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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.

Saudi Arabia launches documentary Horizon on wildlife  

RIYADH, SAUDI ARABIA - Konoz, an initiative of the Ministry of Media's Center for Government Communication (CGC), has released a...
  • The documentary is currently being shown on the Netflix platform.
  • The film gives a look at the ecological diversity of the Kingdom,

India flexes maritime muscles by boosting Arabian Sea force

New Delhi, India - Dramatic drone footage showing Indian commandos hunting pirates after an attack in the Arabian Sea illustrates New...
  • Defense Minister Rajnath Singh -- speaking at the launch of India's latest own-built warship, vowed shipping would be protected "from the sea to the heights of the sky"
  • India was taking "very proactive action" to ensure pirates "don't venture out into the India Ocean region", Admiral Hari Kumar, chief of naval staff said

Israel ‘systematically’ blocking aid to north Gaza hospitals: UN

Andrea De Domenico, head of the UN aid agency OCHA's office in the occupied Palestinian territories, described how detailed coordination...
  • Lucia Elmi, special representative for the UN children's agency UNICEF in the Palestinian territories, also lamented that "we can't get sufficient aid in".
  • "Children in Gaza are running out of time, while most of the lifesaving humanitarian aid they desperately need remains stranded," said Elmi.

Oil prices rise after US, UK strike Houthi rebels

Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships...
  • Wall Street had ended flat on Thursday, while the dollar was closing the week with gains against the euro.
  • The Houthis have carried out a number of strikes on vessels in the Red Sea, a key international shipping route.

Turkey and Gulf nations condemn US, UK airstrikes on Yemen

"First of all, they are not proportional. All of these constitute disproportionate use of force," Erdogan told journalists after Friday...
  • Kuwait's Foreign Ministry expressed "great concern" about the strikes, echoing the view of Yemen's powerful neighbor Saudi Arabia
  • Oman condemned American and British strikes on targets in rebel-held Yemen on Friday, warning of the risk of escalating conflict in the region

CBUAE cancels license of First Insurance Brokers Company

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...
  • The sanction comes as a result of the CBUAE’s decision following the company’s non-compliance with the regulations.
  • The CBUAE works to ensure that all insurance companies and related professionals comply with laws and regulations.

China implores all sides to prevent Yemen conflict expanding

Beijing, China--China called Friday for all sides to prevent the Yemen conflict from expanding, after strikes by the United States and...
  • China's foreign ministry spokeswoman Mao Ning said Beijing is concerned about the escalation of tensions in the Red Sea
  • She called on "the relevant parties" to keep calm and exercise restraint in order to prevent the conflict from expanding

US and UK target Houthi radar, missile capabilities

US President Joe Biden termed the the US and British strikes a "defensive action" after the Red Sea attacks, and...
  • Houthis said their forces will continue targeting Israel-linked ships in the Red Sea
  • A Houthi spokesman said Western air strikes on Yemen killed five people and wounded six

Gaza devastated and ‘largely depopulated’ as war nears 100 days

GAZA, PALESTINIAN TERRITORIES - Bombed-out neighborhoods, mass graves dug in the sand, spreading hunger and disease -- as the bloodiest...
  • Many thousands of strikes have rained down on the long-blockaded and densely populated Mediterranean coastal strip
  • Much of northern Gaza has been reduced to a dusty wasteland and largely depopulated as Israeli troops have launched ground invasion

McIlroy surges into two-shot lead at Dubai Invitational

DUBAI, UAE -  Rory McIlroy kicked off his year with a sparkling nine-under-par 62 to take a two-stroke lead after the...
  • The world number two is playing his first event since the DP World Tour Championship last November.
  • McIlroy made headlines earlier this week when he claimed a "world tour" was his "dream scenario" for golf.

Nations far apart in COP29 climate finance talks

According to the latest draft of the long-sought climate finance pact, most developing countries favor an annual commitment from wealthy...

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Egypt military says guard killed in ‘shooting’ at Rafah border

Al-Qahera News, which has links to Egyptian intelligence, quoted a defence official as saying an initial probe of the shooting...

Spain, Ireland and Norway recognize Palestinian state

The plans were unveiled last week in a coordinated announcement by their prime ministers, with formal recognition to take place...

Israel faces global outcry over Gaza strike that set ablaze tent city

The UN called on Israel to conduct a "thorough and transparent" investigation into the Rafah strike, as the Israeli military...

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Hamas claims to have taken Israeli soldier ‘prisoner’

The armed wing of Hamas said it had taken "prisoner" at least one Israeli soldier in an ambush on Saturday....
  • Hamas also broadcast images of a soldier being dragged along the ground, presenting the soldier as a captured Israeli
  • In a statement on Telegram, the Israeli army said it "clarifies that there is no incident in which a soldier was abducted".

Modi’s struggling rivals to vote as India election resumes

New Delhi, India - India's six-week election resumes Saturday, with top rivals of Prime Minister Narendra Modi due to vote in...
  • Modi, 73, remains roundly popular after a decade in office and his ruling Bharatiya Janata Party (BJP) is widely expected to win a third term next month
  • His prospects have been further bolstered by several criminal investigations into his opponents, sparking concerns from UN rights chief Volker Turk

Israel launches deadly Gaza strikes, says ready for new truce talks

Palestinian Territories - Israel launched devastating air strikes on Gaza Thursday, while also expressing readiness to resume stalled talks on...
  • The Gaza Strip's civil defence agency said two pre-dawn air strikes had killed 26 people, including 15 children, in Gaza City
  • Israel has angrily rejected those moves, voicing "disgust" over the ICC request and labelling any recognition of Palestinian statehood a "reward for terrorism."