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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.

  • British PM meets Saudi Crown Prince to plead for oil

    British Prime Minister Boris Johnson met with oil-rich Saudi Arabia's Crown Prince Mohammed bin Salman to lobby for higher production...

    "It's not just a question of looking at the OPEC countries and what they can do to increase supply, though that is important," Johnson told British media

    Saudi Arabia and the UAE, which are two of the world's biggest oil exporters have so far avoided taking a position against Russia.

  • CEO du

    Skills gap challenge for GCC digitization, says du CEO

    GCC companies should work closely with digital and software companies to expedite digital transformation, says Fahad Al Hassawi, CEO of...

    du is the second largest telecom service provider in the UAE, and its 2021 revenues grew by 5.4% to $3.19 billion

    Agility will be key to the telecommunications industry and requires telecom operators to look beyond connectivity, says al Hassawi

  • Dubai to list DEWA in the biggest IPO by April

    In a first, the state-owned DEWA will be listed on the Dubai Financial Market by April as part of Dubai's...

    Dubai Electricity and Water Authority plans to float 3.25 million shares, or a 6.5-percent stake, by April in what is expected to be Dubai’s biggest ever listing

    The retail offering subscription will run from Mar. 24 until Apr. 2, while the qualified investor offering period will be from Mar. 24 to Apr. 5

  • Emirates to launch daily flights to Israel from June 23

    Emirates will offer multiple daily and weekly flights throughout Australia, India, Philippines, Thailand and South Africa, many of which are...

    Emirates will operate its three-class Boeing 777-300ER on the route, featuring eight private suites in First Class.

    The new service to Tel Aviv will also provide 20 tonnes of cargo capacity on each flight, providing channels for Israeli businesses.

  • Foxconn and Saudi in talks to create microchips manufacturing facility

    Foxconn Technology Group and Saudi Arabia are expected to jointly build a $9 billion facility that can make microchips, electric-vehicle...

    The facility expected to be constructed by both is said to worth $9 billion.

    Foxconn, which is a supplier to Apple Inc., is yet to confirm the deal.

  • Egypt and Lockheed Martin look to boost defense ties

    Egypt and American Defense company, Lockheed Martin, have discussed ways to enhance cooperation.

    Mohamed Ahmed Morsi, Egypt’s minister of state for military production, held talks with Raymond Piselli, vice president of Lockheed Martin

    Morsi noted that Egypt’s growing presence in the field of security and defence is the result of economic reforms undertaken by Egypt

  • Bahrain gives nod to cryptocurrency firm Binance to operate

    Cryptocurrency exchange platform Binance, one of the world's largest, said Tuesday it had been granted an operating license in Bahrain,...

    The company said it would provide crypto asset trading and portfolio management services under the supervision of the Central Bank of Bahrain

    Bahrain hopes to become a regional hub for crypto asset companies, as does Dubai

  • Emirates NBD launches website to support IPOs on DFM

    Emirates NBD has taken the lead in supporting upcoming initial public offerings (IPOs) on the Dubai Financial Market (DFM) with...

    Emirates NBD’s IPO platform has built-in real time subscription payment capabilities for UAE investors and wire transfer capabilities for non-UAE investors.

    The seamless, single interface enables completely paperless subscription in five simple steps making the process simpler and paperless.

  • Dana Gas to pay 4.5 fils per share

    The total dividend paid for 2021 now stands at 8 fils.

    For the full year 2021, the company achieved a net profit of AED1.2 billion ($317 million)

    The Company's collections in 2021 were the highest ever at AED1.4 billion ($377 million), and the year-end cash position stood at AED678 million ($185 million).

  • Playa Hotels inks Saudi resort deal

    It will set up facilities along the Arabian Gulf and the Red Sea.

    Playa signed an agreement regarding the resorts with Saudi’s Tourism Development Fund on Monday

    This will contribute to enhancing the distinctive tourism experience and create local job opportunities