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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.

  • ADNOC hires 13 jack up barges to boost offshore efficiency

    Abu Dhabi National Oil Company (ADNOC) signed a $1.17 billion (AED4.3bn) for hiring 13 self propelled jack-up barges to drive...

    The jack up barges will enhance the capacity of its crude oil production to five million barrels per day (mmbpd) by 2030.

    Deployed across ADNOC's offshore fields, it will support extensive operations, including project work and maintenance.

  • MoCCAE discusses food security with feed manufacturers in UAE

    UAE's Ministry of Climate Change and Environment (MoCCAE) hosted a meeting with licensed feed manufacturers in the country to explore...

    UAE's Ministry of Climate Change and Environment hosts a meeting with licensed feed manufacturers to talk of enhanced food production

    Participants highlight the importance of modern technologies in feed production and to adhere to the highest safety standards

  • CBUAE’s Financial Stability Report lists steps taken to help economy

    The Central Bank of the United Arab Emirates has issued its Financial Stability Report for 2021, which outlines the measures...

    Among the steps were CBUAE's gradual exit strategy from the Targeted Economic Support Scheme as the UAE economic recovery commenced

    The CBUAE also conducted risk-based supervision and solvency and liquidity stress tests to assess potential vulnerabilities.

  • DEWA H1 2022 revenue is $3.3bn

    DEWA's net profit in H1 2022 is US$898 million

    In H1 2022, DEWA's revenue is US$3.3 billion (AED12.08 billion), and net profit is US$898 million (AED3.30 billion).

    DEWA's first half revenue increase of 15 percent to $3.3 b (AED12.08 b) was mainly driven by an increase in demand.

  • IHC acquires stake in Kaylon

    The 50 percent stake was acquired for $490m.

    Kalyon Enerji is owned by the giant Turkish group Kalyon Holding, which operates in the Construction, Energy and Aviation industries.

    The acquisition comes four months after its AED7.3 billion investment in Indian conglomerate Adani Group- green energy-owned companies.

  • Dubai Clear and Muqassa to cooperate in central clearing services

    Dubai Clear, a subsidiary of the Dubai Financial Market (DFM), and the Securities Clearing Centre Company "Muqassa", a subsidiary of...

    The two sides signed a Memorandum of Cooperation that also stresses knowledge sharing.

    Under the agreement, the two sides also agreed to organize training and events.

  • Savola sells KEC stake for $122m

    Savola wants to focus on core food and retail businesses.

    The company said it wants to focus on investing in its main operations in the food and retail sectors, while ending investments in non-core businesses

    Knowledge Economic City’s shares ended Wednesday’s trading session 6.12 percent higher at SR14.56

  • Aramex H1 profit is $0.75 bn

    The company sustains a very healthy liquidity profile.

    On a group level, GP margins remained stable over six-month period, driven by accelerated growth in the Logistics and Freight-Forwarding business

    Aramex's strong balance sheet will support the company's growth strategy, including investments in digital and technological infrastructure

  • Dana Gas posts $110m profit

    The better results were driven by high hydrocarbon prices.

    The company said that its profitability was driven by elevated hydrocarbon prices, in addition to the company's commitment to maintaining a low-cost base in Kurdistan

    The company's board expects to maintain its semi-annual dividend payment in keeping with its dividend policy

  • SAMI revenue vaults to $605m

    The Saudi firm says weapons business fueled growth.

    The firm has made it to the list of the 100 largest defense companies for the year 2022

    The kingdom has been consolidating companies within SAMI to achieve a 50 percent technology transfer target