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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.

  • UAB net profit up 80% in Q1

    The bank said its total operating income grew by 5% in Q1.

    Provision charges have reduced by 91% in Q1 compared to Q1 2022 as the "bank improved its portfolio underwriting in higher quality assets and achieved higher recoveries".

    Its capital base increased by $150 million through the issuance of AT1 capital instrument which has raised the bank’s capital adequacy ratio to 19.3%.

  • Glaxo buys Bellus for US$2bn

    Move after GSK demerged its consumer healthcare unit.

    GSK has agreed to buy Quebec-based biopharmaceutical Bellus Health Inc. for $14.75 per share, the British drugmaker said in a statement.

    Chronic cough is defined as a persistent cough that lasts more than eight weeks and affects an estimated 28 million people worldwide.

  • Ericsson Q1 net profit at $155m  

    Firm announced that it would slash 8,500 jobs worldwide.

    Ericsson said it expects customers "to remain cautious" with investments and continue to adjust their inventories in the second quarter.

    Sales rose 14 percent but were flat when adjusting figures to take currency exchanges and other parameters into account.

  • Agthia to pay $17.7m in dividends

    The company paid a total of $35.56m in dividends for 2022.

    Agthia Group recently reported the Group Net revenue of AED 4.07 billion, up 33 percent YoY, while the net operating income grew 36 percent YoY.

    The Group net profit attributable to shareholders grew 14 percent YoY to AED247 million.

  • UK aviation warns green shift to slow demand growth

    Sustainable Aviation urged the UK government to take "urgent" action to support investment in carbon-cutting innovations, pointing to the provision...

    Publishing an update to its Net Zero Carbon Road Map, industry body said, "the increased cost of decarbonising aviation will inevitably reduce passenger demand"

    The aviation industry produces high levels of both carbon dioxide and non-CO2 emissions that contribute to climate change, according to scientists

  • ADNOC, Japan sign deal to bolster low-carbon hydrogen value chain

    Tokyo, Japan--Abu Dhabi National Oil Company has signed two agreements with Japanese partners to strengthen the low-carbon hydrogen value chain between...

    One of the agreements, with Kawasaki, aims to explore the production, liquefaction, and transportation of hydrogen to key global markets

    The deal comes as countries around the world ramp up efforts to reduce carbon emissions and meet the goals of the Paris climate agreement

  • ACWA Power to build 1,000 megawatt solar power plant in Iraq

    Riyadh, Saudi Arabia--ACWA Power will construct a 1,000 megawatt solar power plant in Iraq, the first clean energy project in...

    The joint venture project, according to Iraqi minister, will be developed in Central Iraq’s Najaf city, around 160 km south of the capital

    In 2021, Iraq signed a contract with PowerChina to build 2,000 MW solar plants in the nation to fulfill its growing demand for electricity

  • Elon Musk lays out plan to create ‘truth-seeking’ AI

    Musk's founding of X.AI artificial intelligence corporation, a rival to OpenAI came several weeks before he joined experts in signing...

    The billionaire boss of Twitter voiced anew his concerns about the danger of AI, saying it has "the potential of civilizational destruction"

    Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to business documents

  • A ‘VUCA’ world demands digital resilience

    As organizations prepare for the next wave of disruption, including responding to cyber-attacks, keeping the enterprise environment secure, and accommodating...

    We surveyed over 2,500 organisations from a variety of vertical markets including financial services, education, government, gaming, utilities, healthcare and retail and eCommerce

    Many enterprise organizations are opting for a hybrid model and adapting their workplace, not only for health reasons but also for efficiency and cost reduction benefits

  • Dubai records $450 million in real estate transactions: DLD

    Dubai, UAE - Dubai's real estate market recorded real estate deals worth AED1.8 billion on Monday, Dubai Land Department said.The...

    The sales included 447 villas and apartments worth AED910.14 million ($247.84m), and 49 land plots worth AED756.08 million ($205.87m).

    The mortgages included 88 villas and apartments worth AED145.7 million ($39.68m) and 19 land plots valued at AED23.35 million ($6.36m).