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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.
  • Saudi Fund invests in education, road projects in Lanka

    The Saudi Fund for Development is investing USD60 million to develop the infrastructure of the transport sector to reduce death...

    The Saudi Fund for Development is investing USD60 million to develop the infrastructure of the transport sector to reduce death and injury rates resulting from traffic accidents

    The Fund will also invest USD28 million to support education opportunities for more than 5,000 students each year and increase the quality of education

  • Kuwait forms new Sheikh Sabah-led govt

    Prime Minister Sheikh Sabah Al Khaled Al Hamad Al Sabah’s new cabinet represents Kuwait’s fourth government over the last year...

    The new government announcement came after an Emiri order assigning Sheikh Sabah Al-Khaled as Prime Minister on November 23

    The cabinet has a new finance minister and includes three opposition legislators following a standoff between previous govts and parliament.

  • Turkey, Qatar await Taliban green light to run Afghan airports

    Private Turkish and Qatari companies have agreed to jointly operate five airports in Afghanistan, although they are still waiting to...

    Afghan civil aviation ministry spokesman Imamuddin Ahmadi told AFP that "no deal has been signed yet".

    The Taliban have already rejected Turkey's offer to provide security for Kabul airport, which offers an escape route for civilians seeking to flee.

  • Here are some significant records of 2021

    From sizzling temperatures and the longest blockage of Suez and pensioners in space, a look at some of the most...

    Nepal's Kami Rita Sherpa beat his own record for climbing Everest, claiming a 25th successful ascent to the roof of the world in May.

    The United States carried out its biggest ever airlift in the wake of the Taliban takeover of Afghanistan in August.

  • Qatar suspends leave for healthcare staff amid Covid surge

    Qatar's main healthcare provider has suspended leave for all medical and administrative staff dealing with Covid, as infections surge across...

    Since the pandemic began, Qatar has recorded more than 248,000 infections, including 616 deaths. Monday's tally of 343 infections was the highest since May.

    The six members of the GCC have recorded more than 2.5 million cases, among them over 19,000 deaths.

  • Lebanon president calls for end to government boycott

    President Michel Aoun has called for national dialogue on matters including a defense strategy.

    Lebanese president hinted at friction with the Hezbollah for blocking Cabinet meetings since October

    The Hezbollah is spearheading a boycott of the Lebanese govt over demands to replace a judge

  • Libya’s parliament refuses to fix date for delayed polls

    The vote, set for Friday, was meant to be the culmination of United Nations-led efforts to drag Libya out of...

    On Monday the parliamentary committee charged with overseeing the election presented a report saying it would be risky to set a new date at this stage

    That was a direct rebuff to the High National Electoral Commission (HNEC) which had suggested holding the vote on January 24

  • Iraq’s top court rejects fraud claims, ratifies election results

    The ruling will allow parliament to meet and pave the way for the election of a president who will then...

    Judge Jassem Mohamed Aboud of the Federal Supreme Court rejected a complaint of irregularities filed by the pro-Iran Hashed al-Shaabi former paramilitary alliance.

    The Hashed had also organized protests over the preliminary election results. One protester was killed and more than 100 injured in November.

  • Kuwait and UNHCR agreement to provide $2 million aid to Yemen

    It is also meant to provide basic building materials for temporary shelters, to rehabilitate and improve sites' and water sources...

    The agreement is a result of Kuwait’s commitment during the 75th session of the United Nations General Assembly.

    The grant targets at improving living conditions of almost 200,000 internally displaced persons in cities of Yemen.

  • UAE residents can recycle used cooking oil at Bee’ah Tandeef machines

    Waste management and environment company Bee’ah Tandeef has launched a service that allows people to recycle used cooking oil so...

    Bee’ah Tandeef will turn the waste cooking oil into biodiesel that will be used to run its fleet of waste collection trucks.

    The collection machine also dispenses a new empty bottle whenever a bottle is deposited.

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