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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.

‘Domestic violence is overlooked in custody rulings’

"When custody decisions are made in favour of the parent who claims to be alienated without sufficiently considering the views...
  • Reem Alsalem, a UN human rights expert, uncovers substantial gender bias in family courts, frequently ignoring past domestic violence incidents in custody rulings
  • Violence persistently threatens women and children, causing significant hardship. For minority women, stereotypes and justice hurdles further exacerbate challenges, she adds

IsDB, AFD to finance $4bn projects in developing countries

Jeddah, Saudi Arabia -- The Islamic Development Bank (IsDB) and the Agence Française de Développement have signed an agreement to...
  • The MoU was signed by the president of the Islamic Development Bank, Dr. Mohammed Al-Jasser in Vienna.
  • Al-Jasser said last year that one out of every three member states of the Islamic Development Bank (IDB) is living in poverty.

Global summit seeks to overhaul climate finance, eyes bigger progress

The summit comes amid growing recognition of the scale of the financial challenges ahead, with warnings that the world's ability...
  • With trust in short supply over broken climate financing promises from richer countries, developing nations are looking for tangible progress
  • France backs international tax on carbon emissions from shipping, with hopes for a breakthrough at a meeting of the International Maritime Organization in July

All five on Titanic sub dead after ‘catastrophic’ implosion

Rear Admiral John Mauger told reporters in Boston that analysis showed debris found on the seafloor, 1,600 feet (500 meters)...
  • The somber announcement ended a multinational search-and-rescue operation that captivated the world since the tiny tourist craft went missing in the North Atlantic four days ago
  • Marine scientist David Mearns, who specializes in deep water search and recovery operations, said earlier the debris discovery indicated a rapid breakup of the submersible

Iran foreign minister rounds out Gulf tour with UAE visit

Hossein Amir-Abdollahian's visit to the UAE followed stops in Qatar, Kuwait and Oman -- the latest in a flurry of...
  • Gulf Arab countries are seeking to ease tensions with Iran, fuelled in recent years by the conflicts in Yemen and Syria.
  • In a dramatic shift, China brokered an agreement in March between Iran and Saudi Arabia to restore ties after a years-long rupture.

Rate hikes, tech, government support boost GCC banks

GCC banks see continued growth on the back of innovation, tech focus and sustained government support. TRENDS Special Report analyzes...

Sanad expands MRO services

Signs agreement with GE Aerospace and Safran Aircraft.
  • With this agreement, Sanad becomes the first certified LEAP MRO service provider in the SAMENA region, supporting the global LEAP MRO supply chain from its facility in Abu Dhabi.
  • LEAP-1A and LEAP-1B engines are effectively designed to meet the challenge of decarbonizing air transport with enhanced performance in terms of improved fuel consumption.

Oman, India trade surged to $10bn in 2022

Muscat, Oman - India and Oman trade in 2022 reached $9.98 billion reflecting the deepening economic and commercial ties between...
  • The nearly 90 percent growth in trade compared to the previous year highlights the strong demand for Indian goods and services in Oman
  • The bilateral trade growth has been fuelled by over 6,000 India-Oman joint ventures in Oman, accounting for an investment of over $7.5 billion

In spite of US sanctions, Iran’s crude oil exports break five-year record

Tehran, Iran-- In spite of the US sanctions against the Islamic Republic, Iran has seen a huge surge in the...
  • China, the world's major importer of energy, has received a big chunk of Iran's crude oil, apart from Germany, Spain and Bulgaria
  • According to the report, the Iranian crude oil shipments have nearly doubled since last autumn to touch 1.6 million barrels a day

ADDED partners with Valeo to set up electric cars technology hub

Dubai, UAE -- Abu Dhabi's Department of Economic Development (ADDED) has joined forces with Valeo, a global automotive technology company,...
  • The partnership aims to accelerate the growth of the automotive industry in the emirate and provide support to local electric car startups.
  • Valeo, known for its advanced technologies and sustainability vision in green cities, plans to explore new areas of development through the integration of its expertise in the hub.

Coal use at record high in 2024, the world’s hottest year: IEA

Paris, France -- World coal use is set to reach an all-time high in 2024, the International Energy Agency said Wednesday,...

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Stocks wobble as investors brace for Powell’s rate cut clues

Paris, France -- Stock markets wobbled on Thursday as investors await a highly-anticipated speech by US Federal Reserve chief Jerome Powell,...

TSMC starts work on first European plant

TSMC is investing $3.9bn in the Dresden project.

Abu Dhabi Airports, Paris Airports to expand air transport infrastructure

Abu Dhabi, UAE-- Abu Dhabi Airports has expanded its existing collaboration with Paris Airports Group (ACG) to focus on collaborating...

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Not facing a deal but imposition of American diktats: Hamas

"To say that we are getting close to a deal is an illusion," Hamas political bureau member Sami Abu Zuhri...
  • As efforts towards a truce continued, so did the killing in Gaza and Lebanon. An Israeli air strike in Lebanon killed 10 Syrians, including a woman and her two children.
  • In Gaza, the civil defense authority said an Israeli air strike killed 15 people from a single Palestinian family, taking Gaza death toll to 40,047.

United Nations calls Israeli settler attack in West Bank ‘horrific’

Geneva, Switzerland -- The United Nations on Friday said a deadly Israeli settler attack on a Palestinian village in the occupied...
  • "There are even reports of weapons being distributed to the settlers. So there is clearly a state responsibility in this regard." said UN HR office spokeswoman Ravina Shamdasani.
  • "This really is the crux of the matter: the impunity that the perpetrators of such grave violations have been enjoying," she said.

Gold hits record high, oil prices slide on weak Chinese demand

Expectations of US interest rate cuts weakened the dollar, while oil prices tumbled as weak Chinese demand expectations offset turmoil...
  • Oil prices slumped more than 1.5 percent. "The significant price recovery on the oil market has run out of steam in recent days," said Commerzbank analyst Carsten Fritsch.
  • "For one thing, the feared retaliatory strike by Iran (on Israel) has so far failed to materialize, which has probably favored a partial pricing out of the risk premium," he said.