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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.
  • UNWTO optimism to cheer up MENA tourism

    While the likes of Egypt, Morocco, Tunisia, and Jordan depend heavily on tourism for revenue, the UAE and Saudi Arabia...

    UNWTO Executive Director Zoritsa Urosevic has said that the ‘future is bright’ for the tourism sector

    Tourists ‘will come back’ and the industry will recover from the pandemic because it is ‘very resilient,’ she said

  • Spotify, Anghami vie for local talent in MENA

    Anghami is developing social features that will enhance the listening experience of friends and family members and create communities on...

    Anghami is developing social features that will enhance the listening experience of friends and family members and create communities on the platform

    In the MENA region, Spotify has come up with a local team that understands the needs of regional music creators and listeners

  • AWPT wins $52.17m Makkah contract

    The company will manage all components of Zamzam water well.

    The company will manage, operate, and maintain the project’s facilities, which include all components of the Zamzam water well

    The move comes in line with AWPT’s strategic plan and objectives as well as Vision 2030 to develop all aspects of water sector

  • UAE, Norway discuss cooperation, eye better relations

    The UAE and Norway have discussed cooperation in relations between the two countries, said local media reports. The UAE Minister...

    The two sides reviewed a number of issues related to the work program of the UN Security Council, which is chaired by the Kingdom of Norway this month.

    The UAE Foreign Minister and the Norwegian counterpart also discussed the developments of the COVID-19 pandemic and the efforts to contain the virus.

  • Investcorp acquires Resa Power

    Resa serves over 6000 clients across the US and Canada.

    Investcorp’s partnership with Resa will focus on continuing the Company’s organic growth, expanding geographically across North America.

    Resa provides maintenance and testing, systems integration, and related distribution services to clients across the renewables, commercial markets in North America.

  • DAFZ unveils “Talent Pass” license

    The Dubai Airport Freezone (DAFZ) has launched the ‘Talent Pass’ license for freelance work (self-employment).

    The initiative is expected to further vitalize the business environment in the free zone and strengthen Dubai’s position as a global destination for innovators and talent

    The ‘Talent Pass’ qualifies its holder to obtain a residence visa for three years

  • SCC’s committee endorses Sharjah Free Zones policy draft

    The Sharjah Consultative Council (SCC) has approved its recommendations on the policy of the Sharjah Ports, Customs and Free Zones...

    The meeting was chaired by Ali Mehd Al Suwaidi, Chairman of the Sharjah Consultative Council

    The members of the Council also discussed the provisions of the recommendations and addressed a number of topics

  • Dubai Free Zones Council mulls facilitating business bank accounts for SMEs

    A meeting of the Dubai Free Zones Council (DFZ Council) on Sunday discussed how to facilitate opening business bank accounts...

    These bank accounts will be facilitated in collaboration with the UAE Banks Federation.

    Council members also highlighted their readiness to support the Emirati Human Resources Development Council in Dubai, which DFZ Council joins as a member.

  • Study to look at green hydrogen alliance between UAE, UK

    A new research paper will explore potential green hydrogen collaborations between the United Arab Emirates and the United Kingdom.

    The report, sponsored by HSBC, will seek to uncover mutual opportunities to accelerate the development of the respective clean hydrogen markets of the UAE and the UK

    Research for the report will include stakeholder meetings and workshops to test and validate findings

  • Close to 1800 hybrid vehicles to join Dubai Taxi Corporation

    Dubai’s Roads and Transport Authority (RTA) has signed a contract for the procurement of 2,219 new vehicles to enhance the...

    The total number of hybrid vehicles in Dubai Taxi fleet jumps to 4,105 vehicles, which constitutes 71% of the total number of taxis operated by the DTC

    The Strategic Plan of the Dubai Taxi Corporation (2021-2023) encompasses 51 initiatives based on key pillars highlighted by increasing the market share of DTC taxis from the existi