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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 advance Israel’s integration into Middle East

    Air Force One will make a first direct flight from Israel to Saudi Arabia amid efforts to build ties between...

    Biden, 79, will also meet Palestinian leaders angered by what they describe as Washington's failure to curb Israeli aggression.

    The persistent frustrations of Israeli-Palestinian diplomacy are nothing new for Biden, who first visited the region in 1973 after being elected to the Senate.

  • Diversifying economy focus of UAE’s plans: President

    The UAE will continue to strengthen cooperation and enable positive, respectful dialogue between countries to achieve stability and prosperity for...

    Sheikh Mohamed said more than 200 nationalities are actively participating in the growth and development of the country’s economy.

    UAE’s priorities include strengthening people’s capabilities in science and technology, and develop it further to benefit all economic areas and the society, he said.

  • Supply risks still haunt market despite high oil prices: IEA

    The Paris-based agency cautioned that the global economic recovery could be derailed unless governments take measures to reduce consumption and...

    The IEA now expects oil demand to rise this year to 99.2 million barrels per day (mbd) and to 101.3 mbd next year.

    Meanwhile, supply climbs to 100.1 mbd this year. But even if it hits an expected record of 101.1 mbd next year, it will fall below demand.

  • Beirut port blast victims file $250m lawsuit against US firm

    Victims of Lebanon's deadly 2020 port blast have filed a quarter-billion-dollar lawsuit against a US firm for its suspected links...

    Accountability Now said in a statement that the claim was filed this week in Texas against US-Norwegian geophysical services group TGS.

    The blast -- described as one of the largest non-nuclear explosion in recent history -- killed more than 200 people, wounded thousands and ravaged entire neighbourhoods.

  • Libya’s National Oil Corporation lifts force majeure at key terminals

    Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their...

    Its latest such move had been in late June, when the NOC said Libya had foregone some $3.5 billion due to a blockade of eastern oil facilities since mid-April.

    The blockade on the oil facilities was enforced by groups demanding Dbeibah's departure and a handover to the rival administration of Fathi Bashagha.

  • Biden’s visit may spur start of Saudi-Israeli diplomatic ties

    Israel hopes US President Joe Biden's Middle East tour will hail the start of diplomatic ties between the country and...

    Israel expanded its regional reach with US backing in 2020 when it formalized ties with the United Arab Emirates, Bahrain, and Morocco

    Amid the normalization deals with Arab nations, Israeli media reported then prime minister Benjamin Netanyahu travelled to Saudi Arabia for secret talks

  • Israel to laser in on Iranian drone threat as Biden visits

    Moments after US President Joe Biden touches down in Tel Aviv on Wednesday, the Israeli military will show him new...

    This month, the Israeli military said it had intercepted a total of four unarmed drones headed for an offshore gas rig

    As concerns mount over drone warfare, Israel hopes the new "Iron Beam" system will secure its skies

  • Sri Lanka president takes refuge in Maldives, expected to resign

    Sri Lanka's embattled president flew out of his country to the Maldives early Wednesday, in a probable prelude to his...

    Gotabaya Rajapaksa had promised at the weekend to resign on Wednesday and clear the way for a "peaceful transition of power" after fleeing his official residence in Colombo

    Rajapaksa is accused of mismanaging the economy to a point where the country has run out of foreign exchange to finance even the most essential imports

  • Russia and Ukraine seek to break grain impasse in Turkey

    The four-way meeting in Istanbul comes with Russia's invasion of Ukraine showing no sign of abating.

    The four-way meeting in Istanbul comes with Russia's invasion of Ukraine showing no sign of abating

    Ukraine is a vital exporter of wheat and grains such as barley and maize and supplies nearly half of all the sunflower oil traded on global markets

  • Israel increases work permits for blockaded Gaza ahead of Biden visit

    Israel on Tuesday increased the number of work permits for Palestinians in Gaza, part of a series of measures affecting...

    Some 2.3 million Palestinians live in the impoverished Gaza Strip, which has been under an Israeli blockade since Hamas took power in 2007.

    Israel additionally said it would add 5,500 undocumented residents to the Palestinian Population Registry.