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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.

Israel ‘prepared for very intense operation’ on Lebanon border

Jerusalem, Undefined -- Israeli Prime Minister Benjamin Netanyahu said Wednesday that Israel was "prepared for a very intense operation" along the...
  • Almost eight months of exchanges between Israel and Hezbollah have intensified over the past week, with Israel striking deeper into Lebanese territory.
  • "We are prepared for a very intense operation in the north. One way or another, we will restore security to the north," Netanyahu said during a visit to the border area.

Qatar signs 27-year gas supply deal with Chinese Petroleum Corp

Qatar will supply four million tons of gas a year under the deal, QatarEnergy said in a statement, without disclosing the...
  • Qatar is one of the world's top liquefied natural gas producers alongside the United States, Australia and Russia.
  • In recent months, Qatar has inked LNG deals with France's Total, Britain's Shell, India's Petronet, China's Sinopec and Italy's Eni among others.

Work-life imbalance, mental health hit women hardest

Despite widespread cultural and contextual differences, many women around the world are experiencing similar challenges in and out of the...
  • Women are feeling the weight of misbalanced caregiving and domestic responsibilities.
  • Nearly half of the women say they are worried about their personal safety at work or when commuting or travelling for work

More than half of Gaza structures destroyed or damaged: UN

Geneva, Switzerland -- Some 55 percent of all structures in the Gaza Strip have been destroyed, damaged or possibly damaged since...
  • The analysis showed more than 137,000 buildings affected, UNOSAT, the United Nations satellite analysis agency, said on X.
  • Within Deir Al-Balah, the Nuseirat municipality suffered the greatest number of newly damaged structures during that period, at 1,216, UNOSAT said.

Oil prices fall as OPEC+ plans to unwind output cuts later this year

Oil prices slipped after Saudi-led OPEC and its Russian-led allies said Sunday they would maintain output levels but begin to...
  • European natural gas prices meanwhile jumped more than 10 percent after the closure of a pipeline linking key producer Norway with Britain.
  • Stock markets, meanwhile, mostly rose on renewed hopes for US interest-rate cuts. Among stock markets, European indexes were broadly higher and Wall Street saw gains at the open.

Gaza mothers search for milk as malnutrition hits amid Israeli siege on aid

Deir El-Balah, Palestinian Territories -- Amira al-Taweel scoured pharmacies in northern Gaza for milk to feed her child but could not...
  • At least 32 people, many of them children, have died of malnutrition in Gaza since the war broke out on October 7 following an unprecedented attack by Hamas on Israel.
  • On Saturday, the World Health Organization said that more than four in five children had gone a whole day without eating at least once in 72 hours.

Saudi Aramco begins second share offering, may fetch $12bn

The firm last Thursday disclosed plans to sell 1.545 billion shares on the Saudi stock market, priced between 26.70 and...
  • Meetings with institutional investors were set to run through Thursday while about 10 percent of the shares would be offered to retail investors from Monday.
  • It is the firm's second listing after an initial public offering in December 2019 that raised $25.6 billion, the biggest flotation in history.

WFP warns of ‘apocalyptic’ scenes in southern Gaza

"The exodus that we've seen in the past 20 days or so out of Rafah has been an awesome and...
  • The public health situation was "beyond crisis levels", he said, adding: "The sounds and smells of everyday life are horrific and apocalyptic."
  • In central areas of the Gaza Strip, where many people fled, the WFP is providing around 400,000 hot meals a day, and has kept six bakeries functioning.

UBS-Credit Suisse merger completed

The fallen Credit Suisse AG legally ceases to exist.
  • Credit Suisse AG's clients are now considered to be clients of UBS AG.
  • With today's merger, UBS has taken over Credit Suisse's rights and obligations.

The Red Sea opens its third resort Nujuma, a Ritz Carlton Reserve

Riyadh, Saudi Arabia -- The Red Sea has announced the opening of its third resort, Nujuma, a Ritz Carlton Reserve....
  • Inspired by the word Nujum, meaning "stars" in Arabic, Nujuma invites travelers to one of the world's most secluded and protected archipelagos.
  • Accessed by chartered boat or seaplane, Nujuma features 63 overwater and beach villas, offering one-to-three-bedroom accommodation.

DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.

Latest News

Developing countries paid $1.4 trillion to service their debts in 2024

The poorest countries paid out more than $96 billion to service their debts, the Bank announced in its latest report...

How Eco-Conscious Practices Are Shaping the Future of Luxury Spas?

In recent years, ‘wellness’ has come to mean many things for hotel operators. The term encompasses guest-centric experiences, environmental initiatives...

QatarEnergy inks gas supply deal for China with Shell

Doha, Qatar - Qatar has agreed to supply three million tonnes of gas a year to China in a deal...

Most Read

Macron to hold talks with Crown Prince Salman on Saudi visit

Macron is beginning the first state visit by a French president to Saudi Arabia since Jacques Chirac in 2006, cementing...
  • Macron's three-day stay also coincides with a flare-up of violence in Syria, where anti-government rebels have seized Aleppo, the second largest city.
  • The fighting in Syria comes after France helped to broker a fragile ceasefire in neighboring Lebanon, where Israel has been fighting Iran proxy Hezbollah.

Desertification talks open in Saudi Arabia as experts fire warning

UN talks aimed at halting the degradation and desertification of vast swathes of land start in Saudi Arabia. Forest loss...
  • 3.7 billion acres must be restored by decade's end to combat crises
  • Forest loss and degraded soils were reducing resilience to climate change and biodiversity loss

Gulf summit in Kuwait urges ‘immediate ceasefire’ for Gaza

Kuwaiti Emir Sheikh Meshal al-Ahmad al-Sabah called on the international community to implement "an immediate ceasefire, providing international protection for...
  • Sheikh Meshal hit out at what he characterized as the "double standards in the application of relevant international laws, charters and resolutions."
  • The Kuwaiti ruler spoke in support of Saudi Arabia's work to form a global body pushing for an independent Palestinian state.