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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 treasury warns of sanctions against Turkey for trading with Russia

    Washington is growing increasingly alarmed that the Russian government and businesses are using Turkey to evade Western financial and trading restrictions imposed in response to the Kremlin's invasion of Ukraine six months ago. Turkey's imports of Russian oil are ballooning.
  • US President orders air strikes against ‘Iran-backed militias’ in Syria

    The air strikes ordered by US President Joe Biden hit nine bunkers in a complex, in eastern Syria, used for ammunition storage and logistics by Iranian-backed militias. A US military spokesman said air strikes “targeted infrastructure facilities used by groups affiliated with Iran’s Islamic Revolutionary Guard Corps.”
  • TikTok stars boycott Amazon in activism push

    It's the latest example of creators lending their online stage to a cause on the massively growing platform more known for dance crazes and catchy songs. An advocacy group calling itself Gen-Z for Change said it coordinated the pledge from more than 70 popular TikTok talents to stand in solidarity...
  • US expresses concern about violence on Syria-Turkey border

    The recent bloodshed came against a backdrop of increased tensions pitting the Kurdish-led Syrian Democratic Forces (SDF) against Turkish troops and their Syrian proxies.
  • US denies hints it is delaying Iran nuclear talks

    Denying suggestions that it is stalling a potential agreement to resurrect the Iran nuclear deal, State Department spokesman Ned Price said that the US has taken additional time to' seriously review' the Iranian comments in response to the EU text sent to both Tehran and Washington.
  • Stocks slide as traders mull Fed outlook, gas price spike

    World stocks sank Monday and the dollar rallied on concern the Federal Reserve will stick to its interest rate-hiking plans to combat inflation. Eurozone equities tanked as spiking natural gas prices sparked fears that winter energy shortages could cause recession, which helped push the euro down to a 20-year low...
  • EU says Iran nuclear deal meeting likely this week

    A meeting on resurrecting the Iran nuclear deal could be held 'this week' after Tehran submitted its response to an EU proposal, the European Union's top diplomat said Monday. Efforts to revive the JCPOA - the 2015 agreement between world powers and Tehran aimed at curbing Iran's nuclear ambitions -...
  • Jordan and US look to broaden ‘deep-rooted’ partnership

    Jordan and the United States have discussed ways to boost cooperation in various fields and to broaden the 'deep-rooted strategic' partnership between the two countries.
  • Aramco to complete $2.65bn buyout of Valvoline in 2023

    Days after disclosing it had signed a $2.65 billion equity purchase agreement with Valvoline Global Products, Mohammed Y. Al-Qahtani, Aramco’s downstream senior vice president, told media that the oil giant will complete the buyout of Valvoline in early 2023.
  • US names seasoned diplomat as new envoy to Kuwait

    The White House said that Sasahara is a career member of the Senior Foreign Service with the rank of Minister-Counselor who has "most recently served as Deputy Assistant Secretary of State for North Africa."
  • US says ‘concerned’ by Israeli closure of Palestinian NGOs

    The Israeli military announced earlier in the day that it had conducted overnight raids of seven organizations in Ramallah, the West Bank city where the Palestinian Authority's headquarters are located. Six of the Palestinian organizations were labeled last October as terrorist organizations by Israel for their alleged links to the...
  • Facebook bans major US anti-vaccine group

    Meta spokesperson Aaron Simpson told AFP that the group's accounts at Facebook and Instagram were shuttered on Wednesday. The ban came after repeated violations of Meta's misinformation rules. The anti-vaccine group has appealed a lower court ruling against it in the litigation, according to legal filings.
  • US envoy expects China to ramp up coercion of Taiwan

    The US in retaliation will begin formal trade talks with Taiwan by the autumn to show support for the democracy, despite not holding official ties with the government in Taipei. Taiwan has displayed its most advanced fighter jet in a rare demonstration in the wake of China's drills.
  • US Fed warns of more interest rate cuts to tame inflation

    US Fed officials believe it will take some time to bring "unacceptably high" inflation back down near the two percent goal. And in this regard central bankers remain committed to raising interest rates further to quell rising prices, but agreed it would be appropriate to slow the pace of the...
  • Syria denies having US journalist Austin Tice in custody

    Denying holding the American nationals captive, including journalist Austin Tice, the Syrian government has responded to US President Jo Biden's assertion that he knew 'with certainty' that Tice was being held by the Syrian regime, calling on Damascus to help bring him home.
  • US acts to make hearing aids affordable

