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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.

Iran hits out at UN experts report on 2022 protests

TEHRAN, IRAN – Tehran on Saturday strongly condemned a UN report on the Islamic republic's response to mass protests in 2022,...

Global piracy acts drop to 14-year low, says report

Worldwide acts of piracy fell to their lowest level last year since statistics were first established in 2008, a maritime...
  • In the Gulf of Guinea, considered a piracy hotspot, just three ships were attacked in 2022 compared to 26 in 2019, the MICA said.
  • In the same area, the number of kidnappings dropped to two last year, from 146 in 2019.

UAE’s FNC participates in Asian Parliamentary Assembly meet

ANTALYA, TURKEY - The UAE Parliamentary Division of the Federal National Council (FNC), participated in the meeting of the Standing...
  • During the meeting, the report of APA's Secretary-General was presented.
  • Draft decisions of the Political Affairs Committee were discussed and approved.

Iran executes two more men in connection with protests

PARIS, FRANCE -  Iran on Saturday executed two men for killing a paramilitary force member during unprecedented protests sparked by the...
  • The latest hangings double the number of executions to four over the nationwide protests.
  • Two men were put to death in December, sparking global outrage and new Western sanctions against Iran.

Stocks mostly rise ahead of key US jobs data

Stock markets mostly advanced as traders awaited key US jobs data and after news of falling inflation in the eurozone....
  • The Fed along with central banks worldwide last year kickstarted a string of aggressive rate hikes to battle decades-high inflation.
  • Official data showed that annual inflation in the eurozone dropped for a second month in a row, to 9.2 percent in December.

Iran arrests journalist who interviewed inmates’ families, says media

TEHRAN, IRAN - Iranian authorities have arrested a journalist who published interviews with families of death row inmates sentenced in connection...
  • 14 Iranians have been sentenced to death in connection with the unrest triggered by Mahsa Amini's death in custody on September 16.
  • Foreign-based rights groups and campaigners say dozens more protesters face charges punishable by death.

Saudi Arabia gets first female international football referee

RIYADH, SAUDI ARABIA - Saudi Arabia's first female international referee was appointed by FIFA on Thursday, less than a year after...
  • Opportunities have started to open up in women's sport including a women's football league that started in November 2021.
  • Saudi Arabia has applied to hold the Women's Asian Cup in 2026 and is the sole bidder for the men's version in 2027.

Sustainability key for next-gen data center models

At present, the data center industry as a whole uses approximately 150 billion kilowatt-hours of electricity annually, which is about...
  • At present, the data center industry as a whole uses approximately 150 billion kilowatt-hours of electricity annually, which is about 3 percent of the world’s electricity usage
  • Data centers must operate as efficiently and sustainably as possible to eliminate any potential harm to the environment.

Tearful Brazil bids farewell to its favorite son Pele

President Luiz Inacio Lula da Silva led the tributes as Brazil said its final farewell to football legend Pele, widely...
  • Born Edson Arantes do Nascimento, Pele exploded onto the scene at age 15, when he made his professional debut with Santos.
  • He went on to win the World Cup three times with Brazil, in 1958, 1962 and 1970 - the only player in history to achieve the feat

France begins testing Chinese arrivals to track Covid variants

France joins other states including the United Kingdom, Italy and the United States in testing arrivals from China, four weeks...
  • As of Sunday, visitors from China must wear a mask and be prepared to submit to a test on arrival, which will be done at random
  • Then from Thursday travelers will also have to present a negative PCR or antigen test undertaken less than 48 hours before their flight

World leaders rue loss of former Pontiff Benedict XVI

Russia's President Vladimir Putin said he was "an eminent religious and state figure, a convinced defender of traditional Christian values".
  • France's President Emmanuel Macron said the ex-pope "strove with soul and intelligence for a more brotherly world"
  • Germany's Chancellor Olaf Scholz hailed the German former pontiff as a "special church leader" who helped shape the Catholic church

Iran hits out at UN experts report on 2022 protests

TEHRAN, IRAN – Tehran on Saturday strongly condemned a UN report on the Islamic republic's response to mass protests in 2022,...

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We respect climate science, says COP28 head

DUBAI, UAE - The Emirati president of the UN's COP28 talks said on Monday he respects climate science, after a leaked...

MENA region can create 10m jobs by 2050 via climate action, says ILO

DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...

50 oil and gas companies pledge to cut operational emission in COP28 meet

DUBAI, UAE - Fifty oil and gas companies representing 40 percent of global production pledged to decarbonize their operations by 2050...

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UAE President attends Group of 77 and China meeting at COP28

DUBAI, UAE – At the UN Climate Change Conference (COP28) here, UAE President Sheikh Mohamed bin Zayed Al Nahyan attended...
  • The UAE President expressed the country's commitment to enhancing global cooperation to achieve the ambitious goals set for COP28.
  • These include accelerating the shift to a sustainable, low-carbon and economically robust model to deal with climate change.

Mumtalakat, Investcorp ink pact

The firms have jointly launched a climate investment platform.
  • The platform will make investments in businesses where they have matured past many of the risks that face earlier stage ventures.
  • They must manage and minimize the execution risks associated with expansion in middle-market investments.

UAE President announces $30bn Global Climate Fund at COP28 meet

In a groundbreaking announcement at the World Climate Action Summit during the UN Climate Change Conference (COP28), UAE President Sheikh...
  • The fund, designed to address the critical gap in climate financing, aims to enable affordable access to climate finance.
  • The UAE President highlighted the global urgency of addressing climate change and its pervasive impacts on life.