INSEAD Day 4 - 728x90

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.

Turkish authorities make further arrests in football betting scandal

Milan Skriniar (C) of Fenerbahce and Tammy Abraham (9) of Besiktas compete during the Ziraat Turkish Cup Group C match between Fenerbahce and Besiktas at Chobani Stadium in Istanbul, Turkiye on December 23, 2025.
  • Their arrests follow the incarceration of six referees and the president of top tier club Eyupspor at the beginning of November
  • Amongst those arrested were a former president of Turkish giants Galatasaray, Erden Timur, the vice-president of Eyuspor

Istanbul, Turkey – The betting scandal in Turkish football deepened on Friday as 29 people, including 14 footballers, were arrested, the Istanbul public prosecutor’s office announced.

Their arrests follow the incarceration of six referees and the president of top tier club Eyupspor at the beginning of November.”Arrest warrants have been issued against 29 people, including 14 footballers, and 24 have been placed in police custody,” read the prosecutor’s statement.

Amongst those arrested were a former president of Turkish giants Galatasaray, Erden Timur, the vice-president of Eyuspor, Fatih Kulaksiz, a director of the Turkish Football Federation (TFF), businessmen and a former policeman.

Six of the suspects are accused of “influencing the result of the match Kasımpasa-Samsunspor” on October 26, 2024, and the 14 players had “placed bets in a manner that could affect the result of the match” in betting on the victory of the opposing team in the match against their own club.

According to the prosecutor’s office, suspect transactions were identified on bank accounts, notably “money going in and out considered to be linked to bets, suspicions that the origins of funds were being concealed and unusual financial transactions”.

This is the third wave of operations linked to sports betting.

The TFF, who has said it wants to “clean up” Turkish football, suspended 150 referees last month found guilty of betting on matches.

They also suspended 25 first division players and around 1,000 others from the second, third and fourth tiers.