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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.
  • AD Ports Group and Transmar launch new Pakistan Service

    The new container shipping service links Karachi with the region’s major ports within UAE, KSA, Egypt, Jordan, Sudan and Djibouti.

    The new container shipping service links Karachi with the region’s major ports within UAE, KSA, Egypt, Jordan, Sudan and Djibouti

    The new route will contribute to AD Ports Group’s strategic objectives of increasing regional and global connectivity

  • Riyadh, Dubai, Kuwait lead MENA in supporting startups as region sees drop in investment levels

    Riyadh has surpassed all other MENA cities in terms of startup activities with higher literacy rate, faster average broadband speed,...

    Riyadh has surpassed all other MENA cities in terms of startup activities with higher literacy rate, faster average broadband speed, a latest report points out

    Startups in MENA had raised $173 million across 51 deals until September end, marking a 54 per cent month-on month-drop in investment value

  • FIFA says 2.95 million World Cup tickets sold

    Queues have built up outside the FIFA ticket centre in Doha and fans report long waits to get onto the...

    Qatar has already overtaken Russia 2018, when just over 2.4 million tickets were sold

    The start of the World Cup has led to a surge of interest in the 64 matches over 29 days

  • Abu Dhabi launches smart manufacturing index

    ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has launched the 'Abu Dhabi Smart Manufacturing Index',...

    The Index empowers manufacturers with the necessary knowledge and training to initiate an Industry 4.0 transformation journey.

    It breaks down sophisticated concepts into six building blocks to provide a clear and easy-to-follow roadmap.

  • Saudi firm partners with Trump Organization in $4 bn Oman project

    Riyadh, Saudi Arabia - A Saudi real estate firm has partnered with the Trump Organization on a $4 billion golf...

    The deal involves the Dar Al Arkan Global Company, a subsidiary of Dar Al Arkan Real Estate Development Company.

    Washington and Riyadh are currently at odds over the OPEC+ oil cartel's decision last month to cut its production.

  • Mawani announces new freight service at King Abdulaziz Port

    Riyadh, Saudi Arabia---Saudi Arabia’s General Authority for Ports (Mawani) Sunday announced a new freight service, at the King Abdulaziz Port...

    The service connects King Abdulaziz Port with six major regional and international ports.

    This coincides with the launch of the added EJBS service from the Emirates Shipping line.

  • Sales of Al Rahmaniyah Commercial Lands begins

    SHARJAH, UAE - ASAS Real Estate Company, the real estate arm of Sharjah Islamic Bank (SIB), announced the launch of...

    The project follows increasing demand for the company's latest real estate projects.

    The project benefits from close proximity to Emirates Road, Sharjah Airport and Sharjah University City.

  • UAE sets 31 Dec. deadline for availing redetermination of tax penalties

    Abu Dhabi, UAE---The Federal Tax Authority (FTA) has called on registered taxpayers to benefit from the decision to re-determine administrative...

    Taxpayers asked to ensure they meet the conditions set out in the Cabinet Decision on re-determining administrative penalties imposed on tax law violations in the UAE.

    Eligible taxpayers must complete all related procedures through the e-services portal on its official website before 31 December 2022 to be able to benefit from these facilities.

  • Musk reinstates Trump’s Twitter account after poll

    Trump, who had more than 88 million users when his accounted was suspended, reveled in using Twitter as a mouthpiece...

    Trump's account was banned from the platform early last year for his role in the January 6 attack on US Capitol by a mob of his supporters

    Musk's poll asked for a simple "yes" or "no" response to the statement "Reinstate former President Trump," which the billionaire Twitter boss posted Friday

  • Adaptability now top priority for hiring in GCC

    Post Covid, professionals are reviewing and updating their skills to stay competitive in the job market where remote work ha...

    Post Covid, professionals are reviewing and updating their skills to stay competitive in the job market where remote work ha becoming increasingly popular, says a report

    Companies in the region are also re-evaluating their approach to attract top personnel as the need for more flexible schedules have increased in the market