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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.
  • Jordan talks economic cooperation with Denmark

    Jordan’s Minister of Planning and International Cooperation Nasser Shraideh, have held discussions with Danish Minister of Development Cooperation Flemming Mortensen...

    Jordan has called on Denmark to increase the support it gets, and focus on economic and employment opportunities programs

    Denmark said it is ready to continue supporting Jordan and searching for additional ways to strengthen bilateral relations

  • Algeria urges Morocco to quit Western Sahara buffer zone

    Algeria is the main backer of the Polisario Front independence movement in Western Sahara.

    The UN on Wednesday named veteran diplomat Staffan de Mistura as its point man on the decades-old conflict

    The job had remained vacant for nearly two and a half years as the Polisario and Morocco rejected a dozen other candidates

  • Iran-SKorea row worsens over oil billions frozen by US sanctions

    Tehran threatens Seoul with legal action unless it releases more than $7 billion in funds for oil shipments. Iran was...

    South Korea maintains the money cannot be transferred to Iran because of sanctions.

    An Iranian lawmaker says Seoul should pay interest on the money it is "improperly holding".

  • Masdar to build five solar plants with a capacity of 1 GW in Iraq

    Abu Dhabi-based renewable energy company Masdar on Thursday announced it will develop five solar photovoltaic (PV) projects in Iraq with...

    The solar photovoltaic projects will be developed in Dhi Qar, Ramadi, Mosul and Amarah areas.

    Iraq, the second-largest OPEC oil producer, is aiming at 20 to 25 percent of renewables in power production.

  • GCC fertilizer use up in pursuit of food goals

    The region is also fast adopting modern agricultural practices such as vertical farming, hydroponics, greenhouse vegetable production to grow more...

    Urea demand is projected to grow close to two percent per year from 2018 to 2025.

    Governments are turning to the private sector to help finance desalination projects to meet water needs.

  • Kids may be a red line in Facebook regulation fight

    Facebook's previous major scandals barely dented its global dominance but a former employee's damning revelations have put it in a...

    Whistleblower Frances Haugen's testimony to US lawmakers could bring Republicans and Democrats together on issues of legislation.

    Experts say going beyond questions like protecting children or privacy on social media would lead to partisan clashes.

  • French police cause misery for migrants in Calais: HRW

    Calais has for years been a rallying point for migrants from the Middle East, Asia and Africa trying to smuggle...

    Police are routinely tearing down their tents and forcing them to wander the streets as part of a deterrence policy, the rights body said.

    Last week, the interior ministry ordered the eviction of a camp housing 400 migrants near a hospital in Calais.

  • Iran expects nuclear talks in Vienna to restart within days

    The deal, which gave Iran sanctions relief in return for curbs on its nuclear programme, has been on life support...

    The deal, which gave Iran sanctions relief in return for curbs on its nuclear programme, has been on life support since 2018

    US President Joe Biden has signalled a willingness to return to the deal, but his Secretary of State Antony Blinken warned last week that time was running out

  • Algeria tells France to ‘decolonize its history’ in new spat

    Algerian reaction followed Macron’s comments last week in which he said Algeria’s post-independence “political-military system” had “totally re-written” the country’s...

    Algerian reaction followed Macron’s comments last week in which he said Algeria’s post-independence “political-military system” had “totally re-written” the country’s history

    Algeria over the weekend recalled its ambassador from Paris and banned French military planes from its airspace

  • Whistleblower urges regulation to tackle FB ‘crisis’

    Ex-employee Frances Haugen has fueled one of Facebook's most serious crises yet and prompted a denial from CEO Mark Zuckerberg.

    Haugen testified on Capitol Hill after she leaked reams of internal research to authorities and The Wall Street Journal.

    A senator said she sees the whistleblower disclosures as the long-needed push to get Congress moving.

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