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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.
  • Kremlin slams Macron claims Russia trying to undermine Olympics

    Moscow, Russia - The Kremlin on Friday blasted as "unacceptable" French President Emmanuel Macron's claims that Russia was trying to undermine the Paris Olympics through a disinformation campaign.Macron had said Thursday that Moscow was trying to promote the narrative that France was unable to host the Games and that the event...
  • Turkey envoy meets Zelensky in Ukraine amid mediation

    Turkey hosted a meeting between Moscow and Kyiv negotiators in Istanbul and another between Russian Foreign Minister Sergei Lavrov and Ukrainian counterpart Dmytro Kuleba in Antalya in March. Turkish President Recep Tayyip Erdogan is now trying to pave the way for an Istanbul summit between Russian President Vladimir Putin and...
  • Erdogan tells Putin ‘ready to do more’ to end Ukraine war

    Turkish President Recep Tayyip Erdogan told Russia's Vladimir Putin on Thursday that Ankara was ready to do more to end the war in Ukraine after helping arrange a Russian-US prisoner swap. The swap took place in Turkey "under the coordination and supervision of the National Intelligence Organization."
  • Turkey may still buy missile system from Russia

    NATO member Turkey said it was still talking to Russia about procuring the second batch of one of its most advanced missile defense systems despite the war in Ukraine.
  • Russia boycott echoes in UAE retail market

    Chanel stores in the UAE reportedly refused to sell products to Russian customers unless they signed a document committing not to use the products in Russia.
  • HSBC Q1 pretax profits down 30%

    Higher-than-expected credit losses and inflation are to blame.
  • Russia warns of WW3 as West plans more arms for Ukraine

    For months, Ukrainian President Volodymyr Zelensky has been asking Western allies for heavy weapons, vowing that his forces could turn the tide of the war with more firepower. The calls appear to be resonating now, with a host of NATO countries pledging to provide a range of heavy weapons and...
  • Putin congratulates Macron, wishes him ‘success’: Kremlin

    Russian President Vladimir Putin congratulated French President Emmanuel Macron on his re-election and defeat of far-right candidate Marine Le Pen, the Kremlin said Monday, as tensions remain over the Ukraine conflict. Macron was one of the few Western leaders to contact Putin since Moscow moved troops into Ukraine.
  • Top US officials visit Kyiv as Mariupol ‘on the brink’

    The United States' top diplomat and defence chief were in Ukraine's capital Sunday, Kyiv said, making the first high-level visit by US officials since Russia invaded two months ago as hundreds remain trapped in the besieged city of Mariupol. The trip by Secretary of State Antony Blinken and Defence Secretary...
  • UN chief to visit Turkey before trips to Russia and Ukraine

    Turkey has been trying to negotiate an end to the conflict between the two countries, hosting meetings between Russian and Ukrainian negotiators in its capital Istanbul, as well as a summit between the two countries' foreign ministers in Antalya.
  • Losing Russian energy would weigh on Europe’s economy: IMF official

    Europe can get by without Russian gas for six months, but beyond that, the economic impact would be severe, a senior IMF official told AFP. The region relies on Russia for the vast majority of its energy needs, especially natural gas, and IMF economists looked at the economic cost of...
  • Hopes down for Easter truce in Ukraine as Russia presses on

    Russian forces, which withdrew from around Kyiv and the north of Ukraine earlier this month after being frustrated in their attempts to take over the capital, already occupy much of the eastern Donbas region and the south.
  • Italy to scale down its dependence on Russian gas

    Italy is ethically obliged to stop buying Russian gas "soon" as the payments are funding the Ukraine war, the country's Ecological Transition Minister Roberto Cingolani said in an interview Thursday. The minister is currently on a two-day trip to Angola and Congo Republic seeking energy deals as Italy scrambles to...
  • Putin hails ‘liberation’ of Mariupol, but nixes steel plant raid

    President Vladimir Putin said the ‘liberation’ of Mariupol was a ‘success’ for Russian forces, but also ordered Defense Minister Sergei Shoigu to call off the planned storming of the Azovstal industrial area, dismissing it as "impractical". Around 2,000 Ukrainian forces are still in the plant.
  • European car sales take a hit from Ukraine war

    European car sales sank in March as Russia's invasion of Ukraine added more problems to a sector already struggling with shortages of semiconductors, industry data showed Wednesday. Passenger car registrations fell 20.5 percent compared to the same period last year, with 844,187 units sold, according to the European Automobile Manufacturers'...
  • Europe energy market: Will Qatar replace Russia?

