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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-Thai Business Council set up to enhance trade

    The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.

    The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.

    Thailand's Deputy Prime Minister said that discussions with Saudi officials resulted in signing of three pacts

  • State Grid Corporation of China opens first office in UAE

    Dubai, UAE: State Grid Corporation of China (SGCC), the largest utility company in the world, has expanded its presence in...

    State Grid Corporation of China (SGCC), the largest utility company in the world, opened the office in Dubai International Financial Centre.

    The SGCC has invested in utilities in Oman as well as internationally in Italy, Portugal, Greece and the Philippines.

  • Uniper seeks state aid on prices

    Massive hike in the gas prices hits firm's profitability.

    The Duesseldorf-based group said it had used up the nine-billion-euro line of credit agreed in the bailout as the cost for gas soared.

    One of biggest importers of Russian gas, Uniper has been squeezed as Moscow has reduced supplies to the continent in recent months

  • UAE launches net-zero drive for firms

    The Ministry of Climate Change and Environment (MoCCAE) Monday launched the UAE Climate-Responsible Companies Pledge. The pledge aims to increase...

    The pledge aims to increase the engagement of the private sector in the country’s decarbonization drive

    The pledge forms the basis of future collaborations between the private sector, non-governmental organizations (NGO) and international organizations.

  • ADRO, ADGM ink deal to enhance ease of digital visa access

    Abu Dhabi, UAE - Abu Dhabi Residents Office (ADRO) and Abu Dhabi Global Market (ADGM) have signed a deal to...

    ADGM will also provide ADRO a list of global companies to provide exclusive benefits for the Abu Dhabi Golden Visa holders.

    The two parties will collaborate to highlight the strategic initiatives of ADRO, including the promotion of the Abu Dhabi Golden Visa and other initiatives locally and globally.

  • Saudi to host second Global Artificial Intelligence Summit in Sept

    Riyadh, Saudi Arabia: Riyadh will host the second edition of the Global Artificial Intelligence Summit from 13 to 15 September,...

    AI is expected to boost global gross domestic product (GDP) by 14 percent by 2030, or nearly $15 trillion.

    The summit includes more than 100 sessions in which more than 200 speakers will participate, working with more than 3,000 participants.

  • CBUAE launches new website with various services

    The Central Bank of the UAE (CBUAE) has announced the launch of a new corporate website with various interactive digital...

    The Central Bank of the UAE has launched the corporate website with various interactive digital services for meeting the aspirations of the consumers.

    The CBUAE plans to be among the top central banks globally in promoting financial stability.

  • Honda, LG to invest $4.4 bn

    Firms say construction of US plant to begin next year.

    Japanese auto giant Honda and South Korean battery maker LG Energy Solution announced a joint venture to invest $4.4 billion in a US electric car battery plant

    The move comes after California last week ruled that all new cars sold in America's most populous state must be zero-emission from 2035

  • Tibbiyah suffers H1 loss of $6m

    The Saudi health provider's revenue slumped to $58.54m.

    Tibbiyah said the poor financial performance was due to disruptions in the global supply chain, resulting in sales delays

    The company believes its full-year performance will be better, supported by a typically stronger second half and the investments it has made in 'internal capabilities'

  • Germany stocks up large gas reserves despite Russian cuts

    Owing to its energy saving measures in recent weeks coupled with huge purchases of gas from suppliers other than Russia,...

    Germany’s energy regulator the Federal Network Agency said last week the country was unlikely to meet its goals

    Gas flows from the main pipeline, Nord Stream, fell to 20 percent, with the EU accusing Moscow of using energy as a weapon in its stand-off with the West over Ukraine