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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.
  • Netanyahu plan for post-war Gaza draws US criticism

    The plan lays out that, even after the war, the Israeli army would have "indefinite freedom" to operate throughout Gaza...

    The new plan came after an Israeli delegation arrived in Paris hoping to "unblock" truce discussions

    Netanyahu's plan envisages civil affairs in a post-war Gaza being run by Palestinian officials without links to Hamas

  • WTO reforms essential to meet global challenges

    “Japan and the UAE will deepen their cooperation beyond traditional areas such as energy and the economy to include a...

    WTO’s 13th Ministerial Conference: Scheduled in Abu Dhabi, aims to address global challenges and reforms.

    Japanese Minister Yoko Kamikawa stresses the need for WTO to transform and tackle global issues effectively.

  • New Delhi confirms few Indians involved with Russian army

    New Delhi, India - India's foreign ministry confirmed on Friday that some of the country's citizens had signed up for...

    A newspaper reported on Wednesday that around 18 Indians were stranded in various border towns along the frontlines of Russia's war in Ukraine.

    Its report alleged that Indians had been conned by Dubai-based recruiters with promises of high wages and a Russian passport.

  • Israel plans to allow local Palestinians administer post-war Gaza

    "The plan states that Israel will move forward with its already-in-motion project to establish a security buffer zone on the...

    The proposal, which Netanyahu submitted to his security cabinet late Thursday, would also see the Israeli army persisting in its war on Hamas until it achieves key goals.

    Even after the war, the Israeli army would have "indefinite freedom" to operate throughout Gaza, according to the plan.

  • Expelled from France, imam vows to challenge decision in court

    Soliman, Tunisia - A Tunisian imam expelled from France for alleged hate speech said on Friday he would take legal action...

    Mahjoub Mahjoubi, from the town of Bagnols-sur-Ceze in the south of France, denounced his removal as "arbitrary"

    He was expelled on the charges of giving a sermon that had "retrograde, intolerant and violent" image of Islam

  • American spaceship lands on moon, images expected soon

    The first American spaceship on the Moon since Apollo is "alive and well" following a drama-packed touchdown, the firm that...

    The Houston-based company's stock price soared by 40 percent in early trading before paring back to 24 percent.

    Intuitive Machines said Odysseus, which is the size of a large golf cart, is upright.

  • Price of natural gas in Europe falls to a 3-year low

    LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost...

    Gas reserves, which are usually drawn down during winter for heating, are at 64.7 percent of storage capacity on average in the European Union.

    Gas prices soared in 2022 and into 2023 as Russia's invasion of Ukraine made EU countries limit consumption and diversify their sources of supply.

  • ADGM’s Registration Authority fines two firms for audit failings

    ABU DHABI, UAE – The Registration Authority (RA) of Abu Dhabi Global Market has fined Baker Tilly Middle East Limited...

    The RA fined Baker Tilly US$50,000 and Sturgeon US$12,500 for serious failings and gaps in the financial audit

    The RA expects ADGM firms to conduct and prepare audit reports in accordance with professional standards.

  • Shipping insurance rates soar on Red Sea missile attacks

    Maritime container transport has sunk by almost one third so far in 2024 compared with a year earlier, according to...

    The Houthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12 percent of global trade usually passes

    Premiums for ships have "increased significantly" following the Houthi attacks, according to Frederic Denefle, head of Garex, a French firm specialized in marine risk insurance

  • Jordan, Oman sign agreements to ramp up investments

    Amman, Jordan--Jordan and Oman have signed a raft of agreements to boost direct investment in both the countries.The first memorandum...

    In 2022, Jordan exported $70.2 million worth of goods to Oman, while Jordan imported $57.4 million worth of goods from Oman

    The agreements between the two countries aim to establish partnerships for investment and trade between the two business sectors