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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.

Ban on single use plastic bags in Sharjah to begin from Jan 2024

  • It follows Sharjah’s efforts of making an environment-friendly emirate and its supportive plans of conservation, said reports
  • The ban was decided during a meeting of the Sharjah Executive Council (SEC) Tuesday morning at the Sharjah Ruler’s office.

Sharjah has banned single-use plastic bags and materials in the Emirate of Sharjah as of 1st January 2024.

It follows Sharjah’s efforts of making an environment-friendly emirate and its supportive plans of conservation, said reports.

The ban was decided during a meeting of the Sharjah Executive Council (SEC) Tuesday morning at the Sharjah Ruler’s office.

The SEC decision aims to:

  1. Protect the environment from the dangers of plastic pollution and reduce the negative effects resulting from harmful practices.
  2. Enhance and encourage a culture of environmental protection and sustainability by reducing the consumption of single-use plastic bags and materials, leading to their ban.
  3. Organize the shift from the consumption of single-use plastic bags and materials, and provide environmentally friendly alternatives.
  4. Ensure that multi-use bags and materials are handled sustainably.

The decision prohibits, as of 1st January 2024, to trade, produce, offer or import single-use plastic bags and materials in the emirate.

The reports said plastic bags are to be replaced with multi-use bags and materials with technical specifications and standards approved by the Department of Municipalities Affairs.