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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.

World Cup victory over Spain makes Morocco the ‘pride’ of Arab fans

Doha, Qatar— Thousands of Morocco fans descended on the streets of Doha to celebrate their country becoming the first Arab...
  • The victory over Spain became a celebration of "Arab pride" for supporters from across the region
  • Saudis, Qataris and Egyptians joined the celebrations, waving their countries' flags in the traditional market as police gathered around the edge

Turkey inflation slows for first time since 2021: official

According to a respected monthly study released by independent economists from Turkey's ENAG research institute, the annual rate of consumer...
  • The rate slowed to 84.39 percent, according to state statistics agency TUIK, down from 85.51 percent in October
  • Turkey's inflation has steadily risen since reaching a low of 16.6 percent in May 2021

Indonesia villagers race to escape eruption as sky turns black

LUMAJANG, INDONESIA - Thousands of villagers living near Indonesia's Mount Semeru were racing for refuge Sunday to the wail of...
  • Locals fled on motorbikes sometimes three at a time as a mushroom cloud of ash approached and monsoon rains lashed the area in East Java.
  • Indonesian authorities raised their alert level for the volcano to its highest after the crater spewed hot ash a mile into the sky.

Iran rapper Toomaj Salehi could face death penalty: Judiciary

Tehran, Iran---An Iranian rapper who expressed support for anti-regime protests is charged with "corruption on earth" and could face the...
  • A US-based rights group had tweeted on Saturday that Toomaj Salehi's trial had begun "without a lawyer of his choice", and his family said his "life is at serious risk".
  • Iran's judiciary says more than 2,000 people have been charged since the start of the protests. Salehi is among a number of prominent figures detained.

Asian federation chief dismisses criticism of Qatar’s rights record

The AFC chief lavished praise on the Gulf country's organisation of the tournament."The organisation is luminous, the environment is positive,"...
  • AFC chief Sheikh Salman bin Ibrahim Al-Khalifa launched a sharp attack on Qatar's critics
  • L1, Asian Football Confederation, business, World Cup host, Qatar, human rights record, Gulf, tournament.

Global intellectual property filings reached new records in 2021: WIPO

The latest data shows “continued and sustained growth” in intellectual property filings, “driven largely by increases from Asia.
  • The latest data shows “continued and sustained growth” in intellectual property filings, “driven largely by increases from Asia
  • Up by 5.5 percent, China and India showed strong growth in local patent filings along with South Korea, which jumped 2.5 percent

Qatar eyes investments ahead of FIFA World Cup

"We seek to boost long-term partnerships between local and foreign investors to enhance added values and the knowledge transfer, to...
  • The Qatar Free Zones Authority is intensifying cooperation with all concerned agencies in the country to make the FIFA World Cup Qatar 2022 a success, says official
  • Qatar seeks to boost long-term partnerships between local and foreign investors to enhance added values and boost the economic diversification objectives, he adds

Saudi Arabia, UAE key partners in Indonesia’s growth

The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting...
  • The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting the 17th G20 Heads of State and Government Summit
  • Since 1976, the Kingdom, through the Saudi Fund for Development has contributed to strengthening the pillars of sustainable development in its various fields and forms in Indonesia

Saudi Arabia pursuing sustainable tourism: Tourism chief

The Kingdom's goal is to reach zero emissions by 2030.
  • The Kingdom's goal is to reach zero emissions by 2030
  • The country is presenting 66 initiatives as part of its environmental plan

Better food cold chain crucial for climate, world hunger: UN

In 2017, emissions linked to a lack of refrigeration totalled one gigatonne of CO2, according to the UN report --...
  • More efficient refrigeration would prevent food waste and boost revenues for small farmers, the UN said
  • Developing countries are estimated to save 144 million tonnes of food annually if they reached the same level of food cold chain as developed countries

UK Prime Minister to talk trade, Middle East during Gulf visit

London, United Kingdom -- Britain's leader Keir Starmer makes his first trip to the Gulf as prime minister from Sunday, seeking...

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Airbus nets satellite deal

The $2.5bn contract was awarded by the German army.

European Union slaps Chinese electric cars with tariffs of up to 38%

Brussels, Belgium -- The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car...

Heavy fighting rocks Gaza as thousands are on the move again

The United Nations warned that the almost nine-month-old war had "unleashed a maelstrom of human misery."

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80 percent of Gazans now displaced: UN humanitarian coordinator

United Nations, United States --The UN humanitarian coordinator for Gaza said Tuesday that 1.9 million people -- 80 percent of the...
  • UN estimated that up to 250,000 people are impacted by the Israeli military order for civilians to leave Al-Qarara, Bani Suhaila and other localities in Khan Yunis.
  • ""Palestinian civilians in Gaza have been plunged into an abyss of suffering. Their homes life shattered, their lives upended," said UN humanitarian coordinator Sigrid Kaag.

Tesla Q2 auto deliveries surge

Deliveries still 4.7 percent down from a year ago.
  • Tesla said it delivered around 444,000 vehicles worldwide in the April-June period, exceeding consensus estimates compiled by FactSet and sending its share price up around 9%.
  • Of the total figure, 422,405 involved Model 3 and Model Y vehicles. Tesla gave no detailed breakdown of the other autos delivered.

UAE in top 10 global trending destinations: Travel Trends 2024

Dubai, UAE -- The Mastercard Economics Institute has revealed in its latest Travel Trends 2024 report a major shift in the...
  • For UAE travelers, the top three trending destinations for this summer are London, Athens and Paris.
  • Globally, Japan tops the trending destinations list for the past year with Munich ranking as the top trending destination for this summer (June-August 2024).