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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.
  • Saudi, Kuwait to develop gas field despite Iran complaint

    Saudi Arabia and Kuwait will develop a disputed gas field despite Iranian objections, while urging Tehran to engage in negotiations,...

    The two countries also issued a new invitation for Iran to negotiate over the boundary of the gas field

    Tehran had earlier said that the deal contravened "previously held negotiations", adding that it "reserves its right to exploit" the field

  • Saudi organizations launch program to support Yemeni medical facilities

    The Saudi Development and Reconstruction Program for Yemen (SDRPY) and the Saudi Red Crescent Authority (SRCA) announced today the provision of...

    The assistance is in the form of 30 ambulances and highly equipped urgent response vehicles.

    This announcement was made during the signing of a memorandum of cooperation between SDRPY and the SRCA, in Riyadh.

  • Saudi Arabia pledges support to Lebanon in ‘tough times’

    The Saudi ambassador to Lebanon, Waleed Al-Bukhari, has pledged the kingdom's support to Lebanon and its people during 'tough times.'...

    The Lebanese presidency said in a statement that the Saudi diplomat's remarks came during his visit to the Lebanese President Michel Aoun in Baabda Palace earlier today

    Al-Bukhari briefed President Aoun on the working mechanism of the Saudi-French joint Fund, allocated to humanitarian aid

  • IEA lowers world oil demand outlook on China lockdowns

    Russian oil supply, meanwhile, is expected to continue to fall in April by 1.5 million barrels per day amid its...

    Rich countries have agreed to tap an additional 120 million barrels of oil from emergency reserves, with half from the United States.

    Prices fell below $100 in recent days as severe lockdowns in Shanghai raised concerns that crude demand from China would fall.

  • Ukraine crisis pushes US inflation to new four-decade high

    "The Russia-Ukraine war has added further fuel to the blazing rate of inflation," Kathy Bostjancic of Oxford Economics said.

    Consumer price index has hit 8.5 percent over the 12 months to March, considered the biggest jump in last 4 decades

    Central bank Governor said that fall of Ukraine war "probably skews risks to the upside in inflation"

  • Qatar, UK ink pact on food safety, environmental health

    Qatar Food Safety and Environmental Health Department Director Wassen Abdullah Al Bakr said that the agreement would enhance food safety...

    Qatar Food Safety and Environmental Health Department Director Wassen Abdullah Al Bakr said that the agreement would enhance food safety in Qatar

    It provides a framework for enhanced cooperation in food safety research, particularly food contaminant and risk management analyses

  • Biden accuses Putin’s forces of ‘genocide’ in Ukraine

    President Joe Biden for the first time Tuesday accused Vladimir Putin's forces of committing genocide in Ukraine, where Russia was...

    "Yes, I called it genocide," Biden told reporters, hours after employing the term during a speech in Iowa -- its first use by a member of his administration

    Biden's accusation came as Moscow was feared to be readying a massive onslaught across Ukraine's east that Washington warned might involve chemical weapons

  • Man in gas mask shoots 10 people on Brooklyn subway; terrorism ruled out

    A man in a gas mask shot 10 people on a packed New York subway train during rush-hour on Tuesday,...

    There were 40 to 50 passengers inside the coach at the time of the incident and they began crowding towards the front

    The NYPD has urged people to stay clear of the area, urging witnesses to contact a tip line with any information

  • Oman becomes first GCC nation to ratify a treaty on rights of seafarers

    Oman has become the 100th country to ratify a 2006 treaty that protects the rights, pay and conditions of seafarers. The...

    Maritime Labor Convention has become a worldwide reference for the maritime industry and a pillar of international maritime rules and regulations since its signing in 2006.

    Guy Ryder, the ILO Director-General, said Oman, a longstanding maritime nation, has set an example for other countries in the region.

  • Maritime traffic between Morocco and Spain resumes

    Maritime traffic between Spain and Morocco is set to resume Tuesday following the normalization of diplomatic relations between the two...

    Embroiled in a dispute with Spain over the territory of Western Sahara, Morocco upheld the blockade between some of the largest ports on the Mediterranean for over two years.

    The maritime borders reopened last summer -- but connections between Tangiers and Spain's Algeciras and Tarifa ports have remained cut.

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