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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.
  • UAE president Sheikh Mohamed Zayed to visit Putin in Moscow

    Sheikh Mohamed bin Zayed Al-Nahyan "will discuss with President Putin the friendly relations between the UAE and Russia along with a number of regional and international issues and developments of common interest," sate news agency WAM said.
  • IMF, GCC agree Middle East reforms dialogue must continue: Georgieva

    At the end of her two-day visit to Saudi Arabia, she hailed the kingdom's strong “economic performance and impressive progress in implementing their Vision 2030 reform agenda, notably the doubling of the share of women in the labor force in just four years”.
  • Fossil fuels make up 90 percent of Middle East air pollution: Study

    In 2017, an international team of researchers set off on an epic voyage across the eastern Mediterranean, through the Suez Canal and around the Gulf. They found that the vast majority of small particles -- which can penetrate deep into the lungs -- came mainly from the production and use...
  • German chancellor to visit Saudi seeking energy support

    Scholz, whose two-day trip next weekend will also take him to Qatar and the United Arab Emirates, becomes the latest Western leader to meet with the Crown Prince Mohammed bin Salman. In July, French President Emmanuel Macron held talks with the crown prince in Paris, and US President Joe Biden...
  • Away game: Qatar World Cup looms as money-spinner for Dubai

    With little investment the UAE, and in particular Dubai, stands to gain if, as expected, supporters opt to stay in the tourism hotspot instead of tiny Gulf neighbor Qatar during the November-December tournament. High accommodation prices in the Qatari capital Doha and Dubai's more permissive environment including a wider availability...
  • UAE earns $5bn from tourism in H1, expects more from World Cup

    A strong performance is expected this winter when neighboring Qatar hosts football's World Cup. Hotel occupancy was up more than 40 percent in Covid-hit 2021, UAE prime minister and Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said after a cabinet meeting.
  • Pentagon combines sea drones, AI to police Gulf region

    The year-old program operates numerous unmanned surface vessels, or USVs, in the waters around the Arabian peninsula, gathering data and images to be beamed back to collection centers in the Gulf. The program operated without incident until Iranian forces tried to grab three seven-meter Saildrone Explorer USVs in two incidents,...
  • Egypt to set up framework to regulate streaming platform content

    Egypt is to establish a licensing framework for digital entertainment platforms like Netflix that will require them to conform to the majority-Muslim country's "social values," the regulatory body said. The announcement late Wednesday comes just days after Saudi Arabia and its Gulf neighbours asked Netflix to drop content that conflicted...
  • Gulf states warn Netflix over content that ‘contradicts’ societal values

    Riyadh--Saudi Arabia and neighbouring Gulf countries on Tuesday accused streaming giant Netflix of broadcasting content that "contradicts Islamic and societal values" and threatened legal action if it was not removed. A statement issued jointly by the Saudi media regulator and the six-member Gulf Cooperation Council, headquartered in Riyadh, did not...
  • Gulf Navigation repays loan

    The $2.7m loan was financed by "Rasmala" for a vessel.
  • Pentagon says Iran seized, and later released, US navy vessel

    The US Central Command's 5th Fleet said a support ship from Iran's Islamic Revolutionary Guard Corps Navy, the Shahid Baziar, was spotted towing the seven-meter (23-foot) Saildrone Explorer unmanned surface vessel (USV) late Monday.
  • Electronic payments scan more success than cash

    Despite ease in the measures set to combat the COVID-19 pandemic, electronic payments in the Gulf countries surged more than cash transactions in several other Arab countries.
  • Saudi to provide multiple entry visas for tourists during world cup

    The move comes as Qatar, which has a population of 2.8 million, tries to accommodate an expected 1.2 million visitors during the November 20-December 18 World Cup, and as Saudi Arabia ramps up efforts to attract tourists.
  • Two new solar projects to double Qatar’s renewable energy output

    Qatar on Tuesday announced two major solar projects that will more than double its energy output from the renewable source within two years. Energy Minister Saad Sherida al-Kaabi hailed the new development as a major step in efforts to "increase the reliance on high-efficiency renewal energy" in the Gulf state,...
  • Unified financial network set to boost Gulf economies

    GCC countries are accelerating economic integration by activating the financial links between companies, banks, and stores to make life smoother for citizens and residents.
  • Qatar buses feel the World Cup heat in tournament test

