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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.

  • Saudi Arabia plans seeks to create over 200 smart cities: Minister

    Riyadh, Saudi Arabia - Saudi Arabia plans to establish more than 200 smart cities, Majed Al Hogail, Minister of Municipal,...

    The cities will use AI systems in numerous fields, including inspection, waste management, parking, and spatial planning.

    The minister explained that cities will depend on their interconnectedness and interaction to improve services quality.

  • JAFZA facilitates more than a third of Dubai automotive volume

    Dubai, UAE-- Jebel Ali Free Zone (Jafza), part of DP World Group, has facilitated over 1.2 million metric tons (MT)...

    This is equivalent to $12.4 billion, more than a third of the total trade worth $31.3 billion.  

    Dubai hosts the region’s biggest automotive trading hub and the largest used car market.

  • Adoption of new technologies tops Saudi Maritime Congress agenda

    The purpose of the event is to highlight the most significant advancements in the digital transformation and adoption of cutting-edge...

    The purpose of the event is to highlight the most significant advancements in the digital transformation and adoption of cutting-edge technological solutions in the sector

    This edition is the first to be organised in person after the pandemic and the recovery of global economies from its unprecedented effects on the supply chain

  • AD Ports ups stake in Egypt firms

    The majority stake in the two companies was valued at $140m.

    The group acquired a 70 percent equity stake in Transmar International Shipping Company (Transmar) and Transcargo International.

    Transmar is a regional container shipping company that operates across the Middle East, Red Sea, Arabian Gulf and Eastern Coast of Africa

  • First phase of ADNOC Refining’s WHR project nears completion

    ADNOC Refining's Waste Heat Recovery (WHR) project is designed to capture exhaust heat from the gas-powered turbines at ADNOC Refining's...

    The firm is looking to reduce its greenhouse gas (GHG) emissions intensity by 25% by 2030, aligned to the UAE Net Zero by 2050 Strategic Initiative

    ADNOC has announced partnerships to decarbonise its operations at scale, with up to 100% of the company's grid power being supplied by clean nuclear and solar energy sources

  • Dubai records realty transactions worth $517 million: Land Department

    Dubai, UAE--- Dubai real estate market recorded 344 sales transactions worth AED1.77 billion ($481 million), in addition to 67 mortgage...

    The sales included 286 villas and apartments worth AED600.16 million, and 58 land plots worth AED1.17 billion.

    The emirate's real estate market recorded a total of 7,092 transactions in July 2022, which is its best performance in the past decade.

  • EU court to rule on record antitrust fine against Google

    The decision by the Luxembourg-based General Court could undo or demand modifications to the landmark decision, taken by the European...

    Google urged a panel of EU judges last year to throw out the decision it argued was unfounded and falsely relied on accusations it imposed its search engine

    Google insisted that downloading rival apps was only a click away and that customers were in no way tied to Google products on Android

  • Europe’s battle with Big Tech: billions in fines and tough laws

    In the past few years, the EU has slapped eye-watering fines on Apple and Google in tax and competition cases,...

    Brussels has slapped over eight billion euros in fines on Google alone for abusing its dominant market position

    The EU has also gone after Apple, accusing it of blocking rivals from its contactless iPhone payment system and fined Microsoft 561 million euros

  • Wio launches in UAE

    The digital bank is co-owned by ADQ, Etisalat, and others.

    It has three main business lines: digital banking apps, embedded finance and banking-as-a-service, the provision of banking through third-party distributors

    Wio is 65 percent owned by Abu Dhabi sovereign wealth fund ADQ and Alpha Dhabi, 25 percent by Etisalat and 10 percent by First Abu Dhabi Bank

  • PIF to buy stake in Seera

    PIF will pick up $1bn stake in Seera Group's travel unit.

    Seera Group said in a bourse filing that the PIF wants to hold 30 percent of Almosafer’s capital

    Almosafer aims to use the capital injection to scale up its tourism operations and strengthen its position as a leading travel agency in the kingdom