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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.

World needs $41bn aid for vulnerable next year: UN

The annual appeal by UN agencies and other humanitarian organisations said that providing aid to the 183 million most vulnerable...
  • The pandemic has forced 20 million people into extreme poverty, but the Omicron variant would cause more damage, said the UN
  • It has asked donors for more fund as Covid-19, the climate crisis, and wars left millions of people helpless

WHO warns of ‘toxic mix’ as EU chief mulls mandatory Covid jabs

Nations with high vaccination rates are also struggling to contain rising infection numbers of Covid-19.
  • Dozens of countries have imposed travel restrictions mostly targeting southern African nations
  • Omicron threatens the world’s recovery and lowered growth estimates from 5.7% to 5.6%

Zero-carbon not the end of oil and gas

Some people conflate the target of zero carbon emissions with the notion that the era of oil, gas, coal, and...
  • Carbon emission targets are sometimes misunderstood with the end of oil, gas, and coal
  • Oil and gas are still the primary drivers of the global economy, and will continue to be so for decades

World economy watches as China activity slows down

The economy of China is weighed down by electricity shortages and a vast real-estate crisis.
  • The difficulties of the real-estate sector in China were triggered by the troubles of giant Evergrande
  • Those problems could pose risks for the world economy and affect the United States, the US Federal reserve has said

Top oil producers stick with modest output boost

This is despite pressure from big consumer nations to open up the taps much more decisively amid soaring prices. The...
  • The decision came from the 13 members of the Organization of Petroleum Exporting Countries and their 10 allies
  • They reconfirmed, in a brief meeting via videoconference, a July decision to gradually step up production each month

Arab nations’ pledge bolsters COP26 message

The UAE, Saudi Arabia, and Egypt have made some strong climate-action pledges at or before COP26.
  • The summit may not achieve its target of reducing carbon emissions by 45 percent by 2030
  • COP26 wants governments to adopt carbon emission targets through 2030

What did the G20 summit agree?

Meeting in person for the first time in two years, G20 leaders had climate change, the Covid pandemic, a tax...
  • Leaders pledged action against dirty coal plants but fell short on a target of zero emissions. Support WHO's vaccination goals.
  • An agreement that will subject multinationals to a minimum 15 percent tax approved as part of an effort to build "a fairer international tax system".

Iran petrol network partially restored after cyberattack

Among 4,300 fuel stations across the country, at present 1,450 are connected to the central fuel distribution system that provides...
  • Authorities have said the results of an investigation into the alleged attack would be ready within 10 days.
  • President Ebrahim Raisi on Wednesday said that his country must be "seriously prepared" against cyberattacks. 

Saudi submits bid to host World Expo 2030 in Riyadh

Russia, the Republic of Korea, Italy and Ukraine are other four countries that have submitted bids for the event in...
  • Crown Prince Mohammed Bin Salman proposes “The Era of Change: Leading the Planet to a Foresighted Tomorrow” as the theme for the event.
  • The Expo 2030 in Riyadh would coincide with the culmination of the Saudi Vision 2030, the Crown Prince's letter said.

World needs $23bn from G20 to fight pandemic: WHO

WHO chief Tedros Adhanom Ghebreyesus bluntly told the G20 they could no longer leave poorer countries hanging in the pandemic.
  • The World Health Organization has said it needs $23.4 billion over the next 12 months for its plan to fight Covid-19
  • It has urged the G20 countries, who are meeting this weekend in Rome, to show some leadership and pay the amount

Scientists in UK create new fusion record

LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...

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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...

Russian foreign minister to lead delegation at UN General Assembly

MOSCOW, RUSSIA - Russian President Vladimir Putin has approved the composition of the country’s delegation to the 78th session of...

Economists convened by COP28 lay out steps to reform global climate finance

ABU DHABI, UAE - A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has...

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Russia open to defense cooperation with several countries, says Putin

Moscow is open to equal defense cooperation with all nations seeking to protect their interests, Russian President Vladimir Putin said...
  • The Russian leader stressed that the forum had earned recognition as one of the world’s largest exhibitions of advanced military equipment.
  • Putin said the event makes a significant contribution to the development of Russia’s multifaceted ties with other countries.

International Military Forum Army-2023 opens in Moscow

MOSCOW, RUSSIA - The international military-technical forum Army-2023 opens at the Patriot Congress and Exhibition Center here.About 1,500 prominent Russian...
  • About 1,500 prominent Russian companies of the military-industrial complex will present their products.
  • 85 foreign companies and organizations from seven countries will also participate in the forum.

In favor of Iran joining BRICS, says South Africa

TEHRAN, IRAN – Pretoria fully supports Tehran joining BRICS, South African President Cyril Ramaphosa said at a meeting with Iranian...
  • The South African president supported Tehran’s desire to join the group at a meeting with the Iranian foreign minister.
  • Pretoria expressed the hope that during the visit of the Iranian President to South Africa, several pacts would be signed between the two countries.