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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.
  • Oil giant Saudi Arabia sees opportunity in climate crisis

    Not only is the kingdom ramping up oil production, it is also making a major play for the trillion-dollar emerging...

    Saudi Arabia has promised to go carbon-neutral by 2060 and pledged more than $1 billion for circular carbon economy initiatives.

    Experts say Saudi Arabia has a strong stake in blue and green hydrogen production, solar production and in solutions in carbon capture and storage.

  • Lebanon to get Jordan’s electricity via Syria by 2022

    The process of supplying Lebanon with electricity is expected to begin in early 2022.

    The amount of electricity to be supplied Lebanon will be nearly 150 MW from midnight until 6 am

    Jordan will also supply 250 MW to Lebanon during the remaining periods

  • Iran body proposes bill to allow women into stadia

    Women were able to watch a game at the 80,000-seat Azadi stadium in October 2019, when Iran thrashed Cambodia 14-0.

    Women were refused access to stadia after Iran's 1979 Islamic revolution, but exceptions have been made in recent times for international games.

    World football's governing body FIFA has exerted pressure to allow women into international qualifiers.

  • Riyadh ranks third smartest G20 capital, outperforms Paris and Hong Kong

    Saudi capital Riyadh has been ranked as the third smartest capital among the G20 member states and the 30th smartest...

    Riyadh made qualitative progress on the IMD Smart Cities Index for 2021, as it jumped 23 ranks from last year.

    The Holy city of Madinah has been also included on the index as the second Saudi city after Riyadh, ranking 73rd in the world and fourth in the Arab world.

  • Facebook’s future tops agenda at Web Summit in Lisbon

    Frances Haugen, the former Facebook engineer who leaked a trove of internal documents to international media, is due to speak...

    The summit in Portugal's capital Lisbon is set to welcome some 40,000 people from Monday evening through Thursday.

    Facebook has had to grapple in recent weeks with mass outages and rising calls for regulation to curb its vast influence.

  • Kuwait stresses commitment to UN financial contributions

    Kuwait has also urged other members to follow suit so that the UN can do its tasks properly.

    The remark was made by Member of Kuwait's Permanent Delegation at the UN, Abudlaziz Al-Ajmi.

    He was speaking on Thursday, October 28, during a General Assembly debate on the UN’s financial position.

  • World needs $23bn from G20 to fight pandemic: WHO

    WHO chief Tedros Adhanom Ghebreyesus bluntly told the G20 they could no longer leave poorer countries hanging in the pandemic.

    The World Health Organization has said it needs $23.4 billion over the next 12 months for its plan to fight Covid-19

    It has urged the G20 countries, who are meeting this weekend in Rome, to show some leadership and pay the amount

  • Turkey pressing US for F-16 fighters after F-35 plan killed

    US defense officials met in Ankara Wednesday with Turkish counterparts to resolve remaining issues from the F-35 program, and US...

    The F-16 request could be discussed when US President Joe Biden meets with Erdogan

    According to Turkish media, the country wants to buy 40 F-16s and kits to upgrade 80 warplanes in its current fleet

  • US, Bahrain vow to fight illicit cultural property trade

    Bahrain enjoys a prominent role in the art world, serving as the host of the Arab Regional Centre for World...

    The two countries issue joint statement after a key forum on antiquities, art crime.

    Information sharing, strengthening legal frameworks among key areas of future cooperation.

  • UN calls for more climate adaptation cash from COP26

    Climate adaptation means adjusting to the current effects of climate change and preparing for its predicted impacts in the future.

    The approach is crucial in developing countries, which are more vulnerable to extreme weather caused by climate change.

    The cost of adapting to climate change in developing nations could reach $300 billion in 2030, said UNCTAD.

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