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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.
  • US vetoes Gaza ceasefire call at UN

    The resolution demanded "an immediate, unconditional and permanent ceasefire" in the war between Israel and the Palestinian group, along with "the immediate and unconditional release of all hostages."
  • Egypt recovers 2,700-year-old sarcophagus lid from US

    Cairo, Egypt---Egypt announced Monday the recovery of a sarcophagus lid dating back nearly 2,700 years that it said had been smuggled out and put on display at a museum in the United States.Egyptian Foreign Minister Sameh Shoukry announced the recovery of the artefact, known as the "Green Sarcophagus", during a televised...
  • China’s air incursions into Taiwan zone doubled in 2022

    Military analysts say China has used the incursions to probe Taiwan's defenses, exhaust its ageing air force and voice displeasure over Western support for Taipei, especially the United States.
  • South Korea, US look to hold joint nuclear exercises

    Seoul, South Korea-- Seoul and Washington are discussing joint planning and exercises involving US nuclear assets to counter growing threats from the nuclear-armed North, South Korean President Yoon Suk-yeol has said.In an interview with the Chosun Ilbo newspaper published Monday, Yoon said the United States' existing "nuclear umbrella" and "extended deterrence"...
  • US judge orders cruise lines to pay nearly US$450m for using Cuba port

    Washington, United States--Four cruise lines have been sentenced by a US judge to pay a total of nearly $450 million for having used a Havana port nationalized by the Cuban government in 1960.The ruling Friday by a federal judge in Florida requires the Carnival, MSC SA, Royal Caribbean and Norwegian lines...
  • Concern over China Covid surge ‘understandable’: WHO

    Hospitals across China have been overwhelmed by an explosion of infections following Beijing's decision to lift strict rules that had largely kept the virus at bay but tanked the economy and sparked widespread protests. China said this week it would end mandatory quarantine on arrival, prompting many Chinese to make...
  • Benjamin Netanyahu sworn in as Prime Minister of Israel

    Israel's hawkish veteran Benjamin Netanyahu was sworn in as prime minister after a stint in opposition, heading what analysts call the most right-wing government in the country's history. Netanyahu, 73, who is fighting corruption charges in court, had already served as premier longer than anyone in Israeli history, leading the...
  • Understanding winter storms and global warming

    The link between global warming and heat waves is very direct, but the behavior of winter storms is governed by dynamics that are more difficult to study.
  • World economy faces more pain in 2023 after a gloomy year

    Economists expect Germany and another major eurozone economy, Italy, to fall into recession. Britain's economy is already shrinking. Rating agency S&P Global foresees stagnation for the eurozone in 2023. But the International Monetary Fund still expects the world economy to expand in 2023, with growth of 2.7 percent. The OECD...
  • Iran to show ‘no mercy’ toward opponents of Islamic republic: Raisi

    The "riots", as Tehran generally refers to them, were triggered by the September 16 death in custody of Iranian-Kurdish Amini, 22, after her arrest for an alleged breach of the strict dress code for women.
  • Erdogan aide blames Paris street violence after shooting on Kurd militant group

    Ankara has been feuding with the US and European powers about their support for Kurdish fighters in the People's Protection Units (YPG), which it portrays as the Syrian offshoot of the PKK.
  • US Congress gives Boeing a reprieve on 737 Max cockpit changes

    The bill requires Boeing to make some enhancements to the jets, but allows the Federal Aviation Administration to approve both the 737 MAX 7 and 737 MAX 10 without mandating an overhaul of the crew alerting systems. The bill requires the enhancements to be installed on other MAX models within...
  • US Fed’s preferred inflation gauge eases in November

    A key indicator of US inflation edged down from a year ago in November, according to government data, in welcome news to households grappling with soaring costs while spending slowed. This extends a downward inflation trend in recent months, though it is unlikely to bring quick relief from an aggressive...
  • Facebook agrees to pay $725m to settle privacy suit

    Facebook parent Meta has agreed to pay $725 million to settle a long-running lawsuit that accused the social network of allowing third parties, including Cambridge Analytica, to access users' private data. The amount was disclosed in a court filing late on Thursday. Facebook has not admitted any wrongdoing as part...
  • China’s ByteDance admits using TikTok data to track journalists

    Employees had obtained the IP addresses of the journalists in a bid to determine whether they were in the same location as ByteDance colleagues suspected of disclosing confidential information, a company review of the scheme led by its compliance team and an external law firm found, according to Andersen.
  • YouTube TV wins right to broadcast NFL games starting in 2023

    YouTube TV subscribers, who now pay $64.99 a month for a viewing package, will have to pay an added fee - as yet undetermined - to view the games, or they can view them on an a-la-carte basis on its YouTube Primetime Channels platform. They will not be able to...
  • US proposes $300 mn fine over huge robocall ‘scam’ campaign

    The operation placed about 5.2 billion calls to more than 550 million wireless and residential phones between January and March 2021, employing more than one million unique caller ID numbers, said the FCC. The effort included "spoofing" the phone numbers of hospitals, "which resulted in confused consumers calling the hospitals...
  • Crypto firm Binance endures wild weeks in wake of FTX collapse

