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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.
  • Saudi Customs impound 8.3m amphetamine pills

    The Saudi Zakat, Tax and Customs Authority has made a large seizure of Captagon amphetamine pills at Jeddah Islamic Port,...

    The authority explained that the first consignment, which contained onions, was subject to customs procedures and examination through security techniques and police dogs

    Three people were arrested by the General Directorate of Narcotics Control

  • World’s first ‘experiential food & bar hall’ officially open

    A 20,000 ft space, the experiential, urban food and bar hall spans across the UAE’s iconic waterfront destination The Pointe.

    A 20,000 ft space, the experiential, urban food and bar hall spans across the UAE’s iconic waterfront destination The Pointe

    The venue, which seats 600 guests, and 1200 guests at full capacity, offers consumers an exceptional multi-sensory dining experience unlike any other

  • RAK International Airport is ops base for ActionFlight

    The overall deal is expected to help support Ras Al Khaimah’s strategic plans to expand its travel and tourism landscape.

    The collaboration is expected to see RKT become a hub for aerial experiences such as aerobatic flights, skydiving, and hot-air ballooning

    The agreement also means the airport will act as a base for Vertical, ActionFlight’s advanced pilot training program

  • Dubai saw real-estate deals worth $1.23bn this week

    During the week ending January 14, the transactions numbered 1,559, according to the Dubai Land Department.

    A total of 219 plots were sold for AED1.12 billion (around $305 million) in Dubai

    Meanwhile, 1,022 apartments and villas were sold for AED2.25 billion ($612.66 million)

  • ‘Google, Facebook OK’d pact’

    Suit says Big Tech giants hold online monopolies

    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

    According to the states' accusations, the online search colossus sought to oust competition by manipulating ad auctions

  • Saudi Arabia seeks to be regional mining force

    Saudi authorities seek to promote mining investments and increase its contribution to the GDP to meet the Saudi Vision 2030...

    Saudi Arabia aims to achieve 75 percent localization in the energy sector by 2030

    Saudi mineral wealth value is more than $1.3 trillion, including phosphate and bauxite minerals

  • Google buys $1bn London office

    It is buying the Central St Giles office site, where it is a tenant.

    Google, however, stressed it remained committed to new hybrid working patterns in the wake of Covid-19

    It said it would give the site a multi-million-pound overhaul for flexible working patterns, including outdoor work spaces

  • Way paved for launch of first Mideast Steigenberger Porsche Design Hotel

    Saudi Arabia's Tourism Development Fund has signed an MoU with Deutsche Hospitality, the umbrella brand of the German hotel company...

    Saudi Arabia's Tourism Development Fund has signed an MoU with Deutsche Hospitality, the umbrella brand of the German hotel company Steigenberger Hotels AG.

    Tourism Development Fund provides support to small, medium, and large enterprises and solutions tailored to suit the needs of investors.

  • Tibbiyah of Saudi Arabia to offer 5m shares through IPO

    Tibbiyah of Saudi Arabia that also goes by the name of the Arabian International Healthcare Holding will offer 5 million...

    The company’s capital is divided into 20 million shares

    The offer price will be determined before the subscription period, which will begin on Tuesday February 15 and will end on Thursday February 17

  • Indonesian student’s selfies fetch $1m in NFT sales

    Sultan Al Ghozali, a computer science student at a university, has taken a picture of himself sitting in front of...

    He intended to use the collection of nearly 1,000 selfies to create a timelapse video for his graduation day.

    After learning about blockchain technology, the 22-year-old decided to upload the photos to NFT trading platform OpenSea under the title "Ghozali Everyday"