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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.

  • Meeting discusses growth of new economic sectors in UAE

    ABU DHABI, UAE  -  The Economic Integration Committee held its second meeting this year and discussed a range of key...

    The Committee also discussed strengthening of the Anti-Money Laundering/ Combating the Financing of Terrorism ( AML/CFT) efforts.

    The meeting discussed cooperation between the federal and local authorities concerned with the implementation of various economy-related laws.

  • Stock markets give out mixed signals as traders await US debt ceiling vote

    Stock markets wobbled as a deal to hike the US debt ceiling and avoid a painful default goes to a...

    Ultra-conservative Republicans feel House Speaker should have secured far deeper spending cuts in exchange for raising the debt ceiling.

    The left wing of the Democratic Party is equally unhappy that President Joe Biden agreed to any spending limits at all.

  • UAE energy ministry announces Global EV Market transformational project

    DUBAI, UAE -  UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei on Tuesday announced the launch of...

    Under the agreements, the partners will cooperate to create incentives for people to own EVs, facilitate investment in the UAE network of electric vehicles.

    The Global EV Market is in line with the objective of the We The UAE 2031 vision of enhancing the position of the Emirates as a global partner.

  • First Mills IPO price SAR60 per share

    This implies a market capitalization of $888 million.

    The total offering size is SAR 999 million ($266 million). SNB Capital is the lead manager, financial advisor, book-runner and underwriter on the potential offering.

    A total of 1.67 million shares, representing 10 percent of the total offer shares, will be allocated to retail investors. The retail offering will run from June 6 to June 7.

  • Dubai events generated $3.53 bn economic output in 2022

    Dubai, UAE - The total economic output generated by 63 large-scale events hosted at Dubai World Trade Centre (DWTC) reached...

    A substantial $2.01 billion (AED 7.4 billion) was retained within the local economy, showcasing the venue's strong contribution to Dubai's GDP

    The events organized at DWTC attracted nearly 1.2 million attendees, with 40 percent of them coming from international locations

  • Dubai records 27 million taxi rides taken in first quarter of 2023

    Dubai, UAE-- Some 27 million taxi rides were undertaken in Dubai in the first three months of 2023, up one...

    According to RTA, the high amount of taxi journeys in the first quarter of the year is the highest since 2019, before the outbreak of the Covid-19 pandemic

    The authority said the review of figures suggest that the economy of Dubai is thriving, cementing its standing as a prominent global hub for investment and tourism

  • Dana Gas to hike its foreign ownership limit to 100 percent

    Sharjah, UAE--With an aim to bolster the country's capital markets, the Sharjah-based company Dana Gas has revealed that it will...

    Listed on the Abu Dhabi Securities Exchange, the firm said that it had secured the approval of the regulatory authorities ro raise the percentage of ownership from 49% to 100%

    The company's chairman said the decision will bolster the UAE's vision of strengthening its dynamic capital markets by attracting greater numbers of international investors

  • Meeza to offer 50% shares in IPO

    The company will follow it up with a listing on QSE.

    Meeza, in a statement, said that it will offer 50 percent of the shares, 324.49 million, at an offer price of QR 2.17 per offer share

    Before the offering, it doled out 37.41% of the offer shares to a set of qualified investors according to the book building mechanism

  • DP World partners with Standard Bank to expand trade finance in Africa

    Dubai, UAE-- In order to fulfill demand for working capital in Africa, DP World has partnered with Standard Bank, the...

    Companies across the continent can now borrow working capital from Standard Bank through the DP World Trade Finance platform

    The group chairman of DP World said Africa is a key market for the company and the partnership will strengthen development in Africa

  • Holiday homes in Dubai to get ‘QR Code’ to improve transparency

    Dubai, UAE - Dubai on Monday launched a new QR Code initiative for holiday homes, as part of efforts to...

    As part of the initiative, owners of Holiday Homes will now be required to display a QR code on the main entrances of their vacation properties in Dubai

    This code enables visitors and guests to conveniently scan it and access essential information about the operator of the Holiday Home