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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.
  • US approves $1bn for Iron Dome defense system

    This came after the funding was controversially stripped from a separate bill following a revolt from the left flank of...

    The money had originally been included in legislation addressing a looming government shutdown and a potential October debt crisis

    But progressives in the House of Representatives said they would tank that unless the funding was removed from it

  • Iran says ‘serious progress’ in talks with Saudi

    Speaking to journalists on the sidelines of the UN General Assembly in New York, Khatibzadeh said the talks were "good"...

    Iran and Saudi Arabia have been engaged in talks since April with the aim of improving relations

    The discussions were launched under Iran's former moderate president Hassan Rouhani

  • UAE, US strengthening business cooperation

    Both countries signed an MoU to strengthen cooperation in areas of digital economy, innovation, and entrepreneurship.

    Minister of Economy Abdullah bin Touq Al Marri and Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi

    They met US Secretary of Commerce Gina M Raimondo, in the presence of officials from both countries

  • UAE, Egypt explore prospects of greater space cooperation

    The two sides also discussed facilitating new growth partnerships between the public and private sector.

    The meeting explored the potential for greater collaboration in all space-related fields between the two countries

    The two parties also looked at opportunities to strengthen ties across science, technology, engineering, and mathematics

  • UAE, China discuss strategic ties, common concerns

    The two countries also reviewed bilateral partnership and cooperation in confronting the Covid-19 pandemic.

    Sheikh Abdullah bin Zayed Al Nahyan, the Minister of Foreign Affairs and International Cooperation attended the discussions for the UAE

    He spoke on the phone with Wang Yi, State Councilor and Foreign Minister of China

  • Non-oil sectors fuel Saudi economic growth

    Amidst forecast of economic recovery of Saudi Arabia, a few sectors that have driven the Kingdom's Q2 growth include real...

    The overall Saudi Arabia's GDP in Q2 of 2021, according to the General Authority for Statistics, has been 1.8 percent

    The robust growth was witnessed in real estate (12 percent), non-oil manufacturing (15 percent), and wholesale, retail trade restaurants, and hotels (16.9 percent)

  • Saudi Arabia reaches out to France for stronger economic ties

    The move aims to further enhance bilateral investment relations by making use of the opportunities offered by Saudi Vision 2030.

    The Minister of Investment of Saudi Arabia, Khalid bin Abdulaziz Al-Falih, is on an official visit to France

    He is accompanied by a high-level Saudi delegation from government agencies, national companies, and representatives of the private sector

  • Tunisia’s Saied reinforces presidential powers

    Under the current system, most of the executive power was in the hands of the government and the measures announced...

    Under the current system, most of the executive power was in the hands of the government and the measures announced by Saied clearly tip the balance in favour of the presidency

    The provisions, laid out in a series of decrees published in the official gazette, come almost two months after his initial power grab

  • German youths seek change after a lifetime of Merkel

    Many of her countrymen say her slowly-slowly approach stymied progress on burning issues such as climate protection and the digital...

    Some accuse the old-guard parties -- like the CDU or the centre-left Social Democrats -- of failing to bring about meaningful change.

    Young activists have also taken the government to court to force it to improve environmental targets.

  • Algeria closes airspace to all Moroccan planes

      Algeria said Wednesday it has closed its airspace to all Moroccan planes due to "provocations and hostile practices" by...

    The move comes after Algeria broke off diplomatic ties with Morocco on August 24, accusing it of "hostile actions"

    The decision was announced after a meeting of the High Security Council chaired by President Abdelmadjid Tebboune

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