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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.

  • UAE, European Union discuss ways to boost cooperation

    The meeting was hosted at the UAE Ministry of Finance’s headquarters in Abu Dhabi.

    The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration

    This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.

  • Al Dhafra Festival kicks off in Abu Dhabi

    The festival is organized by the Cultural Program and Heritage Festivals Committee, and will run till January 22.

    The festival features 313 camel runs and this new edition of the event includes the launch of the Bairaq Al Emarat Award for Asayel and Majahim camel breeds

    Coinciding with the UAE’ Golden Jubilee Celebrations, the Festival's activities now run from 28th October, 2021, to 22nd January, 2022

  • Morocco’s GDP expected to grow by 3.2 percent in 2022: World Bank

    The World Bank’s Global Economic Prospect reported on Tuesday that Morocco’s GDP is expected to grow by 3.2 percent in...

    Output in 2023 is projected to remain about 5 percent smaller than expected before the pandemic, the World Bank notes.

    The agricultural output returns to historical averages after the extraordinary performance of the primary sector in 2021, a WB report said.

  • UAE, European Union discuss ways to boost bilateral cooperation

    The UAE and the European Union discussed ways of boosting bilateral cooperation between them to achieve mutual benefit across various...

    The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration.

    This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.

  • Dana Gas, Crescent Petroleum report record sales gas production

    Dana Gas and its partner Crescent Petroleum have reported record sales gas production from their operations in the Kurdistan Region...

    Dana Gas and Crescent Petroleum jointly operate the Khor Mor and Chemchemal gas fields on behalf of the Pearl Petroleum consortium.

    The production milestone is the culmination of numerous process improvements at the Khor Mor gas plant, including a bypass project.

  • Saudi Arabia and Tunisia sign energy agreement

    The MoU encourages holding joint seminars and training courses on renewable energy, energy efficiency and conservation.

    The MoU covers the fields of renewable energy, energy efficiency and conservation, and includes cooperation on management of renewable energy

    The MoU aims at exchanging information and expertise between the two countries in these areas through related research and studies as well

  • Saudi-Emirati Council meets to discuss economic ties

    The UAE hosted a meeting of the Finance and Investment Committee of the Saudi-Emirati Coordination Council to discuss financial and...

    From the UAE, Younis Haji Al Khoori, Under-Secretary of Ministry of Finance, chaired the meeting alongside senior officials from MoF

    From Saudi Arabia, Abdulaziz Al Rasheed, Assistant Minister of Finance for International Financial Affairs and Macro-Fiscal Policies chaired the meeting

  • Saudi Aramco and Hungary’s MOL to buy Polish oil assets

    Poland's state-owned refiner PKN Orlen announced Wednesday plans to sell oil assets to Saudi Aramco and Hungary's MOL in order...

    PKN Orlen to sell oil assets to Saudi Aramco and Hungary's MOL in order to meet EU conditions for its merger with domestic rival Grupa Lotos.

    Saudi Aramco will buy a stake in Lotos's refinery and MOL will purchase several hundred Lotos petrol stations to fulfil the conditions.

  • Mining third pillar of Saudi economy, ripe with opportunities: PIF governor

    The mining sector is the third pillar of Saudi Arabia's economy and the kingdom has enormous natural resources and offers...

    PIF considers mining one of the main strategic sectors to realize the Saudi Vision 2030 goals, says Yasir bin Othman Al Rumayyan.

    Saudi Arabian Mining Company (Ma'aden) has doubled its revenues to become a world-class operator, he said.

  • Abu Dhabi University earns 5 star rating for online learning

    Abu Dhabi University (ADU) has earned the highest rating of 5 stars by Quacquarelli Symonds - QS Stars Rating for...

    The ADU has achieved an overall score of 95 percent in the Online Learning category

    The university integrated modern technologies into its curricula, including virtual reality (VR), augmented reality (AR) and 3D technology