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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.
  • UK Prime Minister to talk trade, Middle East during Gulf visit

    London, United Kingdom -- Britain's leader Keir Starmer makes his first trip to the Gulf as prime minister from Sunday, seeking to attract investment from the region's oil-rich states, Downing Street announced.Starmer will first visit the United Arab Emirates and then travel to Saudi Arabia, before stopping off in Cyprus on...
  • Demarai Gray quits Everton to join Saudi Arabia’s Al-Ettifaq

    London, United Kingdom - Demarai Gray has left Everton for Al-Ettifaq ahead of Thursday's transfer deadline in the Saudi Pro League.The 27-year-old forward is the latest Premier League player to head to the Gulf nation, joining former Liverpool midfielder Jordan Henderson at the club managed by Steven Gerrard.Gray's departure from Goodison...
  • Smart factories transform manufacturing across GCC

    Saudi Arabia and UAE lead the region in rapidly embracing the Fourth Industrial Revolution, shifting from traditional factories to smart ones.
  • Liverpool turns down Al-Ittihad $190m offer for Mohamed Salah

    LONDON, UK - Liverpool have rejected a blockbuster £150 million ($190 million) offer for Mohamed Salah from Saudi Arabian side Al-Ittihad, according to reports on FridayEgypt star Salah has been linked with a move to the Gulf State for several weeks and it is believed a verbal offer was made to...
  • Gulf Federation for Electronic Sports formed, will develop regional talent

    Riyadh, Saudi Arabia - The Gulf Federation for Electronic Sports was established Thursday on the sidelines of the Next World Forum, to support, nurture, and develop Gulf talents through annual tournaments hosted by all countries.The launch was attended by the Chairman of the Board of Directors of the Saudi E-Sports...
  • Abu Dhabi to unveil one of world’s biggest airport terminal

    Dubai, UAE - An airport terminal able to handle up to 45 million passengers a year will open in Abu Dhabi in November, state media said Thursday, accelerating competition in the crowded Gulf market.Terminal A in the oil-rich United Arab Emirates capital, touted as one of the world's biggest, will be...
  • Iraqi security forces seize 15 tons of illegal drugs and precursor chemicals

    War-scarred Iraq, originally mainly a drug transit country, has faced an explosion in narcotics use in recent years, mainly of captagon and crystal meth.
  • Another Saudi sports push: PIF buys stake in US mixed martial arts league

    Combining elements of everything from boxing to judo and Muay Thai, mixed martial arts (MMA) had a limited following in Saudi Arabia just a decade ago, but that started to change when the kingdom hosted the popular regional Desert Force competition in 2014.
  • Sharjah to host Gulf-Iraq business forum to ramp up economic ties

    Sharjah, UAE--Sharjah will host the first-ever Gulf-Iraq Business Forum on 26th and 27th September to boost economic ties between the GCC and Iraq.The event is an initiative of the Federation of GCC Chambers and is being organized in partnership with the Federation of UAE Chambers of Commerce and Industry (FCCI),...
  • Iran inaugurates final phase of country’s largest gas field

    The South Pars gas field is one of the world's largest natural gas condensate fields. Iran shares the gas field with energy giant Qatar and there are 24 platforms on the side of the Islamic republic which has been developing it in the Gulf since the 1990s.
  • Spanish footballer Veiga to play for Saudi club Al Ahli

    Gabri Veiga, one of Spain's most promising young players, signed for Saudi Arabian side Al-Ahli from Celta Vigo in a move greeted with disquiet in Spain. Clubs in the Gulf state have signed several of football's top veteran stars this summer on huge deals, including Ballon d'Or holder Karim Benzema...
  • GCC chief stresses importance of strategic partnership with US

    Riyadh, Saudi Arabia--GCC Secretary General Jasem Albudaiwi has emphasized the importance of Gulf-US strategic relations that support joint cooperation and coordination across all fields.In a statement today, he highlighted the outcome of the joint meeting which was held last June between the GCC foreign ministers and the USA.The GCC chief...
  • Saudi MMA players out to ‘prove themselves’

    Mixed Martial Arts became popular in the kingdom since 2014, when it hosted the regional Desert Force competition.
  • US beefs up military presence in Gulf over Iran oil tanker ‘threat’

