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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.
  • Climate, economy, vaccines key focus of G20 talks

    Leaders of the world's most advanced nations are hoping to hammer out a way forward on climate change and vaccine...

    In their first in-person gathering since the start of the Covid-19 pandemic, the relaunch of the global economy will also be front and center on the two-day agenda

    The stakes are high, with United Nations Secretary General Antonio Guterres warning G20 leaders to show "more ambition and more action"

  • Arab League rues decline in Lebanese-Gulf ties

    The Arab League has expressed strong disappointment at a decline in relations between Lebanon and Gulf states, after an adverse...

    The Arab League Secretary-General Ahmed Aboul Gheit has appealed to Gulf countries "to reflect on the measures proposed to be taken

    The statement came a day after Saudi Arabia ordered the Lebanese ambassador to the kingdom to leave within 48 hours

  • Sudan braces for protests against military coup

    Sudanese anti-coup protesters plan to flood the streets Saturday to demonstrate against a military takeover that has derailed the country's...

    Street protests that erupted against the coup were countered by a security response that has left at least nine demonstrators dead and wounded around 170

    Organisers on Saturday hope to stage a "million-strong" march against the military's power grab

  • GCC, Greece discuss ways to enhance joint cooperation

    This was agreed upon during a session of talks held in Athens on Friday between the GCC Secretary General and...

    This was agreed upon during a session of talks held in Athens on Friday between the GCC Secretary General and the Minister of Foreign Affairs of Greece Nikos Dendias

    The meeting dealt with the strategic relations between the GCC and the Republic of Greece, and ways to enhance them in various fields

  • Bahrain orders Lebanese envoy to leave in 48 hours

    The decision closely mirrored that of Saudi Arabia, which too ordered the Lebanese ambassador to its country to return home.

    The decision was apparently taken ‘against the background of a series of unacceptable and offensive statements issued by Lebanese officials’

    This decision would not affect the Lebanese residents in Bahrain, the country’s Ministry of Foreign affairs has said

  • World leaders discuss climate, economy, vaccines at G20

    Summit host Mario Draghi, the Italian prime minister, has called for a ‘G20 commitment on the need to limit the...

    Looming over the two-day talks in Rome is pressure to make headway on tackling global warming

    This is because the key COP26 summit is kicking off in Glasgow on Monday

  • US targets Iran’s drone program with sanctions

    The sanctions boosted pressure on Iran ahead of the reopening of negotiations on the country's nuclear program. The sanctions came...

    The US Treasury targeted lethal unmanned aerial vehicles or UAVs used by Iran's Islamic Revolutionary Guard Corps

    It said the drones have been used to attack US forces and international shipping in the Gulf region

  • Saudi recalls envoy to Lebanon over Yemen comments

    Saudi Arabia ordered the "recall of the ambassador in Lebanon for consultations, and the departure of Lebanon's ambassador to the...

    The wealthy Gulf kingdom also "decided to halt all Lebanese imports"

    Lebanon's Prime Minister Mikati reacted quickly, saying he "regretted" the Saudi move

  • Iran petrol network partially restored after cyberattack

    Among 4,300 fuel stations across the country, at present 1,450 are connected to the central fuel distribution system that provides...

    Authorities have said the results of an investigation into the alleged attack would be ready within 10 days.

    President Ebrahim Raisi on Wednesday said that his country must be "seriously prepared" against cyberattacks. 

  • Saudi submits bid to host World Expo 2030 in Riyadh

    Russia, the Republic of Korea, Italy and Ukraine are other four countries that have submitted bids for the event in...

    Crown Prince Mohammed Bin Salman proposes “The Era of Change: Leading the Planet to a Foresighted Tomorrow” as the theme for the event.

    The Expo 2030 in Riyadh would coincide with the culmination of the Saudi Vision 2030, the Crown Prince's letter said.

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