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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.
  • Jordan, Iraq to boost trade through Karama border crossing

    Amman, Jordan-- Jordan and Iraq have discussed ways to boost bilateral cooperation in order to develop trade through Karama border...

    The agreement to boost trade exchange came in a meeting between Jordanian and Iraqi ministers in Baghdad, in which other sensitive border issues were discussed too

    The Jordanian minister said the kingdom was constantly focusing on expanding joint cooperation in various fields, particularly in security and economic domains

  • Mubadala continues to advance UAE’s knowledge economy: Sheikh Mansour

    Abu Dhabi, UAE-- Mubadala will continue to advance the UAE's knowledge-based economy in a way that contributes to solutions for...

    Sheikh Mansour noted that the year 2022 marked twenty years since the Abu Dhabi government set up Mubadala to advance a national agenda focused on knowledge creation and innovation

    He said Mubadala's philosphy, agility and long-term investment approach have created a vast array of opportunities for Emiratis that did not exist two decades ago

  • Sharjah Chamber to send India bound trade group on 29 May

    SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) announced it will be sending a trade mission to...

    The initiative aims to bolster economic and trade cooperation, foster mutual investment, and establish promising partnerships between Sharjah and India.

    The upcoming trade mission is expected to support the chamber's strategic goals of driving foreign expansion and exploring new markets.

  • Capable of safeguarding Gulf waters in coordination with neighbors: Iran

    Iran said it is capable of ensuring the safety of the vital Gulf waters in cooperation with neighboring countries. Iran...

    The Gulf waters, which carry at least a third of the world's seaborne oil, have witnessed a spate of incidents since 2018.

    Recently the commander of the US Navy's Fifth Fleet transited through the Strait of Hormuz in a guided-missile destroyer.

  • Art Dubai 2023 generates US$39m in economic impact, says new study

    DUBAI, UAE -  Art Dubai, the leading international art fair for the Middle East and Global South, on Sunday announced...

    The study showed that Art Dubai 2023 attracted a staggering 23,500 hotel nights bookings to Dubai.

    The event had the strongest-ever participation of regional and international institutional representatives.

  • Need for big investments dark cloud over ChatGPT revolution

    Building something even near the scale of what OpenAI, Microsoft or Google have on offer would require billions in investment...

    Generative AI will be even more dependent on cloud computing and tech giants, leaving the same players in the driver's seat.

    Regulators are hoping that they can keep up, and not leave the giants in charge, imposing their terms on smaller companies.

  • Emaar EC Q1 losses $45m

    The losses, however, narrowed from $141m in Q4 2022.

    Argaam reported that the company's gross operating loss increased by SAR 3.3 million from SAR32.2 million in Q1 2022 to SAR 35.5 million the first quarter of this year.

    Total shareholders’ equity, excluding minority interest, fell to SAR 6.48 billion as of March 31, 2023, from SAR 7.61 billion a year earlier.

  • Gulf oil giants turn to start-ups in bid to promote carbon capture

    With little investment and few projects in operation around the world so far, the technology to capture carbon before it...

    Now major players from Aramco to the UAE's ADNOC say that is about to change, as the UAE hosts climate negotiations this year with a message of cutting emissions.

    Aramco has invested in Carbon Clean, a UK-based firm that has developed compact technology that captures carbon from industrial smokestacks.

  • Empower to run DXB’s cooling system

    The airport's cooling systems have a total capacity of 110,000 RTs.

    The cooling capacity is equivalent to 11 times the consumption of Burj Khalifa, the world's tallest tower, valued at AED 1.1 billion.

    Emirates Central Cooling Systems Corporation (Empower) is the world's largest district cooling services provider.

  • Break the cycle of cybercrime, don’t pay ransomware

    Government bodies are now working towards finding solutions to the problem but businesses, beside devising strong backup strategies, need to...

    Ransomware attacks have risen exponentially over the past five years as digital technologies have enabled cybercriminals to extort money effectively and almost untraceably

    Prevention of ransomware requires a combination of people, processes, and technology as businesses, governments, hospitals, and critical infrastructures remain key targets