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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.

Flynas launches its new operations base at Madinah airport

Riyadh, Saudi Arabia: Flynas, the national airline and the leading low-cost carrier in the Middle East and the world, announced...
  • These additions will bring the total number of routes operated by flynas from Madinah to 11 so far.
  • The operations from our new operations base will start with two aircraft as a first stage,

Can chatbots be therapists? Only if you want them to be

Like every other sector that AI is threatening to disrupt, critics are concerned that bots will eventually replace human workers...
  • Like every other sector that AI is threatening to disrupt, critics are concerned that bots will eventually replace human workers rather than complement them
  • Users of Replika, a popular AI companion that is sometimes marketed as bringing mental health benefits, have long complained that the bot can be sex obsessed and abusive

UAE President in Doha, attends opening of International Horticultural Expo 2023

Doha, Qatar -- UAE president Sheikh Mohamed bin Zayed Al Nahyan who is on a visit to Qatar attended the...
  • Several heads of states and international delegations are attending the exhibition as it unfolds at Al Bidda Park from 2nd October 2023 to March 2024, spanning 179 days
  • This event marks the first international horticultural exhibition hosted in a desert country and focuses on modern agriculture, technology and Innovation, and sustainability

Russian economy to grow 1.5 percent this year, says key European bank

After having forecast a contraction earlier this year in Russia's economy, the European Bank for Reconstruction and Development is now...
  • it said the outlook for 2024 will depend heavily on how the war on Ukraine and the related economic sanctions evolve
  • Russia's central bank has forecast the country's economy to grow between 1.5 and 2.5% this year and between 0.5 and 1.5% in 2024

Vitronic signs contracts in MENA

The contracts to install traffic systems are worth US$211m.
  • Vitronic Middle East will install over 2,000 "cutting-edge traffic enforcement systems in high-risk areas" over the next few months.
  • It said In a statement that traffic management and enforcement systems provide benefits that go beyond the daily lives of individuals

Mining sector to contribute 5% to UAE non-oil GDP by 2030: minister

Abu Dhabi, UAE - The mining sector’s contribution to the non-oil GDP of the United Arab Emirates is set to...
  • The ministry has launched the country's first mineral wealth strategy, in collaboration with local authorities, Al Hosani said
  • It has also conducted geological and mineral surveys, produced geological maps, and built a geological and geophysical database

Saudi real estate sector builds on vision beyond oil

TRENDS digs into Saudi Arabia's booming real estate sector and ambitious projects to find how they offers investors lucrative, long-term,...

Houthi and Saudi engage in ‘positive’ talks

Saudi Arabia and Iran-backed Houthi rebels put a positive spin on the inconclusive talks in Riyadh as diplomatic efforts increased...
  • The Saudi-Houthi talks in Riyadh were the latest ray of light for Yemen, which has endured decades of instability.
  • Houthi spokesman Mohammed Abdel Salam, who led the delegation, indicated that both sides were looking for solutions.

MEA brands focus on personalized customer experience

"Post-Covid GCC travel trends are promising: about 50% of customers plan to increase digital spending in travel and retail. With...
  • In the digital era, customer engagement is vital, shifting from transactional ties to interactive bonds; 20% of engaged patrons drive 80% of sales through endorsements
  • Post-Covid, travelers see personalized offers, not just reminders; 34% might switch due to poor communication; GCC sees rising digital spend; CEPs promote sustainable growth.

‘Qatar leads the charge in food security initiatives’

Several ministers of agriculture and food security from UN's Food and Agriculture Organization member states at the event discussed key...
  • Qatar plays a major role in advancing food security at local, regional, and global scales, says Qatar’s Municipality Minister
  • The country's key initiatives include dairy cow importation, poultry self-sufficiency, and innovative greenhouse techniques

UAE says will not arm Sudan paramilitary RSF: White House

Washington, United States -- The United Arab Emirates has informed the United States that it will not arm paramilitaries in Sudan's...

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German foreign minister heads to Middle East in Gaza truce push

The talks will focus on "the dramatic situation in the region", and especially to discuss the issue of coordinating humanitarian...

Biden, unions pile pressure on Netanyahu for hostage release deal

Jerusalem -- Pressure mounted Monday on Israeli Prime Minister Benjamin Netanyahu as a major strike was held and US President...

Bahrain to introduce minimum tax for large multinationals

Beginning in January 2025, the measure will place a minimum tax of 15 percent on revenues over 750 million euros ($830...

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Israel set for general strike after Gaza hostages found dead

"I have come to the conclusion that only our intervention can shake those who need to be shaken," Arnon bar...
  • Qatar-based Hamas official Izzat al-Rishq said the six hostages were "killed by Zionist (Israeli) bombing", an accusation the military denied.
  • A senior Hamas official told AFP on condition of anonymity that "some" of the six had been "approved" for release in a potential hostage-prisoner swap.

COP29 finance draft: Arab nations ask developed nations to commit $441bn

Paris, France -- The UN has published a draft on climate financing due to be presented at the COP29 in November,...
  • The document is the basis for negotiating an accord that is due to be reached at COP29 in Baku under Azerbaijan's presidency.
  • The EU said the "collective goal can only be reached if Parties with high GHG-emissions and economic capabilities join the effort."

West Bank city ‘cut off from the world’ as Israeli assault drags on

Jenin governor Kamal Abu al-Rub told AFP that even he does not know exactly what is happening inside the camp,...
  • "Neither the civil defense, nor the ambulances, nor the journalists can go and see what is happening there."
  • The United Nations said on Wednesday that at least 637 Palestinians had been killed in the territory by Israeli troops or settlers since the Gaza war began.