    The United States has asked Qatar to supply gas to Europe if Russian supplies were disrupted due to Moscow's military operation in Ukraine and the consequent Western sanctions.
  • Egypt turns to India to import much needed wheat

    Egypt will import wheat from India to compensate for the loss of wheat supplies from Ukraine and Russia, the north African nation's main sources of wheat. El-Said Marzouq El-Qosair, Egypt’s minister of agriculture and land reclamation, said this comes within the framework of the state’s efforts to secure new sources...
  • Saudi Arabia wants political solution to Russia-Ukraine conflict

    Russian President Vladimir Putin on Saturday, April 16, called Saudi Crown Prince Mohammed bin Salman bin Abdulaziz.
  • Russia hits Kyiv missile factory after flagship sunk

    Russia pounded a Ukrainian rocket factory following the sinking of its Black Sea flagship, as President Volodymyr Zelensky said his allies could shorten the war by delivering the weapons he had requested. The Vizar factory, near Kyiv's international airport, was seriously damaged in the overnight strikes, an AFP journalist saw...
  • France urges cooperation with Algeria after Russia-Ukraine crisis

    France and Algeria have been attempting to improve their ties after a diplomatic crisis.
  • Russian flagship sinks after Kyiv claims missile hit

    Russia's Black Sea flagship sank on Thursday after an explosion and fire that Ukraine claimed was a successful missile strike, as the Kremlin accused Kyiv of targeting its citizens in sorties across the border. The Moskva missile cruiser had been leading Russia's naval effort in the seven-week conflict.
  • European Space Agency cuts lunar mission cooperation with Russia

    The European Space Agency on Wednesday ended cooperation with Russia on three missions to the Moon due to Moscow's invasion of Ukraine, following a previous decision to do the same for a Mars mission. The ESA said it would "discontinue cooperative activities" on Luna-25, 26 and 27, a series of...
  • World Bank says war in Ukraine raising risks for Middle East

    The war in Ukraine has "multiplied risks" for the Middle East and North Africa's poorer countries by raising food and energy prices, the World Bank said, warning of potential social unrest. In its latest update the development lender said inflationary pressures set off by Covid-19 "are likely to be exacerbated"...
  • ECB contends with high inflation and weak growth

    European Central Bank policymakers meet on Thursday faced with the challenge of threading a response between record-high inflation figures and weak growth due to the war in Ukraine.
  • Biden accuses Putin’s forces of ‘genocide’ in Ukraine

    President Joe Biden for the first time Tuesday accused Vladimir Putin's forces of committing genocide in Ukraine, where Russia was intensifying its campaign to subdue the devastated port city of Mariupol. Biden's accusation came as Moscow -- already accused by the West of widespread atrocities against civilians -- was feared...
  • WTO: War in Ukraine could halve 2022 global trade growth

    Russia's invasion created a crisis of 'immense proportions' and a 'severe blow' to the global economy. Russia's war in Ukraine could almost halve world trade growth this year and drag down global GDP growth too, the World Trade Organization (WTO) projected Monday. The WTO said that the Russian invasion dealt...
  • Italy PM in Algeria seeking gas to reduce Russia reliance

    Italian Prime Minister Mario Draghi arrived in gas powerhouse Algeria on Monday as Rome steps up efforts to reduce its heavy reliance on Russian energy imports. Italy buys the vast majority of its natural gas from overseas, with over 40 percent of those imports coming from Russia. But the war...
  • Ericsson pulls out of Russia

    Swedish firm said it was suspending its operations.
  • Russia’s alarming hold over German energy infrastructure

    The war in Ukraine has exposed not only Germany's dependence on Russian gas, but also the large share of Russian capital in the country's oil refineries, pipelines and other gas infrastructure. Energy deals with Russia were long seen as part of a German policy of keeping the peace through cooperation...
  • Future uncertain for Germany refinery fed on Russian oil

    The PCK refinery in Germany has been processing crude oil from Russia since before reunification, but a looming ban on Russian oil has put its future in doubt.
  • Bonded by war, Syria rescuers offer tips to Ukraine

    In a bombed-out building in northwest Syria, rescue workers who for years have braved Russia's war strategies film a tutorial video for Ukrainian volunteers.
  • Famine-threatened Yemen fears impact of Ukraine war

    Across the MENA region, people are struggling to secure even the most basic staples in view of soaring food and fuel prices triggered by Russia's February invasion of Ukraine.
  • Civilians flee east Ukraine as Boris Johnson visits Kyiv

