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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.
  • Cash-strapped Lebanon names team for International Monetary Fund talks

    The team -- Deputy Prime Minister Saade Chami, Finance Minister Youssef Khalil, Economy Minister Amin Salam and central bank governor...

    The country is facing what the World Bank has described as one of the world's worst economic crises since the 1850s.

    After defaulting on its debt in March 2020 for the first time in history, Lebanon started talks with the IMF.

  • Tunisia’s new PM faces economy battered by political turmoil

    Heavily in debt, with spiraling inflation and widespread unemployment worsened by the coronavirus pandemic, Tunisia is hoping for a bailout...

    Bouden will be Tunisia's tenth prime minister since the 2011 revolution that overthrew longtime dictator Zine El Abidine Ben Ali.

    But with debt standing at over 80 percent of GDP, Tunisia has dipped into international funds to service its debts.

  • Iran to hold war games near Azerbaijan border amid criticism from Baku

    Teheran: Iran's army is to hold maneuvers near the Azerbaijan border from Friday, state media announced, despite strong criticism from...

    Azerbaijani President Ilham Aliyev had criticized Tehran over the drills, calling them "a very surprising event".

    Iran has called the drills a "question of sovereignty".

  • Israeli foreign minister makes first visit to Bahrain, to open country’s embassy

    Israel's Foreign Minister Yair Lapid began a landmark visit Thursday to Bahrain where he will open the Israeli embassy one...

    The Israeli top diplomat touched down at Manama airport, where a Gulf Air plane was due to take off for the first commercial flight between the two countries shortly afterwards

    Lapid is making Israel's first bilateral ministerial visit to Bahrain, part of a thaw in regional relations after the United Arab Emirates, Morocco and Sudan also established ties

  • Qatar to hold its first-ever Formula One Grand Prix

    The race will take place at the Losail International Circuit north of Doha on November 21 and will form the...

    The Australian GP, traditionally a season-opener, was moved towards the end of the season but was canceled for a second year running.

    Qatar has also signed a 10-year deal to host Formula One from 2023.

  • Top Iraq cleric urges voting in parliamentary poll

    The statement from Grand Ayatollah Ali Sistani's office came against the backdrop of potentially high rates of abstention in the...

    The statement from Grand Ayatollah Ali Sistani's office came against the backdrop of potentially high rates of abstention in the October 10 ballot

    Initially expected in 2022, the vote was brought forward in a rare official concession to autumn 2019 protests

  • Erdogan, Putin meet to discuss Syrian conflict

    The Russian leader hosted Erdogan at his Black Sea residence in the resort of Sochi

    The Russian leader hosted Erdogan at his Black Sea residence in the resort of Sochi

    Russia and Turkey have had complex relations, balancing regional rivalries with common ground on economic and strategic interests

  • Morocco, Algeria slam France’s decision to slash visas

    France on Tuesday said it would sharply reduce the number of visas granted to people from Algeria, Morocco and Tunisia,...

    In Morocco, Foreign Minister Nasser Bourita told reporters the French decision was “unjustified”

    Many of its Tunisian citizens displayed their concern Wednesday in front of the offices of TLS Contact, the private company authorised to receive applications for France

  • Iran, Saudi hold new round of talks in Iraq

    The discussions, hosted by Iraq as it seeks to act as a regional mediator, were launched under Iran's former, moderate...

    US ally Saudi Arabia and Washington's arch-foe Iran are at odds over many regional issues, including the wars in Yemen and Syria.

    The talks have led to "serious progress" regarding Gulf security, Tehran's foreign ministry spokesperson Saeed Khatibzadeh said on September 23.

  • $80 oil sparks mixed fortunes for world economy

    Rising oil prices handed a major boost to producers but threaten the global recovery and stoke inflationary pressures because they...

    Global supplies have been disrupted because US production remains hampered by the ongoing fallout from Hurricane Ida.

    OPEC now expects global oil demand to exceed its pre-pandemic level in 2022 thanks to Covid vaccines and recovering economies.

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