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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.

  • Arada awards two deals

    Under the $125.23m contracts, a residential district will be built at Masaar.

    Valued at AED228 million, the contract to build 142 villas in the Sendian district of Masaar was won by Kuwait's Al-Kharafi.

    The second contract worth AED232m to build the remaining 288 homes in Sendian was awarded to Intermass, a Sharjah-based contractor.

  • Mubadala, ENGIE to create digital platform for electric vehicles in Gulf

    Mubadala Investment Company and ENGIE signed an agreement to explore the development of a digital platform for charging electric vehicles...

    The two companies will work on a joint solution for the installation and operation of charging infrastructure for Electric vehicles (EVs) in UAE.

    EVs are important in supporting decarbonizing the mobility sector as transport sector is known to be a contributor in global carbon footprint.

  • Nintendo profits rise as demand booms

    The rise is also attributed to the popularity of the Switch.

    The company, which has benefited from a string of popular titles including "Pokemon Legends: Arceus", posted a 2021-22 net profit of 477.7 billion yen.

    Uncertainties linked to the global chip shortage and potential production and transport delays caused by Covid-19 lockdowns could hit future profits.

  • All that glitters: How the money-spinning IPL turned cricket into gold

    IPL teams receive a share of television rights, around 15 percent of ticket sales and sponsorship money as well. They...

    IPL expanded to 10 teams this year from the original eight. Lucknow Super Giants and Gujarat Titans are the new franchises

    Disney paid $2.55 billion for a five-year television and digital rights deal to broadcast IPL tournaments on Star India

  • Emirates Steel Arkan Q1 profit $19.62m

    The firm said the impact of Emirates Steel and Arkan merger was positive.

    The company announced revenues of AED2.04 billion for the first quarter of 2022, compared to AED233.5 million in 2021.

    It said the net profit was boosted by enhanced operational performance and higher sales volumes.

  • France says EU deal on Russia oil embargo possible this week

    The embargo on Russian oil, which is part of a sixth package of EU sanctions under discussion, is being resisted...

    New discussions on the Russian oil embargo are expected to be held between European leaders by telephone on Tuesday

    It will involve French President Emmanuel Macron, EU Commission President Ursula von der Leyen, and Hungary's Prime Minister Viktor Orban

  • Sony logs record full-year sales

    However, net profit dipped 14% from the last year's record high.

    A lockdown-fueled gaming boom has slowed down, but Sony has seen success in other sectors

    Spider-Man: No Way Home has overtaken Avatar as North America's third-highest-grossing film

  • Agthia Group Q1 revenue is Dh1b

    The company’s net revenues are up 58% year-on-year.

    Net profit increased to AED 82 million, growing at a higher rate vs revenue and supported by the consolidation of margin accretive acquisitions in 2021

    Strong start to 2022 builds on successful first year of Agthia’s five-year growth strategy

  • ‘Workplaces must prioritize mental health’

    In many industries, working from home is the way of the future and a better working and mental lifestyle, Quartz...

    People tense or stressed at work are more than three times likely to plan to look for a new job

    In contrast, employees who feel supported are more likely to stay, lowering turnover costs

  • Saudi Space Commission looks to explore cooperation with NASA

    Saudi Space Commission Board of Directors Chairman Abdullah Amer Alswaha is on a tour of the US to develop the...

    The two countries discussed opportunities for strategic cooperation to develop the space sector

    They also mulled investment in future joint projects to achieve mutual economic and strategic goals