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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.

Russian foreign minister to speak at Valdai Middle East Conference

MOSCOW, RUSSIA - Russian Foreign Minister Sergey Lavrov will take part in the 13th Middle East Conference of the Valdai...

UAE is member of UNESCO’s diversity promotion committee

The Intergovernmental Committee consists of representatives of 24 countries  Al Kaabi proposes six areas of action that warrant the attention...

Global food prices rise fastest in May: FAO

Surge in international prices of vegetable oils, sugar and cereals lead to the increase in Food Price Index

All cabs running in Dubai to be fully electric or hybrid by 2027

Special incentives to be given to cabbies to convert their cabs into either of the two variants

OECD sees higher world GDP growth but fears ‘headwinds’

World economy will expand by 5.8 percent this year OECD chief describes the shortage of vaccines in low-income economies 'very...

Smokers are up to 50 percent more likely to die from Covid: WHO

The UN health agency’s 'Commit to Quit’ tobacco campaign has made resources from its Quitting Toolkit freely available to more...

UNHCR asks countries to share refugee burden, not externalize it

On the 70th anniversary of the 1951 Refugee Convention, UNHCR has urged bigger economies against passing the refugee burden down...

Antarctica gives birth to world’s largest iceberg

The 1,668-square-mile berg named A-76 is larger than the Spanish tourist island of Majorca Another massive iceberg that had threatened...

Timeline; recent plane crashes involving Iran

Tehran-based Aseman Airlines flight, from Tehran to Yasuj, crashed on Sunday morning killing all 66 passengers on board. Following is...

Passenger plane crashes in Iran: 66 people on board dead

Scores of people are feared dead after an Iranian commercial aircraft crashed into a mountain in southern Iran valley on...

MEA IoT spending to grow manifold as investments ramp up

The Middle East and Africa (MEA) Internet of Things (IoT) market is set to grow 15 percent year on year...

Russian foreign minister to speak at Valdai Middle East Conference

MOSCOW, RUSSIA - Russian Foreign Minister Sergey Lavrov will take part in the 13th Middle East Conference of the Valdai...

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Migrants suffer between life and death in Tunisia-Libya desert

In the midday heat, a Libyan patrol near the border with Tunisia comes across a black African man collapsed on...

Quran set alight at protest outside Sweden parliament

Two men set the Quran alight outside parliament in Stockholm at a protest similar to previous ones that have sparked...

Egypt energy-saving measures evoke satirical reaction among citizens

Sweltering without air conditioning during the day and plunged into darkness at night, many Egyptians have responded with anger and...

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Cash rich Saudi football league ‘changed market’, says English club

SEOUL, SOUTH KOREA - Manchester City manager Pep Guardiola said on Saturday that the Saudi Pro League had "completely changed the...
  • "The Saudi league completely changed the market," Manchester City manager Pep Guardiola said.
  • City winger Riyad Mahrez this week became just the latest big name to move to Saudi football.

African Union, EU step up pressure on Niger coup leaders

The African Union demanded Niger's military "return to their barracks and restore constitutional authority" within 15 days as the EU...
  • The African Union and the European Union joined the chorus of international condemnation of the power grab, the latest to strike the Sahel region.
  • The EU's diplomatic chief Josep Borrell said the bloc would not recognize the putschists and announced the suspension of security cooperation with Niger.

Egypt calls for renewal of Black Sea grain export deal

MOSCOW, RUSSIA -  Egypt's president on Friday called on Russia and Ukraine to find "urgent solutions" to allow the resumption of...
  • Moscow withdrew from the agreement after protesting for months that parts of the deal that allowed for export of Russian fertilizer were not honored.
  • Russia refused to extend a deal brokered by UN and Turkey, under which Ukrainian grain exports passed through the Black Sea to reach global markets.