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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.
  • GCC condemns German minister’s remarks on Doha World Cup

    The secretary general of the Gulf Cooperation Council condemned remarks by Germany's interior minister on the World Cup due to...

    GCC chief Nayef al-Hajraf expressed support for Qatar in a statement published on the council's website.

    The six-member Gulf bloc backs Doha in addressing any interference in its internal affairs, the GCC chief said.

  • Russia suspends participation in Ukraine grain deal

    Russia suspended its participation in a pact that allowed grain exports from Ukraine, blaming alleged drone attacks on Russian ships...

    The Turkey and UN-brokered deal to unlock grain exports signed between Russia and Ukraine in July is critical to easing the global food crisis caused by the conflict.

    Russia had recently criticized the deal, saying its own grain exports have suffered due to Western sanctions.

  • ‘EU froze Russian assets worth US$17bn since Ukraine war began’

    The European Union has frozen Russian assets worth around $16.9 billion since Moscow invaded Ukraine, EU Justice Commissioner Didier Reynders...

    The figure has risen from the roughly US$13.7 billion from oligarchs and other entities that the EU had frozen and announced in July.

    So far, the assets of 90 people worth more than $16.9 billion in seven members, including $2.1 billion in Germany, have been frozen.

  • Jordan to host renewable energy investment forum

    AMMAN, JORDAN - Amman is scheduled to host the Seventh International Investment Forum for Renewable Energy and Energy Efficiency in...

    The forum will discuss over three days many important and vital issues on various fields of renewable energy, energy efficiency, green hydrogen.

    The forum's themes will also cover innovative agricultural patterns, energy management, carbon trading.

  • Jordan cabinet reshuffle aims at modernization plans

    Jordan's cabinet reshuffle is a mandate for the government to work within the Kingdom's three modernization tracks, launched at the...

    The plans include political, economic and public sector modernization.

    The new tasks for the government are streamlining performance, improving public service, attracting investment and economic development.

  • After Israel, Lebanon eyes Cyprus maritime border deal

    Cyprus, which has aspirations of becoming a major energy player in the eastern Mediterranean, has a key exclusive economic zone,...

    In 2007, Lebanon and Cyprus signed an agreement to delineate their respective exclusive economic zones

    Neighbours Israel and Lebanon signed on Thursday a US-brokered agreement removing hurdles for natural gas production

  • Qatar summons German ambassador over minister’s comments

    Taking a serious note of German Interior Minister's comments casting doubt on whether the Gulf state should host the football...

    Faeser, in an interview with the ARD network aired Thursday, said that Qatar's hosting of the World Cup next month was "very tricky" for Germany

    This is the first time a foreign ambassador has been summoned over such comments

  • DFSA signs agreement with Bangladesh SEC

    DUBAI, UAE - The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with the Bangladesh Securities...

    The MoU was signed by Chief Executive of the DFSA Ian Johnston and Chairman of the BSEC Professor Shibli Rubayat Ul Islam Friday in Dubai.

    The agreement provides a framework for facilitating cross-border collaboration between the two bodies on supervision and enforcement actions.

  • GCC’s two biggest trade allies are Asians

    As the US is apparently pulling away from the Middle East, the cooperation between the Gulf and Asian regions is...

    Experts believe the US is pulling back from the Middle East and shifting its attention and resources to the "priority theatre" of the Indo-Pacific.

    But as the world recovers from the Covid-19 pandemic, the GCC countries are expected to play a more significant role in the ongoing Asianization of the global economy.

  • OMV Q3 net profit at $3.28bn amid high energy prices

    Revenue doubled year-on-year to US$17.1 billion.

    OMV has worked closely with Russian giant Gazprom until the invasion of Ukraine.

    Following European sanctions on Moscow, OMV froze its investments in Russia.