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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.
  • Guyana sells $750 mn of carbon credit to US oil firm Hess

    Guyana, with 800,000 inhabitants, is already the country with the most reserves per capita in the world -- over 10...

    Hess is one of three partners, along with the China National Offshore Oil Corporation and ExxonMobil, operating in Stabroek oil field off Guyana that is 89 percent virgin forest.

    President Irfaan Ali said Guyana has 18m hectares of the country's forest still intact and that it is storing 19.5 gigatons of carbon, worth an estimated $40-$50bn a year.

  • Ukraine welcomes Russian oil price cap agreed by EU, G7

    Ukraine welcomed a US$60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy"...

    Poland had refused to back the price cap plan over concerns the ceiling was too high.

    The embargo will prevent shipments of Russian crude by tanker vessel to the EU, which account for two thirds of imports.

  • US unveils high-tech B-21 stealth bomber

    PALMDALE, UNITED STATES - The United States on Friday unveiled the B-21 Raider, a high-tech stealth bomber that can carry...

    Many specifics of the aircraft are being kept under wraps.

    The plane will offer significant advances over existing bombers in the US fleet.

  • VOX Cinemas unveils debut slate of original Arabic films

    Diverse line-up of movies features local stories from new and established storytellers from Saudi Arabia, Egypt, Lebanon and UAE.

    Diverse line-up of movies features local stories from new and established storytellers from Saudi Arabia, Egypt, Lebanon and UAE

    VOX Cinemas will join forces with Sirb Productions, sister company of Myrkott Animation Studio, to produce a Saudi comedy

  • UAE equities recover losses as Saudi index shed gains

    Propelled by First Abu Dhabi Bank, the Abu Dhabi index shot up 1.5 percent, reversing losses of three consecutive days...

    The banking and energy sectors ultimately weighed on the main index in Saudi Arabia, which caused it to give up its gains

    The share price of First Abu Dhabi Bank fell by 3.9 percent on Monday, contributing to a 1.2 percent reduction in the main index of the Abu Dhabi market overall

  • US says solar firms evading tariffs on China-made goods

    Washington, United States—The US Commerce Department on Friday accused several solar companies of evading American tariffs on imports of China-made components,...

    The US Commerce Department has been investigating claims that certain manufacturers of solar cells and modules went around antidumping and countervailing duties on China

    The department will conduct audits, and involved parties will be able to comment on the findings

  • Envoy eyes more cooperation, $6.32bn bilateral trade this year as UAE-Belgium ties mark 51st anniversary

    Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian...

    Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian ambassador to the UAE Antoine Delcourt tells TRENDS

    More than 100 Belgian companies are operating in the UAE. People-to-people contacts are flourishing also in arts, culture and sports, says the Belgian ambassador

  • SABIC signs pact with Aramco, PKN ORLEN

    They will study feasibility of Polish petrochemical sector investment.

    The agreement laid the first cornerstones towards a potential partnership with Aramco and PKN ORLEN in petrochemical production, said SABIC acting CEO.

    In August, Aramco and SABIC Agro-Nutrients Company obtained the world's first independent certifications recognizing the production of blue hydrogen and blue ammonia.

  • Energy crisis driving climate-friendly power savings, says IEA

    PARIS, FRANCE - Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential"...

    Governments have scaled up fossil fuel subsidies to cushion the impact of rising energy costs on households in the wake of the Ukraine conflict.

    According to the IEA research, governments, industry and households invested a record $560 billion this year in energy efficiency measures.

  • Supporting India’s G20 presidency is a priority for UAE, says Minister

    The UAE's Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan has said that the Gulf...

    The UAE will work towards a world where human progress is an inalienable right for all.

    The UAE views the G20 as a forum that plays a critical role in multilateral efforts.