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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.
  • UN report warns global food crises likely to increase

    ROME, ITALY - The world's ability to nourish its burgeoning population is under threat and without broader socioeconomic and environmental...

    The report identifies the issues at stake and the threats and problems that have an impact on future food consumption and agrifood production.

    The report urges decision makers to think beyond short term needs.

  • ABB to pay US$315m fine

    Two affiliates of ABB pleaded guilty to bribery charges.

    Two affiliates of ABB each pleaded guilty to one count of conspiracy to violate the US Foreign Corrupt Practices Act

    In October eight people, including former Eskom CEO Matshela Koko, were arrested on corruption charges linked to the ABB work.

  • Ukraine welcomes Russian oil price cap agreed by EU, G7

    Ukraine welcomed a US$60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy"...

    Poland had refused to back the price cap plan over concerns the ceiling was too high.

    The embargo will prevent shipments of Russian crude by tanker vessel to the EU, which account for two thirds of imports.

  • US unveils high-tech B-21 stealth bomber

    PALMDALE, UNITED STATES - The United States on Friday unveiled the B-21 Raider, a high-tech stealth bomber that can carry...

    Many specifics of the aircraft are being kept under wraps.

    The plane will offer significant advances over existing bombers in the US fleet.

  • Envoy eyes more cooperation, $6.32bn bilateral trade this year as UAE-Belgium ties mark 51st anniversary

    Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian...

    Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian ambassador to the UAE Antoine Delcourt tells TRENDS

    More than 100 Belgian companies are operating in the UAE. People-to-people contacts are flourishing also in arts, culture and sports, says the Belgian ambassador

  • US warns Turkey against disrupting its military operation in Syria

    While acknowledging Ankara's security concerns in northeast Syria, the US has warned Turkey not to create impediments in its operations...

    White House National Security Council spokesman John Kirby said that while "Turkey does have a right to defend itself," the operations carry a heavy risk

    He noted that the "strategic level" of cooperation with SDF forces was not in danger

  • G7, EU agree oil price cap to reduce Russia war funding

    The price cap is designed to make it harder to bypass the sanctions by selling beyond the EU. Poland's ambassador...

    The price cap, negotiated between the G7 group and the European Union, will come into effect with an EU embargo on Russian crude oil from Monday

    The embargo will prevent shipments of Russian crude by tanker vessel to the EU, which account for two thirds of imports

  • Energy crisis driving climate-friendly power savings, says IEA

    PARIS, FRANCE - Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential"...

    Governments have scaled up fossil fuel subsidies to cushion the impact of rising energy costs on households in the wake of the Ukraine conflict.

    According to the IEA research, governments, industry and households invested a record $560 billion this year in energy efficiency measures.

  • Supporting India’s G20 presidency is a priority for UAE, says Minister

    The UAE's Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan has said that the Gulf...

    The UAE will work towards a world where human progress is an inalienable right for all.

    The UAE views the G20 as a forum that plays a critical role in multilateral efforts.

  • EU gives US$131 million to WHO Universal Health Coverage Partnership

    GENEVA, SWITZERLAND - The World Health Organization (WHO) and the European Commission agreed on reinforcing a decade-long collaboration to accelerate...

    EU contribution will focus on strengthening health systems to make them more resilient and responsive to natural, climate or human-made disasters.

    The partnership with WHO is a key deliverable of the new EU Global Health Strategy adopted by the European Commission.