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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.

  • Iraq awaits Turkey’s response to resume Kurdish oil exports

    The Kurdish regional government had for years earned billions of dollars in revenues exporting crude oil to Turkey without the...

    Iraq's Oil Minister Hayan Abdel Ghani had on Thursday said that crude exports from the Kurdish region through the Turkish port of Ceyhan would resume Saturday.

    But on Friday the Kurdish natural resources minister, Kamal Mohamed, told a Kurdish television channel that the resumption of exports was still awaiting approval from Ankara.

  • Tabreed Q1 net profit $64.37m

    Tabreed's total connected capacity rose to 1.276 million RT.

    Its revenue increased by 10 percent year-on-year to AED464 million from AED420 million in Q1 2022.

    The company's profit from operation increased by 12 percent to AED172 million compared to AED154 million in Q1 2022.

  • UAE tops the world in 5 labor market competitiveness indices

    DUBAI, UAE -  The UAE has topped several global labor market indices issued by international entities and institutions in a...

    These indices include lack of labor disputes, low cost of severance compensation for workers, and working hours.

    The UAE also stood out for the low cost of severance compensation in the Global Innovation Index 2022.

  • Europe charges up car battery drive with new plants in Germany, France

    The continent has been racing to produce more electric vehicles as part of its green transition, with the clock ticking...

    Sweden's Northvolt will build a multi-billion-euro plant in northern Germany, which will supply around one million electric vehicles with batteries a year.

    In France meanwhile, Taiwanese battery maker ProLogium announced it will invest 5.2 billion euros ($5.7 billion) in building a new factory in Dunkirk.

  • Dubai records $2.55 billion in weeklong real estate transactions

    Dubai, UAE -- A total of 3,112 real estate and property transactions, valued at AED 9.4 billion ($2.55 billion), were...

    The DLD weekly real estate report noted that 170 plots were sold for AED 1.89 billion, while 2,261 apartments and villas were sold for AED 5.34 billion.

    The top three transactions were a land in Al Safouh Second, sold for AED300 million, followed by a land in Saih Shuaib 4.

  • Allianz Q1 posts net profit $2.2bn

    Firm said the profit was driven by higher prices for policies.

    The unit's strong performance helped offset lower revenues at its life and health division and its asset management arm.

    Allianz confirmed that full-year operating profits remained stable at US$15.4 billion, "plus or minus US$1.08 billion".

  • Toshiba profit down 35%

    Operating profit dropped 30.4% to 110.55 billion yen.

    For the year that ended March, the engineering giant booked a 126.57 billion yen ($940 million) net profit, down 35 percent on-year, on sales of 3.36 trillion yen, up 0.7%

    For the current financial year to March 2024, it forecasts a 110 billion yen operating profit, down 0.5 percent from the previous year, on sales of 3.2 trillion yen, down 4.8%

  • Emaar Properties logs 43% growth

    The firm recorded a net profit of $873 million.

    Emaar recorded an EBITDA and net profit for the first quarter of 2023 of $1.1 billion and $873 million respectively

    The group's property sales reached AED 9.2 billion (US$ 2.5 billion), an 11 percent increase compared to Q1 2022

  • Twitter has new boss, says Elon Musk, to take over in six weeks

    If Musk follows through on the announcement, he will be belatedly fulfilling the promise he made to honor the results...

    Twitter users in December voted to oust owner Musk as CEO in an unscientific poll he organized and promised to honor, just weeks after he took charge of the Twitter

    NBCUniversal head of global advertising and partnerships, Linda Yaccarino, was a potential candidate for the Twitter chief job, according to a Wall Street Journal report

  • Masdar, IRENA ink pact on tripling global renewable energy capacity by 2030

    ABU DHABI, UAE - Masdar has signed an agreement with the International Renewable Energy Agency (IRENA) to cooperate on a...

    The main objective of the project is to establish a global baseline for renewable energy.

    The project will also highlight the challenges faced by different regions in meeting their renewable energy ambitions.