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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.

WikiLeaks founder Assange freed in US plea deal

Assange had been detained in the high-security Belmarsh prison in London since April 2019. He was arrested after spending seven...
  • Assange, who from 2010 published hundreds of thousands of secret US documents as head of the whistleblowing website WikiLeaks, was freed Monday from a high-security British prison
  • The judge on Wednesday sentenced him to five years and two months in prison - with credit for the same amount of time he spent behind bars in Britain

Israel PM says ‘intense’ phase of Gaza war winding down

Netanyahu said Israel would be able to "redeploy some forces to the north" on the border with Lebanon, where exchanges...
  • The right-wing premier spoke in a TV interview on Sunday as Defence Minister Yoav Gallant travelled to Washington for what Gallant called "critical" talks with Israel's top ally
  • With fears growing of full-scale war in Lebanon, Netanyahu said Israel would return its displaced citizens to their evacuated northern border communities

Dubai to build $8 bn stormwater runoff system after record floods

Dubai, UAE -- Dubai on Monday announced an $8 billion plan for a stormwater runoff system, two months after an unprecedented...
  • The rainwater drainage network announced by Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum is set to be completed by 2033 with construction to start in 2033.
  • "It will cover all areas of Dubai and will absorb more than 20 million cubic meters of water per day," Sheikh Mohammed said of the plan for Dubai.

UAE energy giant ADNOC offers $12.8bn for Germany’s Covestro

Covestro's shares surged more than six percent in Frankfurt following the announcement, which comes after it first disclosed talks were...
  • It said the "starting point" for talks was a "possible offer price" of 62 euros per share from ADNOC. This would value Covestro at $12.57 billion.
  • ADNOC welcomed Covestro's decision to start talks on its "final offer", adding that it looked forward to working with the German group to "swiftly progress" the matter.

Apple holds talks with rival Meta

The company to integrate Meta's generative AI into its products.

Lebanon Transport minister denies Hezbollah weapons at Beirut Airport

Lebanon's transport minister denied on Sunday that Hezbollah was storing weapons at Beirut airport, as fears grow of all-out war...
  • Hamieh invited ambassadors and journalists to inspect the airport on Monday morning
  • Cross-border exchanges between Hezbollah and Israel have escalated over the past two weeks

Beyond Nvidia: the search for AI’s next breakthrough

Toronto, Canada -- For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but...
  • Nvidia, which makes the processors that are the only option to train generative AI's large language models, is now Big Tech's newest member.
  • Even tech's second rung on Wall Street has ridden on Nvidia's coattails with Oracle, Broadcom, HP and others seeing their stock valuations surge, despite sometimes shaky earnings.

Israeli forces tie wounded Palestinian to jeep in West Bank raid

Jenin, Palestinian Territories -- Israeli troops tied a wounded Palestinian to a military vehicle during a raid in the occupied West...
  • Medics identified the Palestinian as Mujahid Raed Abbadi, 24, who told AFP he lives in the Jenin refugee camp.
  • Francesca Albanese, the UN special rapporteur on the rights situation in the Palestinian territories, suggested the troops were using Abbadi to shield themselves from gunfire.

Egypt to prosecute travel agents over hajj ‘fraud’: government

Cairo, Egypt - Egyptian Prime Minister Mostafa Madbouly ordered 16 tourism companies stripped of their licences and referred their managers to...
  • The order came after countries whose citizens performed this year's hajj reported more than 1,100 deaths, many attributed to the oven-like summer heat in Saudi Arabia
  • An AFP tally on Friday, compiling official statements and reports from diplomats involved in the response, put the toll at 1,126, more than half of them from Egypt

Gaza health officials say 24 killed in Israeli strikes

Gaza civil defence agency spokesman Mahmud Basal told AFP that at least 20 were killed in a strike on a...
  • The Gaza City strikes added to at least 120 deaths over the previous 48 hours which the health ministry in Hamas-run Gaza reported earlier Saturday
  • Exchanges of fire across the Lebanese border between Israel and the powerful Iran-backed group Hezbollah have also escalated, raising fears of wider war

Syria authorities say armed groups have agreed to disband

Syria's new leaders announced Tuesday that they had reached an agreement with the country's rebel groups on their dissolution and...

Latest News

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...

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

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...

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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".