put through "severe torture" in Israeli prisons

Boeing offered 737 MAX plea deal, lawyer of crash victims’ families says

Washington, United States - The US Justice Department is offering Boeing a plea deal that will allow it to avoid a...
  • In May, the DOJ concluded that Boeing could be prosecuted for violating a previous DPA reached following the two fatal 737 MAX crashes in 2018 and 2019
  • Under that three-year deal, Boeing agreed to pay $2.5 billion to settle fraud charges related to the certification of the 737 MAX

Fighting rages in Gaza City’s Shujaiya for fourth day

A Hamas official in Lebanon, Osama Hamdan, confirmed that the Islamist movement had received the latest proposal but said it...
  • Months of on-and-off talks towards a Gaza truce and hostage release deal have meanwhile made little progress
  • Hamas said Saturday that there was "nothing new" in a revised plan presented by US mediators

Short fuses in Egypt as blackouts stretch into sweltering summer

Cairo, Egypt -- At least once a day, the hum of every fan, air conditioner and fridge across Egypt goes quiet....
  • A decade ago, Egypt faced similar power cuts, which helped fuel popular discontent and protests against the short-lived presidency of late Mohamed Morsi.
  • The present-day blackouts come as Egyptians face the worst economic crisis of their lives, with inflation and currency devaluations shredding savings and leaving families strugglin

Israel carrier says Turkish workers refused to refuel plane

Jerusalem, Undefined -- Israel's national carrier El Al said Sunday its Warsaw to Tel Aviv flight was not allowed to refuel...
  • The plane then took off to Rhodes in Greece where "it will refuel before taking off to Israel", the airline said.
  • Relations between Turkey and Israel have deteriorated since the war in Gaza broke out on October 7, with all direct flights between the two countries cancelled since.

China factory activity contracts for second straight month

Beijing, China - Factory activity in China shrank for a second straight month in June, data showed Sunday, underscoring the country's...
  • The manufacturing purchasing managers' index (PMI) registered at 49.5 in June, identical to May's figure, according to the National Bureau of Statistics
  • Policymakers are due to convene in the capital Beijing in mid-July for a highly anticipated political gathering expected to focus on economic recovery

Hamas official says ‘nothing new’ in US Gaza proposals

Hamas insists on a permanent ceasefire and a complete withdrawal of Israeli forces from the Gaza Strip. Hamdan said the...
  • A plan presented last month by President Biden, which he said was proposed by Israel, included a six-week truce accompanied by an Israeli withdrawal from densely populated areas
  • Israeli Prime Minister Benjamin Netanyahu has said he will continue the war until Hamas is totally defeated and all hostages are freed

Pakistan air strikes kill 46 in Afghanistan: Taliban spokesman

Kabul, Afghanistan - Pakistan air strikes in an eastern border province of Afghanistan killed 46 people, the Taliban government spokesman told...

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Lebanon economic losses top $5 billion in year of clashes: World Bank

Beirut, Lebanon -- More than a year of clashes that recently escalated into war have cost Lebanon more than $5 billion...

HRW accuses Israel of ‘war crime’ with ‘forcible transfer’ in Gaza

Human Rights Watch said in a report released Thursday that Israel's repeated evacuation orders in Gaza amount to the "war...

Nations far apart in COP29 climate finance talks

According to the latest draft of the long-sought climate finance pact, most developing countries favor an annual commitment from wealthy...

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Saudi Arabia appoints new CEO to drive NEOM’s mega-city project forward

In a big move, Saudi Arabia appoints Aiman al-Mudaifer as NEOM’s interim CEO, a strategic choice to advance the futuristic...
  • The company said that Mudaifer brought with him a "deep and strategic understanding of NEOM" after serving as head of a property arm of the Saudi sovereign wealth fund since 2018
  • NEOM is a planned futuristic megacity in northwestern Saudi Arabia meant to feature a ski resort and twin skyscrapers 170 kilometres (105 miles) long

Lebanon says 11 killed in Israel strikes across the country

Lebanon said Israeli strikes killed 11 people across the country Tuesday
  • "The Israeli enemy strike on Baalshmay killed five people," the health ministry said
  • Israeli strikes outside Hezbollah strongholds have often targeted buildings where displaced civilians have sought refuge

Saudi-hosted summit says Mideast peace requires end to Israeli occupation

The summit's closing statement said that "a just and comprehensive peace in the region... cannot be achieved without ending the...
  • The international community should "launch a plan with specific steps and timing under international sponsorship" to make a sovereign Palestinian state a reality, it added.
  • The leaders also condemned "horrific and shocking crimes" by Israel's army, saying they occurred "in the context of the crime of genocide".