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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.
  • UN urges ceasefire in Yemen’s Marib for ‘safe passage’

    The security situation has been particularly difficult in Marib's Abdiya district, where the UN says the movement of aid and...

    Many displaced people have been caught in the line of fire in Marib, home to around 2.2 million refugees.

    The Huthis began a big push to seize Marib in February and, after a lull, they renewed their campaign in September.

  • Blinken says US committed to the defense of Saudi Arabia

    The US sees Saudi Arabia as a vital partner and America is committed to the defense of the Kingdom, US...

    Prince Faisal also praised the strong partnership between the two allies

    “Our relationship has delivered immense value for both of our countries, but not just for us, also for the region and for the world”

  • Microsoft shuttering LinkedIn in China as rules tighten

    The US-based company will replace LinkedIn in China with an application dedicated to applying for jobs but without the networking...

    LinkedIn was given a deadline by Chinese internet regulators to better oversee content on the site.

    Aside from being a venue for finding jobs, LinkedIn is a place for exchanges over business developments or news.

  • Lebanon: US calls for de-escalation, UN impartial probe into port blast

    Heavy fighting claimed at least six lives and left dozens wounded in Lebanon's capital Thursday as an escalation of tensions...

    The unrest broke out after shots were fired at a rally organized by Hezbollah and Amal movements.

    The rally was held against judge Tarek Bitar, who is investigating the last year's massive blast at Beirut port.

  • UAE discusses trade partnership with South Korea

    The UAE and South Korea have discussed the prospect of pursuing a Comprehensive Economic Partnership Agreement to strengthen economic ties,...

    The negotiation process for this agreement is set to begin soon

    It is expected to cover issues like market access to goods and services, ecommerce, and carbon neutrality

  • Iraq’s Sadr must work with pro-Iran groups to choose PM

    Firebrand cleric Moqtada Sadr may be Iraq's big election winner but he will still have to haggle with his opponents,...

    The political maverick had initially vowed to boycott the polls but then sent his movement into the race

    The Fatah (Conquest) Alliance, Hashed's political wing, lost more than half of its 48 deputies

  • EU envoy on nuclear talks meets Iran deputy minister

    The talks came a day after US Secretary of State Antony Blinken warned of "other options" if diplomacy failed.

    The 2015 nuclear deal gave Iran sanctions relief in return for curbs on its nuclear activities

    But it has been on life support since 2018, when then US president Donald Trump unilaterally pulled out

  • Qatar distributes much-needed aid in besieged Gaza

    Qatari support is considered a crucial lifeline for impoverished Palestinians living in Gaza, which has been under Israeli blockade since...

    The $100 handouts would be provided to 95,000 needy families through the UN, said Qatari envoy Mohammed al-Emadi.

    The UN's special coordinator for the Middle East peace process said the distribution would continue "throughout this week".

  • Beirut rocked as violence hits port blast rally

    Heavy fire rang out as ambulances rushed the wounded through the deserted streets, a few blocks from the Palace of...

    According to Interior Minister Bassam Mawlawi, at least six people were killed, all of them by gunfire. 

    The Court of Cassation earlier turned down a lawsuit filed by two ex-ministers demanding Bitar's replacement. 

  • Jordan to get $11m from US to stem water loss

    The Water Authority of Jordan has signed an agreement with USAID in this regard in the third phase of a...

    The deal is aimed at reducing water loss in Maan Governorate in southern Jordan

    The agreement is the third phase of a five-year $152-million Fixed Amount Reimbursement Agreement

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