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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.
  • Iran ready to negotiate with US but not under ‘maximum pressure’: minister

    In 2015, Iran struck a landmark deal with the United States, France, Germany, Britain, China and Russia to regulate its nuclear programme in return for the easing of international sanctions. However, in 2018, during his first term, Trump unilaterally withdrew the United States from the agreement and reinstated heavy sanctions...
  • US-led coalition base in Iraq hit by missiles

    Al-Asad airbase was targeted by 15 rockets" fired from Anbar province, which is home to the military base, an Iraqi police official from the region told AFP, speaking on condition of anonymity. He said 13 of the projectiles were shot down by anti-air defenses but that "two fell on the...
  • NASA loses contact with its mini-helicopter on Mars

    WASHINGTON, US - NASA has lost contact with its tiny helicopter Ingenuity during the hard-working craft's 72nd flight, the space agency said.The agency's engineers are attempting to re-establish communications, which ended abruptly on Thursday as the craft was making its descent from a test flight, NASA said late on Friday.Ingenuity, which...
  • Iran launches research satellite, says minister

    Iran's Revolutionary Guards launched a research satellite, a minister said, putting it into a higher orbit in a milestone for its aerospace program that has faced Western criticism. The United States has warned Iran against such launches, saying the technology can be used for ballistic missiles, including ones designed to...
  • US carries out fresh strikes against Yemen’s Houthis

    Washington is seeking to reduce the Iran-backed Houthis' capabilities, but the Yemeni rebels are still able to attack despite a week of strikes, and they have vowed that they will keep targeting merchant vessels. The Houthis began striking Red Sea shipping in November, saying they were hitting Israeli-linked vessels in support...
  • Israel to allow flour shipments for Gaza through key port: US

    Three UN agencies -- the World Food Program (WFP), UNICEF and the World Health Organization (WHO) -- pushed for the opening of Ashdod in a joint statement on Monday. The use of Ashdod, located some 25 miles (40 kilometers) north of the Gaza border, is "critically needed by aid agencies,"...
  • US drone crashes in Iraq, Islamic resistance fighters claim hit

    US and allied forces in Iraq and Syria have been hit by some 140 attacks since mid-October, according to the Pentagon -- many of which have been claimed by the Islamic Resistance in Iraq. On January 4, a US strike in central Baghdad killed a pro-Iran commander who Washington said...
  • China exhorts end of ‘harassment’ of civilian vessels in Red Sea

    Beijing, China--China called for an end to "harassment" of civilian vessels in the Red Sea on Friday after attacks on ships by Houthi rebels in solidarity with Palestinians in Gaza.Houthi aggression against vessels in and around the Red Sea has led to retaliatory strikes in Yemen by US and British forces.Some shipping...
  • Houthis say US ship hit in latest attack, promise safe passage for Russian, Chinese ships

    In its own statement, the US military's Central Command, which is responsible for the Middle East, said the Houthis on Thursday night "launched two anti-ship ballistic missiles at M/V Chem Ranger, a Marshall Island-flagged, US-Owned, Greek-operated tanker".
  • Akasa Air orders 150 Boeing planes

    Akasa Air will buy 737 MAX planes, which no Indian airline uses.
  • Google CEO says more layoffs are likely this year

    SAN FRANCISCO, US - Google CEO Sundar Pichai has warned employees that more layoffs are in store at the search engine giant as it focused on new priorities, including artificial intelligence."These role eliminations are not at the scale of last year's reductions and will not touch every team. But I know...
  • US, UK launch new strikes on Houthi targets in Yemen

    A Houthi military official told the rebels's Al-Masirah TV that fighters will continue to target Israeli ships heading to "the ports of occupied Palestine, no matter how the American-British aggression tries to prevent us from doing so." US media quoted US officials as saying another round of strikes had been...
  • Shell halts Red Sea shipments over attack fears, say report

    WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report on Tuesday.The worries of escalation grew after United States and United Kingdom strikes on scores of sites in rebel-held...
  • Goldman Sachs profits up 58%

