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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.

US contacts Syria’s HTS, Turkey reopens embassy, as Assad allies Iran and Russia face setbacks

The United States said Saturday it had made contact with Syria's victorious Hayat Tahrir al-Sham rebels, despite previously designating the...
  • US Secretary of State Blinken's comment on "direct contact" with the HTS rebels came despite the US having designated the group as terrorists
  • While Blinken and other diplomats held talks on Syria in Aqaba, Jordan, Turkey reopened its embassy in Damascus

Family-friendly ‘Astro Bot’ wins highest award at Oscars of video games

Los Angeles, United States -- Video game "Astro Bot" -- a family-friendly sci-fi adventure -- was named 2024's Game of the...
  • It has sold more than 1.5 million copies according to Sony, which owns the 65-person Japanese studio Team Asobi responsible for the mega-hit.
  • Onstage at the Peacock Theater, Team Asobi's French chief Nicolas Doucet praised the studio for designing a game that "put the user first".

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.
  • The aim is to increase production of the 787 Dreamliner to 10 every month by 2026, Boeing said.
  • In October, Boeing unveiled plans to reduce its global workforce by 10 percent over the coming months, without giving further details.

Asian markets retreat as China pledges fail to spark excitement

Asian markets fell Friday as China's latest vows to boost the beleaguered economy failed to stir much excitement, while traders...
  • Beijing began unveiling in September a raft of policies to reverse a growth slump
  • All three main indexes in New York closed in the red

G7 meeting to address Syria’s challenges following Assad’s ouster

Damascus, Syria - G7 leaders will meet virtually Friday to discuss the momentous changes underway in Syria, where the interim government...
  • Assad fled Syria after a lightning offensive spearheaded by the Islamist Hayat Tahrir al-Sham (HTS) group and its allies
  • The UN humanitarian agency OCHA said Thursday that 1.1 million people, mostly women and children, had been displaced since the rebels took over

UNRWA warns of ‘apocalyptic’ conditions as Israeli airstrikes target aid, refugee camps, kill 58

The latest bloodshed came despite growing optimism that negotiations for a ceasefire and hostage release deal might finally succeed, with...
  • The UN and aid agencies have repeatedly warned about the acute humanitarian crisis in the besieged Gaza Strip, exacerbated by the war that has persisted for over 14 months
  • Families of the 96 hostages still in Gaza since the Hamas attack that triggered the war, including 34 the Israeli military says are dead, are pressing for their release

‘A matter of pride’: Saudis rejoice as World Cup bid approved

Riyadh, Saudi Arabia -- Fireworks and drones depicting the iconic golden World Cup trophy lit up the sky in Saudi Arabia's...
  • Sports are a major component of the Vision 2030 reform agenda overseen by Crown Prince Mohammed bin Salman, which aims to diversify the economy of the world's top oil exporter.
  • Sports Minister Prince Abdulaziz bin Turki Al-Faisal said Saudi Arabia was "opening up to the world" and could help football grow globally.

54 journalists killed in 2024, a third by Israel: media group

Fifty-four journalists were killed worldwide while carrying out their work or because of their profession in 2024, a third of...
  • Israeli forces were responsible for the deaths of 16 journalists in Gaza and two in Lebanon
  • Israel admits that some have been killed in air strikes on military targets

Transition in Syria: New PM says will ‘guarantee’ rights of all religious groups

With Assad's overthrow plunging Syria into the unknown, its new rulers have sought to assure religious minorities that they will...
  • Assad fled Syria after a lightning offensive spearheaded by the Islamist Hayat Tahrir al-Sham (HTS) group and its allies, which ended five decades of rule by his clan
  • Syrians across the country and around the world erupted in celebration, after enduring a stifling era during which anyone suspected of dissent could be thrown into jail or killed

Google unveils its most advanced Artificial Intelligence model, Gemini 2.0

San Francisco, United States -- Google on Wednesday announced the launch of Gemini 2.0, its most advanced artificial intelligence model to...
  • CEO Sundar Pichai said the new model would be marking what the company calls "a new agentic era" in AI development.
  • Gemini 2.0 is initially being rolled out to developers and trusted testers, with plans for broader integration across Google's products.

Sisi discusses Middle East peace with World Jewish Congress chief

Cairo, Egypt -- Egyptian President Abdel Fattah al-Sisi told the head of the World Jewish Congress Ronald Lauder on Sunday that...

Latest News

Trump, Netanyahu to discuss Gaza ceasefire, regional stability in White House meeting

Trump has floated a controversial plan to relocate Palestinians to neighboring countries, but Egypt, Jordan, and ceasefire mediator Qatar have...

Norway nears 100% goal of all-electric cars

By comparison, the share of electric cars in Europe was just 13.6 percent in the full-year 2024, a decline for...

OPEC+ sticks to oil output plan after Trump’s price demand

In a bid to boost prices, the Organization of the Petroleum Exporting Countries (OPEC) headed by Saudi Arabia and Russian-led allies...

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‘Numb’ New Orleans grapples with horror of deadly truck attack

New Orleans, United States - The celebratory atmosphere of Bourbon Street in New Orleans, long an American byword for indulgence and...
  • A deadly truck attack on New Year's crowds in New Orleans' French Quarter left at least 15 dead, shaking the heart of the city's famed Bourbon Street
  • Residents and visitors mourn the tragedy, calling for stricter security as New Orleans faces major upcoming events like Mardi Gras and the Super Bowl

Syria Foreign Minister in Saudi Arabia, hopes the visit opens ‘new, bright page’

Last week, in an interview with Saudi-owned Al Arabiya television, Sharaa said Saudi Arabia "will certainly have a large role...
  • Syrian state media said the top delegation had come to the kingdom "at the invitation of the Saudi foreign minister", quoting a foreign ministry source.
  • Saudi Arabia severed ties with Assad's government in 2012 and backed Syrian rebels seeking to overthrow him early in the country's civil war

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...
  • The world body's 23-page report, entitled "Attacks on hospitals during the escalation of hostilities in Gaza", looked at the period from October 7, 2023 to June 30, 2024
  • The report said attacks on hospitals typically involved missile strikes on hospital buildings, the destruction of facilities, shooting of civilians, and sieges.