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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.
  • EU head says bloc must act over US climate plan changes

    EU chief Ursula von der Leyen said the bloc must act to address "distortions" created by Washington's $430-billion plan to...

    EU countries have poured criticism on Washington's landmark Inflation Reduction Act, seeing it as anti-competitive and a threat to European jobs

    The act, designed to accelerate the US transition to a low-carbon economy, contains around $370 billion in subsidies for green energy as well as tax cuts

  • OPEC+ to maintain current output level amid uncertainty

    Major oil-producing countries led by Saudi Arabia and Russia agreed to maintain their current output levels. Representatives of 13 members...

    OPEC+ decided to stick to their course agreed in October of a production cut of two million barrels per day until the end of 2023.

    On Friday, the EU, G7 and Australia agreed a $60-per-barrel price cap on Russian oil, which will come into effect on Monday.

  • Jordan, India explore economic cooperation

    AMMAN, JORDAN - Jordan's Minister of Investment Kholoud Saqqaf on Sunday received Indian ambassador in Amman Anwar Haleem for a...

    The minister briefed the envoy on the investment climate in the Kingdom and potential opportunities in various sectors.

    She emphasized business-friendly legislation and simplified government service delivery.

  • Herzog becomes first Israeli president to visit Bahrain

    Israeli President Isaac Herzog arrived in Bahrain, the first visit by an Israeli head of state to the small Gulf...

    Accompanied by an economic delegation, Herzog said he would discuss "ways to strengthen our economic cooperation".

    Herzog said he would then travel to UAE's capital Abu Dhabi.

  • Iran says morality police abolished as Mahsa Amini protests continue

    The morality police -- known formally as the Gasht-e Ershad or "Guidance Patrol" -- were established under president Mahmoud Ahmadinejad,...

    Women-led protests, labelled "riots" by the authorities, swept Iran since the 22-year-old Iranian of Kurdish origin died on Sept. 16, three days after her arrest by the police.

    "Morality police have nothing to do with the judiciary" and have been abolished, Attorney General Mohammad Jafar Montazeri was quoted as saying by the ISNA news agency.

  • Jordan and Egypt agree to expand bilateral relations

    Cairo, Egypt—King Abdullah of Jordan and Egyptian President Abdel Fattah El Sisi have expressed desire to further expand bilateral relations...

    During the meeting, held at Al Ittihadiya Palace, both leaders expressed pride in the ties between the two countries and keenness to bolster relations

    Talks also covered the latest regional and international developments, with both sides stressing the need to maintain coordination and consultation on issues of mutual concern

  • Israel launches air strikes at Gaza after rocket fired from enclave

    Gaza City, Palestinian Territories— The Israeli air force said it had carried out overnight air strikes against sites of the Islamist...

    The army said a few hours later it had targeted a Hamas military post in response to fire from the Gaza Strip against Israeli warplanes

    A surge in bloodshed in the occupied West Bank has sparked international criticism of the Israeli army for its use of lethal force against Palestinian civilians

  • Iran begins work on new nuclear power plant

    With talks suspended over a nuclear deal between Iran and the Western countries, Islamic Republic has begun the construction of...

    Under a landmark deal struck in 2015, Iran agreed to mothball its Fordo nuclear plant and limit its enrichment of uranium to 3.67 percent

    But the deal crumbled in 2018 when then US president Donald Trump pulled Washington out of the agreement and reimposed crippling economic sanctions

  • Kremlin rejects $60 oil cap Ukraine says will ‘destroy Russia’s economy’

    The $60 oil price cap will come into effect on Monday or soon after, alongside an EU embargo on maritime...

    The $60 oil price cap will come into effect on Monday or soon after, alongside an EU embargo on maritime deliveries of Russian crude oil.

    The embargo will prevent seaborne shipments of Russian crude to the European Union, which account for two thirds of the bloc's oil imports.

  • Iran reviewing mandatory headscarf law: ‘Results in a week or two’

    The Union of Islamic Iran People Party, formed by relatives of former reformist president Mohammad Khatami, on Saturday demanded the...

    The hijab headscarf became obligatory for all women in Iran in April 1983, four years after the Islamic Revolution that overthrew the US-backed monarchy.

    Protests have swept Iran since the Sept. 16 death in custody of Mahsa Amini, an Iranian of Kurdish origin arrested by the morality police for allegedly flouting the dress code.