    Three thousand additional US personnel on troop-landing warships have already passed through the Red Sea, and US-led maritime forces are warning ships against approaching Iranian waters. The moves follow a spate of capture and attempted capture of ships in and around the Strait of Hormuz, the U-shaped gateway to the...
  • Brazil footballer Neymar to join Saudi Arabia’s Al-Hilal

    Paris, France - Brazil forward Neymar has signed for Saudi Arabia's Al-Hilal from Paris Saint-Germain, the clubs announced on Tuesday, joining Cristiano Ronaldo and Karim Benzema as the latest big name lured to the Kingdom."I am here in Saudi Arabia, I am Hilali," Neymar said in a video posted to Al...
  • US special Yemen envoy Lenderking’s Gulf tour to push for longer truce

    "The United States is committed to supporting a resolution to the Yemen conflict as soon as possible. We are working closely with the UN, Saudi Arabia, UAE, Oman, and other partners to build on the UN-mediated truce, which has delivered the longest period of calm since the war began, and...
  • Naval forces in Gulf warn ships against nearing Iranian waters

    "Vessels are being advised to transit as far away from Iranian territorial waters as possible" to minimize the risk of seizure, US Fifth Fleet spokesperson Commander Tim Hawkins told AFP. The International Maritime Security Construct (IMSC), led by Washington, is "notifying regional mariners of appropriate precautions to minimize the risk...
  • Kuwait bars Barbie movie from theatres citing ‘public ethics’

    Kuwait City, Kuwait - Kuwait has barred hit film Barbie from cinemas over concerns about "public ethics", officials have said, also confirming a separate ban on a horror movie featuring a transgender actor.Barbie and Talk to Me both "promulgate ideas and beliefs that are alien to the Kuwaiti society and public...
  • Lebanon urges calm after Gulf states issue travel advisory

    "The situation in Ain al-Helweh camp has now calmed down," Interior Minister Bassam Mawlawi said referring to south Lebanon's restive Palestinian camp. "Security and intelligence services... have no information that the situation could spin out of control and spill over to other camps," he said.
  • Kuwait bars film from screening for showing trans actor

    The film titled 'Talk to Me' features Australian actor Zoe Terakes. (AFP)
  • Lebanon’s minister backtracks on Kuwaiti aid comments

    BEIRUT, LEBANON - A Lebanese minister on Saturday sought to clarify comments condemned by Kuwait over aid money to rebuild Beirut's grain silos that were destroyed in a devastating port blast three years ago.The oil-rich Gulf state in 2020 said it was ready to rebuild the storehouses, which Lebanon had constructed...
  • Blazing heat spurs record energy consumption in Bahrain

    Life in Bahrain largely moves indoors during the summer months, with the ever-present Arctic blast of air-conditioning systems.
  • Iran guards launch naval drills near Gulf islands claimed by UAE

    Tehran, Iran - Iran's Revolutionary Guards launched naval drills on Wednesday near strategic Gulf islands controlled by Iran but claimed by the United Arab Emirates, state media said.The manoeuvres, which were being held mainly near Abu Musa island but also around Greater and Lesser Tunb, came two weeks after the United...
  • French footballer Maximin to play for Al-Ahli after three-year deal

    Paris, France - French winger Allan Saint-Maximin on Sunday signed a three-year deal with Saudi Arabia's Al-Ahli after leaving English club Newcastle as the cash-rich and ambitious Gulf kingdom's league snared another top-level player."We pick the best, and he's one of them," Al-Ahli said on social media.The financial terms of the...
  • Saudi club Al-Ettifaq signs English footballer Jordan Henderson

    Liverpool, United Kingdom - Liverpool captain Jordan Henderson completed his move to Saudi Pro League side Al-Ettifaq on Thursday, becoming the latest big-name player to be lured to the Gulf state.The England midfielder, who posted a farewell message on Wednesday, has ended a 12-year stay at Anfield, during which he won...
  • Kuwait records its first fiscal surplus in nine years on oil prices surge

    The Gulf emirate, whose revenues rely heavily on hydrocarbons, closed its fiscal balance with a surplus of $21 billion, the ministry said. More than 92 percent of revenues came from oil after prices surged following last year's Russian invasion of Ukraine.
  • Iraqi forces seize million captagon pills as drug trade surges

