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ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

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.
  • China slams US sanctions over Iran aircraft program

    Washington last week slapped sanctions on "seven individuals and four entities" based in Iran, China, Russia and Turkey it said had facilitated shipments and financial transactions involving Tehran's military hardware program. The United States accuses Iran of supplying Russia with drones, which have become a major feature of Moscow's war...
  • Bahrain says 2 soldiers dead in attack near Saudi-Yemen border

    The victims "were martyred while performing their sacred national duty to defend the southern borders of the sister Kingdom of Saudi Arabia", which has led a military coalition against Yemen's Houthi rebels since 2015, the military said in a statement. The incident occurred as Saudi Arabia is pushing for a...
  • Iran’s exports of agriculture products climb up 10% to US$1.62bn

    Tehran, Iran-- Iran's exports of agricultural products to the outside world shot up 10% in the first 5 months of this year, the Iranian customs administration reported on Monday,According to a report released by the Islamic Republic of Iran Customs Administration (IRICA) in the first 5 months of this year of...
  • Iran does not intend to build nuclear weapons: Raisi

    Defending his country's enrichment of uranium to 60 percent purity level, noting that it was a response to European states failing to live up to the 2015 nuclear agreement, Iranian President Ebrahim Raisi has categorically rejected the Western states' claim that Tehran intends to build nuclear weapons, in an interview...
  • ‘Protect the planet, natural resources and heritage’

    "The UAE is steadfast in its efforts to mitigate tensions and advocates for dialogue and diplomacy as means of resolution. We're committed to fostering a new paradigm to bolster economic collaboration among regional countries, benefiting both their economies and their people, and enhancing regional stability and prosperity," she adds.
  • Iran criticizes US statement on islands dispute with UAE

    Iran said it had called in the Swiss envoy to deliver a protest over a “provocative” US statement on its decades-old dispute with the UAE over three Gulf islands. The foreign ministry was reacting to a joint statement issued by the US and six Gulf Arab states backing UAE calls...
  • Netanyahu at UN issues ‘nuclear’ threat to Iran, later retracted

    Netanyahu, who has repeatedly used the UN stage to issue dark warnings about Tehran, briefly gave pause at the General Assembly when he appeared to threaten nuclear attack if Tehran pursues its own atomic bomb. "Above all -- above all -- Iran must face a credible nuclear threat. As long...
  • Iran, Djibouti resume diplomatic ties after 7 years

    Iran announced the restoring of diplomatic ties with Djibouti over seven years after it joined other regional nations in severing ties with Tehran in support of Saudi Arabia. The decision by the Horn of Africa nation came months after Shiite-dominated Iran and Sunni-majority Saudi Arabia resumed relations under a China-brokered...
  • Man shoots multiple times in Lebanon’s US embassy, no casualty

    Beirut, Lebanon - A gunman fired more than a dozen bullets at the US embassy in Beirut, Lebanese officials said on Thursday, with the diplomatic mission reporting no casualties in the late evening incident."At 10:37 pm local time (1937 GMT), small arms fire was reported in the vicinity of the entrance...
  • Houthis display military strength two days after Saudi talk

    Armored cars, missiles and thousands of uniformed fighters filed past Houthi dignitaries in a show of strength from the Iran-backed group, as a military jet buzzed overhead. The parade took place two days after a Houthi delegation left Riyadh following "positive" but inconclusive talks aimed at ending a war that has ravaged...
  • US commander ‘concerned’ over Iran-Russia drone tech sharing

    Modified Iranian drones used by Moscow in its war in Ukraine could feed back to Iran, which in turn may employ them in its campaign to prop up Syrian President Bashar al-Assad, Lieutenant General Alexus Grynkewich told a briefing in Abu Dhabi. Washington accuses Iran of supplying Moscow with drones...
  • Iran may trigger nuclear arms race, says Saudi Arabia

    Saudi Crown Prince Mohammad Bin Salman cautioned against the world witnessing another tragedy like Hiroshima in an interview, saying it would mean war against rest of the world.
  • Houthi and Saudi engage in ‘positive’ talks

    Saudi Arabia and Iran-backed Houthi rebels put a positive spin on the inconclusive talks in Riyadh as diplomatic efforts increased to end Yemen's war. The five days of talks were "positive", Saudi officials and a senior Houthi said, after the rebel delegation ended the first public visit to the Saudi...
  • Russian defense minister says Moscow-Tehran ties improving despite sanctions

