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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.
  • Dialogue best way to resolve differences with Iran: Prince Faisal

    There is a need to find a route to ending the Russia-Ukraine conflict, otherwise global uncertainty would continue. "This is...

    Saudi Arabia has been trying to find a path to dialogue with Iran as the best way to resolve differences, says the Kingdom’s Foreign Minister

    Saudi Prince Faisal bin Farhan adds that his country is working to stabilize energy security in the region and across the globe

  • Erdogan signals Turkey general polls might be held a month ahead

    Analysts believe that Erdogan's office is looking for a perfect moment at which his own voters are more likely to...

    Erdogan and his Islamic-rooted party have ruled Turkey for two tumultuous decades that have seen years of economic booms and busts

    His secular opposition enters the campaign divided over everything from policy to strategy and has not agreed on a candidate

  • UN chief calls for urgent actions as world faces Category 5 storm

    Davos-Klosters, Switzerland – UN Secretary-General Antonio Guterres, in a wide-ranging address that touched on the most critical issues facing the...

    On climate change, he called on world leaders to put forward credible and transparent transition plans to achieve net-zero emissions.

    He also said a “morally bankrupt financial system” is amplifying systemic inequalities.

  • CEOs back unlocking Africa free trade area’s $3.4 trillion potential

    Davos-Klosters, Switzerland-- African heads of state and global CEOs at the World Economic Forum Annual Meeting backed the launch of...

    The AfCFTA is the largest free trade area in the world, by area and number of participating countries.

    Conceived in 2018, it now has 54 national economies in Africa, could attract billions in foreign investment.

  • Geopolitical instability may lead to catastrophic cyberattack: Report

    Over 93 percent of cybersecurity experts and 86 percent of business leaders believe “a far-reaching, catastrophic cyber event is likely...

    The Global Cybersecurity Outlook 2023 findings were based on surveys, workshops and interviews with over 300 experts and C-suite executives.

    Half of the companies surveyed said the current landscape is making them re-evaluate the countries in which their organization does business.

  • Curbing oil dependency Saudi priority, says Economy Minister

    Despite its goal of achieving net zero carbon emissions by 2060, the country remains hugely dependent on crude oil exports...

    Soaring crude prices following Russia's invasion of Ukraine allowed Saudi to post in 2022 its first budget surplus in nine years, giving it firepower for economic development.

    And at Davos, Saudi officials announced a joint initiative with the Davos forum organizers to accelerate high-tech innovation in the country via the metaverse.

  • Morocco says to boost military ties with Israel

    It followed the United States' recognition of Moroccan sovereignty over the disputed Western Sahara region, in a quid pro quo...

    The two countries agreed to further strengthen cooperation and expand it to other areas, including in intelligence, air defence and electronic warfare

    The announcement on Tuesday follows the first meeting of the monitoring committee for Moroccan-Israeli defence cooperation in the Moroccan capital

  • Tunisia president’s former top aide jailed in absentia, say media reports

    TUNIS, TUNISIA - Tunisian President Kais Saied's former chief of staff was sentenced in absentia on Tuesday to prison over audio...

    Nadia Akacha had been a key aide to Saied until she quit in January last year, citing "fundamental differences of opinion" over the national interest.

    A constitutional lawyer like the president, she was appointed as Saied's legal adviser in late 2019 before becoming his chief of staff in January 2020.

  • European Union takes on US, China over clean tech in Davos

    European Commission President Ursula von der Leyen slammed what she described as "aggressive attempts" to convince Europe's clean technology operations...

    "China subsidies its industry and restricts access to its market for EU companies," she said, warning the EU would "not hesitate" to probe such aid that distorts the market.

    Speaking after von der Leyen, Chinese Vice Premier Liu He called for an end to "Cold War mentality" and repeated Beijing's opposition to "unilateralism and protectionism".

  • Abu Dhabi Department of Energy, Statistics Center sign data collaboration pact

    ABU DHABI, UAE - Statistics Center – Abu Dhabi (SCAD) and the Abu Dhabi Department of Energy (DoE) have signed...

    The pact was inked on the sidelines of the 15th edition of the Abu Dhabi Sustainability Week 2023.

    This is a part of a strategy to develop an advanced statistical ecosystem which provides high-quality statistics through a decentralized model.