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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.
  • Tunisian parliament’s suspension extended

    President Kais Saied's also extended an order lifting immunity for the country’s lawmakers.

    His decision to sack government and suspend parliament last month has sparked condemnation.

    President Kais Saied's also extended an order lifting immunity for the country’s lawmakers.

  • Developing countries to get $275bn of IMF reserves

    Managing Director IMF Kristalina Georgieva said the largest allocation in history, about $650 billion in Special Drawing Rights, was a...

    The IMF's last SDR distribution came in 2009 when member countries received $250 billion in SDR reserves to help ease the global financial crisis.

    The possibility of a new trust is being explored, which could use channeled SDRs to help the most vulnerable countries with structural transformation.

  • Russia, Turkey to sign new S-400 missile contract

    Turkey's initial purchase of S-400s from Russia soured relations with the US and its NATO allies

    Turkey's initial purchase of S-400s from Russia soured relations with the US and its NATO allies

    The United States sanctioned Ankara and has threatened to impose more sanctions if the country bought more major military systems from Moscow

  • Iran to get $300m Japanese loan to upgrade oil refinery

    Japanese Foreign Minister Toshimitsu Motegi said this assistance would be in the form of low-interest loans.

    The pledge was made during Motegi’s trip to Baghdad, the first by a Japanese foreign minister since 2006

    The financial aid will be used to expand one of Iraq’s major refineries in Basra

  • Iraq seeks role as mediator with regional summit

    The meeting in Baghdad on Saturday seeks to give Iraq a "unifying role" to tackle the crises shaking the region

    The meeting in Baghdad on Saturday seeks to give Iraq a "unifying role" to tackle the crises shaking the region

    Leaders from Iran, Saudi Arabia and Turkey have also been invited

  • UAE, Philippines explore space sector collaboration

    To this end, the UAE Space Agency hosted the Philippines Ambassador to the country along with a virtual delegation from...

    To this end, the UAE Space Agency hosted the Philippines Ambassador to the country along with a virtual delegation from the Philippines Space Agency

    Meeting comes as UAE and Philippines recognise 47-years of bilateral relations

  • Taliban inherit $1 trn trove of minerals

    China could take lead to tap the untapped minerals including some that could power the world’s transition to renewable energies.

    Endless wars and poor infrastructure have prevented the country from getting its hands on the metals that could brighten its economic fortunes.

    The resources include bauxite, copper, iron ore, lithium and rare earths, according to a January report by the US Geological Survey.

  • Tunisian president takeover sparks fears for freedoms

    Several politicians, businessmen and judges, as well as members of parliament have said they were banned from travelling abroad or...

    President Kais Saied sacked the government on July 25 and suspended parliament for one month.

    An anti-graft NGO said at least 14 members of parliament face legal proceedings or have been sentenced over a range of crimes.

  • Morocco to keep Algeria-Spain gas pipeline open

    The operating contract for the Moroccan section of the Maghreb-Europe Gas Pipeline, which links fields in Algeria with Spain, runs...

    The operating contract for the Moroccan section of the Maghreb-Europe Gas Pipeline, which links fields in Algeria with Spain, runs out in October

    There was concern its renewal might fall foul of the latest spat between the two countries

  • Bahrain allows use of airport for Afghan evacuees

    Bahrain has announced that it is “allowing flights to make use of Bahrain’s transit facilities” amid the evacuations of Afghanistan.

    Kingdom made the announcement in a statement released early Saturda

    Bahrain, in the Arabian Gulf off Saudi Arabia, is home to the US Navy’s 5th Fleet

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