    On Friday, accountancy firm Mazars, engaged by Binance to provide a "proof of reserves" report, abruptly halted work with all crypto firms because of "public misunderstanding" of what they were providing. A "proof of reserves" report is not a full audit and gives no information about liabilities. Media reports suggested...
  • US plans new Israel-Arab meeting, hopes for Netanyahu restraint

    WASHINGTON, UNITED STATES - The United States plans a meeting early in 2023 between Israel and Arab nations that recognize it as it pushes the incoming right-wing government of Benjamin Netanyahu to show restraint, a US official said Tuesday.Netanyahu is set to take office with the most right-wing government in Israel's...
  • Allow Iraq to choose path not dictated by foreign powers: Macron

    The "Baghdad II" meeting in Jordan, which alongside regional powers also includes officials from France and the European Union, follows an August 2021 summit in Iraq's capital organized at the initiative of Macron. "There is a way that is not... a form of hegemony, imperialism, a model that would be...
  • Iran, EU diplomatic heads meet at Jordan summit

    SWEIMEH, JORDAN - Iran's Foreign Minister Hossein Amir-Abdollahian met Tuesday with EU foreign policy chief Josep Borrell on the sidelines of a summit in Jordan, an Iranian diplomatic source said.The meeting, which was confirmed by Iran's official news agency IRNA, comes at a time when negotiations in Vienna aimed at reviving...
  • Months after deadly quake, Afghan survivors get new homes

    In Afghanistan, hundreds of earthquake-resilient concrete homes, many built by local laborers with the support of the United Nations refugee agency, have now been handed over to survivors who were until now living in makeshift tent cities.
  • Iran says Jordan summit is a good opportunity for nuclear talks

    TEHRAN, IRAN - Iran's foreign minister said Monday that a summit to take place this week in Jordan will be a "good opportunity" for negotiations aimed at restoring the 2015 nuclear accord.On-off talks to revive the deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), started in April last...
  • Ukraine war providing lessons for future conflicts

    How the war in Ukraine has played out -- both on the world stage and the battlefield -- serves as a cautionary tale on the potential dangers of launching such an invasion, and offers other lessons as well. General Mark Milley, the top US military officer, said the war was...
  • $858 bn US defense bill scraps military vaccine mandate

    The mandate -- under which the Pentagon says more than 8,000 military personnel have been discharged for refusal to comply -- was scrapped over the objections of US President Joe Biden and Defense Secretary Lloyd Austin, in a victory for Republicans who sought to end it. While various other US...
  • EU adopts global minimum 15% tax on multinationals

    Emmanuel Macron said France had been pushing the idea for more than four years. The global minimum tax is only one part, known as Pillar Two, of the OECD agreement. The first pillar, which provides for the taxation of companies where they make their profits to limit tax evasion, primarily...
  • Stocks sink globally as central banks hike rates, data fan recession fears

    Global stocks sank as central banks hiked interest rates again and signaled they needed to go higher to tame inflation. Meanwhile, downbeat economic data out of China and the United States fanned recession fears. Both the Bank of England and the European Central Bank mirrored the Fed's half-point hike on...
  • US industrial output decreases in November

    Industrial production in the US slumped in November with "broad based" decreases, the Federal Reserve said, as output for bigger-ticket consumer products and manufacturing fell. While tangled supply chains and surging costs which weighed on businesses are easing, in a boost to production, firms are now contending with weakening demand...
  • Iran assails US after removal from UN rights body

    Hundreds of people have been killed and thousands arrested in the street violence over Mahsa Amini's d, leading to international condemnation and Iran's removal Wednesday from the United Nations Commission on the Status of Women (UNCSW).
  • EU leaders meeting in Brussels to focus on trade dispute with US

    The EU summit was to also examine the situation, and consequences in Europe, of Russia's war in Ukraine, which European Council President Charles Michel said was at "the heart of our concerns".
  • US Fed expected to slow pace of rate hikes as inflation eases

    The consumer price index, a key gauge of inflation, logged its smallest annual increase in nearly a year, fueling optimism that the Fed could soon moderate its efforts. Households have been squeezed by red-hot prices, with conditions worsened by surging food and energy costs after Russia's invasion of Ukraine, and...
  • China begins WTO dispute against US chip export curbs

    Beijing, China—China has filed a dispute with the World Trade Organization over US restrictions on chip exports, Beijing's commerce ministry said in a statement late Monday, accusing Washington of threatening global supply chains. The United States in October announced new export controls aimed at restricting China's ability to buy and manufacture...
  • FTX founder Sam Bankman-Fried arrested in the Bahamas

    Nearly a month after the downfall of FTX, its founder Sam Bankman-Fried was arrested in the Bahamas at the request of the US. He is scheduled to appear before a US Congress hearing in which he is to testify under oath about the crypto exchange's sudden fall.
  • Amgen to buy Horizon Therapeutics

    The US biopharma firm will pay US$28 billion for the deal.
  • ECB mulls rate hike slowdown on ‘peak inflation’ hopes

