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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.

  • Expo 2020 launches official visitor app and business-focused app

    Expo 2020 Dubai has launched its official visitor app and a business-focused app.

    The official Expo 2020 app allows users to tailor their visit to the event, matching individual interests to create a personal schedule

    The Expo 2020 Business App matches users with similar interests and objectives among the business community

  • Qatar to hold its first-ever Formula One Grand Prix

    The race will take place at the Losail International Circuit north of Doha on November 21 and will form the...

    The Australian GP, traditionally a season-opener, was moved towards the end of the season but was canceled for a second year running.

    Qatar has also signed a 10-year deal to host Formula One from 2023.

  • East Pipes Integrated plans IPO

    The Saudi Arabia-based company gets approval to float 6.3 million shares.

    The offering will be limited to qualified investors, who should conduct their own due diligence on the information disclosed in the company’s prospectus

    6.3 million shares to be floated as the measure has been approved by Saudi Arabia’s Capital Market Authority

  • EDB to push Ajman growth

    The EDB-Ajman MoU is in line with the Make it in the Emirates Campaign.

    Under the terms of the agreement, EDB will support SMEs registered at Ajman Free Zone, in line with its applicable policies and procedures

    In addition, the companies operating in the free zone will be given access to the bank’s key programs, financing solutions, and other facilities

  • ABHGA readies $13bn investment

    This agreement can be considered the start for several projects.

    This agreement aims at increasing the level of cooperation between the public and private sectors to achieve the objectives of Vision 2030

    The areas of cooperation between ABHGA and NIDLP, subject to this agreement, includes establishing a joint framework

  • 2021 a year of recovery in oil market: OPEC Sec Gen

    Barkindo underscored the importance of the efforts by the Declaration of Cooperation (DoC) Participating Countries in accelerating the rebalancing process...

    Barkindo underscored the importance of the efforts by the Declaration of Cooperation (DoC) Participating Countries in accelerating the rebalancing process in the global oil market

    The Secretary General also stressed the need to remain cautious and attentive to an ever-evolving market situation

  • Infrastructure push spurs job growth in GCC

    The UAE and Qatar are hosting global events like EXPO 2020 this October and FIFA World Cup in 2022  respectively...

    In recent months, all GCC countries have unveiled major infrastructure projects following vaccination of the majority of the population and a rebound in oil prices

    The UAE and Qatar are hosting global events like EXPO 2020 this October and FIFA World Cup in 2022 respectively and initiating infrastructure projects worth billions of dollars

  • Saudi MSMEs get new three-month payment respite

    The Deferred Payment Program was launched on March 14 last year, as Covid-19 was spreading across the world. According to...

    The respite is in the form of the extension of the Deferred Payment Program for the MSMEs

    The initiative is one of the many Private Sector Financing Support Programs the central bank has launched to help the economy

  • More UAE women take up STEM courses

    The Emirati women's share in online enrollments in science, technology, engineering, and mathematics rises to 42 percent in 2021 from...

    The Emirati women's share of online enrollments in science, technology, engineering, and mathematics increased to 42 percent in 2021 from 38 percent in 2019

    Women’s enrollment in entry-level professional certificates also went up in the country from 26 percent in 2019 to 32 percent in 2021

  • Bahrain launches region’s fastest global sea-to-air logistics hub

    Bahrain expects this to be the most efficient multimodal sea-air transshipment hub in the region with a global reach.

    The hub is said to have a turnaround time of just two hours for all containers

    This means products can be with customers in half the time and at 40 percent of the cost

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