    Revenues rose seven percent to $11.3 billion.
  • Turkish strikes leaves hundreds of Syrian villages without electricity

    Qamishli, Syria - Hundreds of northeast Syrian villages and towns have lost power after Turkish strikes pounded electricity stations and infrastructure, the region's semi-autonomous Kurdish administration said on Monday.The Kurdish administration said Turkey launched a slew of strikes since Friday, mostly concentrated on infrastructure including power stations and oil refineries.Turkey said...
  • China says ‘firmly opposed’ to all official US-Taiwan exchanges

    "China has always firmly opposed any form of official exchanges between the United States and Taiwan, and resolutely rebutted the United States for interfering in Taiwan's affairs in any way and under any pretext," foreign ministry spokeswoman Mao Ning told a regular press conference.
  • US downs missile fired from Yemen at American warship

    The Houthis have said they are acting in solidarity with the besieged Gaza Strip, where Hamas fighters have been battling Israel forces for more than three months. Earlier, the United States denied Yemeni rebel reports that it carried out new attacks Sunday on rebel targets in Yemen.
  • US targets Houthis in new strikes over Red Sea threat

    Violence involving Iran-aligned groups in Yemen, Lebanon, Iraq and Syria has surged since the war in Gaza began in early October. The Houthis, who say they are acting in solidarity with Gaza, have carried out a growing number of attacks on what they deem Israeli-linked shipping on the key Red...
  • Thousands march in US, UK for Gaza ‘day of action’

    Saturday's marches held particular significance given US and British air strikes in Yemen this week against Houthi bases, after the Iran-backed fighters attacked ships in the Red Sea in solidarity with Gaza. The day of action, called by a British organizing coalition, involved protests in 30 countries.
  • Hamas says Israeli shelling leaves 60 dead in Gaza

    Health officials in Hamas-ruled Gaza said that Israeli strikes overnight killed at least 60 people in the besieged territory, which was also grappling with a telecommunications blackout on the war's 99th day. Fears of the conflict widening intensified after US and British forces struck Houthi rebels in Yemen following attacks...
  • US sanctions Hong Kong, UAE firms over Houthi support

    The move comes hours after US and UK forces launched strikes against the Houthi rebels, seeking to halt their repeated attacks on shipping in the Red Sea. The Houthi's attacks, which the group says are in protest at Israel's war against Hamas, has forced cargo ships to avoid the Suez...
  • Oil prices rise on Red Sea escalation, corporate earnings season

    Crude prices spiked more than four percent before ebbing somewhat after the allies launched deadly strikes following weeks of disruptive rebel attacks on Red Sea shipping. An analyst at SEB bank said if the US-UK attacks were unsuccessful in destroying Houthi weapons, and oil tankers need to go around Africa,...
  • UNSC to meet on US-UK strikes against Houthi rebels

    The UN Security Council will hold an emergency meeting over the strikes carried out by the United States and Britain against Houthi rebels in Yemen, the chamber's presidency said. France, which holds the rotating presidency for the month of January, said the emergency meeting had been requested by Russia.
  • Yemen’s Houthi rebels have built a significant arsenal  

    DUBAI, UAE - Yemen's Houthi rebels, who vowed to retaliate against US and British strikes early on Friday against key military sites, have built up a significant arsenal, including cruise missiles and drones.Since the Israel-Hamas war broke out on October 7, the Iran-backed Houthis have carried out a spate of attacks...
  • Oil prices rise after US, UK strike Houthi rebels

    Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships in the Red Sea, fueling worries about a wider conflict. Tokyo and European stock markets ended the week with gains as traders brushed off data showing US inflation rose more...
  • Turkey and Gulf nations condemn US, UK airstrikes on Yemen

    "First of all, they are not proportional. All of these constitute disproportionate use of force," Erdogan told journalists after Friday prayers in Istanbul. Oman, a mediator in attempts to end Yemen's long-running civil war, expressed its "worry" at the strikes on Houthi rebel military targets that, according to the Houthis,...
  • Tesla suspends production in Germany