    Getting the football hordes around the city and between the eight stadiums promises to be one of the biggest challenges. In the first scrutiny of their years of preparations, organisers mimmicked the schedule for the busiest days of the tournament when about 300,000 fans could be in Doha at the...
  • Demand boost, price rise lift profits of Gulf oil firms

    GCC countries have witnessed financial surpluses in their budgets for the first time in a long time on the back of increase in oil prices, strengthening their credit ratings.
  • Qatar World Cup to start a day early to allow host play opening game

    The opening match is scheduled to be held at the 60,000-capacity Al Bayt stadium, one of seven new venues purpose-built for the tournament since Qatar was awarded the World Cup in 2010.
  • “US lives in solipsistic fantasies”

    Diminished leverage in the Gulf region makes Washington a less compelling partner than it once was, says Chas W Freeman, Former US Ambassador to Saudi Arabia.
  • Eye-popping: Saudi prince unveils mirrored skyscraper eco-city

    A futuristic Saudi megacity is to feature two skyscrapers extending across a swathe of desert and mountain terrain, according to the latest disclosures on the project by the kingdom's Crown Prince Mohammed bin Salman. The parallel structures of mirror-encased skyscrapers extending over 170 kilometres (more than 100 miles), known collectively...
  • Gulf boosts oil production amid global fuel crisis

    Saudi oil giant Aramco has built new refineries in Jazan to boost its production capacity to 400,000 barrels a day to compensate for the fuel shortage triggered by curbs against Russia.
  • Skilled worker shortage hits Qatar, Kuwait: Report

    75 percent of respondents in Kuwait and 60 percent in Qatar said their country has a shortage of people with specialised skills.
  • GCC countries likely to issue less debt this year

    The Gulf region seems to have a better fiscal positions thanks to high oil prices and the recovery of the economies from the Covid-19 related woes.
  • What Gulf netizens searched for in 2021?

    Google's yearly report of top trending searches reveals the most popular keywords and topics across different categories, such as 'How to' or 'the most searched recipes'.
  • Digitization to see more GCC women enter workforce

    Although the number of female STEM graduates is high in GCC, this couldn't translate into proportionate increase in workforce, says Christine Harb from Global Brand Council at VISA.
  • Iran Guards say ship smuggling fuel seized in Gulf, 7 arrests

    Iran's Revolutionary Guards said Friday they seized another vessel smuggling fuel in the Gulf and arrested its seven crew members, the second such incident in as many weeks. "Naval forces have seized a vessel carrying smuggled fuel in the Persian Gulf," said Gholamhossein Hosseini, a public relations official of the...
  • Iraq cleans up river as first green projects take root

    The 200 volunteers at work in Baghdad remove garbage from a stretch of one of the mighty rivers that gave birth to the ancient civilizations of Mesopotamia.
  • Iran seizes fuel-filled boat in Gulf, arrest 11

    Iran's Revolutionary Guards have seized a foreign boat smuggling fuel in the Gulf and arrested its 11 crew members, a senior justice official said Saturday.
  • DEWA raises $6.1bn for GCC’s second-largest IPO

    The Dubai Electricity and Water Authority said Wednesday it had raised $6.1 billion for the Gulf's second-largest IPO since 2019. Some nine billion shares will be listed from April 12 on the Dubai stock exchange, with the price set at $0.68.
  • US Special Envoy for Yemen to visit Gulf for conflict resolution

    US Special Envoy for Yemen Tim Lenderking will travel to the Gulf starting March 28 to continue leading U.S. diplomatic efforts to advance a durable resolution to the conflict in Yemen and bring immediate relief to the people of Yemen, US State Department said in a statement. Yemenis deserve a...
  • Gulf region’s biggest wellness festival begins in Saudi Arabia

    The AlUla Festival for Recreation and Relaxation, which is considered the largest festival of relaxation and wellness in the Gulf region and the first of its kind, began on Saturday in the Saudi tourist destination of AlUla. The festival kicked off with the opening of the “Five Senses Sanctuary”, which...
  • Gulf Cooperation Council seeks to host Yemen’s warring parties for talks

    Gulf Arab countries are seeking to host rare talks between Yemen's warring parties, including the Iran-backed Houthi rebels, in Riyadh at the end of the month, officials said on Tuesday. Yemen, the Arab world's poorest country, has been wracked by a devastating war since 2014, pitting the Houthis against the...
  • Can Gulf producers tame oil prices?

    However, Gulf countries have an interest in acting in coordination — both within OPEC, and with Russia-led allies in the OPEC+ group — to avoid a price war and keep control over the market.
  • Is GCC inflation getting out of control?

