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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.

  • Saudi Arabia issues permits for projects worth US$1.1bn

    Riyadh, Saudi Arabia—Saudi Arabia has issued permits for non-oil industrial projects worth $1.1 billion in August. The licenses issued in...

    The licenses issued in August were for chemicals, metals, machinery, furniture, home appliances and other light-medium products

    While 85 percent of the projects issued with permits were owned by locals, the remaining 15 percent were owned by foreigners or as joint ventures

  • Emirates Steel Arkan Q3 net profit $28m

    The net profit for the first nine months of 2022 was $104m.

    Revenues for the first nine months of 2022 rose to AED7.12 billion, while the revenues rose 29 percent to AED2.51 billion in the third quarter.

    The Group's Q3 2022 EBITDA gained 224 percent year-on-year (YoY) to AED269 million. The Group reported EBITDA of AED863 million. 

  • BP underlying Q3 profit at $8.2bn

    BP, flush with cash, revealed a $2.5 billion share buyback.

    Profits were weaker than the second quarter due to a dip in oil prices.

    BP is meanwhile seeking to pivot towards cleaner energy and away from fossil fuels.

  • Saudi Aramco, IBM partner to establish Innovation Hub in Kingdom

    The partnership will support tech-driven economic growth in the Kingdom by promoting cutting-edge emerging technologies.

    The partnership will support tech-driven economic growth in the Kingdom by promoting cutting-edge emerging technologies

    New York-based IBM has worked with the energy industry since 1947, when the first computer was installed in Aramco

  • du revenues vault 10.5%

    It posted $863.17m in revenues for the first nine months of 2022.

    Mobile service revenues continued their recovery increasing by 10.7% to $393 million while equipment sales generated revenues of $48 million

    Fixed services revenues soared 22.2% to $243 million, buoyed by the continued strong performance of the consumer segment

  • Aramco posts 39% rise in profits

    The third quarters profits were boosted by higher oil prices.

    Its net income totalled $42.4 billion, up from $30.4 billion during the same period last year

    The company's CEO Amin Nasser touted the firm's "strong earnings and record free cash flow" of $45 billion, up from $28.7 billion at this time last year

  • Toyota leaves net profit forecast unchanged despite production woes

    Tokyo, Japan— Toyota kept its annual net profit forecast unchanged on Tuesday, as the weaker yen offsets supply-chain disruptions that have...

    The automaker said it now expects to sell half a million fewer vehicles in the current financial year because of the global chip shortage and other problems

    The country's exporters have reaped the benefits of a cheaper yen, which has lost more than 20 percent of its value against the dollar this year

  • UN says Afghanistan poppy cultivation surges as prices rise

    More than a year after it took power, Taliban has failed to curb opium poppy cultivation in the country as...

    According to the Vienna-based UNODC, the 2022 poppy crop was also "the most profitable in years"

    The income made by farmers from opium sales more than tripled from $425 million in 2021 to $1.4 billion in 2022, the report said

  • Egypt’s Sovereign Fund accumulates assets worth $621m

    Riyadh, Saudi Arabia— Egypt's Sovereign Fund has accumulated assets worth $621-660 million as it seeks to double it by the...

    The CEO of the fund said that the issued capital of the fund has been fully covered at $5 billion

    The army-owned companies Safi and Wataniya would not be seeking stock exchange listings this year, according to the CEO

  • UAE, China eye $200bn bilateral trade by 2030

    The UAE is China’s most important trade partner in the Arab world and responsible for 28 per cent of total...

    It re-exports more than 60 percent of Chinese exports to the region, where the value of trade exchange between the two countries has exceeded $70 billion.

    Ali Obaid Al Dhaheri, UAE Ambassador to China, said early this month that UAE and China ties were a "successful model" for international bilateral relations.