    Houthi attacks in the Red Sea caused a shortage of parts.
  • US and UK target Houthi radar, missile capabilities

    US President Joe Biden termed the the US and British strikes a "defensive action" after the Red Sea attacks, and said he "will not hesitate" to order further military action if needed. The strikes involved fighter jets and Tomahawk missiles, several US media outlets said. US officials did not immediately...
  • Houthi attacks idle Suez Canal, deepen Egypt’s economic woes

    The man-made waterway - which officially opened in 1869 - is crucial for Egypt, earning it $9.4 billion in transit fees in the fiscal year 2022/23. Since the Iran-backed Houthis began attacking ships in response to Israel's bombardment of the Gaza Strip, companies have opted for the far longer route...
  • Jordan king to host Sisi, Abbas for Gaza talks: palace

    King Abdullah, in a meeting Sunday with US Secretary of State Antony Blinken, called on the United States to press Israel for an "immediate ceasefire" and to put an end to the humanitarian crisis brought by the Gaza war. King Abdullah had also warned Blinken against "the catastrophic repercussions of...
  • UAE economy likely to grow by 3.8 percent in 2025, says World Bank

    WASHINGTON, US - The World Bank expected the UAE's real GDP to grow by 3.4 percent in 2023, rising to 3.7 percent in 2024 and to 3.8 percent in 2025.According to the Global Economic Prospects report released on Tuesday, the World Bank forecast the growth in the Gulf Cooperation Council...
  • Tokyo’s Nikkei climbs to its highest level since Mar 1990

    Tokyo, Japan - Tokyo stocks closed higher on Tuesday on the back of gains in US tech stocks, pushing the Nikkei index to a 33-year high.The benchmark Nikkei 225 index climbed 1.16 percent, or 385.76 points, to end at 33,763.18, while the broader Topix index added 0.82 percent, or 19.55 points,...
  • Boost investment to avert ‘decade of wasted opportunity’: World Bank

    Global growth is set to slow from an estimated 2.6 percent in 2023 to 2.4 percent this year, 0.75 percentage points below the average of the 2010s, the World Bank said in its latest report on the health of the global economy. If the forecast proves accurate, 2024 would mark...
  • Blinken discusses Israel normalization in tented Saudi talks

    US top diplomat Antony Blinken also said all the leaders on his tour, which took him to six countries before heading to Israel, had agreed to work with the US to help Gaza's recovery and long-term stability. He was speaking after meeting Crown Prince Mohammed bin Salman in a lavish...
  • China’s ties with US ‘stabilized’ last year, says Wang Yi

    In an attempt to lower recriminations in the relations between the two countries, President Joe Biden met Chinese counterpart Xi Jinping in San Francisco in November for talks that both sides described as a qualified success. Beijing and Washington have butted heads in recent years on flashpoint issues from technology...
  • Markets drop as US jobs deal fresh blow to early rate cut hopes

    Hong Kong, China - Asian markets stumbled out of the gates Monday, extending last week's grim start to the year, after a forecast-busting US jobs report further dampened hopes for an early interest rate cut.The keenly awaited non-farm payrolls data Friday showed the world's number one economy remains resilient despite interest...
  • Iran supports Baghdad pledge to expel US-led forces from Iraq

    "We have repeatedly expressed our views to the authorities of the countries of the region, including Iraq, and declared that the presence of American forces in any form whatsoever... would not help to maintain stability and peace," said Iranian foreign ministry spokesman Nasser Kanani.
  • Apple’s Vision Pro headset available in US on February 2

    WASHINGTON, US - Apple on Monday said it will release its highly anticipated Vision Pro mixed reality headset in the United States on February 2, in its first major release since the Apple Watch in 2015.Announced in June, the Vision Pro will cost a hefty $3,499 before tax, more than double...
  • Rolls-Royce makes record deliveries

