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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.
  • Tweet sparks Musk fever in EU’s poorest corner

    The Tesla, SpaceX and now Twitter boss -- who is not immune to bouts of online whimsy -- recently commented...

    The whole episode ignited a social media buzz, with memes aplenty showing the billionaire drinking the local rakia alcohol

    More than 40 percent of the region's people live below the poverty line, making it the EU's poorest, according to Eurostat

  • Ma’aden plans to become one of the top ten global aluminium producers

    Key executives from Ma’aden’s aluminum and smelter department participated in the three-day conference Arabal 2022 in Cairo.

    Key executives from Ma’aden’s aluminum and smelter department participated in the three-day conference Arabal 2022 in Cairo

    With over 400 high-level delegates in attendance, Ma’aden had a prominent presence at the event showcasing various products and demos

  • Dubai Islamic Bank lists sukuk

    The bank listed the sustainable sukuk on Nasdaq Dubai.

    The Sukuk is the first-ever sustainable Sukuk from a UAE entity and was issued in line with DIB’s Sustainable Finance Framework

    The bank issued the new Sukuk under its US$ 7.5 billion Sukuk Programme

  • IATA says global passenger demand for air traffic growing

    Geneva, Switzerland— Total global air traffic has shot up 44.6 percent in October as against October 2021, according to the...

    Total traffic in October 2022 (measured in revenue passenger kilometers or RPKs) rose 44.6 percent compared to October 2021

    Domestic traffic for October 2022 slipped 0.8 percent compared to the year-ago period as stringent COVID-related travel restrictions in China dampened global figures

  • Technology, sustainability sectors among the most booming and awarded ones across GCC, says expert

    The three sectors help the regional economies grow and offer better life to people, Takreem founder Ricardo Karam tells TRENDS...

    The three sectors help the regional economies grow and offer better life to people, Takreem founder Ricardo Karam tells TRENDS while discussing various topics, including awards.

    Takreem Awards 2022 focus, support and encourage innovation and humanity in the Gulf region, the Takreem founder adds

  • ADNOC and PETRONAS sign MENA’s first unconventional oil concession

    Abu Dhabi, UAE— The UAE President Sheikh Mohamed and the King of Malaysia Al-Sultan Abdullah have witnessed the signing of...

    The award to Malaysia’s national oil and gas company launches the Middle East’s first unconventional oil concession

    Under the six-year concession agreement, PETRONAS will hold a 100% stake and operatorship to explore for and appraise unconventional oil

  • Saudi club Al-Nassr offers Ronaldo US$210m a season

    The Portuguese football star Cristiano Ronaldo is likely to sign a $210 million a season blockbuster deal with Saudi Arabian...

    One source said the club were in "serious negotiations" with the 37-year-old but an agreement had not yet been reached because of issues with Ronaldo's image rights

    The striker helped his team triumph at Euro 2016 and has won an impressive haul of silverware across a glittering club career with United, Real Madrid and Juventus

  • There’s no set route for startups’ success, it’s a mix of internal and external factors, says expert

    Investors are paying greater attention than ever before to the founders' backgrounds, personalities and achievements, says Arwa Shafi of Saudi...

    Investors are paying greater attention than ever before to the founders' backgrounds, personalities and achievements, says Arwa Shafi of Saudi startup accelerator TAQADAM

    Startups with experienced professionals on the founding team have a higher success rate, Also, founders who start a firm in their area of expertise have better chances of success

  • UAE, UK experts discuss science, tech help in net-zero agenda

    ABU DHABI, UAE - Experts from UK and the UAE participated in a Sci-Tech Virtual Tour of the Emirates science...

    The tour was launched to facilitate business-to-business introductions between stakeholders and investors.

    During the virtual tour, delegates discussed decarbonization, affordability, supply of renewable energy.

  • Saudi Crown Prince considering $500m investment in Credit Suisse

    Credit Suisse itself has previously said it had $500 million committed from an unnamed investor, and its chairman said last...

    Citing unnamed sources familiar with the matter, the US financial newspaper listed several potential investors in the new unit.

    Credit Suisse unveiled a dramatic restructuring plan at the end of October, focused on radically transforming its investment banking unit.