    Authorities in Iraq -- a key conduit for the amphetamine-type drug -- regularly announce such operations in which large hauls of captagon are seized, often coming from Syria with which it shares 600-kilometre (370 miles) porous border.
  • Turkish President Erdogan concludes economy-driven Gulf tour in UAE

    The Comprehensive Economic Partnership Agreement (CEPA), signed in March, has further enhanced bilateral economic collaboration. The CEPA sets the stage for increased non-oil intra-trade, job creation, and a significant boost in UAE exports to Turkey.
  • Energy security and supplies dominate Qatar Emir-Japan PM talks

    Kishida and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani discussed "developments related to energy security and supplies," the Qatari leader said in a statement. They will attend a Japan-Qatar meeting that aims to "promote cooperation in energy security and in the field of clean energy and decarbonization," said Japan's foreign ministry.
  • Turkey’s ‘biggest ever’ defense deal inked during Erdogan’s Saudi visit

    Haluk Bayraktar, CEO of the drone manufacturer which is co-run by one of Erdogan's sons-in-laws, in a tweet called the deal "the biggest defence and aviation export contract in the history of the Turkish Republic". The value of the deal has not been made public.
  • Qatari small and medium-sized companies sign deals worth US$201m in H1

    Doha, Qatar--Small and medium-sized companies in Qatar have signed deals worth $201 million during the first half of 2023, benefiting from the various services of the Qatar's Export Development & Promotion Agency (Tasdeer). In a report, Tasdeer highlighted the momentum witnessed by the participation of small and medium-sized companies in...
  • Erdogan seeks foreign investment on Gulf tour, begins with Saudi Arabia

    Turkish President Recep Tayyip Erdogan has embarked on a three-state Gulf tour, beginning with Saudi Arabia, as he seeks to attract foreign investment in Turkey's ailing economy. The visit comes as Turkey battles currency collapse and soaring inflation. The Saudi-Turkish business forum was aimed at enhancing trade and investment relations.
  • UAE, India pledge for success of Dubai’s COP28 event

    The UAE and India vowed to make this year's COP28 conference in Dubai a success, as Indian Prime Minister Narendra Modi paid a visit to the Gulf state. The oil-rich UAE will host the COP28 UN climate talks in November and December, as nations are still far on means to...
  • Four Gulf sovereign wealth funds among world’s top ten

    Abu Dhabi Investment Authority ($853 billion) and Kuwait Investment Authority ($803 billion) ranked fourth and fifth respectively, while Saudi Arabia's PIF was sixth in terms of assets. ADIA invests, on behalf of the government of Abu Dhabi, in equities, bonds, real estate and infrastructure., with most of its investments concentrated...
  • FIFA bars Saudi club Al-Nassr from admitting new recruits

    LAUSANNE, SWITZERLAND - Cristiano Ronaldo's Saudi club Al-Nassr are banned from registering new players until unpaid debts are settled, FIFA said on Thursday.The team "is currently prevented from registering new players due to outstanding debts", a FIFA spokesperson told AFP, without revealing the amount of the debts.World football's governing body did...
  • Saudi Arabia’s Al-Ettifaq hires former Liverpool star Steven Gerrard as coach

    Riyadh, Saudi Arabia--Former Liverpool captain Steven Gerrard is the latest star name to make the move to Saudi Arabia after signing a deal to become head coach of Al-Ettifaq.The 43-year-old has been out of the game since being sacked by Aston Villa in October.Gerrard had previously said he had turned...
  • Kuwait calls for border talks with Iran over gas field

    KUWAIT CITY, KUWAIT -  Kuwait reinvited Iran on Monday to talks on their sea borders after Tehran said it was ready to start drilling in a disputed gas field in the resource-rich Gulf.Kuwait insisted it held "exclusive rights" to the maritime field along with Saudi Arabia, after the neighboring countries agreed...
  • Gulf oil states on a charm offensive across South Pacific

    The Pacific bloc represents 12 of 55 votes in the United Nations' Asia-Pacific region, which also includes Saudi Arabia and the UAE. Pacific affairs expert Stewart Firth said "influence comes at a cheap price" in the small, developing economies that make up the Pacific.
  • Iranian pilgrims at ease during hajj post Riyadh-Tehran detente

