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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.
  • Abu Dhabi delegation in Israel explores business opportunities

    ABU DHABI, UAE -  A delegation of 10 Abu Dhabi entities visited Israel from  February 12-16 to discuss business cooperation...

    The Abu Dhabi delegation participated in the 2023 OurCrowd Global Investor Summit in Israel.

    The delegation hosted the Abu Dhabi Pavilion showcasing business and investment opportunities in the emirate.

  • DEWA CEO discusses bilateral cooperation with Emerson

    DUBAI,  UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA)  Saeed Mohammed Al Tayer received a high-level...

    DEWA, Emerson discussed advancing sustainability and consolidating foundations for environmental, social, and corporate governance.

    Clean energy makes about 14 percent of the total energy production capacity in Dubai.

  • ChatGPT sets off AI ‘gold rush’ in Silicon Valley

    Artificial intelligence (AI) has been increasingly present in everyday life for decades, but the November launch of the conversational robot...

    OpenAI, the ChatGPT creator, is valued by Microsoft at nearly $30 billion despite still burning through money at a high speed, Wayne Hu, a partner at SignalFire, said

    Generative AI, of which ChatGPT is an example, wades through oceans of data to conjure up original content - an image, a poem, a thousand-word essay - in seconds

  • GCC gas stations expand as global oil demand surges

    The annual expansion of more than 100 fuel stations in the Gulf countries add around US$500,000 per day to companies'...

    The annual expansion of more than 100 fuel stations in the Gulf countries add around US$500,000 per day to companies' revenues in each country in the region, say experts

    Major Gulf gas station firms-- including Saudi Aramco, the UAE's ADNOC, Qatar's Woqod, and Oman's Omco -- have announced new expansion plans for the coming years

  • Qatari businessman mulls taking over Man Utd

    London, United Kingdom - A consortium led by a Qatari banker announced it had submitted an offer to take full control...

    Sheikh Jassim Bin Hamad Al Thani "confirmed his submission of a bid for 100 percent of Manchester United Football Club"

    The statement from Sheikh Jassim, chairman of Qatar Islamic Bank (QIB), did not give any details on the amount proposed in the bid for United

  • Tunisian trade union protest against plunging economy

    SFAX, TUNISIA - Thousands of Tunisian trade unionists held protests across the country on Saturday over worsening economic woes and the...

    The North African country is in drawn-out talks with the International Monetary Fund for a bailout loan

    Demonstrators in Sfax, where the largest protest took place on Saturday, chanted "Tunisia is not for sale!"

  • UAE, India mark first anniversary of signing CEPA with series of events

    DUBAI, UAE -  Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi has marked the first anniversary...

    The Federation of Indian Chambers of Commerce and Industry is on a four-day visit to the UAE to mark the signing of CEPA.

    The FICCI delegation comprises over 100 exporters, start-ups and business owners.

  • Saudi Steel Pipe’s profit up

    Its profit shot up more than 5,000% to $14.45m in 2022.

    Earnings per share also advanced to SR1.07 in 2022 from SR0.02 in 2021

    Gross profit rose to $29 million in 2022 from $7.28 million a year earlier because of better sales volume, improved efficiency and a mix of products sold

  • Oman Qatar Insurance merges with Vision Insurance

    The merger was settled with Vision Insurance Company’s existing shareholders by Oman Qatar Insurance Company.

    The merger was settled with Vision Insurance Company’s existing shareholders by Oman Qatar Insurance Company

    After the mergercertificate by Qatar Ministry of Commerce, Vision Insurance Company was delisted from Muscat Stock Exchange

  • EDGE buys 70% stake in GRADEONE

    It will focus on the development of defense trading.

    The announcement has comes ahead of the International Defence Exhibition (IDEX) to be held at the Abu Dhabi Exhibition Centre (ADNEC)

    GRADEONE specialises in providing various solutions to the military and defence sectors, including army, special forces, navy, air force, law enforcement, and search and rescue