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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.
  • ADFD finances US$30m sustainable water project in Mauritania

    ABU DHABI, UAE -  Abu Dhabi Fund for Development (ADFD) has signed an agreement with the government of Mauritania to...

    The total value of the project, financed by several Arab and international financing institutions, is US$320 million.

    The main objective of the project is to provide potable water to around 92 cities and villages in Mauritania.

  • Iran seeks end to repeated delays for restoring nuclear deal

    In March, International Atomic Energy Agency (IAEA) chief Rafael Grossi visited Tehran after his agency's inspectors in the country found...

    In 2018, US had pulled back from a 2015 nuclear deal that gave relief to Iran from sanctions in return for curbs on its nuclear program.

    An agreement "is possible both in term of the technical and political aspects", Iran's foreign ministry spokesman Nasser Kanani said.

  • UAE Federal Treasury Sukuk Program appoints ADIB as primary dealer

    ABU DHABI,  UAE - Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has been appointed as a primary...

    This new program has been launched by the federal government of the UAE, through the Ministry of Finance (MOF).

    The program aims to issue Sukuk through Shariah-compliant structures as approved by the Higher Shari’ah Authority.

  • Air strike kills drug trafficker in Syria, says war monitor  

    BEIRUT, LEBANON -  An air strike killed a major drug smuggler and his family in southern Syria on Monday, a war...

    Jordan's army had said last year that drug trafficking from Syria into Jordan had become "organized".

    Jordan has previously launched strikes targeting drug smugglers in Syria, some dating back to 2014.

  • China pivot to Central Asia: Xi to host first summit with regional countries

    The summit in the city of Xi'an is the first of its kind, according to Chinese state media, and will...

    Leaders of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan are expected to attend the China-Central Asia Summit from May 18 to 19, said China's foreign ministry

    The summit in the city of Xi'an is the first of its kind, according to Chinese state media, and will focus on strengthening economic and diplomatic ties with Beijing

  • Saudi crown prince holds talks with US, UAE, Indian NSAs on regional connectivity, link to South Asia  

    The participants are reported to have discussed the broad contours of the massive joint project to build railway, maritime and...

    The participants discussed the broad contours of the massive joint project to build railway, maritime and road connectivity in the larger region

    They also deliberated ways to strengthen relations and ties between their countries in order to enhance growth and stability in the region 

  • Russia promises enough ammo to stay in Bakhmut: Wagner

    Russian troops have battled since last summer to capture Bakhmut, the political importance of which has come to surpass any...

    Rivalries between Yevgeny Prigozhin and the conventional army had boiled over during the battle for the now-devastated flashpoint, where Wagner is leading the assault

    Wagner's chief has threatened to pull out of Bakhmut on May 10, blaming Defence Minister for tens of thousands of Russian casualties in a series of blistering videos

  • Jordanian-American committee discusses trade, food security

    AMMAN, JORDAN -  The ninth session of the Joint Jordanian-American Committee, which was held in the United States, discussed cooperation...

    The Jordanian delegation urged US investors to enhance investment in the Kingdom.

    The delegation thanked US for its continuous support to Jordan in several sectors.

  • Iraqi PM, Lebanese minister discuss economic cooperation

    BAGHDAD, IRAQ -  Iraq Prime Minister Muhammad Shia'a Al-Sudani said that the country is continuing regional economic communication.A statement issued...

    Iraq Prime Minister said that the country is continuing regional economic communication.

    Iraq supports stability and economic growth for itself and other friendly nations

  • Japan, South Korea eye detente as North Korea threat looms

    Japan's Prime Minister Fumio Kishida said his "heart aches" for Koreans who suffered under colonialism, as Seoul and Tokyo seek...

    Tokyo and Seoul have long been at odds over historic issues linked to Japan's brutal 1910 to 1945 colonial occupation of the Korean peninsula.

    Bilateral ties were torpedoed in 2018, when South Korea's Supreme Court ordered Japanese firms to compensate the wartime victims of forced labor.