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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.
  • Turkey says Erdogan to meet Putin in Astana on Wednesday

    Erdogan still hopes to bring Putin and Ukrainian President Volodymyr Zelensky together for truce talks that neither side particularly wants but which Turkish officials insist are both essential and realistic.
  • Asian chipmakers plunge after US unveils China export controls

    The announcement on Friday marked the latest volley in a long-running standoff between the two superpowers that has seen them face off over a range of issues including technology, trade, Hong Kong, Taiwan and human rights.
  • Egypt records rush in arrival of tourists from Europe and US

    Cairo, Egypt— Egypt has recorded a huge jump in arrival of tourists from many European countries and the US, as Luxor basks in a tourist boom not seen in the last few years. Tourists from Spain and France are leading an increase in visitors to Egypt from a number of...
  • Iran extends temporary prison release of US citizen

    Siamak's brother, Babak Namazi, said in a statement Saturday that Iranian authorities had granted his sibling a further three-day furlough and that he hoped a longer extension would follow.
  • Saudi Arabia says it does not politicize oil or oil decisions

    Seeking to debunk the impression that it was somehow behind the rise in oil prices in the US, Saudi Arabia has said that it did not politicize oil or oil decisions and that it looked at oil as a commodity important to the global economy in which the kingdom had...
  • US job gains slow, but not enough to ease inflation worries

    President Joe Biden, who has seen his approval erode in the face of surging prices, cheered the data as a sign of "historic progress" in the economy, even while he said there is more work to do to help American families. But the central bank likely will want to see...
  • Stocks fall, dollar boosted by US jobs data

    Stocks mostly slid and the dollar surged after US jobs data showed only a timid slowdown in the labor market, setting the stage for further interest rate hikes. Equity markets have taken a battering as the US Federal Reserve has made it clear it intends to continue raising interest rates...
  • Fed official says US to see more interest rate hikes

    With US inflation soaring new heights, the country's central bank has said more increases are likely to come this year in order to cool the world's largest economy and rein in high prices. Federal Reserve Governor Lisa Cook said 'inflation remains stubbornly and unacceptably high.'
  • IMF chief urges action as global recession risks rise

    IMF chief Kristalina Georgieva urged global policymakers to take concerted action as the risks of a worldwide recession are driven ever higher by repeated economic shocks. In a speech ahead of the fund's annual meetings next week, the IMF's managing director said it was critical to address challenges including inflation.
  • Two Americans and a Dane win chemistry Nobel

    The award marks the second Nobel for 81-year-old American Barry Sharpless, who won the chemistry Nobel in 2001.
  • Asian, European markets surge on interest rate hopes

    Asian and European stocks rallied and the dollar dipped as weak US data sparked hopes the Federal Reserve could ease its interest-rate hiking plans. Frankfurt and Paris equities soared over three percent in value after similar stellar gains in Tokyo, while London won two percent. Central banks across the world...
  • Trio win physics Nobel for quantum mechanics work

    Their discoveries in the field of quantum mechanics have paved the way for quantum computers, networks and secure encrypted communication.
  • US to impose ‘further costs’ on Iran over protests crackdown

    Widespread street demonstrations sparked by the death of Mahsa Amini, 22, who died following her detention by morality police for allegedly breaching the country's strict Islamic dress code, are in their third week.
  • Prisoner exchange deal reached with US, claims Iran; Washington silent

    Iran and United States have arrived at a deal to exchange prisoners and unfreeze Iranian funds abroad, according to media reports. The deal includes freedom for eight people held in the custody of two countries. The exchange will follow a UN statement last week that a former UNICEF official was...
  • Israel praises US proposal for Lebanon maritime border deal

    The draft agreement floated by US envoy Amos Hochstein aims to settle competing claims over offshore gas fields and was delivered to Lebanese and Israeli officials at the weekend. Lebanese authorities, who confirmed receipt of the terms on Saturday, have pledged to deliver a reply "as quickly as possible".
  • US, Japan and Australia to boost military ties to counter China

    Vice President Kamala Harris traveled last week to Japan and South Korea and said the United States would act without fear or hesitation throughout Asia, including the Taiwan Strait.
  • Houthi rebels warn Yemen truce at “dead end”

    A day before the UN-mediated truce is to expire, Houthi rebels have warned that the ceasefire in Yemen is at "a dead end". The temporary ceasefire that took effect in April has allowed for some humanitarian measures as the warring sides have by and large adhered to the truce.
  • Lebanon receives US ‘offer’ over Israel maritime border

