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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.

  • Centrica 2022 profit US$4bn  

    Firm's profit rose due to gas and crude oil prices spike.

    Britain's government of Prime Minister Rishi Sunak is temporarily subsidizing electricity and gas bills this winter.

    Centrica expanded its stock buyback scheme to hand another $360 million to shareholders.

  • Etihad Airways to run three Abu Dhabi-Lisbon flights a week

    Abu Dhabi, UAE - Etihad Airways is introducing a new direct service between Abu Dhabi and Lisbon, effective from 2nd...

    The airline will be connecting Abu Dhabi to Portugal’s capital city right in time for the summer holidays.

    Etihad Airways will be offering travelers nearly 160 weekly flights to 21 destinations in Europe this summer.

  • Mawani and Bahri launch Europe-Asia cargo service via Jeddah port

    Riyadh, Saudi Arabia -- The Saudi Ports Authority (Mawani) and Saudi shipping giant Bahri have jointly announced the addition of...

    The service will increase Bahri’s shipping network coverage and bolster international supply chains.

    Vessels on the new service will set sail from the ports of Bremerhaven, Antwerp, and Montoir, in Europe, before calling at Jeddah.

  • DMCC reports 17 percent diamond trade growth in 2022

    Dubai, UAE--- Dubai Multi Commodities Centre has reported a 17 percent year-on-year increase in the value of diamond trade in...

    The UAE has witnessed soaring growth over the past three years, with rough diamond trade rising by a total value of 72 percent and polished by 50 percent, DMCC said.

    DMCC reported a 42 percent rise in the polished category and a 7 percent rise in rough.

  • Investopia, Mubadala ink strategic partnership

    DUBAI, UAE -  Investopia, the global investment platform launched by the UAE Government, and Mubadala, the sovereign investor, announced a...

    Mubadala and its portfolio companies will expand their participation across the different activities taking place during Investopia.

    The pact will include the participation of Mubadala’s senior leadership in the program, the firm's engagement in the various activities targeting start-ups.

  • Abu Dhabi Chamber, India’s FICCI explore areas of collaboration

    ABU DHABI, UAE -  The UAE and India share solid relations, said the Abu Dhabi Chamber of Commerce and Industry...

    The Indian delegation was headed by the Assistant Secretary-General of the Federation of Indian Chambers of Commerce & Industry.

    The delegation included representatives of over 30 private companies across a wide range of industries.

  • Company launched to develop world’s largest modern downtown in Riyadh

    Launched by Saudi Crown Prince Mohammad bin Salman, the New Murabba project will offer more than 25 million sqm of...

    The project will offer a unique living, working and entertainment experience within a 15-minute walking radius and will have its own internal transport system.

    Mukaab, a tech landmark, will be one of the largest built structures in the world, standing 400m high, 400m wide, and 400m long.

  • Dubai Airport retains top spot as the region’s busiest

    The DXB achieved the highest growth rate among the top 10 airports in the number of international passengers worldwide, according...

    The DXB achieved the highest growth rate among the top 10 airports in the number of international passengers worldwide, according to OAG Aviation company

    The latest data shows that the number of airports served by the DXB  has increased by 113 percent and has returned to its pre-pandemic levels

  • Milaha’s profit up by 40%

    The company's net profit in 2022 jumped to $278 million.

    The earnings per share (EPS) amounted to QR 0.89 versus EPS QR 0.64 for the same period in 2021

    The board of directors decided to recommend to the general assembly to distribute a 35% cash dividend of the par value of a share, equivalent to QR 0.35 per share

  • Emaar Properties sales boom

    Driven by new projects, its sales in 2022 touch $9.5bn.

    EBITDA and net profit for 2022 increased by 18 percent and 80 percent, respectively, to AED 9.8 billion (US$ 2.7 billion) and AED 6.8 billion (US$ 1.9 billion) compared to 2021

    It reported revenue of AED 24.9 billion (US$ 6.8 billion) in 2022, supported by the continuous strengthening of the Dubai real estate market and growth