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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 to dispatch US$756m humanitarian aid to Syria

    Continuing with what it called "unwavering support for the Syrian people, US State Department said that will send $756 million in new humanitarian aid to Syria, where need remains "dire" after more than a decade of war. The funds were in addition to a trance of $808 million announced earlier...
  • Moscow says visas issued for Russians to attend UN session

    Russia said visas had been issued for Foreign Minister Sergei Lavrov and members of his delegation to attend the UN General Assembly at UN headquarters in New York from September 20 to 26. Moscow had earlier expressed alarm that US entry visas had not been issued for 56 representatives of...
  • NASA’s Moon mission pushed back, again

    The date would depend on engineering teams successfully carrying out a test to fuel up the Space Launch System rocket, and receive a waiver to avoid retesting batteries on an emergency flight system that is used to destroy the rocket if it strays from its designated range.
  • US inflation likely eased in August, but not enough

    Thanks to falling gasoline prices, US inflation has slowed down in August, but not enough to satisfy policymakers, especially President Joe Biden, as high prices continue to inflict pain on American families and businesses. The annual inflation pace also is likely to have improved to 8.0 percent from the blistering...
  • Bring IS relatives home from Syria: US CENTCOM to nations

    Al-Hol camp holds around 56,000 people -- mostly Syrians and Iraqis, but also around 10,000 who consist largely of wives and children of Islamic State (IS) fighters originating from further afield. Many were taken to the camp during the defeat of the jihadist group's self-declared caliphate by US-backed Syrian Kurdish...
  • Stock markets rally, as euro briefly surges

    Stock markets rallied Monday, building on pre-weekend momentum as investors priced in the expectation of further interest rate hikes aimed at taming decades-high inflation. The euro surged, a day after German central bank chief Joachim Nagel signaled that the European Central Bank (ECB) would probably continue raising its key rate.
  • Germany regrets Iran failure to agree to nuclear deal

    German Chancellor Olaf Scholz said Iran has failed to agree to proposals from European countries on reviving a deal on restricting its nuclear program, warning this would derail any accord in the near future. Meanwhile Israeli Prime Minister Yair Lapid visited Germany to persuade Western powers to ditch the pact...
  • ‘Certainly a risk’ of US recession, Yellen says

    An American recession "is a risk when the Fed is tightening monetary policy to address inflation," President Joe Biden's leader on financial, economic and tax policy told CNN, referring to the US Federal Reserve. "So it's certainly a risk that we're monitoring," Yellen added, but "we've got a good strong...
  • Sympathy, solidarity as US marks 21st anniversary of 9/11

    Relatives of victims, police officers, firefighters and city leaders gathered at the National September 11 Memorial in Lower Manhattan, where the names of those who died were read aloud -- as they have been every year since the deadliest single attack on US soil.
  • Blinken says Iran moved ‘backwards’ in nuclear deal talks

    Iran's latest reply on a nuclear deal is a step "backwards," US Secretary of State Antony Blinken said Friday, insisting Washington would not rush to rejoin at any cost. European mediators last month appeared to make progress in restoring the 2015 accord as Iran largely agreed to a proposed final...
  • US sanctions Iranian company that shipped drones to Russia

    The US Treasury said it had placed Tehran-based Safiran Airport Services on its sanctions blacklist, two months after the White House divulged intelligence that Russia was seeking Iranian unmanned aerial vehicles (UAVs) for its war on Ukraine.
  • UN says Iran can make a nuclear bomb in three weeks

    The UN atomic watchdog has warned Iran has enough enriched uranium to make a bomb in three weeks and that there is no guarantee that its nuclear program is peaceful. The IAEA said it was “concerned that Iran has not engaged with the agency on the outstanding safeguards issues."
  • US condemns Iran’s cyberattack on Albania, its ally

    US has threatened to launch ‘further action’ against Iran for what it called an ‘unprecedented’ cyberattack against its ally Albania. US has accused Iran of threatening the security of a US ally and setting a troubling precedent for cyberspace. Albania in retaliation has cut off diplomatic relations with Iran.
  • After Italy, US now returns antiquities to Egypt

    A day after it returned dozens of antiquities to Italy, United States has now returned 16 antiquities worth $16 million to Egypt, including five works that were seized from the Metropolitan Museum of Art. The return of antiquities is part of a probe by authorities in New York into international...
  • Juul to pay US$438m in US over marketing vapes to youth

