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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.
  • World Bank to expand climate funding in MENA by $10 billion

    Brhane said the World Bank integrated climate into all its work across the MENA region and is on track to...

    The funding supports both reducing net emissions and resilience projects, said Meskerem Brhane, the bank's Regional Director for Sustainable Development, MENA.

    She added that by embracing green growth strategies, the region's GDP could potentially grow to over $13 trillion by 2050.

  • UNICEF warns of terrible results on children due to Lebanon crises

    Beirut, Lebanon - Lebanon's compounding crises are having a "devastating" impact on children and their education, a United Nations agency said...

    UN children's agency UNICEF said more than a quarter of households surveyed last month reported children not attending school, compared to 18 percent in April.

    For four years, Lebanon has been gripped by a crushing economic crisis that has pushed most of the population into poverty

  • Israeli army opens fire at hospital wards: Gaza health ministry

    "The occupation (Israeli) forces have tightened the siege and the targeting of Kamal Adwan hospital, firing at patient rooms and...

    The head of the UN agency for Palestinian refugees Philippe Lazzarini warned that the people of Gaza were "running out of time and options".

    Israel's Foreign Minister Eli Cohen said that the war in the Gaza Strip would continue "with or without international support".

  • UNICEF exhorts donors for US$9.4bn in funding

    The agency said the funding would allow it to reach 17.3m children in need of measles vaccinations, 7.6m children with...

    Afghanistan was the most expensive project listed, with UNICEF calling for $1.4 billion for 2024

    The agency is aiming in 2024 to reach 48 million women, girls and young people across 58 countries

  • UAE renews call for Palestinian aid, two-state solution

    "The Gulf country aims to launch a concrete plan to achieve the two-state solution to the Palestinian crisis with a...

    The UAE's contribution to Gaza's reconstruction is conditional, tied to the development of a concrete plan for a two-state solution.

    During their visit to the Rafah Border, Nusseibeh and UN officials witnessed the devastation in Gaza, underscoring need for ceasefire.

  • Gaza journalists must be protected from harm: Blinken

    AFP and other international media groups had written to Blinken in late October urging his help in protecting journalists on...

    At least 63 journalists and media workers have been killed since the war began in October

    French lawmakers urged their PM to call for all efforts to secure the exit of journalists stranded in Gaza

  • Biden warns Netanyahu risks losing support for Gaza war

    Biden told a campaign event in Washington that Israel had "most of the world supporting it" after the Hamas attacks,...

    The US president told donors that Netanyahu needed to "change" his stance on a two-state solution for the Palestinians

    Netanyahu meanwhile said there was "disagreement" with Biden over how a post-conflict Gaza would be governed

  • UNGA strongly endorses ceasefire in Gaza conflict

    The UN General Assembly passes a resolution demanding an immediate ceasefire in Gaza, highlighting the Security Council's inaction and putting...

    The UN General Assembly passes a resolution demanding an immediate ceasefire in Gaza, highlighting the Security Council's inaction and putting pressure on Israel and the US.

    The resolution, supported by an overwhelming majority, underscores the growing global concern over the humanitarian crisis in Gaza and the need for urgent peace efforts.

  • Gaza war derails Palestinian economy, say World Bank

    Washington, US - The Israel-Hamas war in Gaza is having a severe impact on the Palestinian economy, according to the World...

    Gaza's contribution to the overall Palestinian economy had already shrunk from around 36 percent in 2005 to just 17 percent last year.

    Whereas the World Bank previously anticipated growth of 3.0 percent in 2024, it now expects an overall contraction of 6 percent.

  • Under fire Harvard University president to stay after anti-Semitism row

    CAMBRIDGE, US - Harvard University's president, under fire over testimony she gave about anti-Semitism on campus, will remain in her job...

    Claudine Gay has been facing criticism after she declined to unequivocally say whether calling for genocide of Jews violated Harvard's code of conduct.

    Over 70 lawmakers including two Democrats called for her resignation even as several high-profile Harvard alumni and donors have called for her departure.