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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.

Why is WHO peeved over Mar 11 Covid anniversary?

The organization says the real alarm came six years earlier March 11, 2020 but "few people bothered to sit up...
  • The once-in-a-century pandemic has turned the world upside down, claiming more than six million lives.
  • The WHO declared a public health emergency of international concern (PHEIC) -- the highest level of alarm in the global health regulations -- on January 30, 2020.

Facebook allows calls for violence against ‘Russian invaders’

Facebook has temporarily eased its policy on violent speech after Moscow's invasion of Ukraine, allowing statements like "death to Russian...
  • Besides unprecedented sanctions, Russia's invasion of Ukraine has also led to a surge of online anger and debates.
  • The policy decision from Facebook and Instagram's parent Meta was met immediately with controversy, but the social media giant defended its change.

IMF expects to cut global growth forecast due to Ukraine war

The IMF in January cut the global growth forecast for 2022 to 4.4 percent due to the Omicron variant of...
  • Russia’s invasion of Ukraine, and sanctions that include a US ban on Russian oil imports, are spilling over to the global economy
  • These are causing costs for energy and other key commodities like wheat, fertilizers and metals to surge, the IMF has said

Ukraine war affects green energy transition

The EU, IEA, and NGOs stress that the development of renewable energy sources and biogas must be accelerated.
  • The global demand for the dirty fossil fuel reached a historic high in 2021 as several countries including China prefer it to pricier gas
  • Some countries could burn coal for longer, using it to transition to renewable energy sources without passing through a gas-power phase

Pressure mounts on Russia as it ravages Ukraine

Video shared from a children’s hospital in Mariupol hit by shelling showed a scene of complete devastation, with the wounded...
  • A local official said the attack wounded at least 17 staff, though no deaths were immediately reported
  • Russia did not deny the attack, but accused Ukraine of using the hospital to set up firing positions from the hospital

Britain urges all G7 members to ban Russia oil imports

The US has led a Western assault on Russia's economic lifeline by banning imports of oil and gas followed by...
  • The British foreign secretary, standing alongside US Secretary of State Antony Blinken, hailed transatlantic unity against Russia
  • Blinken called absurd and offensive the Russia proposal of safe passage of Ukrainians through its own territory

How Russian ‘safe corridors’ worked in bitter Syria war

Russia's offer of "humanitarian corridors" for civilians to flee the Ukrainian cities it has besieged is a well-tried approach Moscow adopted...
  • In those evacuations, Russia backed Syria's regime in pummelling rebel-held enclaves, before it brokered "safe corridors" and exit deals for civilians
  • Russia entered Syria's war in 2015 on the side of President Bashar al-Assad's regime, overseeing controversial evacuations of more than 200,000 people

Protests rock Iraq’s southern area as food prices surge

Protests erupted Wednesday in Iraq's impoverished south over a rise in food prices that officials attributed to the conflict in...
  • The price of cooking oils and flour have skyrocketed in local markets as government officials have sought to address growing anger.
  • More than 500 protesters gathered in a central square in the southern city of Nasiriyah opposing the unchecked rise in food prices.

Tunisia to initiate harsh action against food speculators

Tunisian President Kais Saied declared war Wednesday on food speculators amid a shortage of products such as wheat and semolina...
  • Russia's invasion of Ukraine has threatened supplies of basic foodstuffs, particularly wheat
  • Tunisia has seen a sharp shortage in staples such as rice, semolina, sugar and flour over the past weeks

Israel gives financial guarantees for its flights to Russia

Israel was poised Tuesday to extend financial guarantees for its airlines to fly into Russia, raising criticism in Kyiv as...
  • The $2 billion guarantee had been set to expire on March 9
  • A misunderstanding over Israel's continued flights into Russia caused a diplomatic flap

‘Hitler did it to Jews’: Lula accuses Israel of ‘genocide’ in Gaza

Brazilian President Luiz Inacio Lula da Silva accused Israel of committing "genocide" against Palestinians in the Gaza Strip and compared...

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Saudi clubs spent $875.4m on new players from June 1- Sept 1, says FIFA

Spending by Saudi Arabian football clubs in the transfer window just closed was second only to that by teams in...

WTA Finals to be held in Mexico, says sports body

NEW YORK, US -  Cancun will host the WTA Finals October 29-November 5, the WTA announced on Thursday. The Mexican resort...

Saudi crown prince says ready for economic partnership with BRICS

DUBAI, UAE – Saudi Arabian Crown Prince Mohammed bin Salman in a telephonic conversation with Russian President Vladimir Putin has...

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World inches step closer towards plastic pollution deal: UN

Some 175 nations are working to reach a landmark agreement by end-2024 that will curb plastic pollution, which ends up...
  • Global plastic production has more than doubled since the start of the century to reach 460 million tons and could triple by 2060 if nothing is done. Only 9% is currently recycled.
  • The draft deal, published by the Intergovernmental Negotiating Committee, will form the basis of fresh talks in the Kenyan capital, Nairobi, on November 13-19.

Global space economy is worth billions, say experts

ABU DHABI, UAE - The global space economy has great potential in terms of economic prospects, with the sector going...
  • Several studies by specialised global institutions indicate that the global space sector will be worth over US$1 trillion in the next few years.
  • The space economy grew 8 percent in 2022, with its value totalling US$546 billion, and is projected to grow by 41 percent in the next five years.

AlNeyadi conducts over 200 research experiments on board ISS

ABU DHABI, UAE - Over the course of a six-month space mission on board the International Space Station (ISS), UAE...
  • These research experiments were held in collaboration with 10 international space agencies and 25 esteemed UAE and global universities.
  • The experiments covered a range of topics including the cardiovascular system, back pain, protein crystallisation growth, epigenetics, immune system,