    As part of its monetary policy tightening, the ECB will on Thursday outline the next steps in its efforts to slim down the bank's massive balance sheet. It has already made changes to the terms of an ultra-cheap bank loan scheme, aimed at keeping credit flowing during the pandemic, in...
  • US Fed poised for smaller rate hike with eye on wage growth

    But the half-point jump analysts expect to see in the Fed's benchmark lending rate will still be a steep rise, as it struggles to cool demand in the United States to bring consumer costs down. Households in the world's biggest economy have been contending with red-hot prices.
  • US dispatches envoys to China in order to repair ties

    A month after Chinese leader Xi Jinping and US President Joe Biden agreed to repair frayed relations, the US is sending its first high-level delegation to China, consisting of Assistant Secretary of State Daniel Kritenbrink and National Security Council Senior Director for China and Taiwan Laura Rosenberger.
  • US condemns WTO verdict on its steel tariffs

    Geneva, Switzerland— Washington condemned the World Trade Organization's verdict Friday on the punitive US tariffs imposed on national security grounds on steel imports from China and other countries. Former US president Donald Trump's administration introduced the tariffs on steel and aluminium imports from China, Norway, Switzerland and Turkey and his successor,...
  • US climate envoy commends decision to hold COP28 in UAE

    Washington, US— The US has commended the decision to hold next year’s 28th UN climate change conference in the UAE. Special Presidential Envoy for Climate John Kerry said that fossil fuel economies should be encouraged to lead the transition to clean energy. “It’s very exciting that the UAE, an OPEC...
  • US lawmakers say oil giants ‘greenwashed’ image while hampering climate action

    Washington, United States— Oil giants have "greenwashed" their public image while locking in fossil fuel production for years to come, potentially foiling moves to prevent climate change, said a US House committee memo released Friday. The document follows an investigation on allegations that the fossil fuel industry has been misleading Americans...
  • Equities boosted by China news before rate calls

    Global stocks rose on China's slowing inflation and economic reopening, alongside hopes of less aggressive interest rate hikes next week. Sentiment brightened on China's decision to shift away from its nearly three-year zero-Covid strategy of lockdowns and mass testing that slammed the economy. After protests across the country, leaders have...
  • Saudi Arabia, UAE mediation efforts aid the US-Russia prisoner swap

    The mediation efforts were led by the Emirati president Sheikh Mohammed bin Zayed bin Sultan Al Nahyan and the Crown Prince of Saudi Arabia  Mohammed bin Salman bin Abdulaziz Al Saud.
  • US oil futures drop 3%, finishing at new low for 2022

    Analysts note that conditions in the oil market have loosened compared with earlier in the year, adding to oversupply worries at a time when more economists are warning of recession. The pullback in oil prices also comes amid trader disappointment at a recent decision by OPEC oil exporters not to...
  • US state brings two lawsuits against TikTok over child safety, security fears

    The legal salvo came as problems are mounting for TikTok in the United States, with multiple accusations that the extremely popular app is a national security threat and a conduit for spying by China.
  • Two killed in Iraq clashes after activist given prison term

    Riot police confronted the crowd in the central Habboubi Square with "brutal" force and "fired live ammunition", said demonstrator Mohammed al-Iraqi, who spoke to AFP at a morgue where dozens of relatives and friends of the two fatalities gathered. Hussein Riyad, a spokesman for the Dhi Qar provincial health ministry,...
  • Pentagon gives cloud contracts to Amazon, Google, Microsoft and Oracle

    Pentagon announced Wednesday it has awarded $9 billion in cloud computing contracts to Amazon, Google, Microsoft and Oracle.
  • Nuclear tensions ‘rising’ but Moscow won’t deploy first: Putin

    Russian forces have missed most of their key military goals since February, raising fears that the battlefield stalemate could see Russia resort to its nuclear arsenal to achieve a breakthrough.
  • As AI rises, lawmakers try to catch up

    Artificial Intelligence promoters reckon it is revolutionizing human experience, but critics stress that the technology risks putting machines in charge of life-changing decisions. Its promoters reckon it is revolutionizing human experience, but critics stress that the technology risks putting machines in charge of life-changing decisions. Regulators in Europe and North...
  • Developing economies’ debt more than doubled over decade, says World Bank

    The external debt of developing economies has more than doubled from a decade ago to US$9 trillion in 2021, the World Bank said. The pandemic has forced many countries to take on more borrowing and World Bank President David Malpass earlier warned that the world is facing a fifth wave...
  • NASA’s Orion spaceship slingshots around Moon, heads for home

    Monday's was the last major maneuver of the mission, which began when NASA's mega Moon rocket SLS blasted off from Florida on November 16. From start to finish, the journey should last 25 and a half days. Orion will now make only slight course corrections until it splashes down in...
  • Oil rises as China eases Covid restrictions, Russia price cap

    World oil prices rallied after more easing of Covid containment measures in China and as a price cap on Russian crude agreed by the EU, G7 and Australia came into force. Brent North Sea crude and WTI advanced over 2.5 percent, also after OPEC and its Russia-led allies decided to...