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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 is UAE’s most valuable brand for 4th year

    ADNOC maintained in 2022 its position as the UAE's most valuable brand for the fourth consecutive year, according to a...

    ADNOC's US$12.76 billion (AED47 billion) brand value witnessed a 19 percent increase over the previous year

    ADNOC ranked the first valuable brand in the UAE, the second in the Middle East and North Africa

  • Micrsoft startups opens second round of GrowthX Accelerator Program

    Microsoft for Startups Middle East Wednesday announced it has opened a second round of applications for Microsoft for Startups’ highly...

    GrowthX Accelerator and Highway to 100 Unicorns are part of a strategic partnership between Microsoft and the Abu Dhabi Investment Office.

    The GrowthX Accelerator brings together corporates with challenges and startups that can build field-ready solutions.

  • Arabian Healthcare and CommonSpirit to boost alliance

    Ras Al Khaimah is taking steps to further enhance its growing healthcare sector through the continuation of an alliance between...

    The critical areas of collaboration with CommonSpirit will include digital innovation, training and education, clinical alignment, care coordination

    Among the care centers widely recognized with clinical expertise in DHI’s US network are the Barrow Neurological Institute in Phoenix, Arizona

  • Emirates NBD’s profits jump 34%

    Dubai's largest bank sees its net profits rising to $2.5 billion in 2021 from $1.9 billion in 2020.

    The bank, the second largest lender in the United Arab Emirates, said its net profits rose 34 percent to $2.5 billion, from $1.9 billion in 2020. 

    The bank has set aside $1.6 billion in impairments, covering loan losses, a 26-percent decrease from last year, due to improving economic conditions

  • Istanbul’s snowed-in airport stirs back to life

    Istanbul Airport closed on Monday for the first time since it took over from the old Ataturk Airport as the...

    Istanbul Airport closed on Monday for the first time since it took over from the old Ataturk Airport as the global hub of Turkish Airlines in 2019

    Fuming passengers complained on Twitter about a lack of regular updates from Turkish travel officials and poor customer service

  • Jordan, Tunisia discuss economic cooperation

    The discussion happened at the first session of the Jordanian-Tunisian Joint Trade Committee.

    The meeting was attended by Secretary-General of Jordan’s Ministry of Industry, Trade and Supply Dana Al-Zoubi

    Head of the Cabinet of Minister of Trade and Export Development in the Tunisian Ministry of Trade, Khaled bin Abdullah, also attended

  • Paramount picks new group CEO

    Steve Griessel, the new CEO of the Paramount Group will be providing strategic, financial and operational leadership to the company...

    South Africa born Griessel has served several companies as CEO in South Africa and the US

    Griessel has business leadership and senior management experience of more than 30 years

  • Masdar, W Solar Investment partner to develop renewable energy projects

    Masdar, one of the world’s leading renewable energy companies, and W Solar Investment, a subsidiary of Alpha Dhabi Holding, and...

    The new company, MW Energy Limited, will act as a development platform, focusing initially on a pre-identified pipeline of projects

    The JVC will focus initially on the development of pre-identified projects, primarily in Africa and in the Commonwealth of Independent States (CIS) region

  • Tourism helps UAE add $158bn to GDP in six years

    Around 31 million visitors are expected to enter the UAE yearly by 2025 as the country has initiated several measures...

    UAE’s total annual visitor spending is expected to reach about $64bn in 2028.

    Tourism is expected to contribute $76bn annually to the UAE's GDP by 2028.

  • Saudi Arabia, Romania sign wide-ranging defense agreement

    Saudi Arabia and Romania signed on Tuesday a defense cooperation agreement that covers training, exchange of expertise, technologies, developing communications...

    The pact includes training, exchange of expertise, technologies and developing communications systems.

    The agreement is in line with the two sides’ commitment to promote and encourage international peace, media reports said.