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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.
  • European Union pledges $600 million for Syrians fleeing war

    Last year's donors' conference in Brussels for displaced Syrians raised pledges of $6.7 billion, and the one before that $6.4...

    Since 2011, more than 500,000 people have been killed in Syria after Bashar al-Assad's crackdown on peaceful protesters pushed country into civil war.

    The UN says more than 12 million Syrians were displaced by the conflict, most of them inside Syria, and with 5.4 million living as refugees in neighboring countries.

  • Iranian president boosts Nicaragua ties on tour of US-sanctioned countries

    In Venezuela, Raisi and Venezuelan leader Nicolas Maduro announced that they signed 25 accords, across sectors ranging from education and...

    The Iranian leader, whose country is also sanctioned by the United States, kicked off his trip in Venezuela earlier this week before flying to Nicaragua

    Raisi added that Iran and the Central American country "share a common history of struggle, of resistance, of revolutions, of combat against a common enemy"

  • ‘Voiceless’, destitute: Lebanon’s Syrian refugees lose hope for return

    Lebanese authorities say the country hosts around two million Syrians, while more than 800,000 are registered with the UN --...

    Aid groups warned that support for Syrians at home and abroad has dwindled, as the international community meets in Brussels this week for a pledging conference

    Amid a crushing economic crisis that has pushed most of Lebanon into poverty, anti-Syrian sentiment has soared, the government has called for refugees to leave

  • Saudi foreign minister to visit Iran on Saturday

    Riyadh, Saudi Arabia -  Saudi Arabia's Foreign Minister, Prince Faisal bin Farhan Al-Saud, is scheduled to visit Tehran on Saturday,...

    This visit follows the agreement reached in March, facilitated by China, which aimed to end the prolonged hostility between the two countries

    Earlier in June, the foreign ministers of the two countries met in South Africa to discuss plans for the full restoration of relations

  • Xi calls for a Palestinian state to become a ‘full member’ of UN in meeting with Abbas

    Beijing has sought to boost its ties in the Middle East, challenging US influence -- efforts that have sparked unease...

    Beijing has positioned itself as a mediator in the Middle East, brokering the restoration in March of ties between Iran and Saudi Arabia

    Xi told Abbas at a welcome ceremony at the Great Hall of the People that China was "ready to strengthen coordination and cooperation with the Palestinian side."

  • Saudi embrace of China signals shift in Middle East geopolitics

    China's approach, characterized by a combination of economic incentives and a focus on development, contrasts with the more assertive and...

    The diminishing US presence in the Middle East has compelled Gulf countries to seek new alliances, and China has positioned itself as a prominent alternative

    China's approach, characterized by a combination of economic incentives and a focus on development, contrasts with the more assertive and unilateral approach of the US

  • Arab nations account for 25 percent of Israel’s 2022 arms exports

    Jerusalem, Undefined - Israeli defense exports hit an all-time high of $12.5 billion last year, with Arab countries that recently established...

    One quarter of deals were for drone systems, with "missiles, rockets and air defense systems" making up another 19 percent.

    The US-brokered Abraham Accords from 2020 saw Israel normalize ties with the United Arab Emirates, Bahrain and Morocco.

  • GCC banking’s tech shift saves time, money

    GCC banks started adopting online and mobile banking, and ATMs, in the 1990s and 2000s. More recently, they've integrated advanced...

    As of 2019, there were over 5,000 bank branches in the GCC region, catering to a population exceeding 50 million.

    On average, customers spent about 30 minutes in these branches to avail themselves of banking services.

  • Lebanon lawmakers fail to elect president at 12th attempt

    The vote for the presidency, reserved for a Maronite Christian under Lebanon's delicate sectarian power-sharing system, pitted the Hezbollah-backed Sleiman...

    Lebanon is facing a double power vacuum, with the country governed by a caretaker cabinet with limited powers for more than a year.

    France and the US have renewed calls for Lebanese lawmakers to cooperate and elect a new president.

  • Saudi Crown Prince set to meet Macron in France

    Mohammed bin Salman has left for a state visit to France where he will meet President Emmanuel Macron, a statement...

    Saudi Crown Prince will take part in the Summit for a New Global Financial Pact in Paris next week, the Royal Court statement said

    In December 2021, Macron became one of the first Western leaders to meet Mohammed bin Salman in Saudi Arabia since 2018