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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.
  • AlBabtain launches IPO

    The company has set a price range of $18 to $21 per share.

    The Riyadh-based firm will conduct a three-day offering period beginning Sunday, Sept. 25, and concluding on Wednesday, Sept. 28

    The company is offering 544,000 ordinary shares, 16 percent of its capital, for subscription as it seeks to join the kingdom’s parallel Nomu market

  • Ford’s electric drive reinvents its historic factory

    The manufacturing operation's prime mission in recent times has been to assemble the best-selling F-150, a gasoline-powered vehicle.

    The truck plant churns out a new pickup truck every 53 seconds in a well-oiled process that will continue for the foreseeable future.

    But in September 2020, Ford broke ground on a smaller facility on neighboring land, tasking the new operation with building a battery electric cousin to F-150.

  • Bayt survey says 71% of professionals may quit jobs in 2023

    When asked why professionals may change their careers entirely, “to find their real passion” ranked first (37%) followed by opportunities...

    More than half (51%) of the respondents deem it necessary to work in the same field as their educational background but 49% are open to working in different fields

    16% of respondents believe that they should stay in their current role for at least a year before they switch to another one

  • WETEX and Dubai Solar Show hosts 1,750 global companies

    DEWA CEO said that the exhibition will introduce the world to the UAE’s achievements in the renewable and clean energy...

    Dubai Electricity and Water Authority (DEWA) will organize the exhibition from September 27 to 29 at the Dubai World Trade Center

    The summit will bring together officials and decision-makers from around the world

  • Iraq and Qatar look to boost cooperation in aviation sector

    Iraq and Qatar are looking to enhance cooperation in the field of civil aviation, especially in technical, air transport, and...

    Head of the Iraqi Civil Aviation Authority and Minister of Transport and Qatar Aviation Authority discussed the prospects for joint cooperation

    The two looked at boosting ties in technical, air transport, air safety and aviation security, as well as scholarships and training for the Civil Aviation Authority

  • Egypt to make bid to host 2036 Olympic Games

    Setting its sights on hosting the Olympics, Egypt will apply to host the games in 2036, which, if the bid...

    An Egyptian official announced earlier in the month that Egypt, Greece and Saudi Arabia were in talks to jointly host the 2030 World Cup

    Egypt staged the 2019 Africa Cup of Nations, as well as last year's handball world championship during the Covid-19 pandemic

  • Dubai’s real estate builds on AI to boost sales

    Investors and brokers are becoming more confident as the emirates's innovative systems keep tabs on the skyscrapers and the units...

    Investors and brokers are becoming more confident as the emirates's innovative systems keep tabs on the skyscrapers and the units available for housing and renting

    More competent property management, more accurate analysis of returns on investments and other efficiencies can all be achieved with the help of artificial intelligence

  • NASA scraps scheduled Moon launch due to tropical storm

    NASA has called off the scheduled Tuesday launch of its uncrewed mission to the Moon due to a tropical storm...

    The US National Hurricane Center (NHC) said Tropical Storm Ian is due to "rapidly intensify" over the weekend as it moves toward Florida.

    A successful Artemis 1 mission would come as a huge relief to NASA, after years of delays and cost overruns.

  • UAE delegation attends meetings on sidelines of UNGA session

    The UAE delegation attended the fifth day of high-level meetings on the sidelines of the 77th Session of the United...

    Khalifa Shaheen Al Marar, Minister of State, participated in a meeting organized by the US with the GCC and Egypt, Iraq, Jordan and Yemen.

    Omar Saif Ghobash, Assistant Minister for Culture and Public Diplomacy, met Frederick Mitchell, Minister for Foreign Affairs of the Bahamas.

  • German Chancellor in Saudi Arabia on energy hunt

    German Chancellor Olaf Scholz arrived in Saudi Arabia at the start of a two-day Gulf tour, in the hope of...

    Germany wants to extend cooperation on new technologies such as green hydrogen produced using renewable energy.

    Germany hopes to agree new energy partnerships with the oil-and gas-rich Gulf states, with the loss of supplies from Russia in the wake of the invasion of Ukraine.