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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.
  • Biden faces tough options with Saudis after OPEC+ oil price hike

    US National Security Advisor Jake Sullivan told CNN on Sunday that Biden would "act methodically, strategically" in re-evaluating US-Saudi relations,...

    Saudi Arabia has insisted the OPEC+ decision was purely economic and said US weapons sales serve both countries' interests

    The Biden administration has voiced openness to retaliatory measures in Congress by enraged fellow Democrats

  • President Raisi of Iran accuses Joe Biden of “inciting chaos”

    Accusing the US President Joe Biden of "inciting chaos" after he expressed support for protests in Iran, President Ebrahim Raisi...

    The street violence has led to dozens of deaths, mostly among protesters but also among the security forces, and hundreds have of demonstrators been arrested

    Biden had said Friday that "we stand with the citizens, the brave women of Iran

  • DEWA’s Jebel Ali plant enters Guinness World Records for second time

    It was named as the Largest Single-Site Water Desalination Facility in the World by the Guinness World Records.

    The plant has the production capacity of 490 million Imperial Gallons of water per Day, which is equivalent to 2,227,587 Cubic Metres per Day.

    DEWA aims to increase its SWRO production capacity to 303 MIGD by 2030, reaching 42 percent instead of its current share of 13 percent.

  • Iraq investigates $2.5 billion ‘theft’ from tax agency

    The anti-corruption commission announced Sunday it has launched an investigation and said in a statement that it will provide the...

    The finance ministry's probe uncovered a theft of 3.7 trillion Iraqi dinars (about $2.5 billion) from the account of general commission for taxes at Rafidain Bank

    Iraq ranks 157 out of 180 countries in Transparency International's corruption perceptions index and criminal charges are rare in the country

  • IMF and Tunisia reach agreement on $1.9 billion loan

    The agreement in principle, reached between IMF staff and Tunisian authorities meeting this week in Washington, still requires the approval...

    Under a four-year accord, Tunisia has committed to undertake a "comprehensive economic reform program" as the country gets access to the money.

    On Saturday, thousands of people took to the streets of Tunis and protested against the policies of President Kais Saied who seized power last year.

  • Finance Ministers of UAE, India discuss trade, economic ties

    UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini met with India's Minister of Finance Nirmala Sitharaman...

    The meeting sought to discuss means of boosting mutual cooperation between UAE and India in areas of common interest.

    The meeting deliberated the priorities set by India in its upcoming G20 presidency and the ways the UAE can support them.

  • Biden has ‘no plans’ to meet Saudi Crown Prince at G20 summit: US

    Stormy US-Saudi relations have seen new strain over Riyadh's recent support for oil production cuts, with Biden warning of unspecified...

    The move was widely seen as a diplomatic slap in the face, since Biden traveled to Saudi Arabia in July and met with the crown prince.

    The Biden administration has voiced openness to retaliatory measures in Congress by enraged Democrats,. Saudis defended the move as motivated purely by economics.

  • Saudi Arabia and S. Africa to deepen ties in several fields

    The agreement would result in partnership in encouraging direct investment, communications and information technology, exploring the establishment of a joint...

    An agreement was signed between the two countries during the presence of Saudi's Crown Prince & Prime Minister and South Africa's President

    The agreement contains cooperation and exchange of news between the Saudi Press Agency (SPA) and the state-run South African News Agency.

  • Iran says situation ‘under control’ after ‘trouble’ at prison

    Tehran, Iran - "Troubles" erupted between inmates and guards at Tehran's Evin prison and a fire broke out but the situation...

    "Troubles and clashes took place on Saturday night" in the prison and "rioters" started a fire, local news agency said

    At least eight people were injured, but "the situation is currently completely under control," said the security source.

  • GCC and UK hold first round of talks on Free Trade Agreement

    The British government said the Free Trade Agreement is a major economic opportunity and plays a key role in the...

    The two sides discussed Free Trade Agreement's goals and the exchange of technical information in 29 areas.

    More than 100 British negotiators representing different sides of the British government participated in the round.