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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.
  • Iran to cut oil output, prioritize defense in new budget

    The 2022-2023 budget allocates about $5 billion to boost "defense capacities and strategic research", up from $4 billion the previous...

    Iranian news agencies reported that the draft, presented Sunday, projects GDP growth of eight percent.

    President Ebrahim Raisi submitted the draft to parliament for a vote expected by the end of 2021.

  • G7 issues warnings on Iran nuke program, Russia’s Ukraine plans

    The G7 on Sunday said time was running out for Iran to agree to a deal to curb its nuclear...

    Foreign ministers from the world's richest nations have held a two-day meeting in Liverpool, England, seeking to present a strong, united front against global threats.

    Biden earlier this week held a virtual summit with his Russian counterpart Vladimir Putin to voice Western concerns.

  • Libya defers list of presidential election candidates

    Libya’s election commission delayed publication of a final list of candidates for a presidential election scheduled in less than two...

    It is just the latest twist in a UN-led effort targeting December 24 presidential polls intended to help the oil-rich North African country move past a decade of violence

    Publication of the final candidate list is supposed to mark the formal start of the election campaign, but the election commission did not give a new date for issuing the list

  • Reasons behind shortening UAE’s workweek

    This week's TRENDS Explainer video tries to find the rationale behind curtailing the number of days in the UAE's workweek...

    The Gulf country is transitioning to a 4.5-day workweek. Now, weekends will consist of Friday afternoon, Saturday and Sunday

    The move makes the UAE the first nation to formalize a workweek shorter than five days. It also brings the country more in line with Western schedules

  • Hamas says short circuit caused fire in oxygen depot

    An electrical short circuit in a store containing oxygen supplies for Covid patients caused the blast that rocked a Palestinian...

    One man died of his injuries in Friday night's explosion that left a few people wounded

    The explosion, which blackened the walls and shattered windows of a nearby mosque, was caused by an electrical short circuit

  • US hits Chinese, North Korean firms with sanctions

    Timed for International Human Rights Day and supported in part by Britain and Canada, the sanctions took aim at officials...

    The US Treasury Department said China's artificial intelligence company SenseTime took part in the sweeping oppression of Uyghurs

    The sanctions and blacklisting can prevent individuals from obtaining visas to the United States and block assets under US jurisdiction

  • Palestinians in West Bank villages hold municipal polls

    No legislative or presidential election has been held in the Palestinian territories for 15 years.

    No legislative or presidential election has been held in the Palestinian territories for 15 years

    Of the 367 villages in the West Bank, 60 had no candidates standing and another 162 had a single list

  • Iran-Saudi cooperation could set up new regional system: Johns Hopkins Prof

    Negotiation is the first and foremost step, but not the last one, Nasr said, noting that there should be considerable...

    Negotiation is the first and foremost step, but not the last one, Nasr said, noting that there should be considerable agreements and outcomes to let the trust grow

    He said that the Biden administration is not willing to start a new hostility in the region, as the US has withdrawn from Afghanistan and is talking about evacuating from Iraq

  • Turkey pledges to protect Mediterranean Sea

    Turkey, the last G20 country that ratified the Paris climate agreement, faces criticism for how it treats its water.

    Microplastics pollution in the Mediterranean Sea poses a threat to marine life

    Turkey’s southern shores on the Sea of Marmara has witnessed the largest outbreak of ‘sea snot’

  • Rules to obtain a Saudi passport, explained

    Holders of Saudi passports can travel to up to 34 countries without a visa, and may obtain a visa at...

    Applicants must get at least 23 points to be considered for the Saudi citizenship

    Resident for 10 consecutive years in Saudi Arabia are eligible to apply for the passport

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