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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.
  • In Middle East, ‘manufacturing’ is a new buzzword

    From Saudi Arabia to the UAE and Qatar to Kuwait, governments across the region compete to jumpstart industrial sector but...

    The industrial sector will contribute up to $1trillion annually to the GDP of the region

    Many experts estimate the sector can generate up to 15 million jobs in the next decade

  • In Middle East, ‘manufacturing’ is a new buzzword

    Form Saudi Arabia to the UAE, Qatar to Kuwait, governments of the region compete to jumpstart an industrial sector. But...

    The industrial sector will contribute up to $1trillion annually to the GDP of the region

    Many experts estimate the sector can generate up to 15 million jobs in the next decade

  • Red Sea Global, Riyad Bank sign agreement on $522m financing

    TABUK, SAUDI ARABIA - Red Sea Global (RSG) has completed a US$522 million (SAR2 billion) financing agreement with Riyad Bank,...

    Red Sea Global will develop the highly anticipated Four Seasons Resort at The Red Sea destination.

    The Four Seasons Resort, situated on Shura Island, is set to be a luxury property offering 159 exquisite guest rooms.

  • WEF24: Tech investment drives China’s growth

    China's GDP is expected to grow 5 percent this year as the country has significantly recovered from COVID-19, Xiaoyan Zhang...

    China's GDP is expected to grow 5 percent this year as the country has significantly recovered from COVID-19, Xiaoyan Zhang of Tsinghua University tells TRENDS.

    'People have started to spend more, and there are a lot of innovations happening in China; it will take a lot of work to recover, but we're confident," she adds.

  • Climate change parches Morocco breadbasket amid policy pitfalls

    Berrechid, Morocco -- Around this time every year, Moroccan wheat farmer Abderrahim Mohafid is usually preparing for his spring harvest, but...

    Morocco has seen only about half the rainfall it did during the same period last year, the country's water minister Nizar Baraka told AFP.

    The sector accounts for 14 percent of Morocco's exports, with exported produce seen as more profitable than that sold in domestic markets.

  • Arab countries public expenditure climbs to US$957.5bn in 2022: AMF

    Abu Dhabi, UAE--The total public expenditure of Arab countries combined jumped by 9.8% to $957.5 billion in 2022, compared to...

    According to the AMF, the combined public budgets of Arab countries posted a surplus of about $119.6bn in 2022, compared to a deficit of $62.5bn in 2021

    The AMF report said Arab countries' GDP at constant prices climbed by about 6% in 2022, after reaching 3.6% in 2021, while it grew by 24.6% in 2022

  • Qatar-Turkey business forum sparks new joint ventures

    Emphasizing the importance of holding meetings and mutual visits, Sheikh Khalifa bin Jassim bin Mohamed Al-Thani notes this would bolster...

    Qatar-Turkey JETCO aims to enhance private sector cooperation and advance intra-regional trade.

    Successful Qatar-Turkey Business Forum highlights partnership opportunities, says Qatar Chamber chief.

  • SMEs in UAE confront expense management challenges

    Digital solutions, including innovative expense management platforms, may help in transforming the administrative landscape for SMEs, a latest report points...

    Digital solutions, including innovative expense management platforms, may help in transforming the administrative landscape for SMEs, a latest report points out.

    Empowering employees through corporate cards fosters a culture of responsibility and accountability, facilitating seamless reimbursement processes, the report adds.

  • Economic forum in Amman to enhance trade ties between Iraq, Jordan

    AMMAN, JORDAN - The Iraqi Business Council, in collaboration with the Jordanian and Amman Chambers of Industry, is set to...

    This event aims to enhance financial, industrial and commercial partnerships among Iraq, Jordan and other countries in the region.

    The event will spotlight the myriad of investment, commercial and industrial opportunities available in Jordan and Iraq.

  • Jordan, Tunisia to enhance trade, investment relations

    AMMAN, JORDAN - The Chairman of the Amman Chamber of Commerce Khalil Haj Tawfiq has called on Jordanian and Tunisian...

    The trade between the two nations has seen significant growth over the past two years, with a notable balance in exports and imports.

    Trade volume over the last 10 months reached US$30 million, equally distributed between Jordan and Tunisia.