    In October, the cost of hearing aids will be down by an estimated $2,800 per pair as there would be no requirement to see a doctor or audiologist.
  • Russian President pitches ‘combat-tested’ weapons to allies

    While the Ukraine war rages on, Russian President Vladimir Putin has pitched weapons to allies around the world, lauding them for ‘reliability, efficiency’ and having been tested on the field of battle in ‘real combat operations more than once.’
  • Iran denies hand in attack, blames Rushdie for insulting Islam

    Three days after the assault on Salman Rushdie, Iran has denied any link with the attacker who stabbed British writer at a literary event in New York, blaming the writer himself. The foreign ministry spokesman said that Rushdie had insulted Muslims and the sacred matters of Islam.
  • US, Russia explore prisoner swap including arms dealer, athlete

    Last weekend Bill Richardson, a former US ambassador to the UN who has negotiated the release of several Americans held in other countries, said he was "optimistic" about efforts to negotiate a "two for two" prisoner swap with Russia.
  • US to boost Taiwan trade, conduct air, sea transits

    A new trade plan will be unveiled within days, while US forces will transit the Taiwan Strait in the next few weeks, said Kurt Campbell, White House coordinator for Asia-Pacific issues and an adviser to President Joe Biden. The statement came after Beijing raged at last week's trip by US...
  • Iran seeks to commission three more Khayyam satellites

    Iran plans to commission three more versions of a satellite launched this week by Russia, Tehran's government spokesman said Friday. The Khayyam blasted into orbit on Tuesday, prompting US accusations that it is intended for spying. Iran dismissed Washington's claim as "childish." "The construction of three other Khayyam satellites with...
  • Abu Dhabi non-oil foreign trade $33.75 billion in first half of 2022

    The value of the trade-in commodities from normal metals and their products increased to AED24.51 billion, with a growth rate of 22 percent, compared to AED20.11 billion in 2021. The trade in pearls, gemstones, precious metals and their products has increased to 40 percent.
  • US continues mediation in Lebanon-Israel maritime border dispute

    “Progress towards a resolution can only be reached through negotiation by the two governments,” State Department spokesperson Vedant Patel said.
  • Iran dismisses claims Russia-launched satellite for ‘spying’

    Iran's Space Agency said the Khayyam satellite is entirely designed and built to meet the needs of the country in crisis and urban management, natural resources, mines, and agriculture.
  • Sharjah festival to screen films from 43 countries

    Films for children and youth from France, the United Kingdom and Saudi Arabia have topped the official selection list of 100 films for the 2022 edition.
  • Afghanistan: one year since the Taliban takeover

    Last year, this week, the Taliban launched a final offensive to win back control of the country they ran between 1996 and 2001.
  • Turkey to hold talks with US for sale of jet fighters

    A Turkish delegation will visit Washington next week to follow up on US President Joe Biden's pledge to deliver F16 fighter jets for Turkey's ageing air force, Ankara said Tuesday. Turkish Defense Minister Hulusi Akar said the team would arrive in Washington on Monday on the invitation of unnamed US...
  • ‘Iran examining EU’s final text at nuclear talks’

    Iran said Monday it is examining a "final text" presented by the European Union at the negotiations in Vienna aimed at restoring a 2015 nuclear deal between Tehran and world powers. The comments came after a European official said the EU has tabled the "final" version of the text, negotiations...
  • GCC stocks rise amidst US-China tension

    The performance of the Gulf stock exchanges varied this week, affected by several factors and events, most notably the tension that rose between the US and China.
  • US NSA terms China military drills near Taiwan ‘not responsible’

    A top US official on Wednesday called China's military drills in response to US House Speaker Nancy Pelosi's visit to Taiwan irresponsible and warned of the danger of the situation spiraling out of control.
  • OPEC+ meeting in focus as it decides on oil production strategy

    After cutting production in 2020 in response to falling prices during the Covid pandemic, OPEC+ began to modestly raise it last year and has renewed the policy every month.
  • US Fed official sees hope for US and EU to keep recession at bay

    A US central bank official still sees hope for the US and EU to avoid recession and achieve a soft landing by bringing inflation down to an acceptable level.
  • Saudi, UAE to receive $5bn worth missile systems from US

    Two weeks after US President Joe Biden made the visit to the Middle East, Saudi Arabia and the UAE will receive billions of dollars worth missile defense systems from the US to shoot down incoming enemy missiles or aircraft. The kingdom has been attacked by missiles fired by Houthi rebels...
  • Iran hits out at US for sanctions against oil trade

