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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.

Mediators push for Gaza truce as UNRWA warns its activities may stop

UNRWA chief Philippe Lazzarini said that "if the funding remains suspended, we will most likely be forced to shut down...
  • UN rights experts voiced alarm at soaring numbers of journalists killed in the Gaza war, decrying an apparent "deliberate" Israeli strategy to silence critical reporting.
  • 119 people were killed in the latest night of Israeli strikes; "There is a massacre taking place right now," said Leo Cans of international aid group Doctors Without Borders.

OPEC+ panel reaffirms cartel’s current output reduction strategy

In an effort to shore up prices, the OPEC+ oil alliance of 23 nations has implemented supply cuts of more...
  • In a statement following a meeting via videoconference, the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ stopped short of making any recommendations on its output policy.
  • However, the panel said it "reviewed the crude oil production data for the months of November and December 2023", noting the "high conformity" among participating nations.

Spain urges WTO meet in UAE to address de-globalization

ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...
  • The ministerial meeting (MC13) will convene representatives of 164 nations and trading blocs.
  • MC13 will seek key reforms to the global trading system, including expanding WTO membership .

Creeping war threatens Sudan’s eastern border

Sudan's nine-month-old war has so far largely spared the country's east. But with the frontline inching ever closer, and reports...
  • In recent months, the RSF's push into Al-Jazira state, southeast of the embattled capital Khartoum, has given it access to roads leading further east
  • The port city is Sudan's lifeline for crucial aid during the war that, according to the United Nations, has uprooted around 7.6 million people

Biden to visit Michigan as Arab American anger over Gaza grows

The trip comes days after the Democratic incumbent's campaign manager traveled to the city of Dearborn -- home to the...
  • The White House has made clear that Thursday's trip is purely a campaign visit, and Biden's 2024 team has said that he will meet with members of UAW union in the Detroit area
  • On Wednesday a group of Dearborn organizations called for ceasefire in Gaza and the city's mayor, Abdullah Hammoud refused to meet with Biden's campaign manager

US targets Houthi and Iranian drones in fresh strikes

CENTCOM earlier announced that the USS Carney had shot down an anti-ship ballistic missile fired by the Houthis, and then...
  • A US warship also shot down an anti-ship missile fired by the Houthis
  • American forces also destroyed a Houthi surface-to-air missile on Wednesday

Efforts to pause Israel-Palestine war gain pace amid fierce fighting

Palestinian Territories - International efforts towards a new pause in the devastating Gaza war gathered pace Wednesday, as Israel bombarded...
  • Hamas was reviewing a proposal for a six-week truce in its war with Israel, a source told AFP, after mediators gathered in Paris
  • While talks take place, the population of Gaza is starving to death due to constraints imposed on humanitarian aid

Houthi rebels target commercial vessel with a missile

Maritime security firm Ambrey said that a merchant ship had been targeted with a missile in southwest of Aden, Yemen....
  • The rebels have carried out some 30 attacks on commercial shipping and naval vessels
  • US forces on Wednesday destroyed a missile belonging to the Houthi rebels

UN says Israel-Hamas war leaves Gaza ‘uninhabitable’

Since the relentless Israeli aerial and ground assault, triggered by Hamas's deadly October 7 attacks inside Israel, the United Nations...
  • UNCTAD said Gaza was in a dire state before the war erupted, with a 17-year blockade and repeated military operations leaving around 80% of the population dependent on aid.
  • It would take seven decades for the territory to return to just its 2022 GDP level even the reconstruction was started immediately.

Norway warns of consequences over UNRWA funding cut

"We urge fellow donor countries to reflect on the wider consequences of cutting their funding to UNRWA," Norwegian Foreign Minister...
  • Thirteen countries, including major donors such as the United States, Germany, Britain and Sweden, have suspended funding to the UN agency
  • The funding is suspended over accusations that 12 on its staff members were involved in the October 7 attack by Hamas members against Israel

US President Biden pardons son Hunter before White House exit

Washington D.C. -- US President Joe Biden on Sunday issued an official pardon for his son Hunter, who is facing...

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Heavy battles in Gaza City on eve of new truce talks

Hamas has accused Israeli Prime Minister Benjamin Netanyahu of deliberately stepping up battles in Gaza City and far-southern Rafah to...

Erdogan says may invite Syria’s Assad to Turkey ‘at any moment’

Erdogan's comments come after tensions have mounted over the past week after a mob went on the rampage, vandalising businesses...

‘Enough’: Israeli protesters demand Gaza truce

Large protests, also demanding elections, have taken place across Israel's commercial hub every Saturday night, with smaller ones throughout the...

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Calling for better ties with West, Iran reformist wins presidency

In the mausoleum of Imam Khomeini in southern Tehran, Pezeshkian gave a speech thanking his supporters, saying their votes have...
  • Pezeshkian received more than 16 million votes, around 54 percent, and Jalili more than 13 million, roughly 44 percent, out of about 30 million votes cast
  • The death of ultraconservative president Ebrahim Raisi in a helicopter crash necessitated the election, which was not due until 2025

Israel says negotiators to hold fresh Gaza truce talks next week

Jerusalem, Undefined - Israel said Friday that "gaps" remained with Hamas on how to secure a Gaza ceasefire and hostage release...
  • There has been no truce in the nine-month-old war in Gaza since a one-week pause in November saw 80 Israeli hostages freed in return for 240 Palestinians held in Israeli prisons
  • The United States, which has worked alongside Qatar and Egypt in trying to broker a deal, had talked up the significance of Netanyahu's decision to send a delegation to Qatar

Early returns show reformist Pezeshkian leading Iran runoff vote: interior ministry

Iran held the first round of its snap presidential election last week which was marked by a record low turnout....
  • Officials have so far counted more than 11 million ballots for Pezeshkian and around 9 million for Jalili, electoral authority spokesman Mohsen Eslami was quoted by IRNA
  • Only 40 percent of Iran's 61 million eligible voters cast their ballots in the first round - the lowest turnout in any presidential election since the Islamic Revolution of 1979