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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.
  • IMF chief says BOE acted quickly to UK budget proposal

    Prime Minister Liz Truss on Sunday conceded she should have better prepared Britain for her plan, which went further than...

    "We cannot have fiscal policy working against the monetary policy by providing untargeted policy support", IMF chief Kristalina Georgieva said Tuesday

    UK Finance Minister Kwasi Kwarteng on September 23 announced the debt-driven mini-budget, which slashed taxes and sparked market turmoil

  • Exclusive: ‘Cheerleaders’ hired to clap during FIFA Cup

    Young Arab boys and girls from countries such as Lebanon are being flown to Qatar and paid $800 to cheer...

    Young Arab boys and girls from countries such as Lebanon are being flown to Qatar and paid $800 to cheer during the upcoming World Cup, TRENDS Investigation reveals

    Whoever had a valid passport and got three doses of Covid-19 vaccination jumped on the ‘clapping’ bandwagon, one of the clappers flying to Qatar tells TRENDS

  • Germany to continue with $198bn energy fund despite EU criticism

    Germany pushed back against critics of a 200-billion-euro ($198-billion) energy fund, as Berlin faces fresh accusations it is going it...

    France and key members of the European Commission are asking for EU-wide solutions to the energy crunch aggravated by the Ukraine war.

    They fear that European countries with high debts cannot afford the largesse demonstrated by Germany, the EU's biggest economy.

  • UAE free zone residence visas now valid for two years

    The visas currently under process, even those in the last stages of completion, will also be valid for two years...

    The decision comes into effect from October 3, 2022. Earlier, the residence visas were valid for three years.

    The UAQ Free Zone says that all residence visas or Emirates IDs issued for three years will be valid until renewal.

  • Lebanese man storms bank to demand money for son in Ukraine

    Banks in the country, mired in an economic crisis for more than two years, partially reopened last week under strict...

    The armed pensioner, in his 50s, demanded access to the 24,000 dollars in frozen funds in his account.

    He was detained, his brother said, and it was unclear whether he had been able to release any of his savings.

  • Saudi Arabia, China sign agreement on air transport

    The agreement was signed between the President of the Civil Aviation Authority of Saudi Arabia Abdulaziz bin Abdullah Al-Dialej and...

    The pact was signed between the Saudi Arabia’s President of the Civil Aviation Authority Saudi Arabia Abdulaziz bin Abdullah Al-Dialej and his Chinese counterpart

    It aims at increasing the number of air flights and stations and achieving further cooperation in the air transport sectors of the two countries.

  • US to impose ‘further costs’ on Iran over protests crackdown

    Widespread street demonstrations sparked by the death of Mahsa Amini, 22, who died following her detention by morality police for...

    Iran has been under crippling US economic sanctions largely related to its controversial nuclear program which Tehran insists has only civilian purposes

    Biden said that he was concerned about reports of the violent crackdown on peaceful protestors in Iran, including students and women

  • Rubbish reform: changes to waste management could slash emissions

    Governments around the world have pledged to reduce emissions of methane (CH4) - which absorbs 80 times more solar radiation...

    A new report by the GAIA found that simple tweaks in the waste sector could slash carbon emissions by the equivalent of the annual emissions of 300 million cars

    The researchers modelled potential emissions reductions from eight cities around the world and found that, on average, they could cut waste sector emissions by almost 84 percent

  • Yemen’s fate hangs in balance as truce collapses

    Special envoy Hans Grundberg pledged "relentless efforts" to reinvigorate the truce, which lapsed on Sunday after bringing a sharp reduction...

    Grundberg's plan to extend the truce which was initially set to last two months and was renewed twice, to half a year

    The US expressed its "deep concern" at the expired truce, and said that the UN-mediated deal represents the best opportunity for peace

  • IEA urges Europe to reduce winter gas consumption

    Europe must ramp down gas consumption to survive the winter given perilously low stocks amid fears of a total cut...

    The IEA warned of "unprecedented risks" of shortages unless demand is reined in, estimating cuts of nine percent are needed

    IEA said diversification had at least enabled gas stockage facilities to stand at almost 90 percent of capacity at the end of September