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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.

  • Iran-Turkey trade expands to US$930m in first two months of 2024

    Tehran, Iran--The trade exchanges between Iran and Turkey in the first two months of 2024 reached $930 million, showing a...

    According to a report, Turkey’s exports to Iran in January and February reached $580 million, recording a 23 percent increase

    Turkey’s imports from Iran however registered a 22 percent decline and fell from $450m in January-February 2023 to $350m

  • Central Bank of Bahrain Sukuk Al Ijara oversubscribed by 186 percent

    Manama, Bahrain--The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al...

    As per reports, subscriptions worth $128.67 million were received for the $69.14 million issue, which carries maturity of 182 days

    The expected return on the issue, which begins on April 4 and matures on October 3, is 5.90%, equivalent to the previous issue

  • Tesla reports drop in auto sales

    The decline was in part due to a weak sales market in China.

    In explaining the drop, Tesla pointed to a hit from the production ramp-up of an updated Model 3 at its California factory and plant shutdowns due to shipping diversions

    Financial services firm Morningstar said the decline also "points to a slowdown in demand for Tesla's vehicles, as the company's competitors may have cut price more than Tesla

  • FAB, Microsoft forge partnership

    The two will work to develop AI-based banking capabilities.

    The new AI Innovation Hub will focus on innovation, sustainability, and customer experience

    It will accelerate the adoption of new innovations and AI technology into financial services

  • Google to delete incognito search data

    The suit filed in June of 2020 sought US$5bn in damages.

    The lawsuit, filed in a California court in June 2020, claimed Google's practices had infringed on users' privacy by intentionally deceiving them with the incognito option

    The settlement calls for no cash damages to be paid but leaves an option for Chrome users who feel they were wronged to sue Google separately to get money

  • ADQ launches new firm in healthcare sector

    Arcera will aim to improve the quality of "human life."

    It will seek to build a global life sciences powerhouse set to make significant contributions to realizing Abu Dhabi’s 2030 Healthcare Life Sciences Vision

    With a workforce of over 6,500 people in 90 countries all over the world, Arcera aims to offer groundbreaking solutions that foster longer and healthier lives

  • Gross written premium rises by 12.7% in Q4 2023 to US$14bn, says CBUAE

    ABU DHABI, UAE - The UAE insurance sector continued to grow in Q4 2023, as reflected by the increase in...

    The number of licenced insurance companies in the UAE remained at 60, the CBUAE announced in its quarterly economic report.

    The insurance of persons and fund accumulation premiums decreased by 12.4 percent YoY.

  • New shipping service in Saudi Arabia launched

    RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) has announced the addition of the new shipping service 'NRS' by...

    The NRS shipping service will link Jeddah Islamic Port to Yanbu Commercial Port, Neom Port, Aqaba Port in Jordan, and Sokhna Port in Egypt.

    This will further establish the Kingdom's position as a global logistics hub that bridges three continents,

  • Liberty Media buy MotoGP

    Formula One owners paid US$4.5 billion for the deal.

    The acquisition is expected to be completed by the end of 2024 subject to clearances and approvals.

    MotoGP said Liberty Media would acquire "approximately 86 percent" stake from Spain-based owners Dorna.

  • Debt, trade barriers drag Asian economies in 2024, says World Bank report    

    BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast...

    Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5 percent this year from 5.1 percent in 2023.

    A key risk is that the US Federal Reserve and other major central banks might keep interest rates higher than before the pandemic.