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ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

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.
  • Iraq, GECF discuss role of oil, gas in country’s development

    BAGHDAD, IRAQ -  Secretary General of the Gas Exporting Countries Forum (GECF) Mohammed Hamel on Friday stressed the importance of...

    The two discussed the oil and gas sector and stressed on the importance of supporting gas and renewable energy investment projects.

    The two leaders discussed on the development of the oil and gas sector in Iraq and its role in the country's economy.

  • Kuwait has third largest millionaire population in world

    Dubai, UAE -- Kuwait ranked third and Qatar 22nd on the list -- prepared by the World of Statistics --...

    About 15 percent of Kuwaitis were millionaires, after Hong Kong's 15.3 percent and Switzerland, which had the highest number of millionaires (15.5 percent) in the world.

    According to the World Wealth Report 2022, the average net worth of a millionaire in Kuwait is $2.9 million.

  • Iran summons UK envoy to protest new sanctions: state media

    The new British sanctions regime will expand existing penalties imposed by creating new criteria under which individuals and entities can...

    Foreign Secretary James Cleverly said sanctions against Iran over alleged human rights violations and hostile actions against its opponents on UK soil will expand

    Iran's foreign ministry considered the statements and positions of the British authorities as well as the recent sanctions... as an illegal and interventionist action

  • Zelenskiy to visit Turkiye Friday for grain deal talks with Erdogan

    Ankara, Turkiye - Ukrainian President Volodymyr Zelenskiy is set to visit Turkiye on Friday to discuss the Black Sea grain...

    Turkiye and the UN brokered last year's deal, which allows for the export of grain and other agricultural products from Ukraine's Black Sea ports

    But Russia, angry about aspects of its implementation, has threatened not to allow it further renewal beyond July 17

  • COP28 chair Sultan Al Jaber urges energy firms to cut emissions

    Al-Jaber, head of the UAE national oil company ADNOC, told ministers from countries of the OPEC oil producers' grouping the...

    Jaber said the entire industry "should be aligned" to help the world meet the target of net-zero greenhouse gas emissions by 2050.

    This includes not only international oil companies but also national state-controlled ones, Jaber told an OPEC seminar in Vienna.

  • World saw hottest June on record, Tuesday hottest day ever

    Petteri Taalas, secretary-general of the UN's World Meteorological Organization, warned on Monday that El Nino "will greatly increase the likelihood...

    "The month was the warmest June globally at just over 0.5 degrees Celsius above the 1991-2020 average, said EU monitor Copernicus.

    The tumbling records reflect the impact of global warming driven by greenhouse gases released from human activity.

  • Iraq join Egmont Group of financial intelligence units

    BAGHDAD, IRAQ -   Iraq joined the Egmont Group of Financial Intelligence Units, the Supreme Judicial Council announced."The efforts made by...

    The membership, "concerns the exchange of information between the financial investigation units for combating money laundering and financing terrorism."

    Egmont Group provides support to member states by enhancing secure communication between financial investigation units

  • Operator of Titanic sub that imploded suspends all expeditions

    The Titan sub was reported missing on June 18 and the US Coast Guard said on June 22 that the...

    US-based OceanGate said on its website that it had "suspended all exploration and commercial operations" after the tragedy, in which company CEO Stockton Rush was among the dead.

    Also on board were British explorer Hamish Harding, French submarine expert Paul-Henri Nargeolet, and Pakistani-British tycoon Shahzada Dawood and his son Suleman.

  • France unrest: Macron’s waning popularity could enable far-right surge

    France could very well walk into the embrace of far-right politics, if Macron doesn’t hew his governance closer to what...

    France could very well walk into the embrace of far-right politics, if Macron doesn’t hew his governance closer to what French people had bargained for

    Le Pen's party is already in line to take over from Macron in 2027. if the latter fails his promise in his second term also

  • Turkish Foreign Minister, Blinken discuss NATO expansion, Black Sea grain initiative

    Ankara,Turkey - Turkish Minister of Foreign Affairs Hakan Fidan discussed, in a phone call on Wednesday with US Secretary of...

    Earlier last month, NATO chief Jens Stoltenberg called on Ankara to drop its opposition to Sweden's bid to join NATO, saying Stockholm has addressed Turkey's security concerns

    As for Black Sea grain deal, Russia has restated a demand for its state agricultural bank to be reconnected to the global SWIFT payments system to avert the collapse of the deal