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Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

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.
  • New Iraq PM sacks senior officials days after confidence vote

    Seeking to consolidate his position, Iraq's Prime Minister Mohammed Shia al-Sudani has sacked several senior officials appointed by his predecessor,...

    The officials dismissed were not identified, but a government source told AFP that intelligence chief Raed Jouhi was among them

    Iraq is ranked 157 out of 180 in Transparency International's corruption perceptions index

  • Abu Dhabi, Kyrgyzistan’s Bishkek City sign twinning agreement

    Abu Dhabi, represented by Abu Dhabi's Department of Municipalities and Transport, and Bishkek City have signed a twinning agreement to...

    As part of the city twinning agreement, the two capital cities will enable mutual exchange between delegations and the business community.

    The pact will also facilitate exchange of knowledge in urban planning and explore the feasibility of joint venture projects.

  • Egypt president invites incoming Brazilian president Lula to COP27

    Luiz Inacio Lula da Silva's victory over climate-skeptic Jair Bolsonaro has raised hopes for the battle against global warming. Election...

    More than 90 heads of state and government -- including US President Joe Biden -- are set to converge on the Egyptian resort town between November 6 and 18.

    Climate scientists and environmentalists have repeatedly noted that the outcome of last week's Brazilian election would have huge stakes for the planet.

  • UAE Minister, IMF Director discuss challenges facing MENA

    UAE Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met with Director of the Middle East and Central...

    The minister underscored the importance of the IMF in enhancing the safety of the global economy.

    He said that the IMF helps in creating a stable financial environment, especially in light of the exceptional circumstances the world is facing.

  • ENEC, Atlantic Council sign three-year nuclear cooperation pact

    Abu Dhabi, UAE--- The Emirates Nuclear Energy Corporation (ENEC) has signed a three-year agreement with the Atlantic Council to collaborate...

    The Atlantic Council is a US-based think tank, and home to the Global Energy Centre, one of the leading US energy centers for promoting energy security.

    The collaboration will see ENEC and the Atlantic Council join forces to support the Council’s new Nuclear Energy Policy Initiative.

  • Global stocks rise on Fed optimism, zero-Covid China policy reports

    Global stock markets rose as traders looked to the US Federal Reserve's interest rate decision hoping it will signal a...

    Recent reports have suggested officials are looking to dial down the pace of increases, which has sparked a rally in risk assets over the past week.

    Positive results from multinational firms also helped lift equities.

  • JAHEZIYA, Enekom ink pact

    Pact aims to expand railway solutions, technology in region.

    As per the agreement, JAHEZIYA will be Enekom’s exclusive distributor of the patented RailAcoustic Sensors in the GCC to enhance railway security.

    The partnership was announced during ADIPEC, an exhibition in which the world’s energy ecosystem assemble.

  • UAE-US partnership to spur $100 bn clean-energy financing, development

    The Partnership for Accelerating Clean Energy will see the two countries develop, finance and deploy clean projects in the US,...

    UAE Special Envoy for Climate Change Dr. Sultan Al Jaber and Special Presidential Coordinator Amos Hochstein signed the partnership at ADIPEC.

    They will accelerate investment in fossil fuel emissions mitigation; further develop CCUS technologies and advance methane measurement and management.

  • EU presidency says sanctions may next target Belarus

    The Czech prime minister, whose country holds the rotating EU presidency, said the bloc may look at sanctions on Belarus...

    The EU has imposed sweeping sanctions against Russian industry and individuals.

    Certain sanctions against Belarus are already in place, but EU can't have Belarus joining Russia's policy, says the Czech prime minister.

  • Lebanon now without president as Michel Aoun’s mandate expires

    Aoun's six-year term, that came to a close on Sunday, was marred by mass protests, a painful economic downturn and...

    Today, headed by a caretaker government, Lebanon is unable to enact the reforms needed to access billions of dollars from international lenders to help save the economy.

    Aoun signed on Sunday a decree formalising the resignation of premier Najib Mikati's government, in a caretaker role since legislative elections in May.