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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.
  • Egypt court cuts sentence of Ismail Alexandrani, security expert

    Advocacy groups say there are currently about 60,000 political prisoners in the country, an issue that rights groups hope to...

    In 2018, Ismail Alexandrani was sentenced to 10 years in prison, accused of publishing military secrets and belonging to the banned Muslim Brotherhood

    Egypt, the Arab world's most populous country with 104 million residents, draws regular criticism over its rights record

  • Australia strikes down recognition of Jerusalem as Israeli capital

    Striking down the previous government's decision to recognize West Jerusalem as Israel's capital, Australia has said the city's status should...

    In 2018 a conservative government led by Scott Morrison followed former US president Donald Trump's lead in naming West Jerusalem as the Israeli capital

    Palestinians claim the eastern part as the capital of a future Palestinian state

  • Morocco arrests 25 more migrants after June border tragedy

    The arrests are the latest after courts handed heavy prison sentences to several dozen people, many from Sudan, on charges...

    On June 24, some 2,000 mostly Sudanese migrants attempted to enter the enclave by force

    At least 23 people died in the attempt, the worst toll in years of such attempted crossings

  • US officials not invited to Saudi investment forum: organiser

    The organizer said he did not want the gathering "to become a political platform". The decision not to invite American...

    The Future Investment Initiative (FII), a three-day conference set to begin on Oct 25 in Riyadh, typically draws Wall Street titans and high-ranking officials from around the world

    Up to 400 American CEOs are expected to participate this year, said Richard Attias, CEO of the group behind the event. It is often referred to as "Davos in the Desert".

  • UAE, Chile ink pact to exchange knowledge on energy sector

    UAE's Ministry of Energy and Infrastructure signed a Memorandum of Understanding with its counterpart in Chile to exchange knowledge and...

    Under the agreement UAE and Chile will exchange information, knowledge and expertise, hold high-level meetings to discuss issues.

    The two sides will organise relevant academic research and enhance their cooperation in clean and renewable energy.

  • UAE calls Borrell’s ‘jungle’ remark as ‘racist and disappointing’

    "Borrell’s remarks are a disappointing development that comes at a time when all parties are aware of the importance of...

    Borrell said in a speech in Bruges, Belgium that “Europe is a garden, but most of the rest of the world is a jungle, and the jungle could invade the garden”.

    The UAE asked the Office of the High Representative to "provide a written explanation of the High Representative’s hurtful and discriminatory comments".

  • New Kuwaiti government sworn in after political crisis

    Kuwait's crown prince swore in a new government, less than a month after the emirate held parliamentary elections in which...

    The new government team, led by Prime Minister Sheikh Ahmed Nawaf al-Ahmed Al-Sabah comes after lawmakers objected to an initial line-up in early October.

    The new government will be tasked with dealing with "priority issues" such as development, investments and the fight against corruption.

  • Will immediately respond to new EU sanctions, says Iran

    Iran vowed an "immediate" response to the European Union as it prepares new sanctions on the Islamic republic after over...

    Iran will "decide and act immediately in accordance with the decisions and actions" taken by EU member countries.

    Iran has been rocked by demonstrations since the death of 22-year-old Amini and a crackdown on protesters.

  • UAE contributes $25 million toward Al Makassed Hospital in East Jerusalem

    Abu Dhabi, UAE---The United Arab Emirates will contribute $25 million toward Al Makassed Hospital in East Jerusalem in collaboration with...

    At Al Makassed Hospital , it is expected that more than 130,000 people will benefit from its health services.

    Sultan Mohammed Al Shamsi, Assistant Minister of Foreign Affairs, said the agreement reflected UAE's historic commitment to Palestinians.

  • Credit Suisse to pay US$495m to settle legacy case

    It has agreed to pay $495 million as part of a deal reached with US prosecutors in a long-running dispute...

    In the claim filed in 2013, Credit Suisse was criticized for not having provided sufficient information on the risks relating to $10 billion of mortgage-backed securities

    Last year, Credit Suisse paid $600 million to financial guarantee insurer MIBA to settle other long-running litigation connected to the US subprime mortgage crisis