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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.

Algeria pledges $100m aid to Palestine as Mahmud Abbas visits

  • Algeria's President Abdelmadjid Tebboune said the funding was in line with his people's commitment to support the Palestinian cause
  • He said he would also put the Palestinian cause at the center of the Arab League summit, which Algeria is hosting in March next year

Algeria’s President Abdelmadjid Tebboune pledged $100 million in aid to the Palestinians, as Palestinian leader Mahmud Abbas visited Algiers on Monday, December 6.

Tebboune said at a joint press conference that the funding was “in keeping with Algeria’s revolutionary history and the entire Algerian people’s commitment to support the just Palestinian cause under all circumstances”.

Algeria is to host an Arab League summit in March 2022, the first since Morocco renewed ties with Israel amid a string of US-brokered normalization deals with the Jewish state.

Tebboune said on Monday that Algeria plans “to put the Palestinian cause at the center of this important event”.

Algerian television also reported that Tebboune plans to host Palestinian factions for talks.

The Palestinian leader’s tour of North Africa, where he also plans to visit Tunisia, comes two weeks after Israeli Defense Minister Benny Gantz signed an unprecedented defense deal with Morocco.

That deal stoked already high tensions with Algeria, which sees Israeli defense cooperation with the kingdom as a danger to its national security.

A top Algerian official said Gantz’s visited “targeted” his country.

Algiers broke off diplomatic ties with Rabat in August, citing “hostile” actions by Morocco, which the kingdom denies.