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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.

  • Dubai Airports win Gold Stevie Award for Great Employers 2022

    Dubai Airports has been named the winner of a Gold Stevie Award in the Most Innovative Workplace Redesign During COVID-19...

    Dubai Airports wins Gold Stevie Award for initiatives during the pandemic to protect the health and wellbeing of employees, customers and guests.

    This included the redesign of the Dubai Airports workplace with the installation of onsite testing and vaccination facilities.

  • Abu Dhabi non-oil foreign trade $33.75 billion in first half of 2022

    The value of the trade-in commodities from normal metals and their products increased to AED24.51 billion, with a growth rate...

    Exports during the first six months of this year increased to 26 percent, at a value of AED49 billion and 479 million, compared to AED39.19 billion in 2021.

    The trade with Saudi Arabia was the highest at AED28.63 billion, with a growth rate of three percent compared to AED27.90 billion recorded during the same period in 2021.

  • Ajman Chamber urges members to diversify investments

    The ACCI witnessed the signing of a strategic partnership agreement to supply rosewater between Lavish Perfumes with Lecheq Farm Distillery...

    The Ajman Chamber of Commerce and Industry wants members to increase the volume of intra-trade.

    The Chamber also wants members to strengthen international relations between business owners in Ajman and their outside counterparts

  • Foreign exchange reserves up at $82bn, says Iraq’s Central Bank

    Central Bank of Iraq announced that foreign exchange reserves rose to US$82 billion, while gold reserves exceeded 130 tons.

    Iraq's Central Bank says that its gold reserves exceed 130 tons

    Among the countries with the most gold, Iraq has now reached 30 position

  • SEWA completes 10-km natural gas line to Al Zubair district

    Sharjah Electricity, Water and Gas Authority (SEWA) has completed the implementation of a 10-km line project to connect the natural...

    The natural gas network and pumping stations operate according to the best technical specification, said Amna bin Hadda, Director of the Natural Gas Department.

    She added that the SEWA is keen to encourage the residents of Sharjah to use natural gas as compared to using liquefied gas cylinders.

  • Saudi Central Bank launches POS between Saudi Arabia, Qatar

    Upon the services launch, Mada and NAPS cardholders will be able to carry out POS transactions in the two countries...

    Upon the services launch, Mada and NAPS cardholders will be able to carry out POS transactions in the two countries through the Gulf Payments Network.

    The central bank added in its statement that GCCNET enables GCC bank customers to execute ATM cash withdrawals in the host country’s local currency

  • ‘Hero’ Lebanon hostage-taker turns self in after bank drama

    The incident was the latest involving local banks and angry depositors unable to access savings that have been locked in...

    Official media said the suspect turned himself in when the bank agreed to give him $30,000 out of his more than $200,000 in trapped savings

    Inflation is rampant in Lebanon, electricity is scarce and, according to the United Nations, around 80 percent of Lebanese live in poverty

  • Emaar Properties buys Dubai Creek Harbour for $2 billion

    Emaar Properties announced Thursday it would fully acquire Dubai Creek Harbour, the major development located along the historic Dubai Creek...

    It is expected that Emaar will profit from 100 million square feet of future development at Dubai Creek Harbour.

    Emaar recorded sales of AED 4.2 billion in 2021 and AED 3.6 billion sales in Dubai Creek Harbour in the first half of 2022

  • Al Dahra, CLAAS sign deal

    The two firms will cooperate in agriculture sector.

    Al Dahra Holding Company and the German company "CLAAS" signed an MoU for the cooperation.

    The MoU oversees the purchase of new machines, and maintain appropriate level of after-sales service.

  • Ma’aden H1 net profit at $1.6bn

    H1 2022 net profit increased by 232 percent

    H1 2022 EBITDA increased by 128 percent, compared with the same period in the prior year, to $ 3billion.

    Q2 2022 EBITDA increased to $1.8 billion reflecting robust sales performance.