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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 awaits ‘details’ of Russian demands on nuclear deal

Iran said Monday it was awaiting "details" on Russia's demands for US guarantees that could potentially delay reaching an agreement...
  • Russia's Foreign Minister Sergei Lavrov said on Saturday that Moscow wants written guarantees from Washington
  • The country has been slapped with wide-ranging economic sanctions by the US and the EU following its invasion of Ukraine

UAE dispatches 30 tonne of aid to war-torn Ukraine

The United Arab Emirates said it flew 30 tonnes of aid and medical supplies to Poland for transportation to war-torn...
  • More than 1.5 million people have fled across Ukraine's borders in over a week of attacks from air, land and sea
  • The UAE last month abstained from a UN Security Council draft resolution condemning Russia's invasion

Ukraine is Europe’s ‘fastest growing refugee’ crisis since World War II

UN officials said they expected the wave of refugees to intensify further as the Russian army pressed its offensive, particularly...
  • More than 1.5 million refugees from Ukraine have crossed into neighboring countries in 10 days, the UN High Commissioner for Refugees Filippo Grande said.
  • WHO director-general Tedros Adhanom Ghebreyesus, also expressed grave concern at the worsening humanitarian situation.

Turkey tourism industry bemoans Russia-Ukraine war

Every Sunday Noori Sani welcomes his old friends around a bountiful Turkish breakfast in Istanbul. But surrounding him now are...
  • Within a few days of Russia's invasion of Ukraine on February 24, Ukrainians and Russians cancelled reservations for trips of Turkey
  • Visitors from Ukraine and Russia made up over a quarter of all tourists who arrived in Turkey last year, tourism ministry reported

UAE, IRENA to give clean cooking energy to communities

The initiative, called Beyond Food, was launched in collaboration with the Nama Women Advancement Establishment.
  • The UAE and IRENA will have tied up to promote the deployment of clean cooking solutions across the world
  • The partnership aims to expand and bring in more key actors working on this issue in the coming days

Israel PM meets Putin on Ukraine in ‘risky’ diplomatic move

Israeli Prime Minister Naftali Bennett's sit-down with Russian President Vladimir Putin was the first by a foreign leader since the...
  • Bennett and Putin met for three hours, in a visit that was coordinated with the US, Germany, and France
  • Bennett's delegation included housing minister Zeev Elkin, a fluent Russian-speaker born in Soviet-era Ukraine

Moody’s says Ukraine war endangers global economic recovery

The Russia-Ukraine conflict and subsequent sanctions have increased risks to the global economic outlook, with effects that will depend on the...
  • Europe's recovery would be at risk if the military conflict escalates, according to VP-Senior Credit Officer at Moody's, Kelvin Dalrymple
  • Rising prices for commodities from the region, such as oil, grains and metals, are increasing inflationary pressures, Moody's said

Iran and IAEA see a way to resolve nuclear issues

Iran and the International Atomic Energy Agency said Saturday after talks in Tehran that they agreed on an approach to...
  • The announcement came shortly before Russia said it would seek guarantees from the United States before it backs the deal
  • The nuclear deal is hanging by a thread since the United States' unilateral withdrawal in 2018 under then-president Donald Trump

Russia attack on Ukraine nuclear plant draws global ire

With fears growing of nuclear conflict, the US and Russian armed forces have set up a new direct phone line...
  • Ukraine has accused the Kremlin of ‘nuclear terror’, and US envoy to the UN said the attack was ‘incredibly reckless and dangerous’
  • Russia’s UN ambassador called accusations that Russian forces had shelled the plant part of ‘an unprecedented campaign of lies’

Saudi Crown Prince opens up on every little thing

Saudi Arabia’s Crown Prince Mohammed bin Salman has created quite a few ripples with his views on all things important...
  • The crown prince said he was leaning towards taking Saudi Arabia towards the ‘real teachings’ of Islam
  • He also said the country was working towards codifying Islamic law as had been handed down directly by the Prophet

Roadmap out for environmental education, sustainable development at WEEC2024

ABU DHABI, UAE - The Abu Dhabi Roadmap, a high-level plan outlining global recommendations to bolster Environmental Education (EE) and...

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2023 likely to be hottest year in human history, says EU climate monitor

"2023 is the year that climate records were not just broken but smashed," said Mark Maslin, a professor of climatology...

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 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...

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Tech’s carbon footprint: can AI revolutionize responsibly?

The planet's 8,000 or so data centers are the foundation of our online existence, and will grow ever further with...
  • In 2019, researchers trained several large language models, and found that training a single AI model can emit the CO2 emission equivalent of five cars over their lifetimes.
  • Between 2010 and 2018, global data center energy use rose by only 6 percent, despite a 550 percent increase in workloads and computing instances, according to the IEA.

Grain deal in focus as Putin, Erdogan all set to meet

MOSCOW, RUSSIA - Russian President Vladimir Putin will host his Turkish counterpart Recep Tayyip Erdogan on Monday, the Kremlin said, amid...
  • Russia pulled out from the UN-backed grain agreement that Turkey helped broker in July, effectively revoking safe navigation for civilian ships sailing through the Black Sea.
  • Turkey's foreign minister Hakan Fidan said on a visit to Moscow on Thursday that reviving the deal to ship Ukrainian grain across the Black Sea was "critical" for food security.

Iran’s non-oil export to ECO countries from Mar 21 to July 22 2023 reaches $3.6bn

TEHRAN, IRAN  â€“ Iran’s export of non-oil products to the Economic Cooperation Organization (ECO) member states in the first four...
  • In the four-month period, Iran exported 8.161 million tons of non-oil commodities to ECO member states.
  • In the same period, Iran imported 1.394 million tons of goods, valued at $2.445 billion, from the ECO states.