    MOSCOW, RUSSIA – The cooperation between Moscow and Tehran is reaching new highs, Russian Defense Minister Sergey Shoigu said on Wednesday.“We are determined to implement the entire set of our planned activities despite opposition from the US and its Western allies,” Shoigu said during talks with Iranian Defense Minister Mohammad-Reza...
  • Syria’s Assad will visit China as Beijing boosts its reach in the Middle East

    Damascus, Syria - Syrian President Bashar Assad is set to make his first visit to China this week, highlighting China's continued support throughout Syria's 12-year conflict. China has been expanding its presence in the Middle East, mediating between Saudi Arabia and Iran earlier this year and aiding Assad's regime, which has...
  • Ronaldo helps Al Nassr to historic Asia Cup win in Iran

    Ronaldo played a key role in Nassr's opener just after the hour, the Portuguese instigating the move that led to Abdulrahman Ghareeb’s blocked shot cannoning off Persepolis full-back Esmaeilifar and nestling in the net. Ten minutes later, Nassr left-back Mohammed Qassem broke down the left and thumped his shot high past Beiranvand...
  • Biden pledges to extract ‘costs’ from Iran despite prisoner swap

    NEW YORK, US- President Joe Biden said the United States would keep piling "costs" on Iran despite a prisoner swap deal that freed five Americans on Monday.Biden confirmed that he was imposing new sanctions on Iran's intelligence ministry and former president Mahmoud Ahmadinejad for their involvement in "wrongful detentions.""Today, five innocent...
  • Five freed US detainees leave Iran in prisoner swap

    The five, who include a businessman and a conservationist, and who left Iran on a Qatari plane accompanied by two relatives, were freed in exchange for five Iranians held by the United States. The trigger for the exchange was the release of the $6 billion in funds, long frozen by...
  • Iran and Cuba to set up joint ‘technology and innovation’ center

    Tehran, Iran-- Iran and Cuba are looking to to set up a joint technology and innovation center to promote cooperation between the two countries’ technological companies.In a meeting held in Havana on Friday, Iran’s Vice-President for Science and Technology Ruhollah Dehqani and Cuba’s Minister of Science, Technology and Environment Elba...
  • Iran steel production to rise by 22% in two years to 55MT annually

    Tehran, Iran -- Iran’s annual steel production capacity is expected to increase by more than 22 percent within the next two years to reach 55 million metric tons (mt) by 2025, a senior member of the Board of Directors of the Iranian Steel Producers Association (ISPA) said.Bahador Ehramian stated that Iran’s...
  • IAEA denounces Iran over latest inspector exclusion

    Iran's foreign ministry said that the move to withdraw accreditation from several of the UN's nuclear watchdog inspectors was in retaliation for "political abuses" by the United States, France, Germany and Britain. But IAEA director general Rafael Grossi said that this would seriously hamper the ability of the IAEA to...
  • Iran denounces new Western sanctions on Amini death anniversary

    Slamming the new sanctions imposed by the Western countries on the Islamic republic, Iran's foreign ministry spokesman Nasser Kanani termed them as "illegal and undiplomatic actions." The US, Britain and the EU announced new sanctions against many entities on the eve of the first anniversary of Mahsa Amini's death in...
  • Iran seizes two oil tankers and arrests crews for alleged fuel smuggling

    Tehran, Iran - Iran has seized two oil tankers allegedly carrying smuggled fuel in the Gulf and arrested their crews, state television announced on Friday."The Revolutionary Guards naval forces seized two ships over the course of the last two days," state television said, citing Mohammad-Sharif Shirali, a Guards commander."The seized tankers......
  • Transfer of Iran’s unfrozen foreign assets to Qatari banks soon

    TEHRAN, IRAN  – The foreign minister of Qatar said the procedures for the transfer of Iran’s unfrozen foreign assets to Qatari banks will be finalized within the next week.Qatari Foreign Minister Sheikh Mohammed Bin Abdulrahman al-Thani made the comments in a telephonic conversation with his Iranian counterpart Hossein Amirabdollahian on...
  • Saudi hosts Yemen’s Iran-backed rebels for talks on ending war

    Houthis headed for Riyadh on an Omani plane, days after Saudi de facto ruler Crown Prince Mohammed bin Salman met Oman's sultan on his way back from the G20 summit in India. Oman has played a role as mediators in the conflict. "Optimism exists regarding the mediation and the Omani...
  • Yemen peace push: Houthi delegation to visit Saudi Arabia

