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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.
  • ‘Fuel of the future’: Gulf states bet on ‘green’ hydrogen

    The investment in green hydrogen has not curbed expansion in oil and gas, with both the UAE and Saudi Arabia...

    In July the UAE, which will host the COP28 climate conference this year, approved a hydrogen strategy that aims to make it one of the top 10 producers by 2031

    According to Deloitte, Gulf nations will lead global clean hydrogen trade in the short-term, exporting around half of their domestic production by 2030

  • Saudi Arabia executes US national convicted of killing Egyptian father

    The death sentence for Bishoy Sharif Naji Naseef was carried out in the Riyadh region, the official Saudi Press Agency...

    A court found that Naseef beat and strangled his Egyptian father to death and mutilated him after he died, and that he also used drugs

    The mode of execution was not specified, but Saudi Arabia has in the past often used beheading when implementing the death penalty

  • Iran Foreign Minister stresses unity on first Saudi visit since ties restored

    Hossein Amir-Abdollahian also took the opportunity to reiterate the Islamic republic's support for the Palestinian cause at a time when...

    Ties between Saudi Arabia and Iran "are progressing in the right direction," Amir-Abdollahian told reporters at a press conference with Prince Faisal bin Farhan.

    Thursday's meeting in the Saudi foreign ministry's Islamic Solidarity Hall "will be a prelude to the meeting of the heads of the two countries", he added.

  • Truce holds in Libya after deadly clashes leave 55 dead

    Fighting raged from Monday night between the influential 444 Brigade and the Al-Radaa, two of the myriad of militias that...

    The clashes with rocket launchers and machine guns followed the detention of the 444 Brigade head, Colonel Mahmud Hamza, by the rival Al-Radaa Force on Monday

    During the fighting, 234 families were evacuated from frontline areas in Tripoli's southern suburbs, along with dozens of doctors and paramedics trapped while caring for wounded

  • Risk of renewed conflict in Yemen: UN sounds alarm

    The poorest country on the Arabian peninsula, Yemen's economy has collapsed in the eight years of war between Iran-backed Houthis...

    UN special envoy for Yemen warned of "public threats to return to war" in the Middle Eastern nation while the US and UK warned of escalating attacks and threats from Houthi rebels

    US Ambassador said Washington "strongly" condemns "senseless" maritime attacks by Houthis "on maritime shipping which are also exacerbating the humanitarian crisis"

  • Syria doubles salary of civil servants, military personnel

    In a separate statement late Tuesday, the commerce ministry announced the total lifting of subsidies on petrol and a partial...

    In two decrees issued late Tuesday, Assad doubled the salaries and pensions of those currently and formerly employed in the civil service and military

    Prior to the decision, the monthly salary of civil servants had been between around $10 and $25, depending on the Syrian pound's street value

  • Economists convened by COP28 lay out steps to reform global climate finance

    ABU DHABI, UAE - A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has...

    Particular areas of focus for the new framework will include addressing debt distress in vulnerable countries.

    Group said that private finance flows need to grow much faster to meet the $2.4 trillion investment estimated nnually.

  • Caspian Sea water levels hit 30-year low

    Estimates reveal a 9-meter decline in Caspian Sea water levels, shrinking the area by 24 percent, as the northern half...

    Estimates reveal a 9-meter decline in Caspian Sea water levels, shrinking the area by 24%, as the northern half witnesses a more significant drop than the southern part.

    The Caspian Sea supports a vital fishery, provides water for agriculture, and is home to several threatened species, including 90% of the world's last-remaining sturgeon.

  • Russian defense officials meet Saudi Arabian, Iranian counterparts

    MOSCOW, RUSSIA - The 11th Moscow Conference on International Security, held at the Patriot Congress and Exhibition Center here, saw...

    The conference saw participation from over 800 delegates from 76 countries, including China, India, South Africa, Israel, Turkey, Mexico, the UAE, Saudi Arabia.

    Representatives from eight international organizations, including the UN, CSTO, SCO, ASEAN, Arab League, and the African Union took part in the conference.

  • Syrians bank on smugglers on their treacherous journey to Europe

    Twelve years after conflict broke out when President Bashar al-Assad repressed peaceful pro-democracy protests, Syrians are still trying to escape...

    Omar, 23, from Daraa province, borrowed $8,000 to be smuggled to Libya and then Italy this year, saying he was desperate to leave "a country with no future"

    More than 1,800 migrants of various nationalities have died crossing the central Mediterranean towards Europe this year, according to IOM