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Company News

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.

Al Saqr names chairman of board

The insurance firm made a slew of new appointments.

Vodafone Qatar unveils enhanced IoT fleet management solution

Updated features enable businesses to optimise customer services, increase operational efficiencies and reduce costs

Turkish Airlines increases daily flights from Dubai

The airline launches a promotional campaign that will be available until June 18  

Madayn announces new incentives to boost investment in Sur Industrial City

Board of Directors also approved the project to establish an integrated workforce township 

Saudi Aramco tops Forbes Middle East’s list of top 100 firms

Market value of the 100 companies stands at $3 trillion, 93 percent witness increase in their market value

Fakhri Hindiyeh is GM Grand Swiss-Belhotel in Bahrain

Hindiyeh has over 15 years of  experience in managing 5-star hotels The newly opened Grand Swiss-Belhotel Waterfront Seef is the...

Saudi Arabia: NHC launches new training program for engineers

The initiative, called the Wa’ed program, is aimed at training newly graduated Saudi engineers  It will offer them professional opportunities...

Berain Water of Saudi Arabia ropes in Samba for IPO

The offering could be as much as 30 percent of stake in the company Riyadh-based Berain is one of Saudi...

Kenana Dahlan is head of Edelman Saudi ops

Dahlan has a decade of experience working in strategic communications Her previous roles include in-house positions at King Abdullah University...

Saudi Chemical, GlaxoSmithKline enter into $27m manufacturing deal

New partnership would help create more jobs for Saudis in the Kingdom’s pharmaceuticals sector The partnership is in keeping with...

ADX lists US$1 billion bonds issued by Abu Dhabi Ports

The 10-year bonds, with a primary listing on the London Stock Exchange, rated A+ (stable) by both S&P and Fitch ...

Apple to appeal US watch ban

The company contends that the ITC finding was in error.

Latest News

Agthia Group launches Agthia Ventures

New firm is a $54 million corporate venture capital fund.

Maaden acquires 9.9% stake in Ivanhoe

It also completes conditions for a joint venture.

Yahsat to invest US$100m

It is for capital expenditure of T4-NGS satellite program.

Most Read

Taaleem nine-month revenue up 30.3%

The revenue for the period ended May 2023 reached $193m.
  • Taaleem's net profit grew marginally by 1 percent YoY to reach 28.2 percent, while the like-for-like net profit margin saw a 2.4 percent YoY improvement.
  • The growth in net profit is primarily attributed to the operational efficiency and increasing enrollment in the company's Premium schools portfolio.

KEZAD Group, GFCF ink deal

GFCF will triple its production after setting up its Phase II in Musasafah.
  • Four more chemical products will be added to GFCF's product mix with the opening of the second phase of the factory.
  • GFCF's processes minimize water waste, and the production unit will incorporate heat recycling, aligning with KEZAD Group's sustainability goals.

4 bids for Al Ajban power project

There will be a process to select the best proposal.
  • Al Ajban Solar PV is EWEC’s third world-leading solar power project.
  • Abu Dhabi is home to world’s three largest single-site solar power plants.