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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 officials seize a big haul of drugs at border

    Saudi officials of the Zakat, Tax and Customs Authority (ZATCA) have seized more than 2.1 million Captagon pills at Haditha...

    In the first attempt to smuggle in some 467,441 Captagon pills, the smuggler hid them in the cavity of one of the trucks coming through the point

    The officials said that they have arrested 12 people in connection with the smuggling bid

  • Iran, Turkmenistan, Kazakhstan sign MoU on railway cooperation

    The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states.

    The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states

    The MoU stipulates that a joint working group be formed to oversee the growth of cargo passing through the transit route

  • Saudi index falls significantly while UAE market diverges

    Stock exchanges in the GCC region saw quite a few ups and downs this week.

    The Saudi index faced a significant fall this week, the first since October 2020, due to military struggles with Yemen

    With Al-Rajhi Bank missing 4.5 percent and Saudi Arabian National Bank dropping 3.7 percent, the Saudi index fell 2.7 percent on Monday

  • GCC region at the heart of the future of esports: GMIS

    Hosted by the Global Esports Federation (GEF), the event was part of the GMIS Week that runs from 22 to...

    Hosted by the Global Esports Federation (GEF), the event was part of the GMIS Week that runs from 22 to 27 November at Expo 2020’s Dubai Exhibition Centre

    Dr Khizer Kaderi, Member of the GEF Health & Wellness Commission, defined the metaverse as a confluence of physical and digital worlds

  • Apple’s iPhone prices bite in Turkey despite Black Friday

    Persistent double-digit inflation and the weakness of the Turkish currency has eroded the purchasing power of Turkish consumers, leading to...

    The lira has lost 38 percent in value against the dollar since the start of 2021, surpassing 13 to the dollar at one point earlier this week

    Certain Apple devices were 25 percent more expensive than usual on Friday -- with some increases worth more than the local minimum wage

  • Masdar to build Armenia’s largest solar plant on DFBOO basis

    Masdar, a renewable energy company and a subsidiary of Mubadala Investment Company, will build a 200-megawatt solar photovoltaic (PV) plant...

    The plant will span over 500 hectares and will create a large number of direct and indirect jobs.

    The project company will be 85 percent owned by Masdar and the rest by the Armenian National Interests Fund.

  • UAE reviews measures to counter money laundering

    Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, chaired a meeting of the Higher Committee...

    The UAE has been working closely with the Financial Action Task Force (FATF) to ensure the UAE’s legal, regulatory and operational standards meet global standards

    The Committee also reviewed progress made by the UAE in recent months, set out in the UAE’s latest progress update to FATF

  • Dubai introduces ‘electronic notary public’ after amending the law

    Dubai has introduced an automated system that performs the duties of the notary public without human interference and does away...

    The automated notary public has been introduced as part of Dubai’s smart government transformation.

    Companies providing notary public services are now required to inform Dubai Courts about licensed individual notaries public working in the company.

  • Tips to consider before starting a new business

    With the Covid-19 pandemic leading people to start their own businesses, a good beginning could make all the difference.

    While it is feasible to start a business with limited resources, there are always obstacles to overcome

    Over 65 percent of businesses fail within 10 years, and approximately 20 percent within two years

  • Dubai and Abu Dhabi to vie for Gulf Capital’s offering

    Gulf Capital, a UAE-based financial institution, has added Abu Dhabi and Dubai to the list of potential markets for the...

    Gulf Capital bets on growth in Asia to outperform US and European markets

    The UAE-based institution manages more than $2.5 billion worth of assets