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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.
  • OECD nations to ban export credits for coal power

    With the latest international climate conference just days away, the proposed ban will halt support to new coal power stations...

    For existing coal-fired power stations, the credits can only be used for pollution mitigation and carbon capture equipment that doesn't extend the service life of the facility.

    Coal is the dirtiest fossil fuel and is responsible for a major chunk of carbon emissions.

  • US Iran envoy to hold nuclear talks with European powers

    The agreement between Iran and world powers to find a long-term solution to the now two-decade-old crisis over its controversial...

    Trump's successor Joe Biden has said he is ready to re-enter the agreement so long as Iran meets key preconditions.

    The nuclear deal promised Iran step-by-step sanctions relief in exchange for restrictions on its atomic work.

  • EU leaders laud Merkel at her last summit

    European leaders heaped praise on German Chancellor Angela Merkel on Friday as she attended what is likely her last EU...

    Merkel has attended a staggering 107 EU summits that saw some of the biggest twists in recent European history

    Luxembourg's Prime Minister Xavier Bettel called Merkel a "compromise machine" who "usually did find something to unite us"

  • Israeli PM in Russia for first talks with Putin

    Naftali took office in June, taking over from Benjamin Netanyahu who was in power for 12 straight years and had...

    Russian state television showed images of Bennett's plane landing in Sochi, where the pair will meet

    Last week, Bennett's office said the pair will discuss Iran's nuclear program.

  • Turkey’s Islamic defence consultancy takes on West

    The company's manifesto says SADAT "aims to assist the Islamic world to take the role among the super global powers...

    The company's manifesto says SADAT "aims to assist the Islamic world to take the role among the super global powers as a self-sufficient global power."

    The firm was established in 2012 by Adnan Tanriverdi-- a brigadier general whose service ended during a purge of Islamic influence from the traditionally secular military in 1996

  • Renewable energy jobs reach 12 million globally

    A report by the International Renewable Energy Agency confirms Covid-19 caused delays and supply chain disruptions, with impacts on jobs...

    Off-grid solar lighting sales suffered due to Covid-19 disruptions, but companies were able to limit job losses.

    China commanded a 39 percent share of renewable energy jobs worldwide in 2020, followed by Brazil, India and the US.

  • Syria says 24 executed over starting wildfires

    Eleven others were sentenced to hard labor for life, four to temporary penal labor and five minors were handed jail...

    Their identities were not disclosed, and no details were provided on where and how the executions took place.

    The suspects were identified late last year in an interior ministry probe into wildfires in the provinces of Latakia, Tartus and Homs, the justice ministry said.

  • Oversight panel will review Facebook VIP system

    The so-called "cross-check" or "XCheck" system shields millions of elite users from rules that Facebook claims to apply equally at...

    Facebook has criticism after former employee Frances Haugen leaked internal studies showing the company knew of potential harm stoked by its sites.

    Whistleblower's revelations had prompted US lawmakers' to renew a push for regulation.

  • Turkey cuts interest rate for second successive month despite soaring inflation

    Turkey's central bank cut interest rates for the second successive month on Thursday in what economists interpreted as confirmation of...

    The central bank has blamed rising inflation on "transitory" factors that will dissipate with time.

    The lira extended its fall into record-low territory against the dollar and euro after the announcement.

  • Libya hosts international conference to drum up support ahead of elections

    Libya and the UN have been striving to turn the page on the violence that has wracked the country since...

    The conference comes two months ahead of planned presidential polls under a United Nations-led peace process that seeks to end a decade of conflict and chaos

    Tripoli has said the world body's Under-Secretary General for Political Affairs Rosemary DiCarlo and Libya envoy Jan Kubis will attend

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