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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.

  • Herald, SAIF Zone sign agreement

    Herald aims to expand its presence in the region.

    Under the new deal, Herald Holdings has secured 173,000 square feet (sq.ft) on lease in SAIF Zone to construct a logistics facility.

    The facility will offer comprehensive warehousing services and seamless cargo transportation by air, land, and sea.

  • Twitter has lost half its advertising revenue, says Musk

    Twitter owner Elon Musk said Saturday that the social media platform he bought for $44 billion last October has lost...

    Insider Intelligence has reported that Twitter was set to earn less than $3 billion in 2023, down one-third from 2022

    Twitter is thought to have around 200 million regular users but it has suffered repeated technical failures since Musk bought the platform

  • Tesla rolls out its first electric pickup, the Cybertruck

    The company had promised in April that it would be rolling out the first Cybertrucks before the end of the...

    In May, Musk said the company hoped to build 250,000 of the trucks a year - a number he said could eventually double, given a relatively accessible price tag

    Tesla will be making three models of the Cybertruck, a vehicle that can accelerate from zero to 60 miles per hour (100 kilometers per hour) in less than three seconds

  • Modi’s visit: India, UAE sign pact to trade in local currencies

    Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) and the Reserve Bank of India (RBI) on Saturday...

    CBUAE and RBI aim to develop the foreign exchange market, facilitate bilateral trade, encourage direct investment, and facilitate financial transfers

    The pact enables acceptance of local cards in both countries for ATM cash withdrawals and direct point-of-sale purchases without relying on external payment networks

  • Rise in foreign sukuk offset by local currency decline

    Saudi Arabia's reduced banking liquidity and lower oil prices have led to a decline in local currency sukuk, but a...

    Saudi Arabia's reduced banking liquidity and lower oil prices have led to a decline in local currency sukuk, but a surge in foreign currency issuances, says a report

    A new report by S&P Global Ratings indicates mixed activity levels, suggesting the need for harmonization of Sharia standards to attract non-core jurisdictions

  • CBD H1 2023 net profit $133m

    Profit is a 41.5 percent jump compared to H1 2022.

    This remarkable growth in net profit is attributed to outstanding revenue contribution across net interest and other operating income.

    The economic outlook for the UAE and business confidence continue to be encouraging, powered by buoyant domestic activity.

  • Ukraine grain deal failed to achieve objective, says Putin

    Russian President Vladimir Putin said the main objective of the deal that allowed Ukrainian grain exports to resume was not...

    A memorandum on unhindered Russian food and fertilizer exports had been signed in parallel to the grain deal.

    "The main goal of the deal, namely the supply of grain to countries in need, including on the African continent, has not been implemented," Putin said.

  • ADNOC in talks with OMV

    Talk merger of shareholdings in Borouge, Borealis.

    Borouge is listed on the ADX with 54 percent owned by ADNOC.

    Borealis is owned 75 percent by OMV with ADNOC holding 25 percent.

  • 60 percent of Jordan’s consumption contains plastic, rubber, says JCI

    AMMAN, JORDAN - Plastic and rubber products cover 59.7 percent of the Kingdom's domestic consumption, a report by the Jordan...

    The report indicated that plastic and rubber products are well-established industries in Jordan.

    According to the report, the sector has 641 establishments geographically spread across the Kingdom.

  • ADX grew 20 percent in 2022, says CBUAE

    ABU DHABI, UAE - The Central Bank of the UAE (CBUAE)’s Financial Stability Report for 2022 said the FTSE ADX...

    The Abu Dhabi Securities Exchange (ADX) trading value increased by 21.9 percent to AED 451 billion ($122.78bn)

    Foreign investment in ADX increased, with total net foreign investments recording an inflow of AED 24 billion ($6.53bn) in 2022