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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.
  • GCC rejects malicious media campaign targeting bloc

    Beside approving various programmes and joint projects, the region's information ministers discuss strategic plan for joint media cooperation between the...

    Beside approving various programmes and joint projects, the bloc's information ministers discuss strategic plan for joint media cooperation between the GCC countries.

    The ministers also approve cooperation projects between news agencies, electronic media and cooperation in the field of external media

  • EIC calls UAE as the leader in renewable energy sector

    London, UK --The Energy Industries Council (EIC), one of the world’s largest energy trade associations, has released a report on...

    An EIC report titled “UAE: EIC Country Report – November 2022”, highlights the UAE’s Hydrogen developments in the sector.

    “The UAE could be a key player and deliver 25 percent of the production of the global low-carbon hydrogen market by 2030,” the report said

  • Lebanon parliamentarians fail to pick President for seventh time

    Lawmaker Michel Moawad, who is seen as close to the United States, won the support of 42 of parliament's 128...

    Parliament is split between supporters of Hezbollah movement and its opponents, neither of whom have a clear majority.

    Lebanon's total contraction of 37.3 percent in real GDP since 2018, among the worst the world has seen, has already wiped out 15 years of economic growth.

  • UN rights council orders international probe of Iran crackdown

    With 25 votes in favour, six opposed and 16 countries abstaining, the UN's highest rights body agreed to create an...

    Iran denounced the move. "Europe and the US lack the moral credibility to preach... on human rights," said Khadijeh Karimi, Iran deputy of the vice president for women.

    UN rights chief Volker Turk said he had offered to visit Iran but had received no response from Tehran.

  • ADFD to finance building, upgrade of water projects in Argentina

    Abu Dhabi, UAE---Abu Dhabi Fund for Development (ADFD) will finance a water project in Cordoba province of Argentina under an...

    Costing, $28.8 million, the project will see building of modern water plants and expanding existing water stations in 26 villages of Cordoba province.

    The project will involve the laying of about 255-kilometer supply lines and establishing 14 new pumping stations and purification plants.

  • Jordan Minister calls for MENA-Europe electric connection project

    AMMAN, JORDAN - Jordan's Minister of Energy Saleh Kharabsheh stressed on the importance of conducting an electrical interconnection project to...

    Jordan's Minister said electric connection with Europe achieves integration by supplying the continent with relatively low-cost energy.

    He said that Jordan seeks to turn its electric power grid into a smart one.

  • Saudi Arabia storm closes schools, cuts main road to Makkah

    Riyadh, Saudi Arabia---Heavy rains in the Saudi coastal city of Jeddah on Thursday delayed flights, forced school suspensions and closed...

    Images posted to social media on Thursday showed standing water snarling traffic in Jeddah and partially submerging some vehicles.

    The city's King Abdulaziz International Airport said that "due to weather conditions, the departure of some flights has been delayed" and urged passengers to contact carriers.

  • Gas price cap divides EU energy ministers’ meeting

    BRUSSELS, BELGIUM - EU energy ministers met Thursday to debate measures to mitigate the energy crunch in Europe but were...

    They were to discuss a proposal by the European Commission, unveiled just two days earlier, that would set a cap on gas prices at 275 euros per megawatt hour.

    Many members complained that the plan comes with such conditions attached that it was designed never to be used.

  • Morocco king discusses Western Sahara with UN chief

    The King of Morocco Mohammed VI has reaffirmed its position on the Western Sahara dispute to UN Secretary-General Antonio Guterres...

    The UN confirmed that Guterres and the monarch had discussed "the situation in the region and, in particular, in Western Sahara"

    Last year, Guterres appointed Italian-Swedish diplomat Staffan de Mistura as his personal envoy for Western Sahara, in an attempt to revive the stalled peace process

  • Iraq to deploy forces along border with Iran and Turkey

    Responding to Iranian calls for the deployment of border guards, Iraq will redeploy federal guards along its border with Iran...

    The initiative will be "in coordination with the government of the Kurdistan region and the peshmerga ministry", the statement added

    Ankara launched a campaign of air strikes targeting Kurdish forces across parts of Iraq and Syria as part of Operation Claw-Sword, following the Istanbul blast