    The Houthis' visit, expected within the coming days, will raise hopes of a breakthrough in the quagmire conflict that has left hundreds of thousands dead through direct and indirect causes such as famine. It comes five months after Saudi officials held talks in Sanaa, and as a UN-brokered ceasefire continues...
  • Relations with Iran will be strong, says Saudi envoy

    TEHRAN, IRAN - Saudi Arabia's Ambassador to Iran Abdullah bin Saud al-Anzi has said that relations between the two countries will be strong in all areas, including trade, economy and investment.Speaking to IRNA in Tehran, the Saudi envoy expressed satisfaction with the start of a new chapter in his country's...
  • Israel strikes on Syria kill two soldiers: state media

    During more than a decade of war in Syria, Israel has launched hundreds of air strikes on its territory, targeting Iran-backed forces and Hezbollah fighters as well as Syrian army positions. Israel rarely comments on individual strikes it carries out on targets in Syria, but it has repeatedly said it would not allow Iran...
  • US endorses transfer of funds to Iran in prisoner deal

    President Joe Biden's administration has insisted that Iran will only be allowed to use the money to buy food, medicine and other humanitarian goods. Iran had generated the $6 billion in question by selling its oil to South Korea, a close US ally, which froze the funds after the US...
  • Iran and Russia sign deal to build research spacecraft in two years

    Tehran, Iran-- Iran and Russia are looking to build a research spacecraft within two years and in this connection top universities from Iran and Russia have signed an agreement.In an interview with Tasnim news agency, the president of the University of Tehran said the academic center has recently signed an...
  • Iran-US non-oil trade reaches US$31m in January-July 2023

    TEHRAN, IRAN - The US Bureau of Statistics in its latest report said the trade between Iran and the United States in the first seven months of 2023 registered a 26 percent growth compared to the same period last year.The two countries traded over $31 million worth of non-oil products...
  • Iran’s oil exports to China touch all-time record in August

    Tehran, Iran--Iran’s oil exports to China hit an all-time record in August despite continued US pressure on the country, according to data from a major international energy data company.The Sunday report by Fars news agency said Iran’s oil exports to China had reached an average of 1.5 million barrels per...
  • Six arrested in Iran over planned rioting on Amini death anniversary

    Tehran, Iran - Authorities in Iran's southwest have arrested six people accused of "organizing riots" on the first anniversary of Mahsa Amini's death in custody which triggered nationwide protests, state media reported on Saturday.Amini, an Iranian Kurd, died on September 16, 2022, after her arrest in Tehran for alleged breach of...
  • Countries must cooperate to battle sandstorm threat, say UN, Iran

    Countries in the Middle East, Africa and Asia must work together to combat sand and dust storms made increasingly severe by climate change, the United Nations and Iran said. “I urge you to use your time in Tehran to build partnerships, increase cooperation and commit to practical action,” UN chief...
  • Russia’s largest bank launches new services in Iran

    Tehran, Iran--Russia’s largest lender, SBERBANK, is presenting a new service that allows its clients to transfer money to the Islamic Republic of Iran, the bank announced on Thursday.The service is available to both individuals and businesses using their Sber accounts, according to the bank.  “The money transfer service to Iran...
  • Russia’s Sberbank launches new tourism-oriented services in Iran

    Tehran, Iran -- Russia’s largest lender, SBERBANK, is presenting a new service that allows its clients to transfer money to Iran.The service is available to both individuals and businesses using their Sber accounts, Tasnim reported.“The money transfer service to Iran is new to us and the demand for it has...
  • Iran receives US$6.7bn foreign investment in May 2023 EXPO, says official

    TEHRAN, IRAN - Foreign companies and governments committed some US$6.7 billion worth of investments during an exhibition that was held in early May here, Iran’s deputy foreign minister for economic diplomacy affairs said.  Mehdi Safari said on Thursday that Iran seeks to break new records in foreign investment attraction and even...
  • Production of pick-up trucks and vans in Iran rises by 52-70%

    Tehran, Iran -- Production of pick-up trucks and vans in Iran in the first five months of the current Iranian calendar year (March 21 to August 22, 2023) registered a 52 and 70 percent growth respectively compared to the same period of last year, Tasnim News Agency reported.In this timespan,...
  • Saudi, Iran exchange ambassadors after years-long rupture

