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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.

  • Egypt to levy 10% customs tax on import of mobile phones

    Egypt has decided to levy a ten percent customs tax on the import of mobile phones in order to promote...

    Egypt’s Minister of Finance explained that the amendments aim to encourage investment, maximize production facilities

    The amendment of some categories of customer tariffs comes in light of the conclusions reached by the Higher Council of Customs Tariffs in Egypt

  • Multiply Group to list on ADX

    Listing opportunity for investors to invest in disruptive technologies.

    Multiply Group will become the eighth IHC subsidiary to list on the ADX in less than a year.

    The group has Multiply has assets of AED8.16 billion ($2.2 billion) and 3,240 employees.

  • Qatar affirms its commitment to WTO agreements

    Qatar has affirmed its commitment to the principles and agreements of the World Trade Organization (WTO), and praised the body's...

    During the meeting in Geneva the two sides discussed ways to enhance bilateral cooperation and support the ongoing negotiations within the framework of the organization

    The minister stressed Qatar's commitment to the principles and conventions of the World Intellectual Property Organization

  • Pfizer already working on Covid vaccine targeting Omicron: CEO

    Bourla likened the situation to the scenario earlier this year when Pfizer and its German partner BioNTech developed a vaccine...

    Bourla likened the situation to the scenario earlier this year when Pfizer and its German partner BioNTech developed a vaccine in 95 days against Delta which was not used

    On Monday, the World Health Organization warned the new Covid-19 Omicron variant poses a "very high" risk globally

  • Twitter gets new CEO

    Parag Agrawal named to the post as Jack Dorsey resigns.

    Twitter's chief technology officer Parag Agrawal has replaced Jack Dorsey as CEO

    Dorsey has said he would remain a member of the board until around May next year to help with the transition

  • Marka Group’s bankruptcy a lesson for GCC firms?

    Barry Greenberg, Of Counsel at BSA Ahmad Bin Hezeem & Associated, breaks down what a landmark bankruptcy ruling means for...

    The Marka Group ruling has brought into sharp focus the bankruptcy laws prevalent in the GCC countries in general and the UAE in particular

    They have also spurred calls for reform in the local bankruptcy laws, so that investors or the company don’t lose value

  • Multiply Group to list on ADX

    Multiply Group has assets of AED 8.16 billion and 3,240 employee

    The group’s listing on ADX will offer investors the opportunity to invest in the field of disruptive digital technology and other key industries

    The company’s combined portfolio strikes a balance between companies that generate recurring income and high-growth businesses

  • Saudi motorsports chief says F1 debut is ‘signal’ to the world’

    The newly built venue in Jeddah is all but completed ahead of Sunday's night race just over a year after...

    The newly built venue in Jeddah is all but completed ahead of Sunday's night race just over a year after Saudi Arabia was announced as the wealthy Gulf region's latest F1 host

    Formula One is part of a campaign to show a friendlier face as the world's top oil exporter tries to attract foreign businesses and diversify its economy

  • UAE seeks to diversify economy beyond oil

    With little oil but the most diversified economy in the Gulf, Dubai has gone from a fishing village to a...

    With an economy second only to Saudi Arabia in the Gulf, the Emirates is one of the easiest countries in the world to do business, according to the World Bank

    But having diversified its economy over the decades, it relies less and less on petrol, with revenues now making up only 30 percent of its GDP

  • Emirates Stallions acquires stake in WFC

    Acquisition aimed at diversifying Emirates Stallions' business.

    WFC’s main revenue drivers are Real Estate, Retail, Aerospace, Defense, Government, Education, Technology, Manufacturing, Hospitality, and F&B.

    Emirates Stallions Group is present in 20 markets and has assets of AED555 million as of the end of Q2 2021 and over 3,000 employees.