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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.
  • Political News Iran Saudi Arabia

    ‘Saudi Arabia, Iran closer to a deal’

    Regional rivals Saudi Arabia and Iran are showing signs of warming relations and a foreign diplomat in Riyadh has said...

    Saudi King Salman expressed hope that talks with Iran would "lead to tangible outcomes to build trust"

    Saudi Foreign Minister Prince Faisal bin Farhan has confirmed a fourth-round of talks took place in September

  • Iraq says it has captured Daesh finance chief

    The Iraqi National Intelligence Service captured Sami Jasim outside the country after a complex operation.

    Sami Jasim allegedly served as a deputy to former Daesh leader Abu Bakr al-Baghdadi

    He supervised Daesh’s revenue-generating operations from illicit sales of oil, gas, antiquities, and minerals for some time since 2014 in Mosul

  • Preliminary turnout of just 41 percent shows many boycott Iraq election

    In what was the fifth election since the 2003 US-led invasion that ousted dictator Saddam Hussein with the promise of...

    The turnout falls below even that recorded in 2018, when 44.5 percent of eligible voters cast ballots.

    The election was held under tight security in a country where key parliamentary blocs have armed factions.

  • Still no decision on Georgieva keeping her job: IMF

    An investigation by a law firm has concluded that Georgieva manipulated data in favor of China while in a senior...

    The lack of clarity over her future comes with the IMF and the World Bank set to begin their fall meetings on Monday.

    The IMF board met again with representatives of the firm, WilmerHale, and with Georgieva over the weekend.

  • Algerian president demands ‘total respect’ from France

    Last weekend, Algeria recalled its ambassador from Paris and banned French military planes from its airspace, which France regularly uses...

    President Abdelmadjid Tebboune said the return of the Algerian ambassador to France was "conditional on total respect for the Algerian state".

    France has said it will cut the number of visas it grants to citizens of Algeria, Morocco and Tunisia.

  • Have Pandora papers jeopardized Lebanon aid?

    The country is already reeling under the impact of its worst-ever economic crisis, shutting down of power stations due to...

    Offshore companies are legal and were established to reduce the tax burden on some companies that require foreign branches.

    Lebanon was first in terms of registering individual companies in tax havens, with nearly 3 million papers leaked.

  • First Libyan flight in 7 years touches down at Cairo International Airport

    A Libyan Airlines flight with about 255 passengers on board flew into Cairo International Airport, marking the first time in...

    Flights between the neighboring countries had been suspended due to the conflict in Libya and the closure of its airspace to air traffic

    Cairo International Airport organized a protocol celebration for the arrival of the Libyan Airlines flight

  • Saudi Arabia, Italy discuss bilateral ties on G20 summit sidelines

    Speaker of Saudi Shura Council Sheikh Dr. Abdullah Bin Mohammed Bin Ibrahim Al Al-Sheikh reviewed the kingdom's ties with Italy...

    G20 Parliament Speakers emphasize the importance of building international consensus on the pandemic situation.

    The G20 is capable of encouraging the international effort to boost immunization for all the world's population, a joint statement said.

  • Nobel-winning Gurnah vows to keep talking migration

    The novelist won the literature's top award for his unflinching portrayal of their effects on the refugee experience.

    Gurnah called Brexit "a mistake" and European governments' immigration policies "inhumane".

    He is the fifth African-born writer to win the literature Nobel, having fled to Britain from Zanzibar in late 1967.

  • Blinken to meet with Israel, UAE diplomats

    Blinken had met virtually in mid-September with Lapid and top Emirati foreign policy adviser Anwar Gargash, as well as top...

    Blinken had met virtually in mid-September with Lapid and top Emirati foreign policy adviser Anwar Gargash, as well as top diplomats from Bahrain and Morocco

    The meeting amounted to a full embrace by President Joe Biden of the so-called Abraham Accords

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