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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.

  • Bahraini imports increase by 18 percent in Q4 2021

    The value of Bahraini imports increased by 18 percent in the fourth quarter of 2021, reaching BD1.406 billion, the Information...

    The top 10 countries accounted for 71 percent of the value of imports, with the remaining countries accounting for 29 percent, Bahraini media reports said.

    The value of exports of national origin increased by 99 percent to BD1.192 billion during the fourth quarter of 2021.

  • ADDED lays down strict rules on ‘hazardous materials’

    ADDED has directed commercial and industrial facilities in the Emirate to license warehouses of hazardous materials away from their headquarters...

    ADDED has directed commercial and industrial facilities in the Emirate to license warehouses of hazardous materials away from their headquarters

    Special requirements, in line with criteria and stipulations of regulatory government entities were introduced

  • Saudi energy minister says OPEC+ is independent

    Prince Abdulaziz bin Salman, Saudi energy minister, has remarked that the OPEC+ group is independent and against any external interference...

    Prince Abdulaziz pointed out that the OPEC+ policy has succeeded in providing the oil market with the supplies it needs at all times

    Its decisions have come against a backdrop of pressure from countries such as the US, which want oil production drastically increased to tackle rising prices

  • Citi to sell SE Asian biz for $3.6 bn

    Singapore's United Overseas Bank will buy the franchises

    The total price of the Singapore's United Overseas Bank acquisition is Sg$4.9 billion ($3.6 billion).

    As part of the deal, around 5,000 Citi employees are expected to transfer to UOB, the lenders said.

  • Football transfer values hit 5-year low in 2021: FIFA

    A total of 18,068 transfers were registered, against 17,190 in 2020, a rise of 5 percent. The top 10 transfers...

    Spending on transfer fees was $4.86 billion, down 13.6 percent from 2020 and 33.8 percent from the record levels of 2019

    Players from France accounted for the highest amount of spending, with $643 million, displacing Brazil from the top spot

  • Moody’s ranks QIIB ‘stable’

    It has also has assigned the Qatari bank an A2 rating.

    Moody's said the rating reflects the bank’s position as one of Qatar's leading Islamic financial institutions

    It added that the financial institution has solid asset quality, profitability, liquidity, and capitalization

  • Bitcoin mining for all

    Block is building a system to mine bitcoin.

    Block changed its name from Square late last year to denote a broader mission that includes blockchain and economic empowerment

    Hardware and software teams at Block will openly collaborate with the cryptocurrency community outside the San Francisco-based company

  • China wants greater GCC role in global, regional affairs

    GCC Secretary-General Naif Falah Al-Hajraf and Chinese State Advisor and Minister of Foreign Affairs, Wang Yi, also agreed on a...

    In a joint statement, the Chinese side is said to have praised the GCC’s achievements since its inception 40 years ago

    The two sides concurred on the completing negotiations on the free trade agreement between the GCC and China as soon as possible

  • Despite culture, MENA coffee business still nascent

    The region’s coffee market growing rapidly creates new business opportunities, says Ali Al-Ebrahim, founder and CEO of COFE.

    Coffee consumption in MENA has experienced a massive shift, with sales growing at twice the global average

    Coffee has been at the heart of Middle Eastern culture for centuries

  • Climate change worsening toll on outdoor workers: Study

    Researchers in the United States, who estimated the current cost at $2.1 trillion every year, said the effects of stifling...

    The researchers looked at data on humid heat — particularly dangerous because the body is less able to cool down by sweating

    The study, published in the journal Environmental Research Letters, said around 677 billion work hours are lost a year to humid heat