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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.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

EU plans measures to protect sensitive technology from China

The European Union unveiled plans to strengthen the bloc's economic security including measures to protect sensitive technology from falling into...
  • The fallout from the war in Ukraine hit Europe particularly hard, forcing the bloc to find alternative energy sources.
  • Now, it wants to avoid a similar over-reliance on China, which dominates in green technology production and critical raw materials.

Dubai wins right to host 349 business event in 2023

DUBAI, UAE - Dubai consolidated its status as a central hub for international business events in 2023, with the city...
  • Driven by Dubai Business Events, the wins reflected a robust 49 percent increase in successful bids compared to 2022.
  • DBE brought a citywide offering to the global market that resonated with the core needs of the business events industry.

Imane Ayissi brings African tradition to Paris couture

PARIS, FRANCE - Imane Ayissi is on a mission to put authentic African textiles in the spotlight but faces an uphill...
  • Ayissi in 2020 became the first designer from sub-Saharan Africa at haute couture week and seeks to resurrect more traditional fabrics like rafia.
  • Such fabrics are drawn from local trees and plants, that were used before the African market was flooded with imports during the colonial period.

Mac computers could reach new glory due to AI

SAN FRANCISCO, US - Forty years after igniting a PC revolution, Apple's Mac is stronger than ever and could reach new...
  • Macs became the preferred choice for Apple fans along with artists, film makers and other creative professionals.
  • Apple has been making inroads in business, getting help from iPhone lovers using their smartphones for work.

Tata Group retains IPL sponsorship rights for record $300m

New Delhi, India - Corporate behemoth Tata Group has again been awarded title sponsorship rights of the Indian Premier League for...
  • Tata Group already holds the title sponsorship for the IPL and its sister competition, the Women's Premier League, which staged its first tournament last year
  • The IPL attracts cricket's top international stars with bumper salaries, and features 10 sides competing in the sport's hugely popular Twenty20 format

Coach Mancini warns Saudi against taking Kyrgyzstan lightly

Doha, Qatar - Roberto Mancini warned Saudi Arabia against falling victim to the kind of Asian Cup shock suffered by favorites...
  • Coach Mancini's team are ranked 56th in the world and are one of the contenders for the title while Kyrgyzstan are 98th
  • The 59-year-old Mancini, who led Italy to European glory in 2021, took over ambitious Saudi Arabia in August last year

Healthcare industry globally faces data hacking threat

DUBAI, UAE - In an age where data is a cornerstone of modern healthcare, the industry faces an escalating threat...
  • The IBM Cost of Data Breach Report reveals that in 2023 the average global cost of healthcare data breach reached $10.93 million.
  • In the Middle East, the cost implications of data breach reached $9.18 million in 2023, above the regional average across all sectors.

In Davos, AI excitement persists but fears over managing risks

A recent IMF report said AI would affect nearly 40 percent of jobs around the world, and some 60 percent...
  • Over the course of the week, more than 3,000 policy makers, business executives, academics and innovators discussed some of the world's most pressing issues at the annual meet.
  • The Forum announced it will hold a special meeting, hosted by Saudi Arabia, on “Global Cooperation, Growth and Energy for Development” on 28-29 Apr 2024 in Riyadh.

Complaint against Israeli President received: Swiss prosecutors

Israeli President Isaac Herzog has been targeted with a criminal complaint during a visit to Switzerland, Swiss prosecutors said, amid...
  • The Federal Prosecutor's Office said that it had received a criminal complaint against the Israeli president.
  • South Africa launched the emergency case at the ICJ, arguing that Israel had breached the 1948 UN Genocide Convention.

Strange calls may precede Israeli attacks in Lebanon

BEIRUT, LEBANON - "Good morning, madame. This is the bank calling. Are you at home?"  Since the Israel-Hamas war broke out...
  • Since the Israel-Hamas war broke out, residents of southern Lebanon have been receiving strange phone calls from Lebanese numbers.
  • Lebanese security officials and the Iran-backed Hizbollah group, a Hamas ally, believe the strange calls are in fact from Israelis.

Sweden Quran burner arrested in Norway, faces deportation

OSLO, NORWAY – An Iraqi refugee in Sweden who stoked international outrage by repeatedly desecrating the Quran last year has been...

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Attack on Gaza’s Rafah inevitable, says Israeli PM

Israeli Prime Minister Benjamin Netanyahu vowed to send ground forces into Gaza's southern Rafah city. The right-wing premier, whose security...

Gemini’s inaccurate AI racial images warn of tech titans’ power

AUSTIN, US – For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out...

Saudi Arabia takes part in global mineral and mining meet in Canada

RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...

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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.

Israeli forces kill Jordanian in West Bank, says Palestinian ministry

A Jordanian citizen has died after being shot by Israeli forces in the West Bank, Palestinian authorities said, with the...
  • The Israeli military said Hussein was suspected of being an accomplice of a Palestinian fighter Muhammad Jabar.
  • Jabar was preparing to carry out a suicide attack in Israel, according to the military.

Situation in Red Sea has a limited impact on food exports so far, says FAO

ROME, ITALY – The situation in the Red Sea has not yet been reflected in the pace of prices for...
  • The decline in the Food Price Index in February 2024 was led by a decrease in the price for cereals and vegetable oils.
  • The route via the Red Sea accounts for slightly more than 10 percent of the global maritime trade volume.