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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.

Israeli strikes target eastern Lebanon: source close to Hizbollah

Israel and Hizbollah have exchanged near-daily cross-border fire since the Palestinian group Hamas carried out an unprecedented attack on southern...
  • Israeli strikes targeted two areas in the Bekaa Valley, Janta and Sifri, the source told AFP in the Baalbek region in Lebanon's east
  • Janta is an arid, mountainous region close to the border with Syria, while Sifri is in the centre of the Bekaa Valley

US, Russian, Belarusian astronauts return to earth after 14 days in space

Moscow, Russia - A NASA astronaut, a Russian cosmonaut and Belarus's first ever space traveler on Saturday returned to Earth safely...
  • "Today, at 10:17am Moscow time (0717 GMT), the descent vehicle of Sozuz MS-24 manned spacecraft landed near the Kazakh city of Jezkazgan," Roscosmos reported.
  • The spacecraft took off from the Baikonur space port in Kazakhstan on March 23 after a two-day delay following a hitch in pre-launch preparations.

Seven children killed in Syria’s as explosive device goes off

Damascus, Syria - Seven children were killed in southern Syria's Daraa province on Saturday when an "explosive device" detonated, state media...
  • The Britain-based monitor said militias were accused of planting the device in order to target an unidentified person in the area.
  • Syria's war, which escalated into a deadly conflict that pulled in gunmen and foreign armies, has killed more than 507,000 people.

UN agency chief laments Gaza war as ‘betrayal of humanity’

United Nations - Israel's war against Hamas in Gaza has escalated into a "betrayal of humanity", the United Nations' humanitarian...
  • UN humanitarian chief Martin Griffiths called for a "collective determination that there be a reckoning for this betrayal of humanity".
  • "Each day, this war claims more civilian victims," said Griffiths, who will leave his post at the end of June due to health reasons.

Hamas to stick on truce conditions amid renewed Cairo talks

"The demands ... are complete ceasefire, withdrawal of the occupation forces from Gaza, the return of the displaced to their...
  • "Hamas confirms its adherence to the position it presented on March 14 ... and we will not back down from this position," it said in a statement.
  • Negotiators were expected in Cairo over the weekend for a renewed push to strike a ceasefire and hostage exchange deal.

Iran vows to make enemy ‘regret’ killing of revolutionary guards

Tehran, Iran - Iran on Saturday again threatened retaliation for the deaths of seven Revolutionary Guards in a strike on Damascus,...
  • Tehran has vowed to avenge Monday's air strike on the Syrian capital it blamed on its arch-enemy Israel, which has not commented.
  • The attack levelled the Iranian embassy's consular annex in Damascus, killing seven Islamic Revolutionary Guards Corps (IRGC) members.

Israeli information on aid worker death ‘not sufficient,’ says Australia

US-based World Central Kitchen -- founded by Spanish-American celebrity chef Jose Andres -- said a "targeted attack" by Israeli forces...
  • The aid group which were killed Gaza included 43-year-old Australian national Lalzawmi "Zomi" Frankcom, as well as British, Palestinian, Polish and US-Canadian employees
  • "Australia had made clear that we have not yet received sufficient information to satisfy our expectations" about Frankcom's death, the Foreign Minister Penny Wong said

Tesla to unveil robotaxi in August

Its shares rose more than three percent in after-market trades.
  • Tesla models with Full Self-Driving "will be superhuman to such a degree that it will seem strange in the future that humans drove cars," Elon Musk wrote in his post on X
  • Musk has also said that owners of Tesla vehicles with FSD will be able to have their cars serve as robotaxis, rather than remain idly parked

Meta to label AI-generated content

It seeks to reassure users over the risks of deepfakes.
  • The company said it will no longer remove manipulated images and audio that don't otherwise break its rules
  • The changes come as a response to criticism from the tech giant's oversight board, which reviews Meta's content

Biden exhorts Egypt, Qatar to press Hamas on hostage deal

US, Egypt and Qatar have been engaged in weeks of behind-the-scenes talks in a bid to secure a temporary truce...
  • Biden has written letters to the leaders of Egypt and Qatar on the state of the talks
  • His call with Netanyahu included discussions on "getting a hostage deal done"

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

Latest News

Netanyahu rejects ceasefire’ in Lebanon, Hezbollah threatens to expand the scope of its missile strikes across Israel

In a call with French President Emmanuel Macron, Netanyahu said he was "opposed to a unilateral ceasefire, which does not...

Netanyahu assures Biden, Iran counterstrike will only target military sites as war spreads to Lebanon and Gaza

US officials, citing Netanyahu’s pledge, reported relief in Washington as Israel’s counterstrike on Iran will not target oil or nuclear...

Israel strikes Lebanon after Netanyahu vows no mercy for Hezbollah

srael's military launched strikes Tuesday on eastern Lebanon, as Hezbollah fought Israeli soldiers after Prime Minister Benjamin Netanyahu vowed no...

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Trio wins economics Nobel for insights into income inequality

By examining the various political and economic systems introduced by European colonizers, the three have demonstrated a relationship between societal...
  • Daron Acemoglu, 57, and Simon Johnson, 61, are professors at (MIT). James Robinson, 64, is a professor at the University of Chicago.
  • The jury highlighted the laureates' work in illuminating how political and economic institutions play a role in explaining why some countries prosper while others do not.

Tech helps Singapore economy top forecasts in third quarter

Singapore's economy grew more than expected in the third quarter as a rush for everything related to artificial intelligence drove...
  • The City's economic performance is often seen as a barometer of the global environment
  • Healthy rebound in manufacturing sector powered the 4.1 percent year-on-year Q3 growth

Hezbollah drone strike kills four, wounds dozens at Israeli base, US sending more air-defences

Hezbollah announced late Sunday that it launched a "squadron of attack drones" at the Binyamina camp, 30 kilometers south of...
  • The attack on a military training camp in Binyamina, near Haifa, is the deadliest such assault on an Israeli base since September 23, when Israel increased its attacks on Hezbollah
  • Authorities in Gaza, meanwhile, said the death toll from an Israeli strike Sunday on a school being used as a shelter for displaced people had risen to 15, including whole families