    MECCA, SAUDI ARABIA- If a landmark reconciliation between Saudi Arabia and Iran has eased tensions in the Gulf, clouds have also lifted at the hajj pilgrimage, where Iranian visitors finally feel welcome again.Seven years of enmity between the Sunni and Shiite powers had made for a cool reception for Iranian pilgrims...
  • Aramco, TotalEnergies to construct petrochemical unit in Saudi Arabia

    Saudi Aramco and France's TotalEnergies signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two companies said. A signing ceremony for the engineering, procurement and construction contracts for the Amiral complex took place at Aramco's headquarters in Dhahran, in Saudi Arabia's Eastern Province.
  • Iran foreign minister rounds out Gulf tour with UAE visit

    Hossein Amir-Abdollahian's visit to the UAE followed stops in Qatar, Kuwait and Oman -- the latest in a flurry of diplomatic moves by Tehran as it seeks to reduce its isolation, improve its economy and project strength. He discussed "bilateral relations and ways to enhance cooperation" with UAE President Sheikh...
  • Iran foreign minister holds talks with Omani counterpart

    ran said last week it had been engaged in indirect negotiations with the United States through Oman, with nuclear issues, US sanctions and detainees on the agenda. The following day, Iran's nuclear negotiator said he had met with diplomats from three European countries in Abu Dhabi to discuss a number...
  • Gulf nations stress on cementing unity, pledge support for Palestine

    Riyadh, Saudi Arabia -- The Ministerial Council of the Gulf Cooperation Council (GCC) has stressed the need for coordination, integration and interdependence among GCC countries in all fields.At its 156th session on Sunday, the Council focused on strengthening joint Gulf action, with the Council reviewing the integration process among GCC...
  • US remains invested in Gulf partnerships, Blinken tells diplomats

    Blinken spoke during a Gulf Cooperation Council ministerial meeting in the capital Riyadh following talks with Saudi Foreign Minister Prince Faisal bin Farhan and Crown Prince Mohammed bin Salman.
  • UAE withdraws from US-led coalition that secures Gulf waterways

    "As a result of our ongoing evaluation of effective security cooperation with all partners, two months ago, the UAE withdrew its participation in the Combined Maritime Forces," a statement carried by the official WAM news agency said. The Bahrain-headquartered CMF was established in 2001, initially as a partnership between 12...
  • Iraq and Iran discuss boosting ties in transportation sector

    Baghdad, Iraq--Iraq is looking to deepen cooperation with Iran in the transport sector and facilitate the movement of pilgrims between the two countries. The issue was discussed in a meeting in Baghdad between the Iranian and Iraqi ministers focusing on the ways to expand cooperation between the two countries.The meeting occurred...
  • Kuwait’s court upholds dissolution of 2022 parliament

    Kuwait - Kuwait's Constitutional Court has upheld a previous ruling that declared the September 2022 parliamentary election void, in which the opposition had made gains, Reuters reported. The court rejected an appeal against this decision, which was filed by members of the 2022 parliament who argued that the court had exceeded...
  • Iran appoints envoy to Saudi Arabia after seven years

    The new envoy, Alireza Enayati, previously served as Iran's ambassador to Kuwait, assistant to the foreign minister and director general of Gulf affairs at the foreign ministry, the English-language Iran Daily said. There was no immediate confirmation of his appointment from the foreign ministry of the Islamic republic.
  • Gulf oil giants turn to start-ups in bid to promote carbon capture

    With little investment and few projects in operation around the world so far, the technology to capture carbon before it goes into the atmosphere as a potential global warming solution is currently nowhere near the scale needed to make a difference to global emissions.
  • Iran’s trade with six Arab countries climbs up to US$35bn in 2022-2023

    Tehran, Iran--Iran's trade with six Arab states has vaulted to $35.11 billion in the fiscal year of 2022-2023, according to the latest data released by the Islamic Republic.According to Iran Customs Administration, the Islamic Republic traded 58.25 million tons of goods (excluding crude oil exports) worth $35.11 billion with the...
  • US to bolster presence in Gulf after Iran threat, says White House

    The United States said it was sending reinforcements to the Gulf after what it called increasing harassment by Iran of ships in the oil-rich waters. "The Department of Defense will be making a series of moves to bolster our defensive posture" in the Gulf, National Security Council spokesman John Kirby...