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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.
  • Russia-Germany oil pipeline partly shut after leak: operator

    The Druzhba (Friendship) pipeline network was started in the 1960s and now covers 5,500 kilometres, pumping oil from the Urals...

    The leak was detected late on Tuesday near the village of Zurawice about 180 kilometres (112 miles) to the west of Warsaw in central Poland

    PERN spokeswoman Katarzyna Krasinska was quoted by PAP news agency as saying that the pipeline was mainly supplying two refineries in Schwedt and Spergau in Germany

  • Second Israeli soldier shot dead within days as violence surges

    Violence has surged in recent months in the Israeli-Palestinian conflict, amid near daily West Bank raids and an uptick in...

    The shooting was claimed by "The Lions' Den", a loose coalition of Palestinian fighters which has emerged in recent months

    Defence Minister Benny Gantz vowed to "get our hands on the terrorist and those who helped him", writing on Twitter

  • Tunisian coastguard intercept about 200 migrants

    Nearly 200 migrants attempting to reach Europe across the Mediterranean Sea were intercepted by Tunisian coastguards over the weekend. In...

    More than 22,500 migrants have been intercepted off the Tunisian coast since the start of the year, around half of them from sub-Saharan Africa

    According to EU border agency Frontex, between January and July more than 42,500 migrants used the central Mediterranean route -- the world's most deadly

  • UAE President Sheikh Mohamed holds talks with President Putin

    UAE President Sheikh Mohamed bin Zayed Al Nahyan has called for peace during his meeting with Russian President Vladimir Putin...

    Sheikh Mohamed "emphasised the UAE's policy of supporting peace and stability and called for the continuation of serious consultations to resolve the Ukrainian crisis"

    The two leaders also discussed various aspects of UAE-Russia relations.

  • UN terms detention of Moroccan journalist “arbitrary”

    The UN experts said publishing the column was a matter of freedom of expression, and concluded that he had been...

    Raissouni was jailed on appeal for five years in February, one of several journalists critical of Morocco's government to have been imprisoned for sex crimes

    He was arrested two days after publishing an editorial criticizing the authorities for taking over-zealous measures during the coronavirus pandemic

  • UN urges transformation of global energy system

    Climate change risks undermining global energy security unless the use of renewables is dramatically scaled up, the UN warned Tuesday,...

    Energy sector is a major source of the carbon emissions that drive climate change, the UN's World Meteorological Organization said.

    WMO said that increasingly extreme weather events, droughts, floods and sea-level rise - all linked to climate change - were already making energy supply less reliable.

  • Lebanon asks TotalEnergies to launch gas search ‘immediately’

    Lebanon's search for gas riches in the hydrocarbon-rich eastern Mediterranean had stalled since 2020 over competing claims with Israel over...

    TotalEnergies is part of a consortium of energy giants awarded a license to explore for gas in two of Lebanon's 10 blocks, numbers 4 and 9.

    One well drilled in Block 4 in 2020 by TotalEnergies, Eni and Novatek showed only traces but no commercially viable gas deposits.

  • US climate spending could spark tariff war, says Scholz

    German Chancellor Olaf Scholz criticized US climate protection plans that would shield domestic companies from foreign competition, saying they could...

    European Union officials have in recent weeks spoken out against planned US tax credits for the domestic electric vehicle market.

    South Korea has also voiced its displeasure, calling the new rules favoring American e-cars a "betrayal".

  • Turkey says Erdogan to meet Putin in Astana on Wednesday

    Erdogan still hopes to bring Putin and Ukrainian President Volodymyr Zelensky together for truce talks that neither side particularly wants...

    Erdogan has not yet commented on the mass Russian strikes across Ukraine on Monday, which killed at least 19 people and wounded more than 100

    Turkish ForeigN Minister held a phone call with Ukrainian counterpart Dmytro Kuleba after the attacks, a Turkish diplomatic source said, without elaborating further

  • Oxfam says world failing to address ‘dangerous’ inequality

    The UN and Oxfam have previously decried the unequal distribution of vaccines from richer Western countries to lower-income ones, particularly...

    Oxfam also found that two-thirds of countries failed to increase their minimum wage in line with gross domestic product

    It delivered a withering criticism of most nations, arguing that the pandemic should have been a "wake-up call" to act on poverty in general