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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.
  • UAE, Senegal to set up joint business council

    The MoU was signed on the sidelines of the Expo 2020 Dubai in the presence of President Macky Sall of...

    For the UAE, the MoU signatory was Abdullah Mohamed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry

    For the African country, it was Aba Traore and Elimane LAM on behalf of the Consortium of Employer’s Unions of Senegal

  • Africa needs to revamp transportation for economic development: DP World CEO

    Africa offers significant potential for investment and economic partnerships that can create mutual benefits for UAE businesses and their African...

    Africa offers significant potential for investment and economic partnerships, Sultan Bin Sulayem said at Global Business Forum Africa.

    Dubai keen to transfer its experience to help develop business in Africa, Bin Sulayem said.

  • DMT issues a new Code of Practice for marina operations

    The Department of Municipalities and Transport (DMT) has announced a new Code of Practice (CoP) encompassing the primary Health, Safety...

    The new code will push the emirate's ambition to become one of the top five global maritime centers by 2030.

    The code stipulates mandatory attestation of Marina Berth Leasing Contracts by DMT no later than six months or at the time of the next contract renewal.

  • Embattled Facebook releases new curbs on harassment

    The company has faced a storm of criticism since an ex-worker at the company alleged Facebook put profits before the...

    The tech giant its range of banned "attacks" on public figures to include a range of sexual or degrading images of their bodies.

    Facebook also added journalists and human rights defenders to the list of people considered public figures because of their work.

  • US rules out normalizing relations with Syria’s Assad

    Meeting with his Israeli and UAE counterparts, Blinken said that President Joe Biden's administration's policy on Syria was largely focused...

    Meeting with his Israeli and UAE counterparts, Blinken said that President Joe Biden's administration's policy on Syria was largely focused on humanitarian relief

    A US law known as the Caesar Act came into force last year that punishes any companies that work with Assad

  • Azerbaijan, Iran agree to mend ties ‘through dialogue’

    Azerbaijan-Iran ties soured weeks ago over allegations that Israel's military was active in Azerbaijan.

    Iran last month protested against what it said was the presence of Israel in Azerbaijan and vowed to take any necessary action

    It staged military exercises near its border with Azerbaijan, sparking criticism from officials in Baku

  • EU envoy to visit Iran amid nuclear talks push

    Enrique Mora's visit is a follow-up to consultations between the two sides on matters of shared interest, particularly Iran-EU relations,...

    The nuclear deal has been on life support since 2018 when then US president Donald Trump unilaterally pulled out.

    Mora's trip to Tehran comes amid mounting pressure from EU countries as well as the US for a swift resumption of talks.

  • Tunisia, Morocco hoteliers eye an end to Covid woes

    Tunisia found itself on European nations' red lists, making it virtually impossible for holidaymakers from major markets including France, Germany...

    In a good year like 2019, Tunisia registers about nine million hotel stays, and the tourism sector accounts for up to 14 percent of GDP.

    Roughly 3.5 million visitors entered Morocco by the end of August, up from 2.2 million the year before.

  • Kuwait allows women to join military in combat roles

    Defence Minister Hamad Jaber al-Ali al-Sabah said the door had been opened for women to join various combat ranks, including...

    Defence Minister Hamad Jaber al-Ali al-Sabah said the door had been opened for women to join various combat ranks, including as officer

    He expressed confidence in women's "capabilities... and their ability to endure hardship."

  • World’s clean energy transition ‘too slow’: IEA

    Not enough investment is being pumped into meeting future energy needs and the uncertainties are setting the stage for a...

    Investment in clean energy projects and infrastructure would need to be more than trebled over the next decade if energy pledges are to be met.

    Two scenarios analyzed by IEA say global temperatures would be above 2 degrees Celsius if the world wants to achieve 1.5 degrees Celsius.

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