    Saudi Arabia's embassy in Tehran resumed operations last month. In June, Iran marked the reopening of its embassy in Riyadh with a flag-raising ceremony. Last month Iran's top diplomat, Foreign Minister Hossein Amir-Abdollahian, preached unity and dialogue during his first visit to Saudi Arabia since the surprise rapprochement was announced,...
  • Saudi Arabia and Iran two most influential countries in Islamic world: Raisi

    Tehran, Iran--Iran's President Ebrahim Raisi has termed Saudi Arabia and Iran as the two most influential countries in the region and the Islamic world as he lay emphasis on the need for strengthening relations between the two.The president made the remarks In a meeting with Iran's newly-appointed ambassador to Saudi...
  • UN nuclear watchdog ‘regrets’ lack of Iranian cooperation

    International Atomic Energy Agency (IAEA) director general Rafael Grossi "requests Iran to work with the agency in earnest and in a sustained way towards the fulfilment of the commitments," the agency said in a confidential report seen by AFP. Tehran in March vowed to reactivate surveillance devices which were disconnected...
  • Saudi and Iran to resume home-and-away matches: AFC

    The move by the two countries' football federations would contribute to "fostering closer ties between their respective footballing communities, allowing clubs to host matches on their home turf and visiting the respective away stadiums, creating a more engaging and exciting experience for the fans and players alike," the Asian Football...
  • Iran expects cooperation with Turkey to grow in Erdogan’s new term

    Tehran, Iran-- Iran's President Ebrahim Raisi expects cooperation between his country and Turkey to grow during the "new term" of Turkey's President, Recep Tayyip Erdogan.The president made the remarks during a meeting with with the visiting Turkish foreign minister and his accompanying delegation in Tehran on Sunday.Referring to the cultural...
  • Iran targets $30bn in annual trade with Turkey: Amirabdollahian

    Tehran, Iran -- Iran and Turkey target $30 billion in annual trade in their endeavor to broaden political and economic relations, Iran's Foreign Minister Hossein Amirabdollahian said Sunday.Speaking at a joint press conference with his Turkish counterpart Hakan Fidan, held in Tehran on Sunday, Amirabdollahian said they have held extensive...
  • Iran’s oil output capacity up 40 percent in two years: Oil Minister

    Tehran, UAE -- Iran’s oil production capacity has increased 40 percent in two years with the rise in investment in semi-finished oil projects, the country's Minister of Oil Javad Owji said Sunday.He said since the beginning of the administration of President Ebrahim Raisi, in August 2021, increasing investment opportunities in...
  • Iran receives first batch of Russian combat trainer jets

    According to an Iranian media outlet, a batch of advanced Yak-130 training aircraft flew into the Shahid Babaei Air Base in Isfahan in central Iran, part of the Islamic republic's arms contracts with Russia. The army's public relations department said that jets will improve the training and combat capability of...
  • Iran and Syria sign agreement to build rail connection via Iraq

    Tehran, Iran-- Iran and Syria have signed an agreement to connect the rail network between the two countries through Iraq.Mehrdad Bazrpash, Iran's Minister of Roads and Urban Development, made the announcement at the inauguration ceremony of the construction of the Shalamcheh-Basra railway on Saturday. "The construction of the Shalamcheh to Basra...
  • Clashes hit Kurdish-held east Syria after curfew

    BEIRUT, LEBANON - Sporadic clashes took place on Saturday in a Kurdish-held area of eastern Syria, a monitor said, after a curfew was imposed following the arrest of an Arab armed group's leader.Fighting erupted in the Kurdish-controlled areas of Deir Ezzor province on Monday after the Kurdish-dominated Syrian Democratic Forces (SDF)...
  • Nobel Foundation withdraws invitation to Russia, Belarus envoys

    Ukrainian foreign ministry spokesman Oleg Nikolenko wrote on Facebook that the foundation should support efforts to isolate Russia and Belarus as "millions of Ukrainians suffer from an unprovoked war and the Russian regime is not punished for its crimes". Swedish Prime Minister Ulf Kristersson also said he disagreed with the...
  • Iraq-Iran rail link to facilitate travel, tourism and medical treatments

    Iraq's prime minister inaugurated construction work on what is slated to become the first railway line connecting the country to neighboring Iran. The "Basra-Chalamja connection project" will link the major port city of Basra in southern Iraq to Iran's vast railway network through the Chalamja border crossing, a transport ministry...