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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.
  • In fair phase-out of oil, gas-rich nations should stop first: Report

    For a 50/50 chance of limiting the rise in global temperatures to 1.5C, 19 countries in which per capita GDP...

    The overarching objective, enshrined in the 2015 Paris Agreement, is to cap global warming ‘well below’ 2C, and 1.5C if possible

    A torrent of research since 2015 has confirmed that the lower aspirational target is by far a safer threshold

  • UAE looks to accelerate trade cooperation with Turkey

    The FCCI is keen to enhance cooperation with MÜSİAD and utilize the momentum provided by Expo to intensify relations between...

    The two sides reportedly discussed ways to enhance trade ties between FCCI and MÜSİAD

    They are also said to have focused their discussions on the prospects of growing cooperation

  • Investments key to improve region’s telecom services

    There is so much more the industry can explore through digital engagement, including digitizing products and services, gamifying experiences, creating...

    In today's digital economy, personalized experiences have become a prerequisite for companies wanting to achieve bigger gains

    The pandemic has proved that more customers place quality networks and services above the pricing amount while making purchasing decisions

  • Marilyn Monroe portrait may fetch $200m at auction

    Christie's said it expects Andy Warhol's 1964 "Shot Sage Blue Marilyn" to become the most expensive 20th century artwork when...

    Christie's described the 40 inch (100 centimeter) by 40 inch portrait as "one of the rarest and most transcendent images in existence."

    Warhol began creating silkscreens of Monroe following the actress's death from a drug overdose aged just 36 in August 1962.

  • Saudi Arabia Railways opens tickets for train to strategic Al Qurayyat

    Saudi Arabia Railways "SAR" has opened online booking of tickets for train services via the North Train to and from...

    The services starts on March 31, 2022, with a long-distance journey of 1,215 km by passenger train between Riyadh and Al-Qurayyat.

    Saudi Arab Railway stated that such a step comes in conjunction with the inauguration of the Al-Qurayyat passenger train station on March 30, 2022.

  • Russia warns embargo on its oil imports will impact everyone

    An embargo on Russian oil imports, pushed for by some European countries over Moscow's military action in Ukraine, would have...

    Some EU countries including Baltic states have called for an embargo on Russian oil and gas

    EU foreign ministers on Monday are meeting to discuss the situation in Ukraine

  • UAE sanctions crowdfunding for public and private sectors

    The Cabinet approved the UAE System for Crowdfunding Platform Operators, stressing that the Securities and Commodities Authority (SCA) will be...

    The strategy covers all technical aspects associated with the regulation of crowdfunding platform operators

    It also addresses supervision, inspections, and penalties

  • Saudi Arabia warns of ‘direct threat’ to global supplies from attacks

    Top crude exporter Saudi Arabia warned Monday that Yemeni rebel attacks on the kingdom's oil facilities pose a "direct threat"...

    Saudi Arabia "will not incur any responsibility" for shortages in oil supplies in light of the Iran-backed Houthi attacks, the foreign ministry said in a statement

    The statement comes a day after the kingdom acknowledged a temporary drop in production after the Houthis attacked a refinery with an armed drone

  • Egypt and Saudi Arabia to boost bilateral economic cooperation

    Hala Al-Saeed, Egypt’s minister of planning and economic development, discussed ways to enhance future cooperation between Egypt and Saudi Arabia...

    A discussion was held between Egypt's minister of planning and Saudi Arabia's minister of trade.

    The minister of Egypt stressed her keenness to consolidate relations between the Egyptian and Saudi business communities.

  • Stellantis MENA shipments up

    Expansion into 10 new countries MENA countries strong driver for growth.

    The UAE saw a 41 percent increase across all brands from the same period last year, with Jeep increasing sales from 25 percent and PEUGEOT increasing by 70 percent.

     Saudi Arabia witnessed a 36 percent growth across all Stellantis products with PEUGEOT being the automaker’s highest performing brand with a 222 percent  growth.