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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.

  • ADQ monetises minority stake of 8.6% in TAQA

    TAQA is a diversified utilities and energy group headquartered in Abu Dhabi, and listed on the Abu Dhabi Securities Exchange.

    TAQA is a diversified utilities and energy group headquartered in Abu Dhabi, and listed on the Abu Dhabi Securities Exchange

    The company has significant investments in power and water generation, transmission and distribution assets

  • Twitter ex-security chief in Congress as shareholders back Musk buyout

    Nearly 99 percent of the votes cast by stock owners endorsed the agreement with Musk to sell him the tech...

    The shareholder decision clears the way for the contract to close, even as billionaire Musk tries to exit it

    Musk has listed bot accounts as among the reasons to justify his walking away from the deal

  • Why are millionaires flocking to UAE?

    By the end of 2022, the UAE is expected to attract more than 4,000 high-net-worth individuals, mostly from India, Russia,...

    Around 25 percent of GCC's millionaires are moving to the UAE. At the same time, others are relocating to other regions like the UK, US and Europe.

    The total private wealth of the wealthy in the UAE increased by US$46 billion between 2019 and 2021, to nearly US$917 billion, according to a Global Citizens report.

  • Drop in German investors confidence sparks recession fear

    BERLIN, GERMANY - German investor confidence fell in September for a third straight month, a closely watched survey showed on...

    The ZEW institute's economic expectations index dropped 6.6 points from the previous month to minus 61.9 points.

    For its survey, ZEW quizzes experts about the current economic situation and the outlook for the coming six months.

  • India to invite UAE as ‘guest country’ at G-20 Summit

    India, the incoming President of the Group of Twenty (G-20) announced that it will invite the UAE as one of...

    The G-20 accounts for 85 percent of global GDP, 75 percent of international trade and two-thirds of the world population.

    This is the first of a series of announcements being made by India preparatory to its assumption of the G-20 Presidency on December 1, 2022.

  • High-level UAE economic delegation visits Georgia

    A UAE economic delegation led by Minister of State Ahmed Ali Al Sayegh visited Tbilisi, Georgia.

    UAE-Georgian economic relations have witnessed remarkable development in recent years.

    Total non-oil trade between UAE and Georgia in 2020 and 2021 grew by 52 percent to reach US$223 million.

  • UAE’s TDRA becomes member of global body EFQM

    UAE's Telecommunications and Digital Government Regulatory Authority (TDRA) has announced that it has become a member of the European Foundation...

    Telecommunications and Digital Government Regulatory Authority will support the implementation of EFQM's leading approach.

    TDRA will utilize the integrated services provided by the EFQM to better equip its own teams to drive excellence.

  • Tabreed okays 100% foreign ownership

    The previous cap on foreign ownership was 49 percent.

    Tabreed is majority-owned by Abu Dhabi's state-owned fund Mubadala.

    Khaled Abdulla Al Qubaisi, Chairman Tabreed, said the move is expected to “provide greater opportunities to benefit from foreign investment".

  • Dubai looks to raise $817m from IPO of Salik Company

    Dubai is looking to raise $817 million in the initial public offering of Salik. It is selling 1.5 billion shares...

    All shares to be offered shall represent the sale of existing shares held by the Government of Dubai

    The CEO of Salik believes the growth of the city is in tandem with the growth of Salik, and this offering represents an exciting opportunity for investors

  • Flower sale blooms for queen’s funeral

    Well-wishers descended on London's vibrant Columbia Road flower market to snap up colorful bouquets after Britain's longest-serving monarch died last...

    Demand was "significantly high" in recent days, particularly for the queen's favorite white lilies, according to the British Florist Association

    Mourners are asked to stop leaving non-floral objects like balloons, lit candles, and soft toys resembling Paddington Bear