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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.
  • Israelis vote as Netanyahu seeks return to power

    Such a scenario has led to despondency among many Arab-Israelis -- who make up around 20 percent of the population...

    The latest ballot follows the collapse of the so-called "change" coalition, which united eight disparate parties

    The extreme-right leader Itamar Ben-Gvir may be key to helping Netanyahu return to the premiership

  • Algeria hosts first Arab summit since Israel normalisation deals

    Since the last Arab League summit in 2019, several members of the 22-member bloc -- for decades a forum for...

    The main roads of Algiers have been decked out with Arab flags and huge billboards welcoming "brother Arabs."

    remains a steadfast supporter of the Palestinians, even mediating a reconciliation deal in October between rival Palestinian factions Fatah and Hamas

  • Biden threatens tax hit for ‘war profiteering’ oil giants

    His comments came days after oil giants ExxonMobil and Chevron reported bumper earnings, reflecting how a surge in crude prices...

    Biden said companies have a "responsibility to act" beyond the narrow self-interest of executive shareholders

    Hefty profits reported earlier by TotalEnergies and Shell have also reignited a European debate on windfall profits taxes

  • CIA among targets of new Iran sanctions on US

    The Islamic republic has been rocked by protests since the death in custody of Mahsa Amini on September 16, following...

    It comes days after the US placed more than a dozen Iranian officials on its sanctions blacklist for the crackdown on protests

    The sanctions include bans on issuing visas and entry to Iran, as well as "freezing their money and assets under the jurisdiction of the Islamic republic of Iran."

  • ILO says global crises will lead to a fall in labor market

    The war raging in Ukraine and other overlapping crises are taking a toll on labor markets worldwide, the UN said,...

    In a fresh report, the International Labor Organization cautioned that the outlook for global labor markets has deteriorated in recent months.

    It also warned that excessive policy tightening could cause "undue damage to jobs and incomes in both advanced and developing countries."

  • Saudi Arabia, UAE say global investments required for oil production

    Saudi Arabia and the United Arab Emirates said the world needs to keep investing in oil production, just days before...

    Sultan Al Jaber, the head of UAE oil giant ADNOC, warned that under-investment could cause a shock to the world economy

    Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said the Gulf countries were both increasing production capacity.

  • UAE, Kyrgyz Presidents review bilateral relations

    ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan Monday received President of the Kyrgyz Republic Sadyr Japarov,...

    UAE and Kyrgyzstan affirmed their common interest in enhancing bilateral relations.

    The meeting explored various opportunities of the UAE- Kyrgyz friendship and affirmed to further cooperation in economy, trade.

  • Ukraine grain exports resume despite Russian pullout from landmark deal

    As one of the brokers of the grain deal, Turkey has stepped up diplomacy with the two warring countries in...

    Turkey's defence minister Hulusi Akar said talks were under way with the relevant parties for the agreement to remain in place.

    Ukraine, one of the world's largest grain exporters, was forced to halt almost all deliveries following Russia's invasion in late February.

  • Nedaa, Nokia ink 5G deal in Dubai

    5G network will help Nedaa provide better services.

    With the introduction of 5G, Nedaa will be able to support enhanced services for public safety and management of vital operations.

    The MoU sets a framework for upgrading the existing network capabilities and introducing agile and advanced services.

  • ADNOC sets Upstream Methane Intensity target of 0.15 percent by 2025

    Abu Dhabi, UAE--- Abu Dhabi National Oil Company (ADNOC) announced on Monday that it has set a new Upstream Methane...

    ADNOC’s 0.15 percent methane intensity target means ADNOC will be ranked in the Gold Standard category by the Oil and Gas Methane Partnership 2.0 (OGMP 2.0.

    Oil and Gas Methane Partnership 2.0 (OGMP 2.0 is a a multi-stakeholder initiative launched by the United Nations Environment Program (UNEP) and the Climate and Clean Air Coalition.