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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, GCC agree Middle East reforms dialogue must continue: Georgieva

    At the end of her two-day visit to Saudi Arabia, she hailed the kingdom's strong “economic performance and impressive progress...

    Georgieva also hailed the kingdom’s role in supporting countries in the region and “vulnerable countries more broadly that have been impacted by multiple shocks.

    The IMF chief said she held "inspiring discussions with impressive Saudi women who have played a leading role in reducing inequalities and supporting Saudi's economic growth".

  • Turkey, Libya sign maritime hydrocarbons agreement

    Turkey's foreign minister signed a deal in Libya's capital Monday allowing for oil and gas exploration in 'Libyan waters'.

    The deal follows an agreement Turkey signed with authorities in Tripoli in 2019, which demarcated the countries' shared maritime borders.

    The deal came at the height of a year-long battle between rival governments vying for control of the capital.

  • UAE takes part in G20 Finance Track in Indonesia

    UAE's Ministry of Finance (MoF) participated in the third Framework Working Group (FWG) meeting within the G20 Finance Track for...

    The meeting was held in Indonesia and sought to discuss key global economic issues.

    G20 members, invited non-G20 member countries, representatives of the World Bank, IMF, and OECD also attended the meeting.

  • Iran says nuclear deal still possible, efforts underway with mediators

    "Efforts are underway with the European coordinator and other mediators, including the foreign ministries of neighboring countries, to exchange messages...

    His remarks come amid on-off talks that have been underway since April 2021 to revive the deal that gave Iran sanctions relief in return for curbs on its nuclear program.

    The landmark Vienna deal has been in tatters since then US president Donald Trump withdrew from it in 2018 and Iran later backed away from its own commitments.

  • Turkey reels from surging inflation as it hits 24-year high

    Turkish inflation jumped to a new 24-year high exceeding 83 percent in September, official data showed Monday after the central...

    President Recep Tayyip Erdogan, who has focused on growth ahead of a general election in June, has repeatedly railed against higher rates, calling them his "biggest enemy"

    The TUIK state statistics agency said Monday that consumer prices rose by 83.45 percent in September on an annual basis, up from 80.2 percent in August

  • GCC renews pledge to deepen partnership with China

    The Gulf Cooperation Council (GCC) has renewed its commitment to continue having a strong partnership with China in order to...

    The sentiment was echoed in a meeting between Secretary General of the GCC, Dr. Nayef Falah Mubarak Al-Hajraf, and China's Ambassador to Saudi Arabia, Chen Weiqing

    The two sides discussed all issues and topics of common interest, and reviewed the cooperation relations between the GCC and China to achieve common interests

  • Fed up of perennial power cuts, Gaza turns to solar

    For most of Gaza's 2.3 million residents, living under a 15-year-old Israeli blockade, power cuts are a daily fact of...

    Gaza bakery owner Bishara Shehadeh began the switch to solar this summer, by placing hundreds of gleaming panels on his rooftop

    Green energy advocates say that solar energy is a vision for a global future as the world faces the perils of climate change and rising energy costs

  • Crude prices surge as top producers plan to slash output

    The jump comes after both main contracts suffered hefty losses in recent months on demand fears caused by an expected...

    WTI climbed 3.3 percent to $82.12 and Brent also piled on 3.3 percent to $87.94 ahead of a meeting of the group this week in Vienna

    The reduction in production -- which delegates to OPEC said had not been finalized -- would be the biggest since the pandemic began when crude prices collapsed

  • Yemen ceasefire ends without extension as UN envoy urges calm

    The United Nations envoy Hans Grundberg said efforts to extend and expand the ceasefire for a further six months had...

    The ceasefire, enacted for two months in April and renewed twice, has brought a sharp drop in fighting in the war between Huthi rebels and a Saudi-led pro-government coalition

    The war, which has been raging since 2014, has killed hundreds of thousands directly or indirectly and has created the world's worst humanitarian crisis

  • Nine NATO nations won’t accept Russia’s annexation in Ukraine

    The presidents of the countries issued a joint statement saying they could not "stay silent in the face of the...

    The nine nations are Czech Republic, Estonia, Latvia, Lithuania, Montenegro, North Macedonia, Poland, Romania and Slovakia.

    Their reaction comes two days after Russian President Putin signed treaties to annex four Moscow-occupied regions of Ukraine.