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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.
  • Sudan authorities declare UN envoy ‘persona non grata’

    KHARTOUM, SUDAN -  Sudanese authorities loyal to the regular army have declared UN envoy Volker Perthes "persona non grata", accusing him...

    In a letter to the United Nations, Sudan's army chief accused the UN envoy of bias, not respecting "national sovereignty".

    The UN says nearly two million people have been displaced, including 476,000 who have sought refuge in neighboring countries.

  • Palestinian president Mahmud Abbas to visit China next week

    "At the invitation of President Xi Jinping, president of the state of Palestine Mahmud Abbas will pay a state visit...

    Xi Jinping last December visited Saudi Arabia, where he met with Abbas and pledge to "work for an early, just and durable solution to the Palestinian issue".

    In April, Chinese Foreign Minister Qin Gang told his Israeli and Palestinian counterparts that his country was willing to aid peace negotiations.

  • The phase down of fossil fuels is inevitable: Emirati COP28 chief

    Al-Jaber, who runs the Abu Dhabi National Oil Company (Adnoc), defended a COP28 roadmap that includes a "global goal to...

    "The phase down of fossil fuels is inevitable," Sultan al-Jaber said on the sidelines of technical climate talks six months ahead of the summit

    On Wednesday, al-Jaber signed a statement with EU Commission chief calling for  “a transition towards energy systems free of unabated fossil fuels"

  • Days after being re-elected, Turkey’s Erdogan appoints new central bank governor

    Hafize Gaye Erkan -- whose appointment was published in the official gazette on Friday -- has taken over the post...

    Erkan, a former co-CEO First Republic Bank and managing director at Goldman Sachs, will be the first woman to head the central bank

    Turkish president unveiled a new cabinet on Saturday appointing Mehmet Simsek, a former Merrill Lynch economist, as finance minister

  • Syrians lose life-saving care as Turkey halts medical visits

    Seriously ill Syrians in the country's last rebel bastion of Idlib used to be able to access life-saving care across...

    Doctors in Idlib refer most heart and cancer patients to Turkey, where they can receive free treatment under an agreement between local authorities and Ankara

    But after the quake ravaged health facilities on Turkish side of the border, Ankara halted medical visits through the Bab al-Hawa crossing, the sole access point for Idlib

  • Iran envoy to Saudi Arabia: Israel out to disrupt Tehran-Riyadh detente

    Riyadh, Saudi Arabia - Israel is not happy with the restoration of diplomatic relations between Tehran and Riyadh and is...

    Alireza Enayati said that “when cooperation between all regional countries is reinforced, no element can disrupt it”

    Enayati praised the role of China in facilitating the resumption of Tehran-Riyadh ties following high-stakes talks between the two sides in Beijing

  • Tajikistan, Qatar seek to bolster bilateral relations

    "Undoubtedly, since both countries have opportunities to establish mutually beneficial cooperation by using Qatar's investments to process Tajik raw materials...

    Tajikistan official Kodirzoda Sadi Sanginmurod highlights major prospects for enhancing trade and economic collaboration with Qatar, following the Emir's recent visit

    Tajikistan seeks Qatari investment to transform raw materials into high-value exports, targeting rapid industrialization, with potential collaboration in various sectors

  • Tunisia visit: EU chief to discuss economic and migration concerns

    "Discussions will focus on the bilateral relations between the EU and to Tunisia," Commission spokesman Eric Mamer said. "An agreement...

    The European leaders will meet Sunday with Tunisian President Kais Saied, whose country is going through a dire financial crisis.

    Tunisia's coastline is less than 90 miles from the Italian island of Lampedusa, and has long been a stepping stone for migrants.

  • Swiss group to enquire about Lebanon’s central bank chief in Beirut

    The delegation will meet a local judge and might seek to question individuals over the wealth of Salameh and his...

    Lebanon "was informed by the Swiss authorities that a Swiss judicial delegation will visit Lebanon soon" over Riad Salameh's case.

    Salameh, who denies all accusations against him, continues to serve as central bank governor as his mandate ends in July.

  • Saudi Arabia’s relations with US, China ‘not zero-sum game’

    Foreign Minister Prince Faisal bin Farhan, in a joint press conference with Blinken, played down talk that the oil-rich kingdom...

    China's growing role in the Middle East was demonstrated when it brokered a surprise rapprochement between Saudi Arabia and Iran in March.

    Prince Faisal also defended the controversial decision to lift Syria's Arab League suspension, which came shortly after the start of the country's civil war 12 years ago.