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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.

Omicron hits Christmas weekend travel: Over 6,000 flights scrapped

More than 6,000 flights have been canceled worldwide over the long Christmas weekend and thousands more were delayed, a tracking...
  • Pilots, flight attendants, and other employees have been calling in sick or having to quarantine after exposure to Covid-19
  • A scramble to reroute pilots and planes and reassign employees was underway, but Omicron's surge has upended business

Arab League chief urges cooperation to achieve successful Libya elections

Aboul Ghaith pointed to the dangerous juncture that Libya is going through, and said that everyone should join hands and...
  • In a statement, Aboul Gheit urged the concerned parties to adopt dialogue as the only means to resolve the dispute
  • Gheit stressed on the importance of a national consensus on the legal and procedural rules for the elections

IMF extends Covid emergency funding by 18 months

The emergency funding was set up to help nations that have been severely impacted by the Covid-19 pandemic.
  • The IMF in April 2020 eased access to such aid, including raising the level of funding that countries could obtain
  • The programs have already been extended twice, in September 2020 and again in March this year

AfCon to be held as planned despite Omicron surge

The Confederation of African Football President Patrice Motsepe has confirmed that AFCON 2021 will go ahead as planned in January...
  • The AFCON will take place in Cameroon starting from January 9 to February 6, 2022 despite deadly surge of the Omicron virus
  • Nobody would be allowed to set foot in the stadiums without a negative PCR test

Beyonce, Jay-Z, Grande, and Billie Eilish shortlisted for Oscar

Iran's Asghar Farhad is among a select group of auteurs to have won multiple foreign film Oscars previously again makes...
  • Iran's Asghar Farhad is among a select group of auteurs to have won multiple foreign film Oscars previously again makes the cut with morality drama "A Hero."
  • The final list of Oscar nominations will be revealed on February 8, and the awards will be handed out on March 27

US top official confers with Israel, Iran on nuclear deal

Israeli Prime Minister Naftali Bennett's government has called for a halt to international efforts to revive the Iran nuclear deal....
  • Negotiations to restore the pact known as the Joint Collective Plan of Action resumed in November
  • Washington was a party to the original agreement, but withdrew under president Donald Trump in 2018

Natural gas prices hit fresh record peaks on strong winter demand

European and UK gas prices rocketed Tuesday to all-time highs on strong winter demand and simmering geopolitical tensions between key...
  • European and UK markets beat previous records from October. They are currently about eight times greater than at the start of 2021.
  • Runaway spot gas prices, alongside other buoyant commodities including crude oil, have fueled mounting concern about spiking inflation worldwide.

Israel to ban travel to US over Omicron spread

Lawmakers from Israel also approved the health ministry recommendation to bar Israelis from travel to France, Ireland, Norway, Spain, Finland,...
  • Israel will impose restrictions on traveling to US as Covid-19 curbs widen
  • Foreigners coming to Israel from red-list nations are prohibited to enter until they get special permission

Here’s why FIFA wants a biennial World Cup

A controversial proposal of staging the FIFA World Cup championship every two years rather than the current four-year cycle is...
  • FIFA is to hold an online global summit to discuss the feasibility of biennial world cups
  • An association of 54 of FIFA's 211 members, the Confederation of African Football' supports the idea

UN Secretary-General on state visit to Lebanon

The reports said that he will pay tribute to the victims of the Beirut Port blast, and also undertake field...
  • UN Secretary-General will meet with Government officials including President Michel Aoun, Speaker Nabih Berri, and Prime Minister Najib Mikati
  • Antonio Guterres will travel to southern Lebanon to visit the UN Interim Force in Lebanon and tour parts of the Blue Line

World’s biggest flying lab comes to Asia on air pollution mission

Clark, Philippines - NASA has kicked off a series of marathon flights in Asia with the world's biggest flying laboratory, in...

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Microsoft submits new Activision deal

A previous version of the acquisition deal was blocked.

Did not hear any noise from global organizations on journalist Dugina’s death, says Russia

MOSCOW, RUSSIA - Russia still has not heard any reaction from international organizations regarding the assassination of journalist Darya Dugina...

European stocks rise, China rate cut fails to ease worries

European stocks rebounded but Asian markets ended mixed after a Chinese rate cut failed to reassure investors. At midday, Paris...

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UAE takes part in G20 joint health-finance ministers meeting   

GANDHINAGAR, INDIA - Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini and Assistant Minister of Foreign Affairs...
  • The meeting discussed the progress made by the Joint Finance and Health Task Force (JFHTF) this year.
  • The UAE participated in the three meetings that the Task Force held this year under the G20 Finance Track.

WHO launches global initiative on digital health supported by G20 Presidency

GANDHINAGAR, INDIA - The World Health Organization (WHO) and the G20 India presidency announced a new Global Initiative on Digital...
  • WHO serves as the secretariat for strategy implementation to fast-track digital health system transformation.
  • The new Global Initiative on Digital Health is one of the key deliverables of India’s G20 Presidency.

Iran president meets diplomat freed by Belgium in prisoner swap case

TEHRAN, IRAN - Iranian President Ebrahim Raisi has met with diplomat Assadollah Assadi, recently freed by Belgium in a high-profile prisoner...
  • The Iranian diplomat was sentenced in Belgium to 20 years in prison for his role in a plot to blow up an Iranian opposition event in 2018 in Paris.
  • The diplomat was liberated on May 26 in an Oman-mediated exchange that saw Iran releasing Belgian aid worker Olivier Vandecasteele.