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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.
  • Europe to splurge record $295bn on military in 2023, says official

    Moscow's all-out invasion of Ukraine in 2022 provided Europe with a wake-up call that it needed to pump more into...

    The European Defense Agency (EDA) said six countries had increased their spending by over 10 percent in 2022.

    "Our armed forces must be ready for a much more demanding era," said EU foreign policy chief Josep Borrell.

  • EU agree draft rules to protect journalists from abusive lawsuits

    European Commission president Ursula von der Leyen said on X, formerly Twitter, that she welcomed the agreement to "protect those...

    The Strategic Lawsuits Against Public Participation (SLAPPs) are aimed at intimidating critics with burdensome legal action

    The new rules would allow a person targeted by a SLAPP lawsuit to request a rapid rejection by the courts

  • MoHRE asks over 12,000 private firms to meet Emiratization targets

    DUBAI, UAE – The Ministry of Human Resources and Emiratization (MoHRE) has notified over 12,000 private companies with 20-49 workers...

    Companies with 20-49 workers will be required to hire one UAE national in 2024 and another one in 2025.

    This step is expected to create around 12,000 jobs annually for UAE nationals in 2024 and 2025 in various sectors.

  • Debt Settlement Fund waives default loans worth over US$107m in UAE

    DUBAI, UAE - The Citizens Debts Settlement Fund announced the exemption of 1,244 citizens from their debts with a total...

    The settlement of debts is subject to specific and strict laws and standards regarding the quality of loans and their areas of expenditure.

    Officials of banks, financial institutions and national companies expressed their pleasure and pride in taking part in this national initiative.

  • Henry Kissinger, singular US diplomat, dead at 100

    Kissinger's family would hold a private funeral, with a memorial service to take place later in New York, where Kissinger...

    Kissinger, arguably the most identifiable secretary of state in modern times, died at his home in Connecticut, announced Kissinger Associates

    Kissinger was awarded the Nobel Peace Prize for negotiations to end the Vietnam War, even though the conflict did not immediately end

  • 30 Palestinian civilians freed under truce deal: Israel

    The overnight releases, which came after a sixth batch of hostages were freed from Gaza, bring the number of Palestinian...

    During the night, 30 male and female security civilians were released from a number of prison facilities," the country's prison service said in a statement

    Among those freed was Ahed Tamimi, a 22-year-old activist who has become a key figure for Palestinians defying the Israeli occupation

  • Israel’s security impossible without resolving Palestinian problem: Russia

    United Nations - Israel’s security can be ensured only through a lasting solution to the Palestinian problem and Russia is...

    Many questions arise about ways of reviving Gaza and about the future lasting solution to the Palestinian problem in general, Vasily Nebenzya said

    The mechanism of external backing for conditions for a lasting, stable settlement on the basis of the two-state solution should be really representative, he added

  • UAE presents its maritime contributions at IMO meet in UK

    DUBAI, UAE - Presenting its category B candidacy in the International Maritime Organization (IMO) Council at the organization’s focus group...

    The UAE’s strategic location at the crossroads of global shipping routes has enabled it to become a central maritime hub in the world.

    The country has strived to achieve continuous development in the maritime industry, which is a key pillar of its national economy.

  • Google to pay Canadian media $73m annually after a deal with Ottawa

    Ottawa, Canada -- The Canadian government and Google have reached a deal to support the country's media, heading off an...

    The amount is less than the government-estimated compensation, but heads off a potential online blackout for news in Canada, where Google and Meta are the dominating platforms.

    The agreement will reportedly allow Google to negotiate with a single group representing all Canadian media, rather than one-on-one deals.

  • Gaza ceasefire possible if those with influence take it seriously: WHO

    Geneva, Switzerland -- The WHO on Wednesday said that a ceasefire between Israel and Hamas was possible but those with influence...

    Only 15 of Gaza's 36 hospitals are still functioning with any capacity but are "completely overwhelmed".

    And of the 25 hospitals in the north, only three are still operating at the most basic level, lacking water, fuel and food, said WHO chief Tedros Adhanom Ghebreyesus