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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.

  • Israeli tech firms line up for UAE manpower

    Dozens of Israeli high tech companies are keen to open units in Dubai or Abu Dhabi after Rapyd's decision to...

    About a dozen portfolio firms of Israeli venture capital fund OurCrowd actively seek to open units in Dubai or Abu Dhabi, says its CEO Jon Medved

    Israeli fintech firm Rapyd is the first to decide that it will open an office in the UAE following the normalization of ties between the two countries

  • Arada enters Dubai market

    Full details will be revealed at the sales launch, scheduled to take place in the third quarter of 2022.

    Design work on Arada’s mixed-use project on Palm Jumeirah has begun and will contain residential, leisure and F&B components

    Arada’s projects include Aljada, Sharjah’s largest ever mixed-use megaproject where 5,000 units are currently under construction

  • Jordan’s ISSF to invest $1.5 million in Dubai-based Global Ventures

    The Innovative Startups and SMEs Fund (ISSF) will invest $1.5 million in Global Ventures

    Global Ventures is a Dubai-based growth-driven venture capital firm focused on investing in growth-stage technology.

    Investing in progressive funds such as Global Ventures supports ambitious SMEs to expand their businesses, ISSF said.

  • UAE, South Korea ECAs sign MoU to boost green energy investments

    The official export credit agencies of the UAE and South Korea have signed an MoU to boost investments in sustainable...

    Etihad Credit Insurance and K-SURE will work to facilitate support for various collaborative projects, especially hydrogen economy and renewable energy.

    They will also join forces to support the exporters operating in diverse industries to enter the global market.

  • Assets of Jordan’s Social Security Investment Fund rise by JD1.1 bn in 2021

    The assets of Jordan's Social Security Investment Fund (SSIF), the investment arm of the Social Security Corporation (SSC), jumped by...

    The fund’s overall returns on investment (ROI) amounted to JD575 million in 2021 against JD509 million in 2020.

    Bonds account for 57 percent of the SSIF’s investment portfolio, followed by stocks 16.6 percent.

  • Black diamond worth $5m goes on display in Dubai

    The world's largest known cut diamond went on public display for the first time Monday ahead of its sale, when...

    The Enigma, the name of the rare black carbanado diamond, was put on display in Dubai, in the United Arab Emirates

    The diamond is believed to have been created when a meteorite or an asteroid hit the Earth more than 2.6 billion years ago

  • She overcame prejudice to ride sea waves

    Sahar Al Rasti, the first Emirati female ship captain, said that working behind the rudders of ships for long days,...

    Her journey began in 2015 while working in the ports of Abu Dhabi as an administrative assistant

    The captain explained that she is very passionate about her job and craves to learn new things like discovering the secrets of maritime navigation

  • TAQA Group, EWEC price green bond

    The bonds were 1.8 times oversubscribed.

    The bonds, one of TAQA’s first forays into green financing, will refinance existing debt facilities of SPPC.

    TAQA is one of the largest listed integrated utility companies in the Europe, the Middle East and Africa.

  • Empower begins to operate a new cooling plant in Dubai

    Emirates Central Cooling Systems Corporation (Empower) has started operating the first phase of its new District Cooling plant in Za’abeel,...

    The total cooling capacity of the plant will be 50,000 RT upon completion

    It will be interconnected with the company’s existing district cooling plant in Dubai International Financial Centre (DIFC) to deliver total cooling energy of 112,000 RT

  • HP, UAE sign education MoU

    MoU aimed at enhancing cyber skills training in UAE schools.

    HP and the Cyber Security Council will launch various initiatives nationwide and expect to work with more than 500 students a year.

    The partnership with the Cyber Security Council has three separate elements that support schoolchildren, university students, and graduates.