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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.

  • Dubai eyes top global livability spot

    DET and HSBC Bank Middle East have signed a Memorandum of Understanding (MoU), paving the way for increased cooperation in...

    Under the terms of the agreement, DET and HSBC will promote to HSBC customers and employees the unparalleled quality of life in Dubai

    The MoU was signed by Issam Kazim, Chief Executive Officer, Dubai Corporation for Tourism and Commerce Marketing; and Abdulfattah Sharaf, CEO of HSBC UAE

  • Production capacity of Al Maktoum Solar Park’s fifth phase up by 30MW

    The production capacity of the first project of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park...

    The increased production results from using the latest solar photovoltaic bifacial technologies.

    The 900-megawatt fifth phase, with investments of AED 2.058 billion, is 60 percent complete.

  • Securrency Capital picks advisor

    Ryan Lemand has joined the brokerage as a board advisor.

    Lemand holds a PhD in financial econometrics, and is the author of two books on financial contagion

    Securrency Capital is a blockchain-enabled brokerage providing access to trading in traditional and digital assets

  • GCC markets remain mixed amidst Omicron woes

    Despite an increase in Omicron cases across the world, investors remain confident in the Saudi stock market. The UAE markets,...

    The volume of traded shares on Tadawul reached 197 million through more than 340,000 deals

    Stock markets in the UAE ended in the red on Friday, mirroring weakness in Asian peers

  • No suspension of flights, says Iraq’s civil aviation authority

    "There is no suspension of flights in accordance with the instructions and directives", an official confirmed.

    The Supreme Committee for National Health and Safety issued several decisions, including instructing departing and arriving travelers

    The Aviation Authority will notify the companies of presenting the international vaccination card for departures and arrivals with a (PCR) examination (72) hours before the flight

  • Residential areas in focus as real estate prices surge in Kuwait

    The real estate housing price rose in Kuwait last year, where investors focused on Kuwaitis' residential areas dealing in uninhabited...

    Some residential districts, mainly inhabited by citizens, witnessed more than 35 percent rise in rates of the plots, leading to record growth of property assets

    The investors sold 375-square-meter houses in Kuwaiti's residential districts such as Al-Khaldiya and Al-Yarmouk in May at a profit of $300,000 in May

  • Iran, Syria to establish joint free zone, joint bank

    Qasemi, who headed a high-ranking delegation to Syria, met with senior officials from Syria.

    The decisions for the establishment of the mentioned entities were made during a three-day visit of the Iranian minister to Syria

    Iranian Transport and Urban Development Minister Rostam Qasemi announced a joint committee is set to be formed between Iran and Syria

  • S&P affirms Kuwait credit rating at A+ with negative outlook

    "The government has almost exhausted the General Reserve Fund's liquidity", said the rating agency.

    It argued that despite higher oil prices and production levels, Kuwait's central government deficits are set to average 12 percent of GDP

    It, however, noted that it could revise the outlook to stable if the government successfully addresses Kuwait's existing fiscal funding constraints

  • DEWA honors suppliers for ‘commitment to highest standards’

    In a virtual ceremony, Dubai Electricity and Water Authority (DEWA) has recognized 41 of its suppliers for their commitment to...

    The suppliers were honored in the Strategic, Principal, and Main supplier categories

    The suppliers said that DEWA provides many opportunities to them according to the highest standards of integrity and transparency

  • Google and Facebook chiefs made ‘illegal’ deal: US court documents

    Top bosses of Google and Facebook were directly involved in approving an allegedly illegal 2018 deal to cement their dominance...

    The records, part of an anti-trust lawsuit by a coalition of US states targeting Google, make serious allegations against Big Tech giants long accused of holding monopolies

    It was the third time the suit was amended, and did not list Facebook or its parent company Meta as defendants