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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.

  • General Motors Q2 profits up

    Revenues were recorded at $44.7 billion, up 25 percent.

    General Motors (GM) reported profits of $2.6 billion, up 52 percent from the year-ago level.

    GM scored higher deliveries compared with the year-ago period in both North America and China.

  • The investment for redevelopment is valued at $136 million. (WAM)

    Aldar to redevelop two malls

    The plan is part of AED 1bn revitalization project.

    The first phase of the project will focus on enhancing the customer experience and solidifying Al Jimi Mall's position as the go-to shopping hub for both residents and visitors.

    The redevelopment plan seeks to increase the Gross Leasable Area (GLA) by a significant 20 percent, expanding it to 91,000 square meters.

  • Sharjah posts $149 million in first half realty transactions

    Sharjah, UAE -- Sharjah real estate sector recorded deals worth AED549.4 million ($149.5 million) for the first half of 2023,...

    The transactions were facilitated through the department's branches located in the Central region and the cities of Khorfakkan, Dibba Al-Hisn, and Kalba.

    The cash trading volume in the central region accounted for AED231 million, with Khorfakkan reaching AED185.4 million.

  • 200 digital companies participate in Dubai Chamber’s China roadshow

    Dubai, China - The roadshow of Dubai Chamber of Digital Economy across five cities of China  saw the participation of...

    The delegation held more than 55 business meetings in cities such as Shanghai, Shenzhen, Hainan, Jinan, and Beijing

    These meetings served to introduce Chinese companies to Dubai's thriving digital ecosystem and facilitate their potential expansion into the emirate

  • Unilever profit jumps on asset sale

    The firm's profit after tax rose 22 percent to $3.9 billion.

    Profit after tax rose 22 percent to $3.9 billion in six months to the end of June from a year earlier, Unilever said in a statement

    British consumer goods giant Unilever said it gained 497 million euros from the sale of personal-care business Suave in North America

  • Multiply Group Q2 2023 profit is $108m

    The group's public market portfolio stands at $9.1bn.

    The profit from Multiply Group’s operating entities witnessed a surge of 33.6% in Q2 2023, compared to the same period last year

    Multiply Group is seeing more value accretive acquisition opportunities emerge globally across its operating verticals and investment arm

  • gaza, israel, oil, crude

    KNPC exports first shipment of 95 octane motor fuel to Europe

    Kuwait City, Kuwait--The Kuwait National Petroleum Company (KNPC) has exported the first shipment of 95 octane motor fuel and low-sulfur...

    The deputy CEO of the company said that the first shipment was loaded on board the oil tanker Pacific Sarah from Mina Al-Ahmadi

    He said the shipment was dispatched in close cooperation and coordination with Kuwait Petroleum Corporation's international marketing sector

  • Saudia Cargo signs deal with Jan de Rijk

    It will enable Saudia Cargo to widen network in Europe.

    As per the terms of the deal, Saudia Cargo will use Jan de Rijk's extensive trucking network to shore up its operations in Europe

    Set up in 1971, Jan de Rijk Co, is a leading provider of European transportation, distribution services, and supply chain management solutions

  • Abu Dhabi records 363% growth in FDI in the real estate sector during H1 2023

    Abu Dhabi, UAE - The foreign direct investment (FDI) in the individual category within Abu Dhabi's real estate sector has...

    Saadiyat Island claimed the top spot with 34%, followed by Yas Island at 28%, Al Jurf at 12%, Al Reem Island at 11%, and Al Shamkha area at 8%

    Earlier in June, Fortinbras Enterprises, a New York-based firm, made a strategic investment in Peninsula Real Estate, an Abu Dhabi-based property investment company

  • Flying taxis: Saudi Arabia stares at sustainable skies

    NEOM, the Kingdom's futuristic city, hosts Volocopter's pioneering eVTOL aircraft test flights, marking a substantial stride towards sustainable, smart mobility.

    NEOM, the Kingdom's futuristic city, hosts Volocopter's pioneering eVTOL aircraft test flights, marking a substantial stride towards sustainable, smart mobility

    'Taxi ports', air traffic systems, private sector participation, and new regulations are crucial to futuristic transportation to ensure safety and efficiency in mobility