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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.
  • Construction works complete on a stretch of UAE rail network

    DUBAI: Etihad Rail has completed construction works on a stretch of the 1200-km UAE National Railway Network, the company said on...

    The work was completed ahead of schedule on Package A of Stage Two, which extends over 139 km.

    40 percent of the network’s annual transport capacity has been reserved through commercial agreements.

  • Elon Musk wants US regulators to let cryptocurrency ‘fly’

    Los Angeles: Tesla chief executive Elon Musk thinks US regulators should take cryptocurrency out of their crosshairs, leaving it free...

    China's central bank last week said all financial transactions involving cryptocurrencies are illegal.

    Tesla early this year announced it had bought $1.5 billion worth of Bitcoin.

  • OPEC sees oil demand growing over next two decades

    The cartel's world oil outlook goes against the vision of the International Energy Agency, which warned in May that demand...

    Developing countries will fuel demand while it will begin to fall in wealthier nations from 2023, said OPEC.

    The OPEC report comes as Brent crude oil prices jumped above $80 per barrel for the first time in almost three years.

  • Meetings with Syria should translate into projects: Jordan PM

    He said the projects should benefit the two countries and cement a historical brotherhood bonding them.

    A Syrian delegation in Jordan has held a series of meetings with its Jordanian counterparts over the course of two days

    It reviewed the outcome of discussions with the Jordanian ministers in the areas of transport, intra-trade, water, agriculture and energy

  • Kuwait, China keen on institutional framework

    The Consul General of Kuwait in Shanghai, Mishal Al-Shamali, during a meeting with Shanghai Deputy Mayor Zhong Ming, said that...

    The framework is needed to start implementing the agreements concluded between the two countries

    This will help develop and strengthen bilateral ties between Kuwait and China in the upcoming years

  • Kuwait plans customs virtual corridor with Abu Dhabi

    The customs departments of Kuwait and Abu Dhabi are planning to form a virtual corridor.

    The move is expected to bolster bilateral trade ties

    A deal over the matter may be sealed shortly

  • Jordan to fully reopen Syria crossing this week

    The crossing was closed nearly two months ago due to fighting in Syria’s southern province of Daraa.

    The Jaber-Nasib crossing is Jordan’s main gateway for goods from Lebanon and Syria to the Arab Gulf countries

    It is expected to operate at full capacity as of Wednesday, September 28

  • France slashes visas for Algeria, Morocco, Tunisia in migrant row

    Paris accuses the former colonies of not doing enough to allow illegal immigrants to return. Immigration is shaping up to...

    Macron has ordered the number of visa deliveries to Algeria and Morocco to be halved from 2020 levels, and by a third for Tunisia.

    France granted a record number of visas -- 275,000 -- to Algerians in 2019 and rejected 7,731 requests in the first six months of 2021.

  • Lebanon reforms will get foreign aid flowing: UNSC

    The common belief in the international community is that the reason behind Lebanon’s economic crisis is corruption and misgovernance. Thus,...

    The UNSC has said in its statement that these reforms would help the masses suffering from the economic crisis and the resulting shortages

    It added that the reforms would also ‘ensure effective international support’

  • After Brussels dialogue, European Union welcomes reforms in Saudi Arabia

    DUBAI: The European Union Tuesday welcomed the reforms taking place in Saudi Arabia and noted that "significant steps" have been...

    The EU and the kingdom held the first-ever Human Rights Dialogue in Brussels on Monday.

    Significant steps have been taken to advance women's rights in Saudi Arabia, the EU said.

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