    Lebanon said it received a letter from US envoy Amos Hochstein containing an "offer" on a maritime border deal with Israel that could settle competing claims over offshore gas fields. Prime Minister Najib Mikati met with US ambassador to Lebanon Dorothy Shea "who delivered a written offer from the US...
  • DMCC holds events in Miami and New York to attract US companies

    Dubai, UAE--- Dubai Multi Commodities Centre (DMCC) said Thursday it has concluded Made For Trade Live events in Miami and New York, which were aimed at attracting more companies from the US to the UAE. DMCC said it sees significant opportunities for growth in the UAE–US trade corridor, which was...
  • Protest-hit Iran launches strikes that kill 13 in Iraqi Kurdistan

    The September 16 death of Kurdish Iranian woman Mahsa Amini, 22, while in the custody of Iran's morality police has sparked a major wave of protests and a crackdown that has left dozens of demonstrators dead. Iran's Islamic Revolutionary Guard Corps has accused the Iraq-based Kurdish groups of "attacking and infiltrating...
  • Russia wants US to say if it is behind Nord Stream gas leaks

    Russia has sought an explanation from US President Joe Biden on three reported gas leaks on the Nord Stream pipelines, carrying gas to Europe from Russia. Foreign ministry spokeswoman said on social media that on February 7, 2022 Joe Biden said that Nord Stream would be finished if Russia invaded...
  • Fresh violence breaks out in Libya, killing five

    Fighting late Sunday broke out between rival forces equipped with heavy weapons, with one group linked to the defense ministry and the other to the interior ministry, local media reported.
  • US warns Russia of ‘castastrophic’ consequences of nuclear strike

    Russia and the United States are the world's largest nuclear weapons powers, but separate from the threats of planetary destruction, Russian military doctrine permits the use of tactical nuclear weapons on the battlefield to force an enemy to retreat. Russian Foreign Minister Sergei Lavrov, asked during a news conference Saturday...
  • UAE delegation attend meetings on sidelines of UNGA session

    The UAE delegation attended the sixth day of high-level meetings on the sidelines of the 77th Session of the United Nations General Assembly.
  • UAE, UN Women discuss gender equality, empowerment

    NEW YORK, US - UAE foreign minister Sheikh Abdullah bin Zayed Al Nahyan discussed enhancing the prospects of women empowerment and gender equality with Sima Bahous, chief of UN Women. The two met at the Permanent Mission of the UAE to the United Nations in New York during the 77th...
  • Dow drops to lowest level in two years as recession looms

    Falling for the fourth straight session, Wall Street stocks finished lower on Friday as markets bet on the rising risk of a recession due to interest rate hikes. All three major indices tanked more than 1.5 percent, adding to the week's losses after Wednesday's big Fed rate increase spurred similar...
  • World markets plunge on growing recession fears

    Stock markets tumbled, the pound crashed against the dollar and oil prices slumped on growing recession fears after central banks this week hiked interest rates to fight inflation. Monetary policymakers have been forced to go on the offensive, warning that short-term hits to economies are less painful than the long-term...
  • Markets drop as Fed and European central banks hike rates

    European markets were down in afternoon trades, with London's FTSE 100 shedding 0.5 percent after the Bank of England raised its rate again to combat inflation and signaled that the UK entered recession in the current quarter.
  • Saudi Education Minister meets founder of edX platform in US

    Saudi Arabia's Minister of Education Dr. Hamad bin Mohammed Al AlSheikh has met with the leaders of edX platform at Boston University in the United States.
  • World has to fight food insecurity together

    Over 100 countries have signed on to the Roadmap for Global Food Security. Many are already acting on those commitments. Action is crucial because the current crisis is one that no individual country or even group of countries can solve alone. We have to get emergency aid to the people...
  • US announces $2.9 billion for resolving global food insecurity

    The White House said food supplies are being dangerously disrupted by "the compounding impacts of the pandemic, the deepening climate crisis, rising energy and fertilizer costs, and protracted conflicts -- including Russia's invasion of Ukraine."
  • Spotify plans to sell 300,000 audiobook titles to US users; eyes expansion

    Nir Zicherman, Spotify's Vice President and Global Head of Audiobooks and Gated Content said it's a starting point to expand availability to other markets, and build relationships with publishing houses and expand the selection of titles.
  • Pentagon denies link to fake social media accounts

    After a Washington Post report revealed that Facebook and Twitter have shut down a number of fake accounts suspected to be created by the US military, promoting pro-West disinformation, the Pentagon has begun a review of its psychological warfare operations while denying that the military was behind fake accounts.
  • Commodities drop amidst darkening growth outlook 

