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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.

  • NBF Q1 net profit up 151 percent

    The bank's operating profit rose by 35.7 percent compared with Q1 2022.

    Operating income reached AED 554.1 million, up 34.2 percent compared to AED 412.8 million in the corresponding period of 2022.

    Loans and advances and Islamic financing receivables rose by 2.3 percent to reach AED 27.5 billion compared to AED 26.9 billion at 2022 year-end.

  • Boeing Q1 loss $425m

    Boeing's loss in the first quarter of 2022 was $1.2 billion.

    Boeing affirmed its full-year outlook for operating cash flow, a key metric, and for 737 plane deliveries in 2023.

    Boeing's revenues came in at $17.9 billion, up 28 percent from Q1 2022 and topping analyst expectations.

  • One in five cars sold this year will be an electric vehicle: IEA

    The International Energy Agency (IEA) said the rapid electrification of road transportation will have big implications for the energy industry as...

    In its annual report on electric vehicles, the IEA said it expects annual sales to rise 35 percent this year to reach 14 million.

    The IEA said the overwhelming majority of electric car sales are concentrated in three markets: China, Europe and the United States.

  • Britain blocks $69-billion Activision takeover bid by Microsoft

    The UK's Competition and Markets Authority prevented the deal "over concerns... (it) would alter the future of the fast-growing cloud...

    Microsoft said it would appeal the verdict over its vast takeover, which has yet to win regulatory approvals in Europe or the US.

    The Xbox-owner launched in 2022 its bid to create the world's third biggest gaming company by revenue with the takeover of Activision.

  • Xlinks secures $37m funding

    The funds will be used in laying subsea cables between UK and Morocco.

    It is one of several first-of-a-kind long-distance renewable energy generation and cross-border export project being planned globally.

    It had secured 25 million pounds of investment from Abu Dhabi National Energy Company (TAQA) and 5 million pounds from Octopus Energy Group.

  • GSK Q1 profit dips

    Revenue dropped more than three percent to $8.74 billion.

    Profit after tax fell to £1.5 billion ($1.9 billion) compared with the first three months of 2022.

    GSK is seeking to concentrate on development of new drugs after overseeing the split of Haleon.

  • Amanat acquires stake in Sukoon

    Amanat will own 85 percent of the post-merger entity.

    The merger creates the largest pan-GCC post-acute care provider with 400 operational beds and an additional 300 bed expansion underway.

    Following completion adjustments, Amanat Holdings will own 85 percent of the post-merger entity.

  • DEWA, Xanadu partner to develop ‘efficient, reliable’ energy systems

    Dubai, UAE— Dubai Electricity and Water Authority (DEWA) and Xanadu, a Canadian quantum computing company, are considering strategic cooperation in...

    The meeting between DEWA’s CEO and Xanadu’s CEO discussed the latest developments in quantum computing technology and its impact on the energy sector

    Al Tayer noted the importance of the technology in addressing the world’s biggest challenges like climate change and energy sustainability

  • Saudi Arabia partners with South Korean firm to boost its gaming industry

    Riyadh, Saudi Arabia— Saudi Arabia has signed a memorandum of understanding (MoU) with Wemade, a South Korean firm, to boost...

    The agreement with Wemade, the South Korean firm, is expected to boost the kingdom’s chances to be among the top leaders in the industry

    Savvy Games, a firm owned by the Public Investment Fund, bought out Scopely, the US-based gaming company, for $4.9 billion in April

  • Google, Microsoft rake in large Q1 profits amid escalating AI rivalry

    Google found itself under pressure due to a general slowdown in advertising spending, over-hiring during a Covid-era boom and a...

    Google's quarterly revenue came in at nearly $70 billion, better than expected by analysts, and in the same three-month period that the company said it would lay off 12,000 staff

    Microsft reported profit of $18.3 billion on revenue of $52.9 billion as Cloud and AI more than offset drops in revenue from licensing Windows software to computer makers