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Geostrategy

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.

Saudi Arabia, China ink MoU in accounting and auditing

RIYADH, SAUDI ARABIA – The Kingdom and the People’s Republic of China signed on Monday in Beijing a memorandum of...
  • The MoU is similar to other agreements that GCA has reached with counterpart organizations in different countries.
  • These agreements underscore GCA's elevated professional standing, at both regional and international levels.

Record demand for Dubai luxury homes despite rising prices

Dubai, UAE - Dubai saw record-breaking sale prices throughout 2023, with super-luxury residences selling for up to US$4,000 (AED14,692) per...
  • High-net-worth buyers have been flocking from continental European countries like the U.K., France, and Germany to relocate to Dubai
  • In 2023, average residential prices in Dubai rose 16.9% in the first two quarters, according to CBRE’s UAE Real Estate Market Review

World’s five richest men doubled their fortunes since 2020: Oxfam

A report from the charity, published as the global elite hobnob at the World Economic Forum in Davos this week,...
  • Billionaires are today $3.3 trillion richer than they were in 2020, despite many crises devastating the world's economy since this decade began, including the Covid pandemic.
  • With riches among the world's wealthiest increasing the way they are, Oxfam predicted that within a decade the world will see its first "trillionaire".

Israeli forces kill five Palestinians in West Bank

Violence has surged in the West Bank since October 7, when the Palestinian armed group Hamas launched an attack in...
  • Troops chased a car that had run a checkpoint near the city of Hebron and "fired toward the terrorists and neutralized them", the Israeli army
  • Palestinian health ministry in Ramallah confirmed the men were killed, while the Palestinian Red Crescent Society said it had received their bodies

Fresh Israeli bombardment across Gaza kills dozens

Gaza's health ministry said that more than 60 people were killed and dozens wounded in "intense" strikes and artillery fire...
  • The latest strikes hit Khan Yunis and Rafah and areas around Gaza City
  • The UN says fighting has displaced roughly 85% of the territory's population

China says ‘firmly opposed’ to all official US-Taiwan exchanges

"China has always firmly opposed any form of official exchanges between the United States and Taiwan, and resolutely rebutted the...
  • China regards democratic Taiwan as part of its territory and has vowed to one day bring it under its control, by force if necessary
  • It does not keep diplomatic relations with countries that formally recognize Taiwan as an independent state

US downs missile fired from Yemen at American warship

The Houthis have said they are acting in solidarity with the besieged Gaza Strip, where Hamas fighters have been battling...
  • Houthi media said US and British strikes had hit rebel-held Hodeida
  • According to CENTCOM, the Houthi missile was shot down by US fighter aircraft

Israeli footballer in Turkey arrested over message on Israel-Hamas war: media

Jehezkel, 28, and capped eight times by the Israeli national team, celebrated scoring a goal against Trabsonspor by gesturing to...
  • Turkish justice minister said it was investigating Israeli player Sagiv Jehezkel over suspected "incitement to hate"
  • His club, Antalyaspor said it had sacked the Israeli player, accusing him of having "acted against the values of our country"

Israel ‘failed’ in Gaza and will negotiate: Nasrallah

Hizbollah chief Hassan Nasrallah declared that Israel has not achieved any "real victory" in 100 days other than killing. In...
  • There have been daily exchanges of fire on the Israel-Lebanon border between Hizbollah and the Israeli army
  • On Sunday, Israeli authorities said that two Israelis had been killed by a missile fired from Lebanon

China FM in Egypt calls for Gaza ceasefire, Palestinian statehood

In a press conference with his Egyptian counterpart Sameh Shoukry, Chinese foreign minister Wang Yi said, "It is necessary to...
  • Chinese President Xi Jinping has previously called for an "international peace conference" to resolve the fighting.
  • China has historically been sympathetic to the Palestinian cause and supportive of a two-state solution to the Israeli-Palestinian conflict.

Israel escalates bombing in Lebanon as Hezbollah fires projectiles; UN warns of Gaza famine

Israel escalated strikes on Hezbollah in Beirut and Tyre, targeting strongholds, while Hezbollah launched retaliatory attacks on Haifa, hitting a...

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Houthis launch fresh drone, missile attacks from Yemen: US

Dubai, United Arab Emirates - Yemen's Iran-backed Houthis launched several drones and two ballistic missiles on Friday, the US military said,...

Israel troops push into central Rafah

In central Gaza, the Israeli army said it was "intensifying operations" and had carried out air strikes that "eliminated several...

US, UK air strikes hit several sites in Yemen

The British defence ministry said in a statement that its planes launched strikes in "a joint operation with US forces...

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Car ramming attack kills two Israeli soldiers in West Bank: army

A car ramming attack killed two Israeli soldiers near the city of Nablus in the occupied West Bank, the Israeli...
  • Violence in the West Bank flared against the backdrop of Israel's war against Hamas militants in Gaza
  • The amount of humanitarian aid entering Gaza has dropped by two-thirds-UN

China’s Xi to address Arab leaders seeking ‘common voice’ on Gaza

Meeting Sisi on Wednesday, Xi said he was "deeply pained" by the "extremely severe" situation in Gaza, where the Hamas-run...
  • China's capital is this week hosting Egyptian President Abdel Fattah al-Sisi and several other Arab leaders for a forum in which Israel-Palestine war is expected to be discussed
  • Beijing has good relations with Israel but has supported the Palestinian cause for decades and campaigned for a two-state solution to the Israeli-Palestinian conflict

Palestinian fighters release video of Israeli hostage alive in Gaza

The Hostages and Missing Families Forum campaign group identified him as Alexander (Sasha) Trupanov, and called on the Israeli authorities...
  • The captive, identified by Israeli media as Sasha Trupanov, 28, is seen speaking in Hebrew in the 30-second clip
  • Trupanov, a Russian-Israeli dual national, was captured on October 7 from Kibbutz Nir Oz along with his mother, grandmother and girlfriend