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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 warship downs incoming missile fired from Yemen: Military

Washington, United States -- A US Navy warship shot down a missile Friday that was fired at it by Yemen's Iran-backed...
  • Several shipping firms have diverted from the Red Sea, instead taking the longer and more expensive route around the Cape of Good Hope in South Africa.
  • Maritime monitoring agencies meanwhile said two missiles exploded in waters south of Yemen on Friday, though it was unclear if those reports were related to the incident.

South Africa’s genocide case against Israel explained

At this stage, the ICJ is only deciding whether to impose emergency orders on Israel ("provisional measures" in the court's...
  • South Africa has asked the ICJ to impose nine orders on Israel, including to immediately suspend military activity and to enable more humanitarian access to Gaza.
  • The court could order all nine of the orders, none of them, or even make up its own completely different orders.

UN court says Israel must prevent genocidal acts in Gaza

The top UN court said Israel should do everything it could to prevent any acts of genocide in the Gaza...
  • South Africa brought the case before the ICJ, saying Israel violated the UN Genocide Convention.
  • The court rulings are binding on all parties, but it has no mechanism to enforce them.

CIA chief heading to Europe for Gaza negotiations: US media

According to Axios, Israel has offered Hamas a two-month pause in fighting in Gaza in exchange for the release of...

French court censures parts of controversial immigration law

PARIS, FRANCE - France's top constitutional authority on Thursday rejected parts of a controversial immigration bill adopted under pressure from the...
  • The bill is a flagship reform of President Macron's second term but its text, hardened under pressure from the right, caused a revolt among ruling party's lawmakers.
  • Around a quarter of the 251 lawmakers in Macron's camp voted against the bill or abstained, and several left-wing ministers have registered their opposition to the bill.

Libya requires $1.8bn to rebuild flood-devastated areas, says report

TRIPOLI, LIBYA - The flood that devastated Libya's eastern port city of Derna last year has impacted up to 1.5 million...
  • Nearly 44,800 people were displaced by the disaster, including 16,000 children, and their access to care and education has severely deteriorated since.
  • UN humanitarian agency OCHA confirmed 4,352 deaths and over 8,000 missing persons, "making Storm Daniel the deadliest storm in Africa since 1900".

UN says Israel army orders Gazans to leave shelter hit by tank fire

"The army called the UNRWA official through the loudspeaker, she went over to them next to the tanks, and they...
  • Twelve people were killed Wednesday when two tank shells struck the shelter, where thousands had taken refuge, UNRWA said.
  • The health ministry said Israeli forces on Thursday killed 20 people waiting for humanitarian aid to be distributed on the outskirts of Gaza City.

UAE plans to issue bonds, Sukuk valued at $1.3bn in Q1 2024, says official

HONG KONG - UAE Ministry of Finance Undersecretary Younis Haji Al Khoori announced that the ministry's issuance of bonds and...
  • The Islamic Treasury Sukuk launched in 2023 and valued at US$299 million experienced robust demand, with bids received worth US$2.2 billion.
  • The UAE is Hong Kong's largest trading partner in Middle East, with non-oil trade reaching $6 billion (AED22.2 billion) in the first half of 2022.

Israel far-right minister slams Qatar over Hamas attack

Finance Minister Bezalel Smotrich commented after Prime Minister Benjamin Netanyahu was caught on tape allegedly telling hostages' families this week...
  • Qatar is the "patron of Hamas and is largely responsible for the massacre committed by Hamas of Israeli citizens", Finance Minister Bezalel Smotrich said on X
  • Smotrich's remarks come as Biden's Middle East envoy was in the region for talks aimed at brokering a new deal to free the remaining captives in exchange for a pause in fighting

ECB to urge patience on rate cuts in battle against inflation

The central bank is tipped to leave rates unchanged for a third consecutive meeting, keeping the benchmark deposit rate at...
  • Frankfurt institute launched an unprecedented rate hiking cycle in mid-2022
  • ECB watchers will be more interested in president Christine Lagarde's press conference

Palestinian leader Abbas lays ground for succession

Palestinian president Mahmud Abbas announced his replacement . Under current Palestinian law, the speaker of the Palestinian Legislative Council (PLC)...

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Polls open in Iran for presidential election amidst vote boycott calls

Polls in Iran opened on Friday for a presidential election following the death of ultraconservative president Ebrahim Raisi in a...

Battles in Gaza’s Rafah as US warns Israel over Lebanon

Top Israeli officials have suggested they are open to a diplomatic resolution of the border tensions, though Gallant said Israel...

Iran picks new president at turbulent time

Iranians vote on Friday to elect a new president from six candidates, including a lone reformist who hopes he can...

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Telegraph report on Hizbollah weapons at Beirut airport sparks outrage

Dubai, UAE - An article in The Telegraph alleging that Hizbollah is stockpiling Iranian weapons at Beirut International Airport (BIA)...
  • The Telegraph's report on June 23, 2024, cited unnamed "whistleblowers" who claimed that Hizbollah had amassed "huge quantities of Iranian weapons, missiles, and explosives" at BIA
  • The absence of identifiable sources and the reliance on anonymous airport workers as the sole basis for such significant allegations have been points of contention

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

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