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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.
  • Russia may supply 120kt wheat to Algeria soon

    Russia, the largest exporter of wheat in the world, has been looking to enter the market for quite some time.

    This is expected to mark the first entry of Russian wheat in the Algerian market

    Algeria has so far imported wheat mostly from France

  • UAE agrees to temporarily host 5,000 Afghans

    The move comes following a request from the United States to help out Afghan evacuees.

    The evacuees will travel to the UAE from Kabul on US aircraft in the coming days

    These are people who are on their way to a different country

  • Saudi Arabia to send oxygen tanks to Tunisia

    King Salman bin Abdul-Aziz Al Saud has reportedly directed health authorities to provide medical oxygen and accompanying supplies to Tunisia.

    Tunisia has so far received medical aid from several Gulf and North African states

    The UAE sent vaccine doses in July, while Saudi Arabia, Morocco, and Egypt sent other aid last month

  • Qatar to give $10m per month to Gaza families in aid

    Each of about 100,000 needy families in the governorates of the Gaza Strip would receive $100 per month in cash.

    Qatar will transfer the aid funds before the end of August

    The distribution of these funds will start in the month of September

  • Afghan evacuees touch down in UAE

    About 5,000 Afghan nationals believed to be at risk due to the current crisis will be resettled in the UK.

    The UK plans calling back 2,000 Britons and Afghan employees in the days ahead.

    About 5,000 Afghan nationals believed to be at risk due to the current crisis will be resettled in the UK.

  • US to help Lebanon procure electricity

    Lebanon has been struggling with fuel shortages for a couple of months, which has led to protracted power outages.

    The economic crisis in Lebanon is so dire that the World Bank has said it is among the 10 worst of its kind since the mid-1800s.

    The global body also said the crisis could be among the top three in the world if it was not addressed immediately

  • Iran, China to discuss ways to expand cooperation

    Iranian President Raisi told Chinese counterpart Xi Jinping his government would prioritize the expansion of bilateral relations.

    Iran has bought 1 million doses of the Covid-19 vaccine from China, whose export it asked to be expedited

    Chinese Premier Xi Jinping said his country would put in the maximum effort to help Iran receive the vaccines

  • IMF suspends Afghanistan’s access to SDR resources

    The IMF is expected to complete a $650 billion allocation of Special Drawing Rights, the fund’s unit of exchange based...

    IMF says the SDR has been suspended because there is no clarity at present on the recognition of the government in Afghanistan.

    The war-ravaged country could access around $440 million in new monetary reserves.

  • Why Covid-19 jolted some Arab states?

    The flaws in the health systems of some MENA countries such as Tunisia, Lebanon and Jordan, which were struggling with...

    Tunisia's healthcare system appeared crumbling under the weight of recent infections caused by the Delta variant.

    The Lebanese government's failure to pay dues to be public and private hospitals aggravated the Covid-19 crisis.

  • Egypt ties up with Sudan to map geothermal energy potential

    The two countries will also expand the installation of fixed and mobile seismic stations.

    With the world moving away from fossil fuels, countries across the world are turning to alternate sources of energy

    This cooperation could help Sudan along those lines, as it looks to power more and more industries and households

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