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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.
  • EU seeks closer ties with gas-rich Qatar, opens office in Doha

    The European Union opened an office in Qatar on Wednesday in a sign of the Gulf state's growing influence in solving...

    Qatar is one of the world's top suppliers of liquefied natural gas and growing requests have been made by Germany and other European nations.

    The EU wants closer ties on "the energy sector, economic development, security challenges", EU council president Charles Michel said.

  • Erdogan says West staging ‘provocations’ against Russia

    Erdogan has maintained good working relations with Russian President Vladimir Putin while trying to stay neutral in the conflict and...

    Erdogan has tried to use his open relations with both Moscow and Kyiv to try to arrange direct talks between Putin and Ukrainian President Volodymyr Zelensky in Turkey.

    Turkey has not joined the Western sanctions regime against Russia and signed a new economic cooperation agreement with Moscow during a summit between Putin and Erdogan in Sochi.

  • UN gives Gaza children tablets to connect with world

    Children make up nearly half of Gaza's population of 2.3 million. Most of them have never been able to leave...

    Some 890 tablets are being handed out this week at schools run by the UN agency for Palestinian refugees, following a pilot that saw a few dozen devices given to children last year

    The 15-year blockade of the enclave led by Israel has crippled Gaza's economy, leaving 74 percent of young graduates unemployed.

  • Truss to meet cabinet, face MPs on first full day in power

    The 47-year-old won an internal ballot of Tory members on Monday, securing 57 percent of the vote, after a grueling...

    After Cabinet, Truss will travel to the House of Commons to spar with opposition Labor leader Keir Starmer, in the rival pair's first Prime Minister's Questions session

    Truss pitched herself to the Tory grassroots as a tax-cutting free-trade champion ready to slash taxes immediately to turbo-charge growth

  • Russia will stop oil, gas export to countries seeking price cap: Putin

    Pointing to rising energy prices in Europe ahead of winter, Putin insisted Russia would supply nothing outside of existing contracts,...

    Facing growing isolation and deteriorating ties with the West, Moscow is seeking to pivot the country towards the Middle East, Asia and Africa

    Putin told the Eastern Economic Forum that "no matter how much someone would like to isolate Russia, it is impossible to do this".

  • New Israel strikes put Aleppo airport out of service: Syria state media

    It is the second reported Israeli strike on the airport in northern Syria in less than a week. "At around...

    SANA said earlier that Syrian air defences had intercepted some missiles, and reported material damage

    Syria's private airline Cham Wings announced that all flights to and from Aleppo would be routed to the capital Damascus due to the strikes

  • Gulf states warn Netflix over content that ‘contradicts’ societal values

    Riyadh--Saudi Arabia and neighbouring Gulf countries on Tuesday accused streaming giant Netflix of broadcasting content that "contradicts Islamic and societal...

    A statement issued jointly by the Saudi media regulator and the six-member Gulf Cooperation Council, headquartered in Riyadh, did not specifically identify the offending content.

    Gulf countries including Saudi Arabia have repeatedly locked horns with US film distributors over content related to sexual minorities, especially in films.

  • Saudi delegation visits Jordan’s Petra to enhance cooperation

    A delegation from Saudi Arabia's Royal Commission for AlUla (RCU) visited Petra on Tuesday to advance cooperation between the two...

    PDTRA Chairman briefed the Saudi delegation on the authority's efforts to develop tourism in Petra.

    The delegation toured the rose-red city and looked firsthand at the Petra By Night program, the flying taxi and other projects.

  • IAEA calls for security zone at Ukraine’s nuclear plant

    The International Atomic Energy Agency called Tuesday for the establishment of a security zone around Ukraine's Zaporizhzhia nuclear power plant,...

    The occupation of the nuclear power plant, Europe's largest, has sparked fears of a nuclear disaster as both Russia and Ukraine trade blame for shelling the site.

    IAEA said in a report that the current situation is untenable after it sent a team to the plant.

  • Stocks push higher, but yen and euro under pressure

    European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain...

    European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain surging inflation.

    Frankfurt rebounded somewhat despite news that Germany's industrial orders slumped for the sixth consecutive month in July.