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ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

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.
  • Biden vows to defend KSA, halt Iran’s nuclear bid

    A joint communiqué, issued after US president's meetings with King Salman and Crown Prince Mohammed bin Salman, outlines the strategic...

    The two countries reaffirmed their commitment to a stable global energy market, particularly in light of the current crisis in Ukraine and its consequences

    Regarding the ongoing war in Ukraine, the two sides underscored the need for maintaining a rules-based international order

  • Saudi Arabia, US sign 18 agreements in key sectors

    The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.

    The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.

    The deals include 13 agreements made with the Ministry of Investment, the Royal Commission for Jubail and Yanbu and numerous private sector firms

  • Algeria-Tunisia border crossings reopen after two years of closure

    After two years of closure, nine border crossings between Tunisia and Algeria reopened at midnight on Thursday. The decision to...

    Authorities expect more than a million Algerian visitors, most of them tourists, to enter Tunisia during the summer months.

    Algerians typically travel to Tunisia for tourism, visiting the popular seaside resorts of Annaba and Constantine, to visit family or to undertake medical treatment

  • Biden in Saudi Arabia to revive bilateral ties

    Joe Biden -- the first US president to fly directly from Israel to Saudi Arabia -- met Saudi King Salman...

    Biden’s direct flight is the first by an American president from Israel to Saudi Arabia, the last stop of the president's Middle East tour.

    Biden met Saudi King Salman before participating in a "working session" headed by Saudi Crown Prince Mohammed bin Salman

  • Jordan’s minister holds series of meetings with UN officials

    Jordan's Minister of Planning and International Cooperation Nasser Shraideh held a series of meetings at the High Level Political Forum...

    The Jordanian minister met with several senior UN officials and presented the country's 2nd Voluntary National Review

    The minister briefed the UN officials on social and economic challenges facing the Kingdom

  • US warns against conflict as Libya appoints new chief for key oil firm

    Libya's government replaced the head of the key National Oil Corporation on Thursday in a dramatic move that prompted the...

    The unity government of Abdulhamid Dbeibah has appointed former central banker Farhat Bengdara to replace NOC head and veteran technocrat Mustafa Sanalla

    The US embassy, which is following developments "with deep concern", says that the National Oil Corporation is vital to Libya's "stability and prosperity"

  • Biden to meet Palestinian leaders in Bethlehem

    US President Joe Biden will meet Palestinian leader Mahmud Abbas in the occupied West Bank Friday, with talks expected to...

    With Israeli-Palestinian peace negotiations moribund since 2014, a US official said the delegation will make some significant announcements

    Biden made clear on Thursday he had no plans to reverse the controversial move to recognize Jerusalem as Israel's capital by his predecessor Donald Trump

  • The Red Sea islands caught between Egypt, Saudi and Israel

    As US President Joe Biden visits the Middle East this week, one issue on the table will be the status...

    The two barren desert islands Tiran and Sanafir are home only to some soldiers of a decades-old multinational peacekeeping force

    The islands have been fought over in the past, thanks to their key location at the entrance to the Gulf of Aqaba

  • Saudi Arabia-US: A crisis-peppered partnership

    On February 14, 1945, the two countries' partnership is sealed during a historic meeting between king Abdel Aziz bin Saud...

    On February 14, 1945, the two countries' partnership is sealed during a historic meeting between king Abdel Aziz bin Saud and president Franklin D Roosevelt

    The 2015 nuclear agreement with rival regional power Iran -- signed by the US and other world powers -- further undermines Riyadh's confidence in the Obama administration

  • Saudi Arabia opens airspace to ‘all carriers’, including Israeli airlines

    Saudi Arabia announced Friday it was lifting restrictions on "all carriers" using its airspace, an apparent gesture of openness towards...

    The decision was made "to complement the Kingdom's efforts aimed at consolidating its position as a global hub connecting three continents"

    Israel has been pushing for the overflight rights to shorten links to destinations in Asia.