    The sanctions block any assets the entities own under US jurisdiction and ban US persons or entities from doing business with them, effectively constricting their access to the global financial system.
  • Iran says ‘optimistic’ after European Union proposal for nuclear deal

    Iran said Monday it remains "optimistic" about a possible revival of the 2015 nuclear deal after the European Union tabled a proposal aiming for a compromise in the talks stalled since March. "We remain optimistic that the negotiation process will lead us to a logical and reasonable outcome," foreign ministry...
  • Saudi Arabia GDP climbs nearly 12% in Q2 on oil price hike

    Saudi Arabia's year-on-year economic growth in the second quarter was 11.8 percent compared to the same period last year, according to initial "flash" estimates published by the General Authority for Statistics. The Middle East's largest economy has benefited from a spike in oil prices and has resisted appeals from Western...
  • US seeks to douse hostility with China over Pelosi’s Taiwan trip

    President Joe Biden's administration tried Friday to defuse heated Chinese warnings against a possible trip to Taiwan by US House Speaker Nancy Pelosi, as Beijing announced live-fire military drills in the Taiwan Strait.
  • Blinken and Lavrov hold ‘frank’ first talks since start of war

    The top diplomats of the United States and Russia spoke Friday for the first time since the Ukraine war, with Secretary of State Antony Blinken describing a "frank" exchange as he pushed to free two Americans. Blinken initiated the call with Foreign Minister Sergei Lavrov, whom he had shunned a...
  • Biden, Xi stay split on Taiwan but agree for face-to-face summit

    While this was Biden's fifth talk with Xi since becoming president a year and a half ago, it's getting hard to mask deepening mistrust between the two countries amid a trade war and tensions over Taiwan. The latest flashpoint is a possible trip by Biden ally Nancy Pelosi to the...
  • IMF cuts global growth outlook amid US, China slowdowns

    In its latest World Economic Outlook, the International Monetary Fund cut the 2022 global GDP estimate to 3.2 percent, four-tenths of a point lower than the April forecast, and about half the rate seen last year.
  • Will not be rushed into quick nuclear deal, says Iran

    Iran said Monday it will not be rushed into a "quick" deal reviving its faltering 2015 nuclear accord with world powers, as negotiations remain deadlocked. "They demand that Iran makes a quick decision, (insisting that) time is limited and Iran must respond quickly," foreign ministry spokesman Nasser Kanani said at...
  • Macron says revival of nuclear deal with Iran ‘still possible’

    French President Emmanuel Macron on Saturday told his Iranian counterpart Ebrahim Raisi that reviving the landmark 2015 deal on Tehran's nuclear capabilities was "still possible" but must happen "as soon as possible".
  • Iran says its nuclear policy unchanged after bomb remark

    The remarks came amid heightened tensions between Iran and Western powers as talks in Vienna to revive a 2015 nuclear deal have been stalled since March.
  • Tokyo equities post gains on US rally with eyes on BoJ

    Tokyo stocks opened higher on Wednesday as investors took heart from US rallies and other positive factors while awaiting a Bank of Japan policy decision later this week. A majority of analysts expect the Japanese central bank to keep its current easing policy but "speculation is lingering over a possible...
  • SAMI, Lockheed Martin sign pact

    A center for manufacturing composite materials will be set up in Riyadh.
  • Stocks gain as US report indicates fear of recession easing

    Stocks rose Monday following a rally on Wall Street in response to data indicating US consumers remained resilient to surging inflation and higher interest rates, easing concerns about a possible recession. Market analysts widely expect the central bank to announce a 75 basis-point lift.
  • Saudi Arabia signs Artemis Accords for space exploration

    Saudi Arabia announced joining Artemis Accords, affirming its commitment to sustainable space exploration guided by a common set of principles that promote the beneficial use of space for all of humanity.
  • Jeddah Summit enhances ties with US, GCC countries: Saudi minister

    Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih said that the Saudi-US and GCC-US summits, in the presence of Jordan, Iraq and Egypt, strengthens the solid relations and strategic partnership that exists among them.
  • Biden’s fraught Middle East tour sees no diplomatic breakthrough

    On issues ranging from energy prices to human rights and Israel's role in the region, Biden could point only to small -- if any -- gains after four whirlwind days of meetings and speeches. There was no progress on the moribund Palestine peace negotiations.
  • Euro faces many hurdles on way to recovery against dollar

    The euro's plunge against the dollar, triggered by the Ukraine war and mounting risks to the EU economy, has driven the two currencies to parity for the first time in two decades. The European single currency sank to $0.9952 on Thursday -- a level not seen since the end of...