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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.

UAE opens field hospital in Chad to help Sudanese refugees

ABU DHABI, UAE -  UAE Ambassador to the Republic of Chad Rashid Saeed Al Shamsi on Sunday opened a field...
  • The hospital was opened in the presence of the Chadian Minister of Health and a number of Chadian government officials.
  • Representatives of UAE entities supervising the implementation of the project, and the Emirati medical team were also present on the occasion.

Dubai Customs, Japan seize drugs worth $310m from Tokyo port

DUBAI, UAE- Dubai Customs has assisted Japanese customs authorities in intercepting a significant quantity of illicit drugs. Up to 700...
  • Up to 700 kilograms of "methamphetamine" powder, worth $310 million, were concealed within a cargo ship.
  • The successful operation led to the apprehension of both the cargo ship and the illegal drugs at Tokyo Port.

OFID, partners offer $60m loan to Tanzania for renewable energy

VIENNA, AUSTRIA -  A new US$60 million loan by the OPEC Fund for International Development (OFID) and partners is expected...
  • The project will include constructing a 166km overhead transmission line connecting the Kagera region to the national grid.
  • Tanzania is investing in expanding its hydropower capacity with plants under development at Rusumo and Kakono in its northwestern region.

Covid and Ukraine have badly hit UN sustainable goals progress

Geneva, Switzerland - United Nations Conference on Trade and Development (UNCTAD) said the COVID-19 pandemic, Ukraine crisis and the climate...
  • The UNCTAD released the fifth edition of its annual SDG Pulse, a global reference for tracking progress towards achieving the Sustainable Development Goals (SDGs) by 2030.
  • The data and analysis cover a wide range of SDG indicators and others relevant to trade, investment, financing for development, debt, transport and technology.

Cruise visitors to Qatar in 2022-23 rise 151 percent

DOHA, QATAR -  New data from Qatar Tourism (QT) revealed that the country welcomed 253,191 cruise visitors during its 2022-23...
  • Qatar has seen a steady increase in cruise ship arrivals and passenger numbers, and the industry is poised for further growth in the seasons to come.
  • In 2022-23 season, most cruise passengers originated from Germany (31 percent), Italy (10 percent), Russia (6 percent) and the United Kingdom (3 percent).

Vodafone, Microsoft ink pact

The two firms will offer AI Digital Contact Centre Platform.
  • The MoU was signed by General Manager of Microsoft Lana Khalaf, and Enterprise Business Unit Director at Vodafone Qatar Mahday Saad Al Hebabi.
  • With this platform, contact centers will be equipped with modern digital tools to engage customers across voice, video, and other digital channels.

UAE discusses tourism with India, UK, Indonesia and Japan

NEW DELHI, INDIA - UAE Minister of Economy and Head of the Emirates Tourism Council Abdullah bin Touq Al Marri...
  • The UAE is keen on developing tourism ties with countries and building partnerships in fields that supports economic, social growth and prosperity.
  • The UAE had adopted a forward-looking vision to develop a distinguished tourism sector at the regional and global levels.

Kuwait, UN sign MoU to enhance cooperation in counter terrorism

NEW YORK, US - Kuwait Ministry of Foreign Affairs and the United Nations signed a Memorandum of Understanding (MoU) aimed...
  • A training program for Kuwaitis and the establishment of special workshops in the field of combating terrorism was discussed.
  • The country has tried to strengthen global partnerships in combating terrorism, Kuwait's assistant minister said.

Dubai’s weeklong real estate transactions exceed US$4.2bn

DUBAI, UAE -  A total of 4,048 real estate transactions worth over US$4.2 billion  (AED 15.6 billion) were conducted during...
  • The records show that 278 plots were sold for US$473 million, while 2,965 apartments and villas were purchased for US$1.9 billion.
  • The top transaction was that of a plot of land in Wadi Al Safa 3 which sold for US$24 million, the records revealed.

CBUAE balance sheet rises to US$172bn at end of April 2023

ABU DHABI, UAE -  The Central Bank of the UAE's (CBUAE) balance sheet grew by 6.3 percent on a monthly...
  • CBUAE says balance sheet increased YoY to US$33 billion against US$138 billion at the end of April 2022.
  • CBUAE has US$72 billion for cash and bank balances in April, along with reserved investments to the tune of US$55 billion.

Exhibition of art and poetry in Dubai celebrates women

Featuring the work of international women artists, "La Belleza" celebrates the deep connection between art and poetry.

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Dubai wins right to host 349 business event in 2023

DUBAI, UAE - Dubai consolidated its status as a central hub for international business events in 2023, with the city...

Dubai real estate market records $925 million in daylong transactions

Dubai, UAE -- Dubai's real estate market recorded 510 sales transactions worth AED1.36 billion on Tuesday, in addition to 210...

Alef Group announces US$84m sales transaction at ACRES 2024

SHARJAH, UAE - Alef Group concluded its participation in the ACRES Real Estate Exhibition 2024 with resounding success, generating significant...

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Dubai posts real estate transactions worth $3.5bn in week ending January 19

DUBAI, UAE - The real estate and properties transactions valued at US$3.5 billion (AED13 billion) in total during the week...
  • The sum of transactions was 3,697 and 184 plots were sold for US$547 million.
  • 2,770 apartments and villas were sold for US$2 billion (AED 7.46 billion).

Palestinians count cost of Israel’s West Bank raid

Palestinians held funerals and assessed the damage of a days-long Israeli raid in the occupied West Bank, where violence has...
  • Mourners threw flowers over those killed and masked gunmen fired in the air as the funeral procession made its way through Tulkarem refugee camp..
  • Israel's military said they searched around 1,000 buildings around Tulkarem and interrogated hundreds of people, arresting dozens of them.

Qatar real estate trading volume reaches US$91m between January 7-11

DOHA, QATAR - The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...
  • Total sales contracts for residential units in the Real Estate Bulletin from January 7 to January 11 were US$15 million.
  • The volume of real estate trading in sales contracts from December 31, 2023 to January 4, 2024, exceeded US$222 million.