    Under the agreement, Juul would provide payments over the next 6-10 years to individual US states and pledge to not employ cartoons in ads or otherwise market to younger consumers.
  • US returns stolen antiquities worth US$19m to Italy

    US has returned dozens of antiquities stolen from Italy and valued at around $19 million, some of which were found in the Metropolitan Museum of Art in New York. Manhattan District Attorney said some 58 pieces represent thousands of years of rich history, "yet traffickers in Italy utilized looter to...
  • Stocks push higher, but yen and euro under pressure

    European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain surging inflation. Frankfurt, London and Paris equities carved out gains despite poor German data, a day after tumultuous trading as Russia curbed gas supplies to Europe.
  • US says oil supply must shore up growth after OPEC+ cut

    In a thinly veiled criticism of the OPEC's decision to cut supply, the US said that oil production must be kept up to bolster global economic growth. White House Press Secretary said that President Joe Biden ‘has been clear that energy supply should meet demand to support economic growth and...
  • Middle East battles rising data breach costs

    Most of the data breaches reportedly happen within the organization, but the silver lining is that organizations are handling these more effectively now.
  • Pure Health to invest US$500m

    It will buy stake in a US healthcare firm Ardent.
  • Blinken welcomes appointment of new UN envoy to Libya

    US Secretary of State Antony Blinken has welcomed the appointment by UN Secretary-General Antonio Guterres of Abdoulaye Bathily as Special Representative of the Secretary-General for Libya.
  • UAE keen to work with global partners to address energy issues

    A senior UAE official at the Ministry of Energy and Infrastructure said that his country is committed to collaborating with the international community to confront challenges facing the global energy sector.
  • US to persist with imposition of tariffs on Chinese goods

    Paying heed to hundreds of requests from American companies, the US government confirms it will continue to enforce the tariffs on Chinese goods imposed by former president Donald Trump. President Biden had been considering whether to remove some of the tariffs, amid pressure to offer some relief to soaring US...
  • Saudi Arabia eyes partnerships to accelerate growth of digital economy

    Saudi IT Minister, Eng. Abdullah bin Amer Al-Swaha, held meetings with his counterparts from the other countries at the Indonesian city of Bali.
  • Iran says it briefly seized two US drone vessels in Red Sea

    Three days after it seized a US military drone vessel in the Gulf, the Iranian navy took control of two American drone vessels in the Red Sea before releasing them. Iranian state media aired footage on Friday purporting to show the two US vessels being released by Iranian forces on...
  • G7 to ‘urgently’ implement Russian oil price cap

    G7 industrialized powers vowed Friday to "urgently" move towards implementing a price cap on Russian oil imports in a bid to cut a major source of funding for Moscow's war in Ukraine. The G7 said it was working towards a "broad coalition" of support for the measure but officials in...
  • Slowdown or not? US job market walking a tight rope

    According to consensus, the unemployment rate for August should fall somewhere around 3.5 percent when official data is released at 1230 GMT. If the estimate turns out to be true, it would be the same rate as July when unemployment first returned to its pre-pandemic levels, which had been the...
  • Saudi Arabia eases visa rules for GCC, US, UK, EU residents

    The regulations came into effect after the minister of tourism Ahmed Al-Khateeb signed on a ministerial decree, making it easier to visit the oil-rich kingdom.
  • End of the road for New York’s horse-drawn carriages?

    Opponents say the horses live in cramped conditions, are often malnourished and dehydrated, get spooked by cars en route to the park.
  • Microsoft to set up biggest cloud data center in Qatar

    Microsoft will set up a new cloud data center in Qatar, creating 36,000 jobs and adding more than $18 billion to the economy over the next five years. As one of the tech company’s biggest international projects, it will boost Qatar’s efforts to move away from reliance on its oil...
  • New launch attempt Saturday for NASA’s Moon rocket

    The highly anticipated uncrewed mission dubbed Artemis 1 will bring the United States a step closer to returning astronauts to the Moon five decades after humans last walked on the lunar surface. Mission manager Mike Sarafin, said the NASA team "agreed to move our launch date to Saturday, September the...
  • 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.
  • Iran says nuclear deal ‘pointless’ without end to IAEA probe

    The Iran nuclear deal with world powers still appears to be far from certain as President Raisi now says that the deal is pointless unless the UN nuclear watchdog put an end to its probe of undeclared sites. Iran has repeatedly urged the agency to end the issue before any...
  • Honda, LG to invest $4.4 bn

