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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.
  • Morocco receives first batch of Turkish armed drones

    Morocco took delivery earlier this month of Turkish combat drones, the Far-Maroc unofficial website dedicated to military news reported.

    Morocco already uses drones for intelligence and surveillance operations along its borders

    Media reports said Morocco signed a $70 million contract with the private Turkish company Baykar

  • Kuwait population down 0.9 percent in H1 due to expat exodus

    DUBAI: Kuwait’s population decreased by 0.9 percent in the first six months of this year to 4.62 million, as expatriate...

    More than a third of Kuwait population under 15, likely to put more pressure on the labor market.

    Total employment fell by 1.7 percent in H1 due to moderation in hiring activity among Kuwaiti nationals in the private sector and a drop in expat employment.

  • Sudan protesters block crucial oil pipelines

    Demonstrators blocked the entrance to the airport and a bridge linking Kassala State in the east with the rest of...

    Demonstrators blocked the entrance to the airport and a bridge linking Kassala State in the east with the rest of the country

    The unrest comes as Sudan grapples with deep economic woes left in the wake of Bashir's ouster

  • Transformative projects focus of new UAE cabinet

    The government work 'will be led by major transformative projects and not just long-term strategic plans, says Sheikh Mohammed.

    The new strategy comes with the government's previous plan, UAE Vision 2021, through which the emirates has achieved all its goals in the past 10 years, Sheikh Mohammed said.

    Unlike previous 5-10 year cycles, the coming cycles of change will be flexible and six months to two years long, he added.

  • Digital inclusion vital for economic growth: Experts at WEF discussion

    DUBAI: An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in...

    An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in 50 percent of developed countries.

    The UAE’s information and communications technology spending is estimated to reach $23 billion by 2024.

  • Iraqi Kurdistan conference pushes normalisation of Baghdad-Israel ties

    The first initiative of its kind in Iraq, where Israel's sworn enemy Iran has a very strong influence, the conference...

    The CPC advocates for normalising relations between Israel and Arab countries, alongside establishing ties between civil society organisations

    Iraqi Kurdistan maintains cordial contacts with Israel, but the federal government in Baghdad does not have diplomatic ties with the Jewish state

  • Abbas gives Israel ‘one year’ to quit Palestinian territory

    Abbas called on Secretary-General Antonio Guterres to "convene an international peace conference."

    Abbas called on Secretary-General Antonio Guterres to "convene an international peace conference."

    Palestinians were ready "to work throughout the year" on solving the final status of the states of Israel and Palestine

  • United States, European Union pull up Iran over nuclear deal delay

    The US and EU have said at the UN that Iran’s new government has shown no indication it was ready...

    Iran’s new President, Ebrahim Raisi, has indicated he backed a return to compliance with the 2015 accord

    It could lift sweeping sanctions imposed by former US President Donald Trump when he withdrew the US from the deal

  • Kuwait urges Iran to push for regional confidence-building

    Iran’s moves could ultimately contribute to building regional relations based on mutual cooperation and respect.

    Kuwait said at the UNGA that Iran should Iran should work towards reducing tension in the Gulf region

    It urged Iran to also preserve safety, freedom, and security of maritime navigation

  • UN sees $400bn pledge for climate action

    The United Nations has called for the world to redouble its renewable energy efforts to avert a climate emergency.

    Governments and the private sector pledged at a high-level summit to spend more than $400 billion on climate efforts

    The amount would also help bring electricity to more of the 760 million people around the world who currently lack it

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