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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.
  • Iran retaliates to European Union sanctions over protest crackdown

    Iran's foreign ministry announced in a statement sanctions against eight institutions and 12 individuals based in the EU for "supporting...

    Street violence has rocked Iran since Amini's death on September 16, three days after she was arrested by the morality police.

    The EU on October 17 imposed sanctions against the morality police and 11 officials including Iran's telecommunications minister.

  • Gas production starts at Karish field day before expected Israel-Lebanon deal

    Jerusalem---Gas production has started at Karish, an offshore field at the centre of a maritime border deal between Israel and...

    The announcement comes a day before Lebanon and Israel are expected to sign their maritime deal, following lengthy negotiations mediated by Washington.

    Energy assets were fiercely contested in the talks, with Israel ultimately securing full rights over Karish as part of the accord.

  • Saudi PIF to establish five companies for investments in five Arab countries

    The five companies, together with Saudi Egyptian Investment Company (SEIC), a wholly-owned PIF subsidiary that was launched in August 2022,...

    The announcement was made on the second day of the 6th Edition of the Future Investment Initiative, where top CEOs, investors and world leaders are participating.

    The companies will invest in various key sectors, including but not limited to, infrastructure, real estate development, mining, healthcare and financial services.

  • Aramco chief at FII6: World needs realistic, optimal energy transition plan

    "The current transition plan isn't working. We are still dependent on coal. We need to have a new consensus on...

    Lord Adair Turner, chair of the Energy Transitions Commission, said Europe was burning more coal this year as it is shot of gas, but transition towards renewables is ongoing.

    Saudi Finance Minister Mohammed Al Jadaan said there is more thinking about renewable energy and a realization that the transition to renewables is not going to take place soon.

  • Israel shares intel with US on Iran drones in Ukraine

    Calling for tough action against Iran, president of Israel has shared intelligence with the United State to prove that Tehran...

    Antony Blinken said he would speak to Herzog about "the real concern that we have about the violence that we're seeing on the West Bank"

    Israel has not been willing to provide Ukraine with the Iron Dome, its state-of-the-art defensive air umbrella developed with the United States

  • Mass funerals after Israeli raids on West Bank militants kill six

    The Palestinian health ministry said five people were killed in Nablus in the northern West Bank, where Israel confirmed an...

    Israeli Prime Minister Yair Lapid said that "the head" of the Lions' Den, was among those killed

    US Secretary of State Antony Blinken said the US had "real concern" over the West Bank violence

  • Libya signs two defense deals with Turkey

    Libya has signed two defense deals with Turkey, building on a 2019 agreement that had seen the latter claim large...

    The latest deals come three weeks after Turkey's Foreign Minister Mevlut Cavusoglu signed a deal in Tripoli allowing for oil and gas exploration in Libya

    The agreement was rejected by a rival administration in the war-torn country's east, as well as neighboring Egypt

  • Gulf war couldn’t have been won without Kingdom’s support, says Saudi Energy Minister

    Saudi Arabia is engaged with many European governments with regards to the current energy crisis, says Prince Abdulaziz bin Salmanat...

    Saudi Arabia is engaged with many European governments with regards to the current energy crisis, says Prince Abdulaziz bin Salmanat at FII Forum in Riyadh

    Saudi Arabia has a lot to showcase in terms of Green initiatives at COP27, he said, adding that the Kingdom will announce several new projects in the field of energy

  • Saudi Arabia key place for solutions to global supply chain issues, says investment minister Khalid Al Falih

    Saudi Investment Minister was speaking at the Sixth Edition of the Future Investment Initiative, hailed as 'Davos in the Desert',...

    George Osborne, Former First Secretary of State, UK said the US and China need to find a way to work together in order to make the world a better place.

    Some rules and policies that came into existence post WW II are not fair to many Asian and African nations, said Senegal's president Macky Sall.

  • GCC, S. Korea begin sixth round of talks on free trade agreement

    SEOUL, SOUTH KOREA - The sixth round of revived negotiations between the Riyadh-based Gulf Cooperation Council (GCC) and the Republic...

    GCC and South Korea expressed readiness to advance discussions on a free trade agreement after a 13-year suspension.

    The agenda of the sixth round include trade in goods and services, investment, digital trade, and intellectual property rights.