    Firms say construction of US plant to begin next year.
  • Afghan minister says Pakistan providing airspace for US drones

    Mujahid's comments came less than a month after US President Joe Biden announced the killing of Al-Qaeda chief Ayman al-Zawahiri in a drone strike in Kabul.
  • Core inflation is unofficially dead

    If the apex banks focus too much on core inflation, it will be a big mistake. Food and energy will be at the center of the crisis years with climate change and green transformation being inflationary in the years to come. Investors should increasingly invest in the tangible world to...
  • Julian Assange: Black eye of free press

    Whether it is the killing or state-sponsored arraignment of journalists or the closure of defiant media organizations, press freedom is under huge stress around the world.
  • Israeli spy chief to meet US officials on Iran deal

    Prime Minister Yair Lapid said that Israel's "diplomatic fight" against the deal included its  national security advisor and defense minister holding recent meetings in the United States.
  • Turkey accuses Greece of ‘hostile action’ against jets

    The two uneasy NATO neighbors have long-standing sea and air boundary disputes which lead to near-daily air force patrols and interception missions mostly around Greek islands near Turkey's coastline.
  • Two US Navy warships transit through Taiwan Strait

    The US Seventh Fleet said the pair of Ticonderoga-class guided-missile cruisers the USS Antietam and the USS Chancellorsville conducted the "routine" transit on Sunday "through waters where high seas freedoms of navigation and overflight apply in accordance with international law."
  • Iraq’s Sadr suggests ‘all parties’ resign from government posts

    For nearly a year, Iraq has struggled to break a political deadlock that has left the country without a new government, prime minister or president, due to disagreement between factions over forming a coalition. Now with Sadr calling for parliament to be dissolved, it will only deepen the uncertainty.
  • Saudi Arabia imports more cars in H1 than in whole of last year

    Saudi ports have witnessed a growth in car imports during the first quarter of 2022, amid an increase in cargo throughput tonnage, official statistics showed in April.
  • UAE, US discuss enhancing military, defence ties

    Rear Admiral Pilot Sheikh Saeed bin Hamdan bin Mohammed Al Nahyan, explored means of fostering relations in all fields with Vice Admiral Brad Cooper.
  • Stocks slump after Fed chair vows tough inflation fight

    Stock slumped on Friday after Federal Reserve boss Jerome Powell pledged to act "forcefully" against soaring inflation in a battle that will be painful for Americans. The Fed has been on a campaign to raise interest rates and Powell said at Jackson Hole that the fight against inflation is not...
  • Turkey plays down US sanctions threat over Russia ties

    Turkey's finance minister told businesses on Friday they should not be concerned by the threat of sanctions that Washington warns will follow if they do business with sanctioned Russians. Nureddin Nebati's Twitter comments represent Ankara's first official response to a letter the US Treasury sent to Turkish businesses on Monday.
  • Iran urges IAEA to end undeclared nuclear sites issue

    The United States remains adamant that Tehran cooperate with the International Atomic Energy Agency to clear up suspicions about earlier work at three undeclared sites. In June, the IAEA's board of governors adopted a resolution censuring Iran for failing to adequately explain the previous discovery of traces of enriched uranium...
  • Syria says two wounded in Israeli air strikes

    The Syrian Observatory for Human Rights said the strikes were targeting Iranian-aligned militia, causing "several casualties." Israeli strikes, the Britain-based war monitor said, targeted positions and depots of arms and ammunition of Iran-affiliated militias. It reported multiple heavy explosions that sparked fires and resulted in "several victims"
  • Asian markets rise with eyes on China, Fed speech

    Central bankers are meeting in Jackson Hole in the US state of Wyoming, and all eyes are on Federal Reserve boss Jerome Powell's Friday speech for clues about plans to tame inflation. Market sentiment was also boosted by the Chinese government's Wednesday announcement of new policies to help sustain the...
  • Art lovers flock to Iran museum displaying Western artists’ works

    The Tehran Museum of Contemporary Art was inaugurated in 1977 during the reign of Shah Mohammad Reza Pahlavi, who was deposed by Islamic revolutionaries two years later.
  • Israel appeals West to halt talks seeking revival of Iran nuclear deal

    Israeli Prime Minister Yair Lapid on Wednesday urged Western powers to halt talks aimed at reviving a nuclear deal that he said would fill Iran's coffers and "undermine" Middle East stability. The 2015 accord, which is designed to prevent Iran from developing a nuclear weapon, has been on life-support since...