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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.

UAE says will not arm Sudan paramilitary RSF: White House

Washington, United States -- The United Arab Emirates has informed the United States that it will not arm paramilitaries in Sudan's...

Spain, Ireland and Norway recognize Palestinian state

The plans were unveiled last week in a coordinated announcement by their prime ministers, with formal recognition to take place...
  • The three European countries believe their initiative has strong symbolic impact, which will likely encourage others to follow suit
  • "Recognising the state of Palestine is about justice for the Palestinian people," Spanish Foreign Minister Jose Manuel Albares said on Monday in Brussels

Saudi PIF launches Neo Space Group to boost space industry

Riyadh, Saudi Arabia -- Saudi Arabia's Public Investment Fund (PIF)on Monday launched the Neo Space Group to work on the kingdom's...
  • The Neo Space Group or NSG is the "PIF's first investment focused on the space industry", the sovereign wealth fund said in a statement.
  • It "aims to develop and enhance commercial space operations in Saudi Arabia, providing innovative satellite and space solutions locally and globally", the PIF said.

Israel faces global outcry over Gaza strike that set ablaze tent city

The UN called on Israel to conduct a "thorough and transparent" investigation into the Rafah strike, as the Israeli military...
  • Across the region, the Israeli attack sparked strong protests from mediators Egypt and Qatar as well as from Jordan, Kuwait, Saudi Arabia and Turkey.
  • Turkish President Recep Tayyip Erdogan said "we will do everything possible to hold these barbarians and murderers accountable".

Hamas armed wing says fired ‘large rocket barrage’ at Tel Aviv

Rocket sirens blared in Tel Aviv for the first time in months, with an AFP correspondent reported hearing at least...
  • The Ezzedine al-Qassam Brigades said in a post on Telegram that they had targeted Tel Aviv "with a large rocket barrage in response to the Zionist (Israeli) massacres against civil
  • Israel's army said at least eight rockets were fired towards central areas of the country from Rafah, where its forces have been battling Palestinian fighters

EU hosts talks to strengthen Palestinian Authority for Gaza

A "strong" Palestinian Authority is needed to bring peace in the Middle East, EU foreign policy chief Josep Borrell said...
  • They also came just before Norway -- which was hosting the Brussels meeting -- was on Tuesday is to recognize the State of Palestine, along with Spain and Ireland.
  • Mustafa said Sunday's meeting was "a very important opportunity" for the Palestinian Authority to outline its priorities and plans.

Hamas claims to have taken Israeli soldier ‘prisoner’

The armed wing of Hamas said it had taken "prisoner" at least one Israeli soldier in an ambush on Saturday....
  • Hamas also broadcast images of a soldier being dragged along the ground, presenting the soldier as a captured Israeli
  • In a statement on Telegram, the Israeli army said it "clarifies that there is no incident in which a soldier was abducted".

Musk plans largest-ever supercomputer for xAI startup: report

Washington, United States - Billionaire tech mogul Elon Musk has told investors he plans to build a supercomputer dubbed "gigafactory of...
  • Musk wants the supercomputer - which will string together 100,000 Nvidia chips - operational by fall 2025, and "will hold himself personally responsible for delivering it on time,"
  • The planned supercomputer would be "at least four times the size of the biggest GPU clusters that exist today," such as those used by Meta to train its AI models

Tunisian Jewish pilgrimage sees low turnout amid security fears

Djerba, Tunisia - Only a dozen pilgrims turned up Friday at this year's Jewish pilgrimage on Tunisia's island of Djerba...
  • The pilgrimage to the Ghriba synagogue, Africa's oldest, usually draws thousands of pilgrims from Europe, Israel and beyond, attracting international and local tourists as well
  • But on the first day of the pilgrimage event this year, only about a dozen worshippers were present - almost none of them foreigners

Modi’s struggling rivals to vote as India election resumes

New Delhi, India - India's six-week election resumes Saturday, with top rivals of Prime Minister Narendra Modi due to vote in...
  • Modi, 73, remains roundly popular after a decade in office and his ruling Bharatiya Janata Party (BJP) is widely expected to win a third term next month
  • His prospects have been further bolstered by several criminal investigations into his opponents, sparking concerns from UN rights chief Volker Turk

International Court of Justice orders Israel to halt Rafah offensive

The International Court of Justice also demanded the immediate release of all hostages still held by Palestinian militants, hours after...
  • "The court finds it deeply troubling that many of these hostages remain in captivity and reiterates its call for their immediate and unconditional release," it said.
  • Hamas gave a qualified welcome to the ruling, regretting only that it applied solely to Rafah and not the whole Gaza Strip.

UAE says will not arm Sudan paramilitary RSF: White House

Washington, United States -- The United Arab Emirates has informed the United States that it will not arm paramilitaries in Sudan's...

Latest News

Eight OPEC+ members extend oil supply cuts until year end

Supply cuts seek boosting oil prices amid uncertain demand and accelerating supply, with an eye on the imminent US presidential...

Israel escalates strikes in Lebanon, Gaza as Netanyahu visits Northern Border, and Hezbollah claims missile attack

Israel intensifies airstrikes across Lebanon and Gaza, escalating cross-border violence as Netanyahu urges troops to push Hezbollah back and prevent...

B-52 bombers arrive in Middle East: US military

Washington, United States -- American B-52 bombers have arrived in the Middle East, the US military said Saturday, a day after...

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Lebanon accuses Israel of truce rejection after deadly Beirut strikes and growing Gaza crisis

A US-brokered plan reportedly under consideration would see Hezbollah pull back 30 kilometres (20 miles) from the border, north of...
  • The strikes on Lebanon came a day after Israeli Prime Minister Benjamin Netanyahu met US officials to discuss a possible deal to end the war against Hezbollah
  • In Gaza, where Israel has been engaged in a major offensive in the north for nearly a month, a Hamas official said the Palestinian group had rejected short-term truce

Israel, US envoys discuss possible ceasefire amid rising casualties in Lebanon conflict

With US mediation, a ceasefire proposal emerges for both Gaza and Lebanon, balancing Israel's security demands and Lebanon’s need for...
  • Netanyahu told Washington envoys Amos Hochstein and Brett McGurk that any Lebanon deal must guarantee Israel's longer term security
  • More than a month into its war with Israel, Hezbollah says it is ready for a truce, but there are limits to what it can accept after suffering devastating attacks

Saudi, US FM says could move ‘quite quickly’ on some deals with US

Since last year Saudi Arabia has been bargaining hard for a defense pact with the United States as well as...
  • Crown Prince Mohammed bin Salman last month ruled out recognizing Israel without the establishment of a Palestinian state.
  • Foreign Minister Prince Faisal bin Farhan reiterated that normalization was "off the table until we have a resolution to Palestinian statehood".