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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.
  • Maradona ‘Hand of God’ jersey to go on display in Qatar

    The shirt, which sold for $9.3 million to a secret buyer, has been loaned to Qatar's 3-2-1 sports museum and...

    Qatar has not named the shirt's new owner, who paid a then record price for any sports memorabilia object

    Maradona scored both goals in the World Cup quarter-final 2-1 victory over England in Mexico City's Aztec Stadium in 1986

  • Saudi Arabia hopes to post budget surplus of US$24bn

    Saudi Arabia is expecting to record an increase in its budget surplus in 2022 to S24 billion, according to the...

    According to the ministry of finance, Saudi total revenues are expected to reach about $299 billion in 2023, while reaching about $323 billion in 2025

    The minister said the objectives of the general budget for the fiscal year 2023 come as a continuation of the process of work to strengthen the financial position of the kingdom

  • Saudi to make US$32bn in income from recycling by 2035

    Saudi Arabia is expected to generate an annual income of $32 billion from recycling waste by 2035, according to the...

    Mansour Al-Mushaiti said the forecast is based on estimates made by the National Center for Waste Management

    He also flagged up the move to zero carbon neutrality by 2060, as well as seeing 94 percent of waste recycled by 2035 instead of being taken to landfills

  • UAE eyes jobs via crypto, metaverse investments

    According to a PWC estimate, the MENA region's blockchain market would reach $3.2 billion by 2024, and the UAE is...

    Blockchain market is expected to reach $3.2 billion in the MENA region by 2024, according to a PWC estimate

    UAE has attracted many crypto trading platforms, tempting investors with its regulatory system and promises of security improvements

  • Abu Dhabi launches healthcare grant to help research, innovation

    The Department of Health – Abu Dhabi (DoH) launched the first edition of the Healthcare Research and Innovation Grant, a...

    The grant seeks to fuel healthy competition across the healthcare ecosystem in the emirate.

    It seeks to help start unique research projects and innovative products, technologies and services in Abu Dhabi’s healthcare facilities.

  • Emirates SkyCargo, United Cargo sign MoU

    The two airlines will work on expanding cargo interline options.

    United will have access to SkyCargo’s high frequency distribution network through the belly-hold of passenger flights to over 100 global destinations and 11 freighters.

    Emirates SkyCargo will have access to over 200 cities in the US and 300 cities across five continents through United Cargo.

  • Two-day inaugural RAK Energy Summit to begin on Oct 4

    The inaugural RAK Energy Summit, to be held on October 4-5, will feature experts from the energy sector in the...

    The summit will feature experts from the energy sector in the UAE and globally.

    The experts will discuss the challenges the world faces as it moves to cut carbon emissions.

  • Dubai real estate market performance in Aug best in decade

    A total of 9,720 real estate sales worth $6.62 billion were recorded during the month, an increase of 69.57 percent...

    The top areas searched for sales in August were Dubai Marina, Downtown Dubai, Business Bay, Palm Jumeirah, Jumeirah Village Circle, and Jumeirah Lake Towers.

    Most searched areas for villa/townhouse sale were Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, DAMAC Hills (Akoya by DAMAC), Mohamed bin Rashid City and Dubai Land.

  • Large turnout of visitors at WETEX, Dubai Solar Show

    The Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS) saw a large turnout of visitors in...

    A total of 1,750 companies from 55 countries worldwide participated in the exhibition.

    Latest global solutions, technologies, innovations in energy, water, sustainability, renewable and clean energy were highlighted in the event.

  • India to host MotoGP for first time in 2023: organisers

    India represents a key market to expand the sport, organizers said, citing a population of 1.4 billion people and more...

    The race is scheduled to take place at Buddh International Circuit in Uttar Pradesh, to the south of New Delhi

    The track has already played host to Formula One, staging three F1 grands prix between 2011 and 2013