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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.
  • Egypt’s Sisi meets UAE leader amid economic woes

    Cairo's foreign reserves fell by about 20 percent in one year to $34.45 billion -- about $28 billion of which...

    Sisi has been courting Gulf leaders as Egypt grapples with economic turmoil that has seen inflation shoot up to nearly 34% and the local currency halve in value

    Egypt was hit hard by the impact of Russia's invasion of Ukraine last year, having heavily relied in wheat imports and revenues from tourism from both countries

  • Interest rate hikes adversely affect developing countries, says UN

    The global economic slowdown and swelling interest rates are pummeling debt-ridden developing countries, the UN warned, urging bold global action...

    Rate increases in the US and other wealthy countries may cost developing countries over US$800 billion in lost income by 2025.

    UNCTAD said it now expected global GDP growth of 2.1 percent in 2023, down from 2.2 percent it forecast in September last year.

  • Global debt growing due to US, China, says IMF 

    Global government debt is on track to reach levels not seen since the height of the COVID-19 pandemic, the International...

    In the US, government debt as a percentage of economic output is expected to surpass its pandemic-era peak by 2027.

    China's debt burden is forecast to be almost double its pre-pandemic levels by 2028, the IMF said.

  • Saudi Crown Prince receives US NSA call amid advancing Saudi-Iran detente

    The two leaders talked about de-escalation in the region and maintaining deterrence against threats from Iran and elsewhere.

    Sullivan commended the progress made in Yemen over the past year and welcomed Saudi efforts towards a roadmap for ending the conflict

    The two leaders also talked about de-escalation in the region and maintaining deterrence against threats from Iran and elsewhere

  • Facing criminal charges, Trump vows to ‘never’ drop presidential bid

    The Republican real estate magnate, who is facing 34 felony counts in New York over alleged hush money paid to...

    Trump, 76, in his first major interview since being arrested last week, cast doubt on whether Democrat Biden, 80, would be in the 2024 race

    Right wing outlets like Fox News frequently highlight Joe Biden's verbal flubs, and moments where he appears to have lost his train of thought

  • UAE Federal National Council speaker, Chinese Ambassador, discuss bilateral ties

    Abu Dhabi, UAE -- Speaker of the UAE Federal National Council (FNC) Saqr Ghobash, and the Chinese Ambassador to the...

    The two sides discussed a range of issues of mutual concerns, and ways of developing the overall bilateral ties between the two countries

    Ghobash said that the bilateral cooperation between the UAE and China is a model of an ideal partnership based on friendship and mutual respect

  • Israeli forces kill two Palestinians in occupied West Bank

    Jerusalem, Undefined - Israeli forces killed two Palestinians in the occupied West Bank on Tuesday, Israel's defense minister Yoav Gallant said."I...

    A senior Palestinian official told AFP that he had been informed of the death of the two Palestinians, who were not immediately identified.

    Violence has surged in the region over the last week as the Muslim fasting month of Ramadan, Jewish Passover and Christian Easter coincided.

  • 9 Arab nations to discuss Syria ties at Saudi Arabia meet on Friday

    Syria's President Bashar al-Assad, diplomatically isolated since the start of the Syrian war in 2011, has visited the UAE and...

    Saudi Arabia announced last month that it has started talks with Damascus about resuming consular services.

    Syria was expelled from the Arab League over the crackdown on pro-democracy protests that unleashed the war.

  • Yemen prisoner swap to start Thursday as peace hopes rise

    Nearly 900 prisoners, most of whom were fighting with Houthi rebels, will be flown between Yemen and Saudi Arabia, which...

    Houthis will release 181 prisoners, including Saudis and Sudanese, in exchange for 706 detainees held by government forces, according to a pact reached last month in Switzerland.

    Yemen's six-month, UN-brokered truce that officially lapsed in October is still largely holding, providing respite for a population of 30 million that is mostly dependent on aid.

  • Germany to shut down last three remaining nuclear plants

    At a time when many Western countries are ramping up nuclear power in their transition to greener energy sources, Europe's...

    The exit decision was popular in a country with a powerful anti-nuclear movement fuelled by fears of Cold War conflict and disasters such as Chernobyl

    The three final nuclear plants provided six percent of Germany's energy last year, compared with 30.8 percent from all nuclear plants in 1997