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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.
  • Drop in German investors confidence sparks recession fear

    BERLIN, GERMANY - German investor confidence fell in September for a third straight month, a closely watched survey showed on...

    The ZEW institute's economic expectations index dropped 6.6 points from the previous month to minus 61.9 points.

    For its survey, ZEW quizzes experts about the current economic situation and the outlook for the coming six months.

  • India to invite UAE as ‘guest country’ at G-20 Summit

    India, the incoming President of the Group of Twenty (G-20) announced that it will invite the UAE as one of...

    The G-20 accounts for 85 percent of global GDP, 75 percent of international trade and two-thirds of the world population.

    This is the first of a series of announcements being made by India preparatory to its assumption of the G-20 Presidency on December 1, 2022.

  • High-level UAE economic delegation visits Georgia

    A UAE economic delegation led by Minister of State Ahmed Ali Al Sayegh visited Tbilisi, Georgia.

    UAE-Georgian economic relations have witnessed remarkable development in recent years.

    Total non-oil trade between UAE and Georgia in 2020 and 2021 grew by 52 percent to reach US$223 million.

  • Planet-warming emissions higher than before pandemic: UN

    The UN's World Meteorological Organization and its Environment Programme warned that the catastrophes such as Pakistan's monumental floods and China's...

    "There is nothing natural about the new scale of these disasters. They are the price of humanity's fossil fuel addiction," said UN Secretary-General Antonio Guterres.

    The UN warned last month that the drought gripping the Horn of Africa and threatening millions with acute food shortages was now likely to extend into a fifth year.

  • Moscow says visas issued for Russians to attend UN session

    Russia said visas had been issued for Foreign Minister Sergei Lavrov and members of his delegation to attend the UN...

    The United States is not allowed to prevent representatives of member states from travelling to UN headquarters.

    Russia's UN ambassador Vassily Nebenzia sent a letter to UN Secretary-General complaining that the visas had not yet been received.

  • Man held after claiming Umrah for queen

    The man, a Yemeni national, on Monday published a video clip of himself on social media at the Grand Mosque...

    In the clip, he held up a banner saying: "Umrah for the soul of Queen Elizabeth II, we ask God to accept her in heaven and among the righteous."

    The footage was widely circulated on Saudi social media, with Twitter users calling for the man's arrest.

  • UN says six Syrians die in attempt to reach Italy

    More than thirty people attempted the crossing on the vessel, with many of the survivors in an "extremely serious" state...

    The victims included two children aged one and two years old, a 12-year-old child and three more adults

    UNHCR says 1,200 people have lost their lives in the Mediterranean since the beginning of the year

  • Turkey tells Armenia to ‘cease provocations’ against Azerbaijan

    Armenian Prime Minister Nikol Pashinyan said 49 troops had died, making this the deadliest escalation since the two side fought...

    Turkey backed Baku in the 2020 conflict, supplying it with combat drones that helped Azerbaijan claw back large parts of the territory it lost in Nagorno-Karabakh

    Azerbaijan's defence ministry accused Armenia of "large-scale subversive acts" near the districts of Dashkesan, Kelbajar and Lachin on the border

  • GCC countries hail national reconciliation in Sri Lanka

    Abdulmohsen bin Khuthaila in his speech on the sidelines of an official debate on human rights in Geneva, said that...

    Abdulmohsen bin Khuthaila in his speech on the sidelines of an official debate on human rights in Geneva, said that the GCC backs all open and effective dialogue in Sri Lanka

    Addressing the 51st session of the Human Rights Council, Khuthaila also stressed that enhancing human rights is a collective responsibility

  • King Abdullah calls on UN, world to provide aid for refugees

    King Abdullah of Jordan met with the UN High Commissioner for Refugees Filippo Grandi at Al-Husseiniya Palace to discuss how...

    King Abdullah addressed global food security, and the international community’s obligation toward nations hosting millions of refugees

    Grandi said the UN agency would continue to support the Kingdom’s efforts, and encourage the international community to assist host countries facing increasing economic challenges