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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.
  • Aramco, Rijal Almaa cooperative to develop region’s beekeeping sector

    Dhahran, Saudi Arabia -- Saudi Aramco and the Beekeepers Cooperative Society in Rijal Almaa Governorate in Asir Region have signed...

    Through this initiative, the Beekeepers Association aims to produce approximately 10,000 queen bees and 4,000 breeding parcels for local bees without the use of external bees.

    The MoU also includes plans to improve the quality of beekeepers' products by introducing advanced equipment and quality testing training according to the highest standards.

  • Middle East airlines set to hire 78,000 cabin crew, 28,000 pilots by 2032

    Dubai, UAE - The Middle East region is expected to experience a demand for 78,000 cabin crew members, 28,000 commercial...

    The global aviation sector will need1.3 million professionals in various roles within the next ten years

    Although the aviation industry has been impacted by the COVID-19 pandemic, the report remains optimistic about the ongoing recovery process

  • Extended reality: XR tech transforms GCC businesses

    XR technologies -- encompassing AR, VR, and MR -- are rapidly gaining traction across diverse sectors in the Gulf region,...

    XR technologies -- encompassing AR, VR, and MR -- are rapidly gaining traction across diverse sectors in the Gulf region, including academic, entertainment, and gaming

    The new XR technologies are also reshaping retail and remote work, blurring the lines between the virtual and physical realms, says Raed Mikail, Founder and CEO of AVR Labs

  • UAE crypto registration cost highest in GCC

    The factors that influence the cost of registration include the type of business, the location of the business, and the...

    In addition to the registration fee, there are other costs associated with starting a cryptocurrency business, such as legal fees, accounting fees, and marketing fees.

    In the free zones of the UAE, the crypto registration cost is much lower than those areas under VARA.

  • Germany gears up for continued recession after years of bloom

    BERLIN, GERMANY - On his many visits to semiconductor factories and electric car plants, Germany's Chancellor Olaf Scholz bangs the drum...

    Having dipped into recession at the beginning of the year, Germany looks set to finish the year in the red - and at the back of the pack among its eurozone competitors.

    The government is the only one left still predicting GDP will grow this year, while the main economic institutes and the IMF are looking at a drop of 0.2 to 0.4 percent.

  • Qatar and Tajikistan chambers to form joint business council

    Doha, Qatar - Qatar Chamber and Tajikistan Chamber of Commerce and Industry signed Sunday an agreement to establish a Joint...

    The Joint Business Council aims to facilitate communication between the two parties to increase trade and economic cooperation between the two countries.

    It includes communication mechanisms between business owners in the two countries, and exchanging information on trade and economic cooperation.

  • India’s Modi, Egypt’s Sisi pledge to deepen strategic partnership

    Indian Prime Minister Narendra Modi met Egypt's President Abdel Fattah al-Sisi in Cairo on a rare visit during which both...

    New Delhi and Cairo have pledged to boost bilateral trade as India is also stepping up investment in Egypt, particularly in renewable energy.

    India is already Egypt's seventh-largest trading partner, according to data from Cairo's central bank, with trade reaching $7 billion last year.

  • 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.

  • AD Ports Group, Premier Marine set up a JV SAFEEN Drydocks

    ABU DHABI, UAE -  AD Ports Group, a leading facilitator of global trade, logistics, and industry, and Premier Marine Engineering...

    AD Ports Group will own 51 percent of the joint venture and the remaining 49 percent by Premier Marine.

    The new enterprise will offer a broad range of vital services including drydocking, afloat repairs, ship building and refurbishment.