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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.

Fishing nations pledge to protect sharks, rays

CAIRO, EGYPT -  Atlantic fishing nations have agreed to better protect sharks and rays by limiting the retention of several bycatch...
  • Sharks and rays are facing what conservationists have called an extinction crisis, with nearly two thirds of coral reef species at risk.
  • Sharks and rays must be better protected by governments and fisheries said an advocacy coalition advancing conservation policies.

Norwegian firm expects first cross-border transport of CO2 in 2025

Oslo, Norway -- Norwegian fertilizer group Yara International on Monday signed a contract to begin transporting CO2 produced at its Netherlands...
  • Yara International signed a contract to begin transporting CO2 produced at its Netherlands plant to Norway so it can be buried under the seabed.
  • Carbon capture and storage is aimed at helping halt climate change, involves capturing CO2 emissions at factory smokestacks and burying them underground in geological reservoirs.

Manama Dialogue helps in addressing political, security challenges, says GCC

MANAMA, BAHRAIN – Secretary General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi has said that the hosting of...
  • The conference brings together global senior officials and experts to exchange ideas and theories about common challenges.
  • It will help in understanding and analyzing issues, promoting security, peace, prosperity and supporting sustainable development.

Hundreds flee as Gaza’s main hospital evacuated

Hundreds of people fled after Israel's army ordered the evacuation of Gaza's main hospital where over 2,000 people were trapped...
  • Israel has been pressing military operations inside the hospital, searching for the Hamas operations center it says lies under the sprawling complex.
  • Israel has vowed to destroy Hamas in response to the October 7 attacks which Israeli officials say killed about 1,200 people, most of them civilians.

Germany, Turkey leaders hold divergent views on Israel-Hamas war

BERLIN, GERMANY - Germany and Turkey's leaders traded barbs on Friday over Israel's war on Hamas, with Frank-Walter Steinmeier stressing the...
  • Turkey’s President Erdogan is on a controversial visit to staunch Israel defender Germany, made more tricky by his accusations directed at Tel Aviv.
  • Erdogan has been increasingly critical of Israel's war against Hamas, triggered by the group's attack that Israel said killed around 1,200 people.

Saudi Arabia, CARICOM countries hold first summit for strategic partnership

RIYADH, SAUDI ARABIA - Since its foundation, the Kingdom has been keen to build bridges of communication with all the...
  • The convening of the summit will contribute to mutual support for various global nominations of the Kingdom and CARICOM, including Saudi Arabia's bid to host Expo 2030.
  • It will enhance coordination on regional and international issues of common interest, boosting tourism cooperation, and highlighting Saudi Arabia's tourist attractions.

Nations start negotiations over global plastics treaty at Nairobi meet

Nairobi, Kenya -- Nations grappling with the plastic "suffocating" nature and leaching into food and the human body began fresh...
  • Around 60 so-called "high ambition" nations have called for binding rules to reduce the use and production of plastic
  • Kenyan President William Ruto described plastic pollution as "an existential threat to life, to humanity and everything in between."

Dubai Airshow 2023 to see 1,400 exhibitors from 95 countries

DUBAI, UAE – The biggest edition of the Dubai Airshow, a significant global event for the aerospace, space and defense...
  • More than 1,400 exhibitors from 95 countries and over 300 international speakers will gather at the at Dubai World Central.
  • Dubai Airshow 2023 is also set to welcome leading and new airlines from across the globe, ready to showcase new concepts to the industry.

Arab, Muslim leaders summit condemns Israel over Gaza offensive

Arab and Muslim leaders condemned Israeli forces' "barbaric" actions in Gaza but declined to approve punitive economic and political steps...
  • The summit took place against a backdrop of widespread anger in the Middle East and beyond over Israel's aerial and ground offensive in Gaza.
  • Israel's offensive in Gaza killed over 11,000 people, mostly civilians and many of them children, according to the Hamas-run health ministry.

Israel faces global calls to protect civilians in Gaza

The suffering and death in Gaza has prompted growing calls for a halt in five weeks of fighting in order...
  • The Gaza health ministry says Israeli fighting has killed more than 11,000 people, also mostly civilians and many of them children
  • Almost 1.6 million people have been internally displaced since October 7, the UN agency for Palestinian refugees (UNRWA) said

Global football stars choose Red Sea destination for holiday

TABUK, SAUDI ARABIA – A few days ago, the Red Sea destination hosted several international football stars from Saudi Pro...

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Dubai International Boat Show helps in marine business

DUBAI, UAE – Dubai International Boat Show has wrapped up following a hugely successful week of high-value boat sales, important...

US military begins dropping aid into war-torn Gaza

Israel's top ally the United States said it began air-dropping aid into war-ravaged Gaza, as the Hamas-ruled territory's health ministry...

Hamas team heads to Cairo for new truce talks

Palestinian Territories - A Hamas delegation was expected to fly to Cairo on Saturday for talks on a truce in...

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Total value of Saudi Arabia’s export of dates reaches US$389m in 2023

RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of...
  • By the end of 2023, the number of countries importing Saudi Arabian dates had reached 119.
  • The total value of date and date-byproduct exports increased by 152.5 percent since 2016.

EU queries Meta about ad-free subscriptions, shadow banning

BRUSSELS, BELGIUM - The EU on Friday used new regulatory powers to query Meta about ad-free subscriptions to Facebook and Instagram as...
  • The European Commission made a request for information under the mammoth content moderation law known as the Digital Services Act (DSA).
  • The EU has launched probes under the DSA to quiz platforms on how they are addressing concerns from consumer protection to children's activity online.

Hamas says Israeli military action kills 7 hostages in Gaza

Hamas said that seven more hostages seized during its unprecedented attack on southern Israel on October 7 had died because...
  • Hamas seized around 250 Israelis and foreigners during the October 7 attack on southern Israel.
  • A spokesman for the UN agency OCHA told reporters that "if something doesn't change, a famine is almost inevitable" in Gaza.