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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.

Thousands rally in London seeking a truce in Gaza

London, UK - Thousands of protesters marched in central London on Saturday to call for a ceasefire in Gaza amid ongoing...

UN chief calls for building alliance of peace on International Day of Human Fraternity

NEW YORK, US - On the occasion of the International Day of Human Fraternity, the UN chief Saturday called for...
  • The International Day of Human Fraternity celebrates values that hold our human family together, UN Secretary-General António Guterres said.
  • Let us all take inspiration and renew our commitment to stand together as one human family, the UN chief said.

UAE participates in G20’s sustainable finance working group meeting for 2023

ABU DHABI, UAE - The UAE recently participated in the first Sustainable Finance Working Group (SFWG) meeting within the G20...
  • The meeting, held at Guwahati, India, sought to discuss and agree on the group’s main points for 2023 in line with the priorities of the Indian Presidency.
  • G20 members, invited countries, sustainable finance working group country members, international organization like IMF also attended the meeting.

US, UAE officials discuss financial crimes

ABU DHABI, UAE - The US Department of the Treasury’s Under Secretary for Terrorism and Financial Intelligence Brian Nelson led...
  • Officials from both the countries reiterated their commitment to the continued dialogue between the two sides.
  • They agreed to exchange respective experiences on efforts pertaining to Virtual Assets and Virtual Asset Providers (VASPs), supervisory efforts.

Israel PM in France, hopes to gain support on Iran

Israeli Prime Minister Benjamin Netanyahu will hold talks with French President Emmanuel Macron hoping to gain support against Iran's nuclear...
  • Netanyahu hopes that Iran's role supplying drones to Russian troops in Ukraine will prompt Western allies to drop ideas of a revival of the 2015 nuclear deal.
  • Iran holds several foreign nationals who Western governments see as political hostages.

Fight global warming without harming economic growth: COP28 chief

The UAE is pushing the merits of carbon capture -- removing carbon dioxide as fuel is burned, or from the...
  • Sultan Al Jaber, the UAE's special envoy for climate change and CEO of oil giant ADNOC, said the energy transition needed to make the planet "wealthier and healthier".
  • The UAE, one of the world's biggest oil producers, argues that crude remains indispensable to the global economy and is needed to finance the energy transition.

WHO urges investment in neglected tropical diseases

The World Health Organization called for greater investment in combating neglected tropical diseases (NTDs), which left over 1.6 billion people,...
  • In 2021, around 1.65 billion people were estimated to require treatment for at least one NTD - a figure down 80 million from 2020.
  • The number of people requiring NTD interventions has fallen consistently from 2.19 billion in 2010, the WHO said.

UAE takes part in G20’s first Health Working Group meeting

NEW DELHI, INDIA -   The UAE participated in G20'S first health working group session held in India from January 18...
  • The aim of the meeting was to discuss the priorities for the health track within G20 under the Indian presidency this year.
  • It will also focus on access to safe, effective, quality and affordable medical countermeasures.

Emergency phase of Covid not over as 170,000 die in two months

In terms of monitoring how the virus is evolving, surveillance and genetic sequencing has dropped sharply, making it harder to...
  • WHO emergency panel's 14th meeting on the crisis comes nearly three years to the day since it first sounded the WHO's highest emergency alarm.
  • Last time the committee met in October it concluded that the pandemic still constitutes a public health emergency of international concern-- the WHO's highest level of alert.

Markets rise on better-than-expected US growth

Stock markets rose as US data showed the country grew at a slower pace in 2022 but finished the year...
  • For 2022 as a whole, the US economy grew at a slower pace than the previous year, expanding 2.1 percent, the Commerce Department said.
  • Investors are also focused on the next move of the US Federal Reserve, which has hiked rates since last year in a bid to tame galloping inflation.

Nokia 2022 net profit $4.7bn

The company's Q4 net profit surged to US$3.4 billion.
  • Nokia's annual net sales grew 12 percent to US$27.1 billion (24.9 billion euros)
  • The company is engaged in a major competition to install 5G networks around the world

Thousands rally in London seeking a truce in Gaza

London, UK - Thousands of protesters marched in central London on Saturday to call for a ceasefire in Gaza amid ongoing...

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Russia’s Putin offers assistance in Gaza Strip de-escalation

MOSCOW, RUSSIA - Russian President Vladimir Putin has offered assistance in helping to deescalate the tense situation in the Gaza...

Joint ministerial committee meets US secretary of state

Washington, US – A committee of the Joint Arab-Islamic Extraordinary Summit under the chairmanship of Prince Faisal bin Farhan bin...

IMF, UAE, other countries meet on anti-money laundering, counter terrorism financing

ABU DHABI, UAE - International Monetary Fund (IMF), in collaboration with the UAE Executive Office of Anti-Money Laundering and Counter...

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Arab world to be center for global change in 2024, says Russian intelligence chief

MOSCOW, RUSSIA - The chief of Russia’s foreign intelligence service, or SVR, believes the Arab world will take center stage...
  • The Russian official said that the change has manifested itself in strong, sovereign leaders coming to power in a number of Arab countries.
  • The rapid growth of anti-US and, more broadly, anti-Western sentiment in the region is one of the outcomes of this change, he said.

Fighting rages in Gaza as war enters third month

Heavy urban combat raged in and around Gaza's biggest cities as the bloodiest-ever war between Israel and Hamas entered its...
  • Israeli forces have encircled major urban centres as they seek to destroy Hamas over its unprecedented attack in October.
  • Backed by air power, tanks and armored bulldozers, Israeli troops were fighting Thursday in Khan Yunis, the biggest city in southern Gaza.

99 percent of world live in areas with air pollution levels above WHO guideline limits

DUBAI, UAE - According to World Health Organization data, 99 percent of the world’s population lives in places where air...
  • Leading businesses recognize that they have an important role in reducing air pollution alongside greenhouse gas emissions.
  • Business activity contributes significantly to air pollution globally but air pollution is not prioritized nor integrated into climate action.