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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.
  • ‘Agri-tech, innovation key in improving farmers’ livelihoods’

    UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Agriculture Ministers’ Meeting in Bali...

    Innovation and agri-tech has helped UAE to support smallholder farmers and enhance their contribution to food security.

    innovative agricultural methods are the building blocks of sustainable food systems, says UAE minister.

  • Four new Saudi fintech firms to work under legislative pilot environment

    Riyadh, Saudi Arabia---The Central Bank of Saudi Arabia has authorized four new financial technology companies to work under the umbrella...

    Saudi Central Bank's approval for these firms brings the total number of such authorized companies to 42.

    This step will achieve the objectives of enhancing and diversifying the innovations presented in the financial sector, promoting savings, payments and investment activities.

  • UAE, Tanzania sign pact to avoid double taxation

    UAE and Tanzania have signed an agreement for avoiding double taxation and preventing tax evasion.

    The pact was signed as part of the UAE's endeavors to strengthen cooperation frameworks in tax matters.

    The agreement is in line with both countries’ efforts to boost cooperation in tax fields, increase investment opportunities, encourage trade exchange.

  • First international shipment arrives at Mugharraq Port

    Abu Dhabi, UAE--- AD Ports Group Thursday announced the arrival of the first international shipment at Mugharraq Port, one of...

    This is the first shipment since Mugharraq Port was recognised as an international port facility.

    International recognition was achieved after a series of major upgrades at the port.

  • Dubai fifth globally in UN digital city governance survey 2022

    Dubai ranked fifth globally and first in the Arab World in the Local Online Service Index (LOSI) 2022 issued by...

    The latest Local Online Service Index assessed digital governments in major cities across 193 countries.

    Dubai received perfect scores in Institutional Framework, Content Provision and Service Provision, earning it top ranking in these vital indicators.

  • DMCC holds events in Miami and New York to attract US companies

    Dubai, UAE--- Dubai Multi Commodities Centre (DMCC) said Thursday it has concluded Made For Trade Live events in Miami and...

    DMCC said it sees significant opportunities for growth in the UAE–US trade corridor, which was worth US$23 billion in 2021.

    The Centre home to more than a third of the approximately 1,500 US businesses in the UAE.

  • UAE to develop international maritime network

    The Ministry of Energy and Infrastructure (MoEI) announced the launch of the "UAE Maritime Network".

    The initiative supports the Ministry of Energy and Infrastructure efforts to enhance the position of the UAE’s maritime sector globally.

    The maritime network will be a knowledge hub for global stakeholders on investment opportunities in the UAE’s maritime industry.

  • Apple App Store pulls Russian social network VKontakte

    The British government on Monday sanctioned 92 Russian individuals and entities after President Vladimir Putin's regime held referendums in Moscow-controlled...

    The sanctions target those behind these sham votes, as well as the individuals that continue to prop up the Russian regime's war of aggression

    VKontakte apps are used for messaging, digital payments and grocery shopping as well as social networking

  • H&M posts big quarterly drop in profit after Russia exit

    The world's number two clothing group is among a slew of Western companies that have exited Russia following Moscow's invasion...

    The company said Thursday its net profit fell to 531 million kronor ($47 million) in the third quarter, down 89 percent from the same period last year

    The group said in its earnings statement that it would launch cost-cutting measures that would result in savings totaling two billion kronor

  • Defying turmoil, Porsche to go ‘full throttle’ with blockbuster IPO

    Even as stocks worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car is...

    Parent company Volkswagen is set to raise 9.4 billion euros from the listing with Porsche's shares each to be issued at 82.50 euros

    Some of the cash raised will be ploughed into Volkswagen's high-speed drive towards electric vehicles