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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.

Former US treasury secretary says preparing buyout of TikTok

Washington, US - Former US Treasury Secretary Steven Mnuchin on Thursday said he is putting together a team of investors to...
  • Mnuchin, former US Treasury Secretary, said that TikTok was "a great business and I’m going to put together a group to buy" the embattled app.
  • "This should be owned by US businesses. There’s no way that the Chinese would ever let a US company own something like this in China," Mnuchin said.

US sanctions five Israeli entities including three settlers in West Bank

Washington, US - The United States sanctioned three Israeli settlers and two farming outposts on Thursday, accusing them of being involved...
  • "Today, we are taking further action to promote accountability for those perpetuating violence and causing turmoil in the West Bank," a US official said.
  • The US Treasury Department website showed that the three sanctioned individuals, Zvi Bar Yosef, Neriya Ben Pazi and Moshe Sharvit were Israeli citizens in West Bank.

Leader of US Senate calls for election in Israel

The leader of the US Senate called for Israel to hold new elections in the most strident criticism yet by...
  • “As a democracy, Israel has the right to choose its own leaders, and we should let the chips fall where they may,” Chuck Schumer said.
  • He said that Netanyahu was one of four "major obstacles" to a two-state solution.

UAE, Hungary ink pact to enhance trade, investment ties

ABU DHABI, UAE – The United Arab Emirates and Hungary have signed an economic cooperation agreement aimed at stimulating trade...
  • The UAE-Hungary economic cooperation agreement aims to deepen bilateral ties between the two nations and drive growth.
  • The agreement between the two countries also aims to boost non-oil trade, which has seen a significant increase in recent years.

Israeli lawmakers approve revised wartime budget

The new budget passed by a vote of 62 lawmakers to 55. It modifies the budget passed in May 2023,...
  • Parliament had already voted in December for an increase to the 2023 budget for the war against Hamas, boosting the previously approved spending figure by 30 billion shekels
  • Israel's retaliatory military campaign to eliminate Hamas has killed at least 31,272 people in Gaza, mostly women and children, according to the territory's health ministry

China to take ‘all necessary measures’ to protect interests after US TikTok vote

Beijing, China--China on Thursday slammed the approval of a US bill that would ban TikTok unless it severs ties with its...
  • The app has soared in popularity worldwide but its ownership by Chinese tech firm ByteDance has fuelled concern in Western capitals
  • The US House of Representatives approved a bill that would force TikTok to divest from its parent company or face a nationwide ban

UK to ban foreign state ownership of British newspapers

London, United Kingdom--The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could...
  • A government spokesperson said the move would "deliver additional protections for a free press, a pillar of our democracy"
  • British media suggested that minority interests in newspapers and magazines by foreign governments might be allowed

‘Multilateral approach needed to address Gaza crisis’

The 'Amalthea' initiative, recently announced by Cyprus, is crucial for the efforts to launch the maritime corridor and the UAE...
  • A concerted international effort is underway to open humanitarian corridors to Gaza, with a focus on a maritime corridor for urgent aid delivery.
  • The 'Amalthea' initiative, aiming to safely ship aid from Cyprus to Gaza by sea, marks a critical step in international efforts to alleviate the crisis.

Israeli strike kills Hamas member and two others in Lebanon

Beirut, Lebanon--Palestinian resistance group Hamas said one of its members was killed in an Israeli strike in south Lebanon on Wednesday...
  • The Palestinian resistance group said the man killed in the strike was Hadi Mustafa, a member of its armed wing in Lebanon
  • Lebanon's official National News Agency said three people were killed in the strike, including a Syrian passing by on a motorcycle

Gaza aid port plans ‘sign of international weakness’: Amnesty

Agnes Callamard, secretary general of Amnesty, said nobody was holding Israel to account over the delays to deliveries by land...
  • Gaza is suffering a severe humanitarian crisis as Israel's war on the strip drags on
  • Israel's war on the enclave has killed at least 31,272 people in the besieged enclave

UN: Israel’s strikes on Gaza hospitals may constitute war crimes, urges independent probe

The UN's 23-page report, "Attacks on Hospitals During the Escalation of Hostilities in Gaza," documented 136 strikes on 27 hospitals...

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Putin expects Türkiye’s Erdogan to attend BRICS summit in Russia

Russian President Vladimir Putin said Wednesday he expected his Turkish counterpart Recep Tayyip Erdogan to attend a BRICS summit in...

HRW says Israeli strikes on Lebanon putting civilians ‘at grave risk’

United Nations "member states should take urgent action to establish an independent inquiry into violations during the current hostilities", said...

Biden warns at UN against ‘full-scale war’ over Lebanon

Biden also pushed again for an elusive ceasefire between Israel and Hamas, telling the global body it was time to...

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Nearly 500 dead in Israeli strikes on Hezbollah strongholds in Lebanon

Israeli air strikes on Lebanon killed at least 492 people on Monday, including 35 children, Lebanon's health ministry said, marking...
  • Israel said it killed a "large number" of Hezbollah militants when it hit about 1,600 sites in southern and eastern Lebanon
  • EU foreign affairs chief Josep Borrell warned that Israel and Hezbollah were "almost in full-fledged war"

Hamas weakened, not crushed a year into war with Israel

The Palestinian group has not been crushed outright, and a year on from its unprecedented attack on Israel, an end...
  • In one of the biggest blows to the movement since it was founded in 1987 during the Palestinian intifada uprising, Hamas's leader Ismail Haniyeh was assassinated in Iran on July 31
  • On the Gaza battlefield, Israeli forces have aggressively pursued both Sinwar and Hamas military chief Mohammed Deif, whom Israel says it killed in an air strike

World leaders gather at UN as Mideast tensions explode

Escalating clashes between Israel and Hezbollah threatened to overshadow US President Joe Biden's final appearance at the UN's signature annual...
  • UN Security Council member France called for an emergency meeting on the crisis engulfing the Middle East
  • Top diplomat of European Union Josep Borrell warned, "we are almost in a full-fledged war" about the Lebanon-Israel situation