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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.

  • GCC chief stresses importance of serving requirements of joint market

    GCC Secretary-General Naif Falah Al-Hajraf with the chairman of the Board of Directors of the FGCCC, Samir Abdullah Nas.

    The GCC chief has stressed the importance of building a distinctive integrative trade and investment base

    The base is expected to complete the requirements of the GCC joint market and develop GCC inter-trade relations

  • Red Cross hacked

    Hackers seized data of more than 515,000 extremely vulnerable people.

    The International Committee of the Red Cross said the hackers targeted an external company in Switzerland that it contracts to store data

    There was no evidence so far that the compromised information had been leaked or put in the public domain

  • Insta creators can charge subs

    The selected creators will be able to sell subscriptions.

    Social media users whose posts draw large audiences help platforms from Twitch and YouTube to TikTok and Instagram generate revenue

    The selected creators will be able to sell subscriptions for access to exclusive content, including live streams

  • AT&T, Verizon roll out 5G in US without huge impact on flights

    On Tuesday, both AT&T and Verizon agreed to scale back the launch of 5G near airports following an outcry from...

    A handful of international carriers removed flights to the United States from their schedules Wednesday

    However, there were no mass cancelations and some of those companies said they planned to resume service on Thursday

  • Saudi, UAE and Egypt gaming to reach $3.14bn

    A young population, increased user spending, robust govt backing for games and e-sports and new players are poised to push...

    Around half of the Middle East's population is reported to be under the age of 25, and electronic games constitute an integral component of their entertainment.

    Saudi Arabia, the UAE, and Egypt attained a total gaming revenue of US$1.76 billion in 2021.

  • DEWA says 35% of work completed on Hatta power plant

    The project is also part of DEWA’s initiative to develop the area to meet its social, economic, and environmental needs.

    The plant’s production capacity is set to reach 250 megawatts (MW) with a storage capacity of 1,500 megawatt-hours and a lifespan of up to 80 years

    This is the first of its kind in the Gulf region, with investments of around AED1.421 billion ($0.39billion)

  • Islamic Development Bank keen to cooperate for achieving SDGs

    The Islamic Development Bank (IsDB) affirmed that it would work together with all Multilateral Development Banks, International Finance Institutes, and...

    IsDB Group actively pursues counter-cyclical financing to its 57 member countries when they need it most, said its President Muhammad Al Jasser.

    To boost the economy and recovery of the member countries, the Bank has approved development programs and projects amounting to $1.6 billion.

  • REIT signs $200m financing commitment with FAB

    Masdar Green Real Estate Investment Trust (REIT) has signed a financing commitment to the tune of $200 million with First...

    The announcement was made during an official signing ceremony held at the 4th Abu Dhabi Sustainable Finance Forum during Abu Dhabi Sustainability Week

    In 2018, Masdar signed the first green revolving credit facility in the Middle East, helping to support its investments in global clean technology

  • Pay only $11 to attend Qatar World Cup game

    Qatar World Cup ticket sales were launched at reduced prices on Wednesday with residents and migrant workers able to attend...

    Authorities have not yet announced how many fans will be allowed into stadiums for the first World Cup in an Arab country

    Football's world governing body FIFA opened a draw which offers individual match tickets for as little as $69 for international fans

  • Saudi PIF joins tripartite pact to produce green hydrogen for export

    Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, POSCO and Samsung C&T signed here today a tripartite memorandum of...

    PIF, POSCO and Samsung C&T have signed an MoU on the sidelines of the Saudi-Korean Investment Forum.

    The MoU included the implementation of feasibility studies to develop a green hydrogen production project in Saudi Arabia for export purposes.