    Central bank action and risks to financial stability must be carefully monitored and managed as loose monetary policy is unwound. A sudden rise could cause a shock to the Gulf economies leading to a recession.
  • Bahrain’s Growth Dynamics

    Bahrain has a $90 per barrel breakeven oil price, so the country is moving forward with serious economic diversification plans among which is to become the Fintech hub.
  • E-commerce in F&B sector in Gulf is projected to reach $71.62 bn by 2028

    E-commerce in the F&B industry is booming with recent research forecasting it to reach USD71.62 billion by 2028, registering a compound annual growth rate of 17.8 percent. The steep upward trajectory is driven by several key factors, including sweeping consumer shifts towards online shopping for groceries, ready-to-eat food deliveries and...
  • Cooper Fitch forecasts strong GCC hiring activity to continue in 2022

    The Gulf Cooperation Council region witnessed a 40 percent rise in job creation in the last quarter of 2021 compared to the corresponding period of 2020, and hiring activity will continue to strengthen in 2022, said recruitment specialist Cooper Fitch. Job creation across the region was driven primarily by a...
  • Iran wants better relation with neighbors, says official

    Since connecting with neighbors is of utmost importance in Iran’s foreign policy, the current administration has set a transparent framework for this policy.
  • Israel signs defense agreement with Bahrain in Gulf first

    Defense Minister Benny Gantz, making his first visit to Bahrain, said the memorandum of understanding, that covers intelligence, procurement and joint training, takes the countries' relationship to "new heights". Bahrain and the United Arab Emirates (UAE) normalized relations with Israel in Sept. 2020.
  • Qatar ranks 2nd in Gulf countries on corruption perceptions index

    The index draws its data from a number of indicators issued by reputable international organizations, such as the World Competitiveness Yearbook.
  • 5G fears: US airports land into trouble

    In the United States, the 5G usage near airports have been opposed by many airlines, which claim that it may disrupt aircraft radar measurement devices, which inform pilots of the height of their aircraft above the ground. Several Arab countries, meanwhile, have already embraced 5G, and others are expected to...
  • US values the role Kuwait plays as advancer of peace: Antony Blinken

    US Secretary of State Antony Blinken affirmed that his country places "tremendous value" on the role that Kuwait plays as an "advancer of peace." Blinken was quoted by local media as saying, "Kuwait plays, an almost unique role that it plays as a facilitator, mediator, advancer of peace and leading...
  • Crown Prince Salman-headed Group to develop Saudi gaming industry

    Saudi Arabia has launched a group to develop its video gaming industry, state media reported Wednesday, as the kingdom seeks to diversify its oil-dependent economy. Video gaming and esports have grown in popularity in the kingdom of some 35 million people, the majority of whom are under the age of...
  • S&P warns of fewer sukuk issues during 2022

    Sukuk issuance volumes will not grow significantly in 2022 as global interest rates rise and funding needs for Gulf economies fall, according to a report from S&P Global Ratings.
  • Kuwait, Saudi Arabia should develop trade, investment cooperation: KCCI

    Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired economic goals.
  • EU expects more GCC investors for its special program: Official

    On 12th October 2021, the European Commission issued its first-ever NextGenerationEU green bond
  • Kuwaitis told to avoid European travel over Omicron surge

    Kuwait has called on its citizens to avoid travel to several European countries hit hard by the Omicron coronavirus variant. In a series of statements overnight Sunday, the oil-rich Gulf state also urged  Kuwaitis already there to return home because of the surge in cases on the continent. The foreign ministry...
  • Several Gulf countries renew weather advisories after heavy rains

    Authorities in several Gulf countries renewed weather warnings on Sunday as several days of heavy rains batter the usually arid region. Gulf countries usually experience mild winters, with the exception of rare and brief episodes of flooding rains between November and January. Such weather is highly disruptive in the region,...
  • Saudi camel beauty pageant hit by cheating

    The King Abdulaziz Camel Festival is an annual bedouin event held in the desert northeast of Riyadh that lures breeders from around the Gulf with prize money of up to $66 million.
  • Queen Elizabeth II holds in-person meeting with Oman’s sultan

    Queen Elizabeth II on Wednesday made a rare public appearance, hosting Oman's Sultan Haitham bin Tareq and his wife, Sayyida Ahad bint Abdullah, at Windsor Castle. The 95-year-old monarch has cut back on her engagements since an overnight hospital stay in October that raised fears for her health and prompted...