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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.

  • Customers feel better with ‘Buy Now, Pay Later’ plans

    Buy Now, Pay Later services provide customers the functionality of credit cards-- easy payments with no cash. But BNPL usually...

    BNPL providers pay retailers upfront and lend money to customers while taking on all of the program's administrative costs and credit risk. 

    The appeal of BNPL also lies in the fact that vast amounts of consumer data can be used by retailers to enhance customer loyalty by offering more targeted products.

  • ENOC unveils service station of future for public at Expo City

    Dubai, Abu Dhabi -- ENOC Group announced Wednesday that its Service Station of the Future is now open to the...

    Expo City Dubai is now ready to host 145,000 residents and workers, becoming the UAE’s first 15-minute city.

    This includes amenities in close proximity to the 85 start-ups and small businesses that occupies the commercial space.

  • IMF says countering inflation with tax cuts would be ‘too costly’

    The fund's comments, in its latest Fiscal Monitor report, come as food prices have surged by half since 2019 while...

    Countries all around the world are facing more pressing and more painful trade offs," said Vitor Gaspar, director of IMF's fiscal affairs.

    Countries may need to raise added revenues and contain the growth of other expenditures as they prioritize policies, the fund said.

  • Yellow Door closes $400m equity raise

    It plans to deploy $1bn in sustainable energy projects.

    Yellow Door said in a statement that the funding was substantially provided by YDE’s newest and now controlling shareholder, Actis.

    Existing shareholders International Finance Corporation (IFC), Mitsui & Co., and APICORP also increased their equity commitments.

  • Wio Bank, Stripe sign partnership

    Will enable SMEs to access e-commerce faster.

    They will also ensure easy onboarding and a simple pay-as-you-go pricing model.

    Users can soon sign up on the Wio Business app and be set up with a payment gateway to optimize payments within minutes.

  • ADNIC, JAFZA sign insurance pact

    JAFZA is home to over 9000 companies, including Fortune 100 firms.

    ADNIC will provide pre-underwritten insurance products for health and office insurance with exclusive pricing.

    Through this partnership, the Jafza community will benefit from hassle-free online enrolment for health insurance policies.

  • Meta unveils new virtual reality headset Quest Pro

    Meta said it is partnering with Microsoft and others to tune popular business and productivity software to virtual worlds using...

    The $1,500 Meta Quest Pro features a number of new features that are meant to improve users' perception of truly being in the presence of other people

    The headset makes it possible to view not only virtual worlds but also the real environment of the user, thanks to high-resolution outward-facing cameras

  • Retal’s stock rises 2.4%

    It will build 550 housing units in Riyadh for $161m.

    Retal said in a bourse filing that the project is expected to positively affect the company’s results after the sale begins and the project is completed

    Last month, Retal and National Housing signed another agreement to build 759 housing units in Riyadh

  • Automation poised to transform GCC labor market

    About 42.6 percent of jobs in the region will be automated by 2030, ahead of the global average of 32...

    Management consulting firm McKinsey predicts that 42.6 percent of jobs in the GCC will be automated by 2030, ahead of the global average of 32 percent

    As a backup plan against future pandemics, the GCC's business automation strategies evolved quickly during and after the COVID-19 pandemic

  • EU energy head hails “partnership” with Algeria

    Seeking new exporters of gas to the continent, European Union's energy commissioner has hailed a "long-term strategic partnership" with Algeria...

    Algeria has helped Europe diversify its energy supplies by pumping more gas to Italy, which in July signed a deal to import billions more cubic metres

    Energy Minister Mohamed Arkab said his country was "a trusted supplier" that always honors its obligations