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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 Arabia and US call for end to Sudanese military coup

    Taking a strong stance against the military coup in Sudan, Saudi Arabia and the US have condemned the overthrow of...

    Saudi foreign minister Prince Faisal bin Farhan Al Saud and US secretary of state Antony J. Blinken reiterated their support to the aspirations of the Sudanese

    The two top diplomats spoke today about the importance that all parties adhere to the framework laid out in the Constitutional Declaration and Juba Peace Agreement

  • Saudi Arabia supports Pakistan with $4.2bn lifeline

    The money is coming in through the SFD, a Saudi government agency that usually finances social and infrastructure projects in...

    The Saudi Fund for Development has announced that it will deposit $3 billion into the State Bank of Pakistan

    Saudi Arabia will also finance the oil-derivatives trade with Pakistan with a total amount of $1.2 billion throughout the year

  • Turkey urges Armenia to mend ties with Azerbaijan

    On a visit to Azerbaijan on Tuesday, Turkey set out conditions if Baku wanted better ties with Ankara.

    Turkey and Armenia have no diplomatic relations, and a closed frontier

    They also have a history of hostility rooted in massacres of Armenians under the Ottoman Turks during World War I

  • US denounces Israeli settlements in Biden’s reversal of Trump’s policy

    The reaction comes after four years under Donald Trump in which the United States offered a green light to Israel's...

    The State Department under Biden had repeatedly warned against settlement construction

    Palestinian prime minister Shtayyeh had urged Washington to "confront" Israel on the settlements

  • UN censures Israel for banning Palestinian groups

    Israel's designation of six leading Palestinian civil society groups as outlawed "terrorist organizations" is an unjustified attack, the UN human...

    The Jewish state said its move last week was due to their alleged financing of the Popular Front for the Liberation of Palestine

    "The crucial work they perform for thousands of Palestinians risks being halted or severely restricted"

  • Iraq blames Iran for river flow decline that hit power generation

    The drop in the water levels of the Sirwan river, which begins in Iran and flows through the Darbandikhan dam...

    The Darbandikhan dam in Iraq has this year received 900 million cubic meters of water, well below the annual average of 4.7 billion cubic meters

    The decline had led to a 30 percent fall in electricity production from the dam

  • ‘Facebook Papers’ hit as platform earns billions

    Facebook executives say the profits could have been even more if not for Apple updating its iPhone operating system to...

    Facebook has been hit by a crisis after a former employee leaked papers showing the company prioritized profit over users interest.

    A report said teenage users of the Facebook app in the US had declined by 13 percent since 2019 and were projected to drop 45 percent over the next two years.

  • Qatar says won’t muzzle F1 drivers over human rights

    The country has been the target of protests by several football teams over its treatment of foreign workers. Its motorsports...

    We are happy to support the drivers to speak their minds on their platforms, said Abdulrahman Al Mannai, president of the Qatar Motor and Motorcycle Federation.

    Qatar has removed rules that barred workers from changing employers, scrapped exit permit requirements and introduced a minimum wage of $1.30 an hour.

  • Qatar pledges ‘equal citizenship’ after vote controversy

    Sheikh Tamim bin Hamad Al-Thani told lawmakers that he had instructed the authorities to give voting rights to those excluded...

    Only descendants of Qataris who were citizens in 1930 were eligible to vote and run for 30 of the 45 seats in the Shura Council polls

    This effectively disqualified members of families naturalized since 1930

  • Jordan, UAE, Saudi Arabia call for calm in Sudan after coup

    In the wake of the military coup in Sudan, many countries of the Middle East have called for peace and...

    General Abdel Fattah Al-Burhan, the head of the military, announced the dissolution, on Monday, of the government and the Sovereign Council

    Burhan said quarrels among political factions prompted the military intervention

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