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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.

Iraq PM says determined to end presence of US-led coalition

Sudani, whose government relies on support from Tehran-aligned parties, has repeatedly said in recent weeks he would like to see...
  • A US drone strike on Thursday killed a military commander and another member of Harakat al-Nujaba, a faction of Hashed al-Shaabi
  • Washington labelled the attack in Iraq's capital an act of self-defence, while Sudani's government decried it as an act of "blatant aggression"

Blinken to tackle Gaza, NATO expansion with Turkey’s Erdogan

Turkish President Recep Tayyip Erdogan has turned into one of the Muslim world's harshest critics of the scale of death...
  • US Secretary of State Antony Blinken arrived in Istanbul late Friday for the first leg of a trip that includes visits to Israel and West Bank, along with five Arab states
  • Blinken's fourth crisis tour since the start of the Israel-Hamas war three months ago comes with fears mounting that the conflict will engulf swathes of the Middle East

West Bank sees ‘unmatched surge’ in Israeli settlements since Gaza war

Peace Now said in the report published on Thursday there had been an increase in the activities of some settlers...
  • The Israeli group Peace Now said in a report that nine outposts had appeared in the occupied West Bank since the start of the Israel-Hamas conflict
  • About three million Palestinians live in West Bank, which is also populated by 490,000 Israelis living in settlements deemed illegal under international law

Houthis hold mass rally for Gaza in Yemen capital

Sanaa, Yemen - Thousands rallied in support of Gaza in the rebel-controlled Yemeni capital Sanaa on Friday, chanting anti-US and anti-Israeli slogans.The...
  • The Houthis have launched more than 20 attacks on merchant ships in the Red Sea in recent weeks, saying they are acting in solidarity with Palestinians in the face of Israel's war
  • Since the outbreak of the war on October 7, the Iran-backed rebels have organised weekly protests in Sanaa but Friday's demonstration was the "largest."

Response to Aruri killing inevitable, says Hizbollah chief

BEIRUT, LEBANON - The head of Lebanon's Iran-backed Hizbollah group warned Israel on Friday that it will respond swiftly "on the...
  • Saleh al-Aruri, who was killed in a missile strike widely attributed to Israel, is the most high-profile Hamas figure to be killed during the war.
  • Israel has not claimed responsibility for the strike but a US defense official said on Wednesday that Tel Aviv had carried it out.

Dubai Center for Family Businesses issues guidelines

DUBAI, UAE –  The Dubai Center for Family Businesses, which operates under the Dubai Chambers umbrella, has released a ‘Sample...
  • The ‘Sample Article of Association for Family Businesses’ outlines a set of options for companies to update their contracts.
  • The Article of Association takes into account the requirements of family businesses who are registered as limited liability companies (LLCs).

Gaza focus of German foreign minister’s upcoming Middle East tour

Annalena Baerbock will hold talks with Israel's new Foreign Minister Israel Katz, as well as President Isaac Herzog, foreign ministry...
  • Baerbock will subsequently travel to Egypt to meet with her counterpart Sameh Shoukry and also planned to visit Lebanon.
  • US Secretary of State Antony Blinken also left Thursday on a diplomatic tour of the Middle East, including Israel, his fourth since the war began.

Saudi Arabia releases 132 animals in NEOM Nature Reserve

RIYADH, SAUDI ARABIA  - The National Center for Wildlife, in collaboration with NEOM, has released a total of 132 animals...
  • This initiative aims to rehabilitate and ensure the adaptation of these animals to their new environment before releasing them into the wild.
  • The released animals consist of 80 Arabian sand gazelles, 12 mountain gazelles, 12 ibexes, and 28 Arabian Oryx.

Foreign governments paid Trump firms millions as president, claims US report

NEW YORK, US - Former US president Donald Trump's businesses received at least $7.8 million from foreign governments including China during...
  • The authors of the report said that revenues from overseas governments violated a constitutional ban on "foreign emoluments."
  • The report alleged that Beijing as well as businesses including ICBC bank and Hainan Airlines spent $5.5 million at Trump-owned properties.

Israel border violence displaces 76,000 in Lebanon: IOM

More than 80 percent of the displaced Lebanese are staying with relatives, according to the report, and only 2 percent...
  • Cross-border violence has left 175 people dead in Lebanon, including 129 Hezbollah fighters and more than 20 civilians, including three journalists, according to an AFP count.
  • In northern Israel, nine soldiers and five civilians have been killed, according to Israeli authorities.

Qatar halts Gaza mediation efforts amid stalled talks on ceasefire and hostage release

The Gulf emirate, which has hosted Hamas's political leadership since 2012 with US blessing, has been involved in months of...

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Oil tanker hit by missile off Yemen, no casualties

"At approximately 1 am (Sanaa time) May 18, Iranian-backed Houthis launched one anti-ship ballistic missile (ASBM) into the Red Sea...

Israel calls for immediate release of hostages, reports two Thai people held in Gaza killed

The Israeli army said Thursday that two Thai hostages earlier believed to be alive in Gaza were killed in the...

Arab League calls for UN peacekeepers in Palestinian territories

In a concluding statement following a meeting in Manama, the 22-member grouping called for "international protection and peacekeeping forces of...

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Israel says more troops to ‘enter Rafah’ as operations intensify

Israeli forces took control earlier in May of the Gaza side of the Rafah crossing with Egypt, in a push...
  • The operation "will continue as additional forces will enter" the Rafah area, Gallant said
  • Israel's top ally the United States has warned that it had not seen any credible Israeli plan to protect civilians in Rafah

Hamas chief says group to decide on post-war Gaza rule with Palestinian factions

Ismail Haniyeh on Wednesday said the movement will be involved in deciding post-war rule in Gaza along with other Palestinian...
  • Haniyeh also said the fate of truce talks was uncertain because of Israel's "insistence on occupying the Rafah crossing and on its expansion of the aggression."
  • His comments came after Netanyahu said any discussion on who rules Gaza after the war was just "empty talk" as long as Hamas remains in the territory

Israel PM says no ‘humanitarian catastrophe’ in Rafah as almost 500,000 evacuated

The United Nations said Tuesday that nearly 450,000 people had been displaced from Rafah since Israel first began issuing evacuation...
  • The international community, including Israel's top ally Washington, had urged Israel to refrain from launching a ground offensive in Rafah
  • But Netanyahu insisted that "the humanitarian catastrophe that was spoken about did not materialise, nor will it"