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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.
  • Asian markets stabilize but Evergrande fears linger

    The battle in Washington to raise the US debt limit was also fuelling concern that the government could miss payments...

    Dubai led declines among stock markets in the Gulf on Monday, as its main share index fell 1.2 percent.

    Hong Kong's Hang Seng Index, which plunged more than three percent Monday, edged up 0.2 percent.

  • Lebanese parliament approves new government

    Mikati's 24-member cabinet will be expected to offer solutions to shortages of medicine and fuel and to launch a ration...

    Mikati's 24-member cabinet will be expected to offer solutions to shortages of medicine and fuel and to launch a ration card programme to protect the poorest

    Billionaire Mikati was designated as premier in July after his two predecessors failed to form a government

  • France to host international conference ahead of Libya elections

    The ratification earlier this month of an electoral law that was clearly tailor-made for Khalifa Haftar, the military strongman who...

    France is asking for the elections to be held and for the "departure of foreign forces and mercenaries

    Libyan Foreign Minister Najla al-Mangoush has not rule out postponing the elections

  • ‘Apathy and despair’ as Iraq looks to October election

    The polls were initially scheduled for 2022, but moved forward to June this year, then postponed to October.

    Respondents have said only the candidates’ faces are newer while the political ideals are unchanged

    Issues like constant power cuts and non-upgradation of infrastructure are also weighing on voters’ minds

  • Morocco party alleges violations at polls

    Moderate Islamist Justice and Development Party said it would swtich to the 'natural' position as opposition.

    The party, which was thrashed in recent elections, said a 'massive use of money' and 'manipulation of reports' led to 'results that do not reflect country's political map.

    Interior Minister Abdelouafi Laftit has said the voting process took “under normal circumstances” apart from isolated incidents.

  • Islamic State carries out Syria gas pipeline attack

    The Deir Ali station southeast of Damascus generates half of Syria's power needs

    The Deir Ali station southeast of Damascus generates half of Syria's power needs

    The explosion caused the station to go out of service temporarily

  • Lebanon seizes dangerous fertilizer in country’s east

    Ammonium nitrate is an odourless crystalline substance commonly used as a fertiliser that has been the cause of numerous industrial...

    Ammonium nitrate is an odourless crystalline substance commonly used as a fertilizer that has been the cause of numerous industrial explosions

    Security forces raided a fertilizer warehouse in the eastern Bekaa Valley, considered a hub for smuggling operations between Lebanon and Syria

  • Iran looks east after China-led bloc okays entry

    Iran has been trying to enter the SCO for years, and was close last year, but Tajikisatn objected to it.

    Iran has hailed its acceptance into the Shanghai Cooperation Organization, a bloc led by China and Russia

    This, for it, was an eastward turn that it sees as opening access to major world markets and a counter to Western sanctions

  • Algeria’s ex-president Bouteflika dies

    Bouteflika became president of Algeria in 1999 as the former French colony emerged from a decade of civil war that...

    The former strongman had left office in April 2019 under pressure from the military

    After quitting, he had stayed out of the public eye at a residence in western Algiers

  • US approves $500mn helicopter maintenance deal for Saudis

    Under the deal, US will provide 350 contractor technicians and two government officials over two years to handle the maintenance...

    Before his election Biden had promised to make Saudi leaders "pay" for the murder of US-based journalist Jamal Khashoggi.

    In late January Biden ordered a review of all arms contracts concluded by his predecessor Donald Trump with Saudi Arabia and other countries.

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