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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.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

IMF chief says BOE acted quickly to UK budget proposal

  • "We cannot have fiscal policy working against the monetary policy by providing untargeted policy support", IMF chief Kristalina Georgieva said Tuesday
  • UK Finance Minister Kwasi Kwarteng on September 23 announced the debt-driven mini-budget, which slashed taxes and sparked market turmoil
Washington, United States– IMF chief Kristalina Georgieva said Tuesday the Bank of England correctly moved swiftly in reaction to Britain’s budget proposal late last month — a plan which included a now-scrapped tax cut for the wealthy and send the pound dramatically lower. 

 

She said it is important to avoid a contradiction between government and central bank policies.

“We cannot have fiscal policy working against the monetary policy by providing untargeted policy support. It has to go to the most vulnerable segments of society,” she said in an interview with Al Arabiya.

“In UK we have seen that contradiction between monetary and fiscal policy,” she said, but “The Bank of England acted very appropriately quickly.”

And she noted that authorities are “taking measures to ensure that there is consistency (and) now there are changes in how the package is going to be pursued.”

UK Finance Minister Kwasi Kwarteng on September 23 announced the debt-driven mini-budget, which slashed taxes and sparked market turmoil.

In response, the BOE began buying government bonds to prop up the currency.

Prime Minister Liz Truss on Sunday conceded she should have better prepared Britain for her plan, which went further than many had expected.