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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.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.
  • Roadmap out for environmental education, sustainable development at WEEC2024

    ABU DHABI, UAE - The Abu Dhabi Roadmap, a high-level plan outlining global recommendations to bolster Environmental Education (EE) and...
  • 35 Jordanian companies to participate in Gulfood 2024 in Dubai

    AMMAN, JORDAN – A total of 35 Jordanian companies are taking part in Gulfood 2024, the world's largest annual food...

    The Jordan Exporters Association is coordinating the country's participation in the event.

    JEA is coordinating local participation in the exhibition for the 20th consecutive time.

  • WTO chief insists global trade body still counts

    WTO members' trade ministers have their biennial meeting in Abu Dhabi from February 26-29, at which they could put the...

    World Trade Organization is hoping for results from its 13th ministerial meeting in Abu Dhabi, particularly on fishing, agriculture and electronic commerce

    WTO chief said the meeting to be tough due to the "economic and political headwinds", from Ukraine war, the attacks in the Red Sea and economic difficulties in Europe and China

  • Saudi Arabia ranks 1st in international tourist arrivals growth in 2023

    Riyadh, Saudi Arabia - Saudi Arabia topped the UN Tourism’s ranking for the growth of international tourist arrivals in 2023...

    The kingdom recorded a remarkable tourism recovery rate of 156% in international tourist arrivals in 2023 compared to 2019, the report revealed

    Saudi Arabia set a record in international tourist receipts, with total spending exceeding SAR 100 billion ($27 billion) for the first three quarters of 2023

  • Iran, Armenia eye $3 billion bilateral trade volume

    Tehran, Iran – Deputy Prime Minister of Armenia Mher Grigoryan on Thursday said that Iran and Armenia have the potential...

    Grigoryan made the remarks during the 18th meeting of the Iran-Armenia Joint Economic Commission where he also described Iran as “a very important partner.”

    The 18th meeting of the Iran-Armenia Joint Economic Commission was held on February 14-15 in Tehran to further foster economic ties between the two countries

  • Mawani completes Red Sea Gateway Terminal at Jeddah Islamic Port

    Riyadh, Saudi Arabia - The Saudi Ports Authority, Mawani, announced the completion of the Red Sea Gateway Terminal at Jeddah...

    The gateway terminal has larger capacity, is equipped with the Optical Character Recognition (OCR) feature, and uses 146 different types of equipment

    The development of Jeddah Islamic Port’s North Container Terminal is included in the Build-Operate-Transfer (BOT) contract

  • Tunisia gets new central bank chief amid economic crisis

    TUNIS, TUNISIA -  President Kais Saied on Thursday appointed a new governor of the central bank of Tunisia, a north African...

    Fethi Zouhair Nouri, a 69-year-old member of the central bank's board, will succeed 64-year-old Marouane Abassi.

    Tunisia has grappled with a growing economic crisis following the COVID-19 pandemic, political tensions.

  • India’s top court strikes down anonymous election funding scheme

    Prime Minister Narendra Modi's party has defended electoral bonds, arguing that because the electoral bond donations are channelled through the...

    The scheme allowed donors to give anonymously through "electoral bonds" purchased from a bank

    Critics have condemned the campaign financing method as an opaque way to funnel "black money" to parties

  • Saudi Arabia set to establish more smart industrial zones

    Riyadh, Saudi Arabia - Saudi Arabia will establish more smart industrial zones, Minister of Municipal and Rural Affairs and Housing,...

    Minister of Municipal and Rural Affairs and Housing, Majed Al-Hogail revealed this at the conclusion of the inaugural Global Smart City Forum 2024 here on Tuesday

    Minister of Industry and Mineral Resources Bandar Alkhorayef who also attended the Forum, stressed the industry and mining sectors' increasing demand for smart industrial cities

  • Saudi budget records $10 billion deficit in Q4 2023

    Riyadh, Saudi Arabia - Saudi Arabia's general budget recorded a deficit of $9.86 billion in the fourth quarter of 2023,...

    The total revenues for the period amounted to $95.45 billion, while total expenses reached about $105.32 billion

    This reflects a slight increase in the deficit compared to the previous quarter, which stood at $9.54 billion