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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.
  • US warns Turkey against new Syria offensive

    The United States on Tuesday warned Turkey against launching a new military operation in northern Syria, saying the uneasy NATO...

    "We are deeply concerned about reports and discussions of potential increased military activity in northern Syria," State Department spokesman Ned Price told reporters

    Turkey has launched three offensives into Syria since 2016 aimed at crushing Syrian Kurdish fighters who assisted the US-led campaign against the Islamic State group

  • Aggrieved workers drop lawsuit against Bangladeshi Nobel laureate

    More than 100 lawsuits had been filed against GT by workers, along with three contempt-of-court charges against Yunus and another...

    Grameen Telecom (GT) and its senior managers were sued by workers who claimed the company had unfairly deprived them of profit shares.

    Lawyers for GT proposed the settlement after workers lodged an application to dissolve the company in the country's High Court.

  • Global issues slowing down labor market recovery: ILO

    Labor incomes have not yet recovered for the majority of workers. In 2021, three in five workers lived in countries...

    The sharp rise in vacancies in advanced economies led to a tightening of labor markets with a growing number of jobs available relative to job seekers.

    But, it dropped in Q1 2022 to 3.8 percent below pre crisis benchmark (Q4 2019), amounting to a deficit of 112 million full-time jobs.

  • UAE firm inks airport deal as Afghanistan eyes international flights

    A United Arab Emirates company signed a contract with the Taliban authorities Tuesday to provide ground handling services at Afghanistan's...

    UAE firm GAAC, which was previously operating in Afghanistan, signed a new 18-month contract covering three airports: Kabul, Kandahar and Herat.

    GAAC has provided ground handling services at Kabul airport since November 2020, and played a key role in rehabilitating the facility in August.

  • Duda: Fighting Russia Ukraine’s ‘national choice’

    The Polish president warned of a crisis if Ukraine is unable to export grains to North Africa and other countries....

    The WEF panel discussion, The Geopolitical Outlook, at Davos focused on what would the long-term consequences be for the world's great powers and smaller states in their regions.

    Prince Faisal bin Farhan Al Saud, for his part, stated that cooperation and dialogue are essential in confronting all regional and global issues.

  • Hosting FIFA World Cup 2022 will give hope to youth in GCC, says Qatar’s emir

    Hosting the FIFA World Cup 2022 will give hope to the youth across the Gulf region, which has suffered for...
  • Saudi Arabia re-elected as chair of ALECSO’s Executive Council

    The Arab ministers praised the initiative of the Chairman of the Executive Council of ALECSO, Hani bin Moqbel Al-Moqbel, to...

    The Arab ministers praised the initiative of the Chairman of the Executive Council of ALECSO, Hani bin Moqbel Al-Moqbel, to develop the Council’s road map

    Al-Moqbel thanked Saudi King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman Al Saud for the constant support

  • Zelensky tells Davos: Send us weapons, stop Russia trade

    Appearing by video link, Zelensky delivered the headline speech to the first World Economic Forum to be held in the...

    Russian business and political leaders, who used to participate in debates and mingle with other A-listers at champagne parties, were barred by organisers from attending this year.

    While the United States, Britain and Canada have moved to ban Russian oil and gas, the European Union has been divided over imposing similar measures.

  • 13 countries to join new Asia-Pacific trade framework: Biden

    "The US and Japan, together with 11 other nations will be launching" the Indo-Pacific Economic Framework for Prosperity, Biden said...

    Joe Biden will make a formal rollout of IPEF later Monday with 13 countries joining the initiative which aims to offer US allies an alternative to China in Asia-Pacific

    China has criticized IPEF as an attempt to create a closed club. Biden's national security advisor rejected the claim saying that, "it is an open platform"

  • Sandstorm forces closure of Iraqi airports, public buildings

    Iraq closed public buildings and temporarily shut airports Monday as another sandstorm -- the ninth since mid-April -- hit the...

    Prime Minister Mustafa al-Kadhemi ordered all work to cease in public institutions, with the exception of health facilities and security agencies.

    The environment ministry has warned that over the next two decades, Iraq could endure an average of 272 days of sandstorms per year, rising to above 300 by 2050.