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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.

  • Arab Broadcasting Festival set to begin in Riyadh, in November

    Riyadh, Saudi Arabia—The stage is set for the Arab Broadcasting Festival to begin next month in Riyadh as preparations have...

    President of the Arab States Broadcasting Union (ASBU) and CEO of Saudi Broadcasting Authority, Mohammad bin Fahd Al-Harithi, announced the completion of the ongoing preparations

    Al-Harthi explained that the hosting comes from the authority’s role in the Kingdom’s Vision 2030, which aims to develop the production industry

  • Gulf indices ease as China COVID curbs hit oil prices

    Stock markets across the GCC remained less enthusiastic as oil, which fuels the region's growth, declined amidst fresh coronavirus scare.

    Gulf stock exchanges declined during the last two trading days.

    The Dubai Financial Market fell 49 points for this week as a whole, or 1.4 percent, compared to last week,

  • Octopus Energy acquires Bulb

    Firm said it was paying the government a nine-digit sum.

    Bulb, Britain's seventh-biggest supplier, collapsed in 2021 due to soaring wholesale prices

    The government will give financial support to buy energy for Bulb customers over this winter.

  • Jordan to host renewable energy investment forum

    AMMAN, JORDAN - Amman is scheduled to host the Seventh International Investment Forum for Renewable Energy and Energy Efficiency in...

    The forum will discuss over three days many important and vital issues on various fields of renewable energy, energy efficiency, green hydrogen.

    The forum's themes will also cover innovative agricultural patterns, energy management, carbon trading.

  • Jordan cabinet reshuffle aims at modernization plans

    Jordan's cabinet reshuffle is a mandate for the government to work within the Kingdom's three modernization tracks, launched at the...

    The plans include political, economic and public sector modernization.

    The new tasks for the government are streamlining performance, improving public service, attracting investment and economic development.

  • Stc posts US$2.5bn profit in Q3

    It said profit was driven by multi-sector investments.

    The telecom company's revenues hit $13.33 billion during the nine-month period, up from $12.53 billion last year, which was offset by lower cost of revenue

    During the third quarter, stc’s profits jumped 21 percent to reach $933 million

  • Abu Dhabi Airports revamp its brand identity

    The makeover is geared to provide connectivity and hospitality that showcases the emirate as a prime travel destination.

    The makeover is geared to provide connectivity and hospitality that showcases the emirate as a prime travel destination

    It also aims at ensuring safe, secure and sustainable airport environments and operations

  • Musk seeks to soothe critics with Twitter content panel

    The deal drew contrasting reactions, with former US president Donald Trump cheering the change of leadership on a platform that...

    Musk's first policy act was to tweet that he will form a "content moderation council" embracing "widely diverse viewpoints."

    "No major content decisions or account reinstatements will happen before that council convenes," he said

  • Alpha Dhabi posts US$2.45bn net profit

    It recorded a150% rise in profit in first nine months of 2022.

    Revenues also grew significantly standing at $7 billion, representing a year-on-year increase of 133 percent with strong contributions from the existing portfolio in the healthcare

    The Group remains well-funded with a strong cash position of $4. 62 billion

  • Masdar to partake in Saudi renewable energy market

    Masdar will also participate with partners in the upcoming Round 4 tender announced by the Saudi Power Procurement Co.

    Masdar will also participate with partners in the upcoming Round 4 tender announced by the Saudi Power Procurement Co.

    Saudi Arabia plans to generate 50 percent of its electricity from clean sources by the end of this decade, targeting 58.7 GW from renewable sources