    It delivered 6,032 cars in 2023, the highest in its 119-year history.
  • Turkish Airlines grounds Boeing 737 MAX 9 jets amid inspection orders

    Turkish Airlines said that it would stop flying five Boeing 737 MAX 9 jets in its fleet even as the US air safety regulator said it was grounding some of these jets pending inspections after a panel blew out of one of the planes in midair in the United States,...
  • US military shoots down another drone over Red Sea

    The Houthis say they are targeting Israel and Israeli-linked vessels to push for a stop to the offensive in Gaza. The attacks are endangering a transit route that carries up to 12% of global trade, prompting the US to set up a multinational naval task force to protect Red Sea...
  • Hamas urges US diplomat to end Israeli aggression in Gaza

    ISTANBUL, TURKEY - Hamas leader Ismail Haniyeh has called on US Secretary of State Antony Blinken to use his current Middle East tour to end Israel's "aggression" as war rages in Gaza.The top US diplomat arrived in Turkey on Friday at the start of a trip that includes planned visits...
  • Fired over 60 rockets at Israeli military base, says Hizbollah

    Beirut, Lebanon - Lebanon's Hizbollah fired on Saturday over 60 rockets at an Israeli military base, the group said, describing the barrage as a response to the killing of Hamas's deputy leader in Beirut."As part of the initial response to the crime of assassinating the great leader Sheikh Saleh al-Aruri... the...
  • Global maritime trade sails into geopolitical storm

    Most large international shipping companies have decided to reroute trading to avoid the Red Sea and Suez Canal through which 12 percent of world trade usually passes. The Houthis say the strikes are in solidarity with Palestinians in war-ravaged Gaza, which Israel has bombarded relentlessly for three months, in what...
  • Iraq PM says determined to end presence of US-led coalition

    Sudani, whose government relies on support from Tehran-aligned parties, has repeatedly said in recent weeks he would like to see foreign troops leave Iraq. But the latest remarks came amid soaring regional tensions, with the repercussions of the Israel-Hamas war, raging for nearly three months, increasingly felt in Iraq and...
  • Blinken to tackle Gaza, NATO expansion with Turkey’s Erdogan

    Turkish President Recep Tayyip Erdogan has turned into one of the Muslim world's harshest critics of the scale of death and destruction happening in Gaza -- and of Washington's support for Israel. The US State Department on Friday announced $10 million rewards for information about five alleged Hamas foreign operatives...
  • Tesla to recall 1.6m EVs in China

    China is a vital component in US-based Tesla's global layout.
  • Gaza focus of German foreign minister’s upcoming Middle East tour

    Annalena Baerbock will hold talks with Israel's new Foreign Minister Israel Katz, as well as President Isaac Herzog, foreign ministry spokesman Sebastian Fischer told a regular press conference on Friday. She will also meet with Palestinian Authority president Mahmud Abbas and foreign minister Riyad al-Maliki.
  • Foreign governments paid Trump firms millions as president, claims US report

    NEW YORK, US - Former US president Donald Trump's businesses received at least $7.8 million from foreign governments including China during his time in the White House, a congressional report claimed.Officials from Saudi Arabia, India, Turkey and Democratic Republic of Congo were among some 20 countries' representatives who paid money to...
  • Iran-backed Iraqi group says top commander dead in US strike

    Baghdad, Iraq - A "US strike" in Baghdad on Thursday killed a military commander of the Hashed al-Shaabi, the ex-paramilitary force said, with an Iraq security official reporting two deaths in a drone attack."A drone targeted the logistical support headquarters of Hashed al-Shaabi," mainly pro-Iranian former paramilitary units integrated into the...
  • Saudi Arabia, Qatar denounce Gaza’s residents emigration plan

    Saudi Arabia and Qatar condemned comments by two Israeli ministers calling for Palestinians to emigrate from the Gaza Strip. Israel's National Security Minister Itamar Ben-Gvir on Monday called for promoting "a solution to encourage the emigration of Gaza's residents" and the re-establishment of Israeli settlements in the Gaza Strip.