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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 seizes 302,255 Captagon pills at Al-Haditha port

    Saudi Arabia has seized a new consignment of banned drugs being brought into the kingdom at Al-Haditha port.

    The Zakat, Tax and Customs Authority seized 302,255 Captagon pills from the fuel tank of a truck and medical braces worn by a smuggler

    The operations were carried out in coordination with the General Directorate of Narcotics Control and three people have been arrested

  • Meta’s Quest VR gear to let people ‘hang out’ in fake worlds

    Meta on Friday said that it is adding the ability to easily socialize in virtual reality with an update to...

    Meta is also working on letting people create their own virtual worlds where they host gatherings of avatars, Zuckerberg said

    Horizon Worlds is far from a fully realized metaverse, a future internet where online experiences like chatting to a friend would eventually feel face-to-face thanks to VR headsets

  • Iran, Venezuela ink 20-year deal on cooperation in Tehran

    Iran and Venezuela signed a 20-year deal on cooperation between the two countries in various sectors including energy, financial and...

    The deal inked by Iran and Venezuela include energy, financial and defense

    From July 18 direct flights would operate between Caracas and Tehran

  • EWEC to conduct 4th Clean Energy Certificates Auction

    The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of...

    The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of their clean electricity consumption

    Also, the CECs offer entities a globalcompetitive edge by holding internationally recognised certificates that guarantees their green credentials.

  • Soqoor program: DEWA approves 50,567 NOCs

    It is the first government program of its kind to evaluate consultants and contractors in Dubai.

    It is the first government program of its kind to evaluate consultants and contractors in Dubai

    The program creates a healthy competition among consultants, contractors to ensure their compliance with the highest quality

  • Iran arrests 13 bank heist suspects: judiciary

    Iran has arrested 13 suspected robbers accused of making off with the contents of more than 160 safe boxes from...

    The fugitives who fled abroad had been detained thanks to "good cooperation" with Interpol and were in the process of being transferred back to the Islamic republic

    The broadcaster aired footage of those it said had been detained in Iran, dressed in prison outfits and facing a wall

  • Abu Dhabi bourse records highest trading value in Arab markets: AMF

    Abu Dhabi Securities Exchange (ADX) recorded the highest increase in trading value among Arab financial markets in May 2022 at...

    IPOs have boosted the performances of Arab financial markets in May 2022, increasing the value of overall trading to nearly $107.22 billion.

    The Beirut Stock Exchange topped Arab exchanges in terms of market capitalization gains with an increase of 39.50 percent.

  • FAO predicts increase in global food bill in 2022

    FAO predicts the global food import bill would rise by $51 billion compared to 2021, of which $49 billion would...

    FAO says global food import bill may reach a new record of $1.8 trillion in 2022

    It says global production of main cereals would decline in 2022 for the first time in four years

  • Abu Dhabi, China’s Shandong to enhance cooperation

    Abu Dhabi, China’s Shandong agree to work towards boosting investment opportunities

    The MoU aims to enhance industrial cooperation, facilitate delegation visits, investor meetings

    It seeks to organize entrepreneurship, management consultancy training programs between companies

  • Chinese firm bags $974m Madinah tunnel project

    Saudi Arabia has awarded the building of a five-kilometer-long tunnel in the city of Madinah to a Chinese construction firm,...

    Canada’s WSP and US-based Parsons are among consultants working on the project while Rua al-Madinah Holding is the client

    Al-Amida road will serve as an alternative to the current ring road, through expanding the roadway to six lanes