    In addition, demand in China continues to linger after the IEA said the world's largest importer of oil was heading for its biggest annual drop in demand in more than three decades. Meanwhile, the US walked back on its SPR refill stance by saying that it didn’t include a strike...
  • France’s Macron to meet Iran’s Raisi for revival of nuclear accord

    The Biden administration says the deal remains the best way to restrict Iran's nuclear program but has been increasingly pessimistic that Tehran will agree to a compromise negotiated by European Union mediators.
  • Kuwait renews support for peace initiative in Yemen

    Kuwait has reiterated its support for a peaceful solution to the Yemeni conflict that can bring about peace and stability in the war-scarred country.
  • Switzerland to buy 36 US F-35 stealth fighter jets for $6.2 billion

    Switzerland signed a controversial contract on Monday to buy 36 US F-35 stealth fighter jets at a cost of more than six billion francs ($6.2 billion). "National Armaments Director Martin Sonderegger and the Swiss F-35A Program Manager Darko Savic signed the procurement contract on 19 September 2022 at armasuisse in...
  • Iran President seeks US guarantees to renew nuclear deal

    "We cannot trust the Americans because of the behavior that we have already seen from them. That is why if there is no guarantee, there is no trust," he told CBS News. Former president Barack Obama negotiated the agreement under which Iran drastically scaled back nuclear work in return for...
  • Joe Biden says Covid pandemic in US “is over”

    Although people are still testing positive for Covid in the country, US President in an interview declared that pandemic in US is over.
  • Iran takes battle of frozen US assets before UN’s top court

    Iran wants billions of dollars in US assets to be unfrozen and returned to it, while the US says money must go to victims of terrorist attacks blamed on Tehran. Tehran took Washington to the Hague-based ICJ in 2016 after the US Supreme Court ordered some $2 billion in Iranian...
  • DEWA CEO briefs Utah House of Representatives delegation

    MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer met a delegation from the Unified Economic Opportunity Commission of the Utah House of Representatives, USA.
  • US team explores ways to boost economic ties with UAE

    The delegation, led by Governor Spencer J. Cox, included over sixty prominent Utah government officials, business executives, and community leaders, including First Lady Abby Cox.
  • Biden warns against use of nuclear, chemical weapons

    US President Joe Biden has warned his Russian counterpart Vladimir Putin against using chemical or tactical nuclear weapons due to his losses in Ukraine . "Don't. Don't," Biden said, in an excerpt from an interview with CBS. Biden was responding to a question about the possibility of Putin resorting to...
  • US to provide US$1.45bn per year in assistance to Jordan

    The US will provide $1.45 billion per year in bilateral foreign assistance to Jordan, from 2023 to 2029.
  • US justice department gets a voice in Epic battle with Apple

    One year after a Californian court ruled in favor of Apple, the US justice department wants to have its say on Apple's antitrust tussle with Epic Games, which is due to be heard on appeal next month. The appeals court granted the department the right to send a representative to...
  • Stocks mostly slide; pound hits 37-year dollar low

    Stock markets mostly slumped Friday, while the British pound tanked to a 37-year dollar low as weak UK retail sales stoked global recession fears. Sterling slid to $1.1351, the lowest level since 1985, on news that British retail sales tumbled by far more than forecast in August as shoppers faced...
  • Israel preparing to connect to gas field disputed by Lebanon

    Israeli energy ministry's announcement comes less than 10 days after Energean announced it was "on track to deliver (the) first gas from the Karish development project within weeks." Israel says the Karish field is located entirely within its exclusive economic zone, but Lebanon insists that part of the field falls...
  • ENEC shares expertise at cyber energy leadership forum

    The Emirates Nuclear Energy Corporation (ENEC) hosted the first edition of the CyberEnergy Leadership Forum (CELF) in Abu Dhabi. Over 117 experts from government, semi-government and private sector gathered to discuss best practices to enhance the cyber resilience of the energy sector in the UAE and globally.
  • Josep Borrell says Iran nuclear talks in “stalemate”

    Less than a month after signs emerged of a possible signing of the nuclear deal, EU foreign policy chief Josep Borrell said that negotiations to bring Iran and the US back are in stalemate. He has been the main driver for more than a year to try to revive the...
  • US again approves most aid to Egypt despite rights concerns

    President Joe Biden's administration on Wednesday approved most military aid to Egypt for a second straight year despite concerns on human rights, pointing to limited progress, officials said. Secretary of State Antony Blinken finalized a package of $1.17 billion for Egypt, which has been one of the largest recipients of...