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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.

Saudi-African Summit calls for peace in Middle East

The Summit held in Riyadh emphasizes resolving the Palestinian-Israeli conflict, urging international pressure on Israel for peace and addressing Gaza's...
  • The Summit in Riyadh emphasizes resolving the Palestinian-Israeli conflict, urging international pressure on Israel for peace and addressing Gaza's humanitarian crisis.
  • Marking a significant step in Saudi-African relations, Riyadh Declaration vows to enhance cooperation across defense, economic, cultural, and environmental sectors.

Sharjah looks to boost economic, investment ties with Uganda and Kenya

Sharjah, UAE-- In a groundbreaking move to strengthen ties with burgeoning markets in Africa, the Sharjah Exports Development Centre (SEDC)...
  • In order to boost trade with Uganda and Kenya, the Sharjah Chamber of Commerce and Industry (SCCI) will dispatch a trade mission to the African countries
  • The trade mission will explore ways to enhance development and foster stronger ties as part of the chamber's commitment to supporting the local business community

Crisis escalates in Gaza as medical supplies dwindle

The humanitarian situation in Gaza reaches a critical point as medical supplies run low and the Al-Awda Hospital faces closure...
  • The humanitarian situation in Gaza reaches a critical point as medical supplies run low and the Al-Awda Hospital faces closure due to a severe fuel shortage.
  • With the international community's eyes upon them, urgent calls for aid and intervention are being made amidst the ongoing Israeli-Palestinian conflict.

‘Gulf nations should unite for Palestinian cause’

"Our stance on the Palestinian issue is unequivocal. The Palestinian people's right to resistance, including reclaiming their occupied land and...
  • GCC parliament heads condemn violence against Palestinians, support their struggle for statehood and rights.
  • As part of global diplomacy, GCC seeks to to strengthen relations with European and Latin American parliaments.

Intrinsic values, futuristic strategies elevate Dubai

Dubai's evolution from a simple fishing village to a premier global tourist hub is credited to its innate advantages, deliberate...

Many Western Socialists back Israel in Gaza conflict

This TRENDS report delves into the nuanced positions of Western political figures, unveiling a multifaceted blend of support, criticism, and...
  • This TRENDS report delves into the nuanced positions of Western political figures, unveiling a multifaceted blend of support, criticism, and calls for humanitarian intervention
  • Pro-Palestinian rallies suggest Western sentiment shift, while history shows American socialists' deep-rooted Israel support. However, there is a change in Western socialist stance

Al Seer Marine receives new very large gas carrier, fleet size rises to 20

ABU DHABI, UAE - Al Seer Marine, a subsidiary of Abu Dhabi-based International Holding Company, has announced the takeover of...
  • This marks the second VLGC delivery under the US$134 million deal signed by ABGC DMCC, a JV between Al Seer Marine and BGN International.
  • The VLGC North Gas, with a cargo capacity of 84,326 cubic meters, was built by Hyundai Heavy Industries and was handed over to ABGC DMCC in South Korea.

Non-oil revenue boost shows GCC’s financial wisdom

The GCC nations exemplify financial prudence. Their continuous efforts to boost non-oil revenues, reform tax policies, and modernize and digitize...
  • GCC countries embark on a transformative economic journey, underpinned by national economic plans
  • The Gulf economies showcase resilience, recovering from the COVID-19 pandemic amidst global challenges

Gaza becomes a dangerous ground for journalists

Amidst the escalating Israel-Hamas conflict, an alarming number of journalists have been killed, injured, or missing, underscoring the importance of...
  • Amidst the escalating Israel-Hamas conflict, an alarming number of journalists have been killed, injured, or missing, underscoring the importance of ensuring their safety
  • Amid the ongoing Middle Eastern conflict, ensuring the safety of journalists is paramount, as the world depends on their reporting to grasp the crisis's complexities

Collaboration crucial for renewable energy transition

"World peace and security, along with social, economic, and political stability, hinge on two pivotal factors: addressing climate issues and...
  • The UAE is actively supporting global efforts to mitigate the effects of climate change at both regional and international levels
  • World peace, security and stability hinge on addressing climate issues and investing in clean and renewable energy sources

Millions join ‘No Kings’ protests across US

More than 3,000 rallies were held across all 50 states, with participation estimates ranging from several million to as many...

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Dubai tourism shines: 25 percent repeat visitors, rising AI use

Dubai, UAE -- Dubai Corporation for Tourism and Commerce Marketing (DCTCM) has confirmed that 25 percent of visitors to Dubai...

ECB set to cut interest rates before the Fed’s big decision next week

The European Central Bank on Thursday is set to slash rates again by 25 basis points just days ahead of...

Market capitalization of 20 UAE listed firms reaches $762 billion

Abu Dhabi, UAE -- The market capitalization of the top 20 listed companies in the local stock markets by market...

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Asia-Pacific markets mixed, dollar down Monday as Fed readies to acknowledge cuts

Asia-Pacific markets were mixed on Monday after a week that saw a broad rally in stocks, as investors awaited a...
  • The Bank of Korea releases rate decision Thursday, Japan and Singapore issue inflation data Friday
  • Against the yen, the greenback fell more than 0.8% to 146.37

US Department of State issues favorable 2024 Bahrain Investment Climate Statement

The investment climate in the Kingdom of Bahrain is positive and relatively stable. Bahrain maintains a business-friendly environment and a...
  • Oil and gas sector now makes up less than 20 percent of Bahrain’s GDP
  • Bahrain’s total foreign direct investment (FDI) stock reached $33.8 billion in 2023

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.
  • Net income, excluding these one-offs, increased by AED 100 million, 6.9% higher than the prior-year period.
  • TAQA’s revenues reached AED 13.7 billion, 5.3 percent higher than the prior-year period, due to the contribution from SWS Holding.