Barclays Grows Profit by 13%, Bets on AI to Cut £2 Billion in Costs
Barclays' 2025 profit rose 13% to £9.1bn. It targets £2bn AI-driven cost cuts by 2028 and plans £15bn shareholder returns by 2028.
Humain Launches HUMAIN Sport Platform Following Acquisition of Majority Stake in ai.io
Humain launched HUMAIN Sport after acquiring ai.io, aiming to expand AI-powered sports solutions in Saudi Arabia and globally.
BP Halts Share Buybacks and Deepens Cost Cuts Amid Investor Pressure, Shares Drop 4%
BP halts share buybacks, deepens cost cuts, and cuts spending to strengthen finances, causing shares to drop 4% amid investor pressure.
Khazna and Presight Sign Long-Term Agreement to Establish Unified AI-Driven Command Platform for Data Centers
Khazna and Presight partner to launch an AI-driven command platform for unified, efficient, and sustainable data center management.
Emsteel Raises Revenues to AED 8.9 Billion and Achieves Strong Operational Growth in 2025 with Net Profit of AED 481 Million
Emsteel's 2025 revenue rose 7% to AED 8.9B, net profit up 23% to AED 481M, driven by higher sales, efficiency, and strong cash position.
Americana Restaurants Expands Regional Presence with 75-Year Exclusive License for 'Malak Al Tawouk' and Full Franchise Acquisition in UAE and Saudi Arabia
Americana secures a 75-year license and acquires all UAE & Saudi 'Malak Al Tawouk' franchises to boost regional expansion and brand portfolio.
Aldar Profits Surge 36% to AED 8.8 Billion in 2025; Record Sales of AED 40.6 Billion Amid Strong Development Momentum and Cash Flows
Aldar's 2025 net profit rose 36% to AED 8.8B on record sales, strong demand, and robust cash flow, with a 10.8% higher dividend proposed.
ADNOC Gas Reports Record Net Income for 2025, Confirms AED 13.22 Billion Payouts Driven by Local Business Growth
ADNOC Gas posted a record AED 19.1B net income for 2025, with AED 13.22B in dividends, driven by strong local growth and efficiency.
Washington Post CEO Resigns Days After Laying Off a Third of Staff Amid Financial Crisis
Washington Post CEO Will Lewis resigned after major layoffs and financial losses, leaving CFO Jeff Donofrio as interim CEO amid staff unrest.
Luberef's Second-Half Dividend Proposal Raises 2025 Yield to SAR 4.5 per Share, Reinforcing Free Cash Flow-Linked Policy
Luberef proposes a 2025 dividend of SAR 4.5/share, about 70% of free cash flow, despite lower profits, maintaining its payout policy.
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