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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.

ADGM’s Registration Authority fines two firms for audit failings

ABU DHABI, UAE – The Registration Authority (RA) of Abu Dhabi Global Market has fined Baker Tilly Middle East Limited...
  • The RA fined Baker Tilly US$50,000 and Sturgeon US$12,500 for serious failings and gaps in the financial audit
  • The RA expects ADGM firms to conduct and prepare audit reports in accordance with professional standards.

Shipping insurance rates soar on Red Sea missile attacks

Maritime container transport has sunk by almost one third so far in 2024 compared with a year earlier, according to...
  • The Houthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12 percent of global trade usually passes
  • Premiums for ships have "increased significantly" following the Houthi attacks, according to Frederic Denefle, head of Garex, a French firm specialized in marine risk insurance

Jordan, Oman sign agreements to ramp up investments

Amman, Jordan--Jordan and Oman have signed a raft of agreements to boost direct investment in both the countries.The first memorandum...
  • In 2022, Jordan exported $70.2 million worth of goods to Oman, while Jordan imported $57.4 million worth of goods from Oman
  • The agreements between the two countries aim to establish partnerships for investment and trade between the two business sectors

Israel kills two Hizbollah fighters in drone strike

A security source said that an Israeli drone shot two guided missiles at the building in Kfar Rumman, near the...
  • Hizbollah confirmed that two of its fighters had been killed by Israeli fire
  • The Lebanese armed group said it had fired rockets at Israel in response

Houthi missile attack damages British-owned ship off Yemen

Dubai, United Arab Emirates - Yemen's Iran-backed Houthi rebels fired two missiles at a British-owned cargo ship passing through the Gulf...
  • The rebels, who control much of Yemen, have carried out months of attacks on merchant vessels in the Red Sea and the Gulf of Aden
  • The Houthis said they had also "fired a number of ballistic missiles and drones at various targets of the Zionist enemy" in the Israeli Red Sea resort of Eilat

Islamophobia rises threefold in UK after Israel-Hamas conflict

"We are deeply concerned about the impacts that the Israel and Gaza war are having on hate crimes and on...
  • Tell MAMA recorded 2,010 such cases in the four months since Hamas's deadly attack against Israel on October 7 sparked the conflict
  • Some 901 cases occurred offline while 1,109 were online and most of the offline incidents took place in the British capital London

Palestinian gunmen kill 1 Israeli, injure 8 others in occupied West Bank

The shooters were "neutralized", police said, and an AFP photographer later saw two bodies at the scene of the attack...
  • Israel's internal security service Shin Bet identified the gunmen as Mohammed Zawahrah, 26, his brother Kathim Zawahrah, 31, and Ahmed al-Wahsh, also 31
  • The attack near Maale Adumim came after two people were shot dead last Friday at a bus stop in southern Israel near the town of Kiryat Malakhi

Israel parliament rejects unilateral recognition of Palestinian state

On Wednesday, Israel's parliament backed Netanyahu's proposal of opposing any unilateral recognition of a Palestinian state, with 99 out of...
  • The vote came days after media reported that US and a small group of Arab nations were working out a comprehensive plan for long-term peace between Israel and the Palestinians
  • Media reported that the plan would begin with a ceasefire expected to last at least six weeks, with officials hoping that an agreement could be reached before the start of Ramadan

Saudi foreign minister seeks G20 action on Gaza

Rio de Janeiro, Brazil - Saudi Foreign Minister Prince Faisal bin Farhan called on G20 nations to apply pressure for...
  • Prince Faisal voiced these sentiments during the inaugural session of the G20 Foreign Ministers' Meeting in Rio de Janeiro, Brazil
  • The Saudi minister underlined the imperative for international institutions to uphold their commitments globally and adopt clearer stances

New Palestinian leaders needed after Gaza war: opposition figure

Talks are aiming to secure a ceasefire of about six weeks starting between now and Ramadan, which is expected to...
  • Kidwa, nephew of late Palestinian leader Yasser Arafat, said talks are seeking not just a pause in fighting but also addressing day-after scenarios
  • Behind the scenes they are touching on wider post-war issues such as security, leadership reform, the creation of an independent Palestinian state, he said

Jolani vows to disband rebel factions, integrate fighters into Syria’s Defence Ministry for unity

Jolani emphasized unity in Syria, advocating a social contract among religions for justice, while urging diplomats to lift sanctions to...

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Israeli defence minister declares 48-hour state of emergency

"The declaration on the state of emergency enables the IDF (Israeli military) to issue instructions to the citizens of Israel,...

Harris bats for nuance on Gaza, Palestinians’ right to ‘freedom, self-determination’

Harris also pledged to "always stand up for Israel's right to defend itself." Some pro-Palestinian activists, who rallied on the...

The Gaza mothers separated from their newborns by war

Jerusalem, Undefined - As their first birthday approaches, the triplets Gaza-native Hanane Bayouk gave birth to in Jerusalem before the war...

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Israel kills top Palestinian militant as Gaza truce talks stumble

The Israeli military killed a senior Palestinian militant in Lebanon on Wednesday, leading to accusations from the Fatah movement that...
  • The strike killed Khalil Maqdah, described by Fatah as "one of the leaders"
  • Israeli bombardment elsewhere in Gaza killed at least 24 people on Wednesday

Iran probe finds Raisi helicopter crash caused by weather: media

Iran's army in May similarly said it had found no evidence of criminal activity in the crash that also killed...
  • The helicopter carrying 63-year-old Raisi crashed on a fog-shrouded mountainside in northern Iran, killing the president and seven others, and triggering snap elections
  • Fars news agency, quoting an informed security source with knowledge of the conclusions of the probe, said overloading was also behind crash

Blinken presses Hamas to back Gaza truce but sees gaps with Israel

Doha, Qatar - Top US diplomat Antony Blinken appealed Tuesday to Hamas urgently to accept a ceasefire plan to ease suffering...
  • The US secretary of state closed his ninth wartime trip to the region in which he warned that the US-backed truce proposal may be the "last chance" to broker an end the conflict
  • The United States last week presented ideas to bridge gaps and, through Qatar and Egypt, has pressed heavily on Hamas to accept and return to talks this week in Cairo