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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.

India’s Russian oil imports fall to 11-month low as price cap rises

Indian refiners bought 1.45 million barrels per day of Russian oil last month, their lowest amount since last January and...
  • Since the invasion of Ukraine nearly two years ago, India has bought hundreds of millions of barrels of cut-price Russian crude, saving itself billions of dollars
  • But the price of Russian crude has risen in the face of OPEC+ production cuts and increased demand from China, analysts say, making it less attractive to Indian customers

Blinken tells Abbas US backs ‘tangible steps’ for Palestinian state

Blinken "underscored the United States' position that all Palestinian tax revenues collected by Israel should be consistently conveyed to the...
  • Palestinian statehood was anticipated following the Oslo Accords of the 1990s but talks have been moribund for years
  • As part of efforts to stabilize the territory, Blinken called on Israel to hand over revenues owed to the Palestinians in full

Palestinian journalist freed from Israeli custody abused: report

Footage of the men, including Kahlout, stripped down to their underwear, with some of them appearing to hand over weapons,...
  • Diaa al-Kahlout, who was among dozens of Palestinians shown detained by Israeli troops and stripped to their underwear in Gaza, had been released
  • Paris-based media watchdog RSF has said following his arrest the journalist was briefly held in Eshel prison in Israel and was subjected to torture

Jordan king to host Sisi, Abbas for Gaza talks: palace

King Abdullah, in a meeting Sunday with US Secretary of State Antony Blinken, called on the United States to press...
  • The meeting will be held in the Red Sea resort of Aqaba as part of "Jordan's efforts to coordinate Arab positions to push for an immediate ceasefire in Gaza"
  • The three leaders would also discuss on "the situation in the West Bank" as the region has witness deadly violence by Israeli forces and the settlers

International forces respond to drone reports in Red Sea: UK agency

The Houthi rebels say they are acting in support of Hamas, targeting Israel and Israeli-linked vessels to push for a...
  • The agency said the incident had taken place about 50 nautical miles west of Yemeni port
  • Houthis have launched more than 100 drone and missile attacks on targets in Israel and the Red Sea

UAE and Azerbaijan presidents pledge to boost ties

Baku, Azerbaijan-- The UAE and Azerbaijan have discussed ways to enhance cooperation in renewable energy, environmental protection, culture, education, and...
  • The two countries resolved to ramp up ties in economics, development, renewable energy, environmental protection, culture, education, and other areas
  • The meeting between the two presidents also addressed the upcoming UN Climate Change Conference (COP29) to be hosted by Azerbaijan this year

Hizbollah targets Israeli base in revenge attack

In a statement, Hizbollah said that it targeted the "enemy's northern command centre" in the Israeli city of Safed with...
  • Israel said that a "hostile aircraft" had crashed at one of its bases in the north
  • Violence has killed more than 185 people in Lebanon, including 140 Hizbollah fighters

Top global leaders to attend WEF meet amid Gaza, Ukraine war

Paris, France - US Secretary of State Antony Blinken, Israeli President Isaac Herzog and Middle East leaders will attend a World...
  • Blinken and US National Security Advisor Jake Sullivan will be among 2,800 participants at the forum, including more than 60 heads of state and government.
  • Argentina's libertarian new president, Javier Milei, French President Emmanuel Macron and Chinese Premier Li Qiang will also participate in the forum.

UAE economy likely to grow by 3.8 percent in 2025, says World Bank

WASHINGTON, US - The World Bank expected the UAE's real GDP to grow by 3.4 percent in 2023, rising to...
  • The World Bank forecast the growth in the Gulf Cooperation Council countries to rise to 3.6 percent in 2024 and 3.8 percent in 2025.
  • The report said that the growth rate in the Middle East and North Africa region slowed down sharply to 1.9 percent in 2023.

2023 hottest recorded year as Earth nears critical threshold

PARIS, FRANCE - The year of 2023 was the hottest on record, with the increase in Earth's surface temperature nearly crossing...
  • Climate change intensified heatwaves, droughts and wildfires and pushed the global thermometer 1.48 C in 2023 above the preindustrial benchmark.
  • Nearly half of 2023 exceeded the 1.5C limit, beyond which climate impacts are more likely to become self-reinforcing and catastrophic, said scientists.

Lebanon says 11 killed in Israel strikes across the country

Lebanon said Israeli strikes killed 11 people across the country Tuesday

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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...

Tens of thousands bid farewell to Iran’s Raisi ahead of burial

Men and women thronged the main boulevard of Mashhad, Iran's second city in the northeast where Raisi was born, bidding...

Norway, Ireland, Spain to recognize Palestinian state

The announcement is the second diplomatic blow this week after the International Criminal Court prosecutor said he would seek arrest...

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Medics, WHO say north Gaza hospitals barely operational

North Gaza's last two functioning hospitals, Al-Awda and Kamal Adwan, are barely operational, doctors and the World Health Organization said...
  • Israeli forces had fired on the facilities and that snipers had been deployed near one of them.
  • Israel's military accuses Hamas of using hospitals as command centers to plan and launch attacks against its forces

US and UN ‘shocked’ over Israel’s ban on American news agency AP

After shutting down offices and confiscating equipment of the Al Jazeera news channel in Israel, Netanyahu's government has shut down...
  • Israeli opposition leader Yair Lapid reacted to the decision on X, saying the government "went crazy".
  • US news agency Associated Press has won 53 Pulitzer Prizes - one of the highest honors in news journalism

Israel, Hamas reject bid before ICC to arrest leaders for war crimes

Israel and Hamas, engaged in heavy fighting in the Gaza Strip, both angrily rejected on Monday moves to arrest their...
  • Israel slammed as a "historical disgrace" the demand targeting Prime Minister Benjamin Netanyahu
  • US President Joe Biden denounced the ICC bid as "outrageous"