    Evacuations resumed on Saturday from Kramatorsk, in eastern Ukraine, where a missile strike killed 52 people at a railway station a day earlier, as British Prime Minister Boris Johnson became the latest Western leader to visit Kyiv.
  • Ukraine invasion places sharp new focus on calls for UN reform

    Experts say the chances of reforms will remain slim so long as the permanent members refuse to accept any dilution of their power.
  • Ukraine calls for ‘global response’ as train station attack kills 52

    Russia denied being behind the missile strike, which came even as European Commission President Ursula von der Leyen and EU foreign policy chief Josep Borrell were visiting Kyiv for talks with Ukrainian President Volodymyr Zelensky and to visit the scene of civilian killings in the town of Bucha.
  • World food prices hit record high over Ukraine war: FAO

    Russia's invasion of Ukraine sent ‘shocks’ through markets for staple grains and vegetable oils, the UN's Food and Agriculture Organization has said.
  • Shell to lose $5 bn

    Nations and their companies have axed business ties with Russia over Ukraine.
  • Civilians try to flee east Ukraine as Russia prepares attack

    More than 11 million people in Ukraine have been displaced since Russia invaded on February 24, aiming to seize the capital Kyiv. With that goal thwarted, it is instead trying to create a land link between occupied Crimea and Moscow-backed separatist statelets in Donbas.
  • ECB, Binance spar over use of cryptos to evade Russia sanctions

    The European Central Bank has voiced its concern that cryptos can be used to evade Russian sanctions. But, the co-founder and CEO of Binance, the world’s largest crypto exchange by trading volume, said cryptos cannot be used to dodge sanctions.
  • US to ban “all new investments” in Russia: Report

    The United States, in coordination with the G7 and European Union, will ban "all" new investments in Russia on Wednesday in its latest round of sanctions, a source said. The joint measures, in response to Russia's invasion of Ukraine and alleged carrying out of atrocities, "will include a ban on...
  • EU plans to punish Russia more with sanctions on oil or coal

    The EU is considering to hit Russia with sanctions on oil or coal over the war in Ukraine, a top official said on Tuesday, though some countries remain worried of the potential economic fallout.
  • Saudi Arabia to import 625,000 tons of wheat later this year

    The wheat is being procured from Europe, North and South America, and Australia, and will arrive in Saudi Arabia from September to November this year.
  • US, Iran spar over stalled nuclear talks and demands

    Iranian foreign ministry spokesman Saeed Khatibzadeh said that the country's negotiators would not return to Vienna, the site of the year-long talks to restore the nuclear deal — formally called the Joint Comprehensive Plan of Action (JCPOA) — until Washington settles outstanding issues.
  • Russia invasion of Ukraine pushes Turkey inflation to record 61.1%

    Inflation was up from 54.4% in February to 61.14% in March.
  • Suez Canal posts 20% jump in revenue in Q1 of 2022

    Suez Canal posted twenty percent increase in revenue in the first quarter of 2022 despite the Russian-Ukraine war disturbing the global supply chain.
  • Iran says agreement in paused Vienna nuclear negotiations ‘close’

    Iran has been engaged in negotiations to revive the deal, known formally as the Joint Comprehensive Plan of Action (JCPOA), with France, Germany, Britain, Russia and China directly, and the United States indirectly.
  • War casts its gloom on Swiss watch industry

    Diamonds shine brightly at this year's Geneva watch fair but the sanctions slapped on Russia could soon force the Swiss watch industry to produce more subdued designs.
  • Ukraine claims Kyiv region as Russia pullback reveals aftermath

    Ukrainian authorities said Saturday the body of a well-known photographer, Maks Levin, had been found near a village in the region around Kyiv that had been caught up in the fighting. Levin became the sixth journalist killed in the war, according to Reporters Without Borders.
  • Russia continues to batter Ukraine amid rescue efforts

    Peace talks between Kyiv and Moscow resumed via video amid evacuations from Ukraine, but the Kremlin warned that what it described as a helicopter attack on a fuel depot would hamper the negotiations. The airstrike hit energy giant Rosneft's fuel storage facility in Belgorod, around 40 kilometers from the border...
  • Ortega heiress heads Zara parent

    Marta Ortega on Friday took the reins of Zara-owner Inditex.
  • Pentagon commits extra $300m in security aid to Ukraine

    The package includes laser-guided rocket systems, drones, ammunition, night-vision devices, tactical secure communications systems, medical supplies and spare parts