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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.
  • Is GCC inflation out of control?

    The main reason for high inflation rates in the GCC countries is a rebound in prices in the sectors that...

    Food and beverages in Kuwait accounted for a whopping increase in prices, while education costs decreased 15.46 percent

    Saudi Arabia’s annual inflation increase is due to a 6.4 percent growth in transportation costs and a 1.4 percent rise in food and beverage prices

  • WEF says ‘will defer’ Davos meeting over Omicron fears

    The high-powered meeting scheduled for January 17-21, which usually draws leading figures from business, politics and diplomacy, will instead be...

    Swiss authorities have recently stepped up health restrictions sharply to control a fifth coronavirus wave.

    Forum chief Klaus Schwab promised "continued digital convening of leaders from business, government and civil society".

  • Dubai airport fully operational for first time since pandemic

    Dubai airport, one of the world's busiest travel hubs, is fully operational for the first time since the coronavirus pandemic...

    Travel via Dubai increases at the end the year, with foreigners -- who make up the majority of the emirate's population -- heading home for the holidays.

    Since the pandemic began, the UAE has registered over 744,400 cases, including 2,152 deaths.

  • Above 2.5 million passengers used Doha Metro during Arab Cup in Qatar

    More than 2.5 million passengers used Doha Metro during that Arab Cup hosted by Qatar from Nov 30 to Dec...

    Qatari media reports said Doha Metro operated 50,000 trips during the tournament.

    Except on Friday, Doha Metro ran for 21 hours a day throughout the week.

  • Israel to ban travel to US over Omicron spread

    Lawmakers from Israel also approved the health ministry recommendation to bar Israelis from travel to France, Ireland, Norway, Spain, Finland,...

    Israel will impose restrictions on traveling to US as Covid-19 curbs widen

    Foreigners coming to Israel from red-list nations are prohibited to enter until they get special permission

  • Chinese firms will build 1,000 schools in Iraq

    School constructions across Iraq will take two years and three phases.

    Iraq will pay for the project of building school using oil products

    The country needs 8,000 schools to fill the gap in the education sector

  • UN chief Antonio Guterres on ‘solidarity’ visit to crisis-hit Lebanon

    Guterres has previously called on Lebanese officials to unite to find solutions to the country's dire economic crisis, dubbed by...

    Lebanese leaders do not have "the right to be divided in a moment of such dramatic crisis", Guteres has said.

    Guterres is set to visit the Beirut port blast site on Monday, holding a minute's silence for the victims.

  • UAE gateway to GCC and Africa markets, says India’s industry minister

    India's Minister for Commerce and Industry Piyush Goyal has said that his country's goal is to become the UAE's number...

    UAE commits $100 billion investment and infrastructure creation in India, says Piyush Goyal.

    The UAE-India CEPA will be India’s fastest-negotiated Free Trade Agreement ever between two nations, he said.

  • Saudi exempts Iran Yemen envoy from air blockade for Covid treatment

    Iran's ambassador flew out of the rebel-held Yemeni capital to receive Covid treatment Saturday in a rare exemption from an...

    The Irani envoy flew out of the rebel-held Yemeni capital to receive Covid treatment.

    Oman has frequently mediated with the rebels and remained neutral in Yemen conflict.

  • Collapse of Afghanistan has regional, international repercussions: Saudi FM

    Saudi Arabia has said the collapse of Afghanistan would lead to chaos that has regional and international ramifications, while stressing...

    Saudi Foreign Minister Prince Faisal bin Farhan denounces the Daesh terrorist attacks in Afghanistan, according to media reports.

    Saudi Arabia has begun providing humanitarian aid to Afghanistan for the first time after Taliban takeover.

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