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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.

Sono Motors, German start-up, to roll out solar car next year

The Sion, a five-person family car covered completely in solar panels, should enter into serial production in the second half...
  • The car, which boasts a battery range of 305 kilometers, is aimed at families as well as car sharing services
  • The large black Sion hatchbacks are covered with 456 solar cells which allow it to generate on average enough electricity over a week to power the car 112 kilometers

Saudi Crown Prince unveils designs for futuristic city The Line

Crown Prince Mohammed bin Salman bin Abdulaziz, and Chairman of the NEOM Board of Directors, Monday announced the designs of...
  • THE LINE is a civilizational revolution that puts humans first, providing an unprecedented urban living experience while preserving the surrounding nature
  • The designs of THE LINE embody how urban communities will be in the future in an environment free from roads, cars and emissions

Testing of Barakah Nuclear Plant’s last unit successful

The Emirates Nuclear Energy Corporation has successfully completed the Hot Functional Testing on Unit Four, the last of its four...
  • Emirates Nuclear Energy Corporation successfully completes Hot Functional Testing on the last of its four units of Barakah Nuclear Energy Plant
  • Results demonstrate that all systems perform in accordance with the highest quality and safety standards under normal operating conditions

Saudi Arabia signs Artemis Accords for space exploration

Saudi Arabia announced joining Artemis Accords, affirming its commitment to sustainable space exploration guided by a common set of principles...
  • Saudi Arabia is the 21st country and the fourth Middle Eastern nation to join the Accords
  • Artemis relies on an international coalition to achieve a historic vision for space exploration

Webb Telescope’s images contain new insights

The James Webb Space Telescope's first images aren't just breathtaking they contain a wealth of scientific insights and clues that...
  • Webb captured the signature of water, along with previously undetected evidence of clouds, haze and regions of star formation
  • Astronomers will use Webb to delve deeper into specifics about "planetary nebulae" like these, which spew out clouds of gas and dust

James Webb Space Telescope opens its eyes on the universe

Distant galaxies, bright nebulae, and a faraway giant gas planet are among the observatory's first targets.
  • Distant galaxies, bright nebulae, and a faraway giant gas planet are among the observatory's first targets
  • NASA chief Bill Nelson has promised the "deepest image of our Universe that has ever been taken."

AI set to play key role in fight against climate change

Most of the public and private sector leaders believe that Artificial Intelligence is a valuable asset in fight against climate...
  • Most of the public and private sector leaders believe that Artificial Intelligence is valuable asset in fight against climate change but insufficient expertize remains a challenge
  • A latest Boston Consulting Group report cited the limited availability of AI solutions as a roadblock. It also pointed to lack of confidence in AI-related data

Horseshoe crab vital for vaccine safety

Their bright blue blood has been essential for testing the safety of biomedical products since the 1970s, when it replaced...
  • Around 10 percent of the population is lost each year  as their exposed undersides bake in the Sun.
  • Every year around 500,000 horseshoe crabs are harvested and bled for a chemical called Limulus Amebocyte Lysate, vital for testing against a type of bacteria.

Metaverse can contribute $4bn to UAE economy

The Dubai Metaverse Strategy anticipates that 42,000 jobs will be virtualized through the metaverse by 2030 while also improving resident...
  • The Dubai Metaverse Strategy, which was recently announced, aims to raise the metaverse sector's contribution to the UAE's economy to $4b by 2030
  • Dubai companies like Emirates, Damac and others are already betting big on this world, and many more are expected to join the pack

Saudi-Italian space agencies ink pact on cooperation

The Saudi Space Commission and the Italian Space Agency sign a memorandum of understanding for enhancing cooperation in the field...
  • Saudi Space Commission, Italian Space Agency sign an MoU to enhance cooperation in space-related activities for peaceful purpose
  • Federation of Saudi Chambers and General Confederation of Italian Industry ink an MoU to establish a joint Italian-Saudi business council

Deaf boy can now hear after gene treatment

The US hospital which carried out the treatment said the milestone represents hope for patients around the world with hearing...

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UAE focuses on developing a national astronaut team

"Astronaut Sultan Al Neyadi is currently on the longest space mission in Arab history ... This mission has elevated the...

UAE and UN to boost climate action cooperation in run up to COP28

New York, US--The UAE and the UN have discussed joint cooperation and partnership on government experience exchange, global climate action...

UAE and Egypt to boost cooperation in higher education, scientific research

Cairo, Egypt-- The UAE and Egypt are looking to ramp up cooperation in the fields of higher education and scientific...

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Almost the entire world is experiencing record heatwaves

Record heat is forecast around the world from the United States, where tens of millions are battling dangerously high temperatures,...
  • Authorities in many countries have been sounding the alarm, advising people to avoid outdoor activities in the daytime and to be wary of dehydration.
  • Scientists insist global warming - linked to dependence on fossil fuels - is behind the intensification of heat waves in the world.

India launches an unmanned spacecraft to land on Moon

India launched a rocket carrying an unmanned spacecraft to land on the Moon, its second attempt to do so as...
  • "Chandrayaan-3... has begun its journey to the Moon. Health of the spacecraft is normal," the Indian Space Research Organization said on Twitter.
  • The world's most populous nation has a comparatively low-budget aerospace program that is rapidly closing in on the milestones set by global space powers.

Yahsat to invest US$100m

It is for capital expenditure of T4-NGS satellite program.
  • The program, the next-generation telecommunications system for Thuraya, is scheduled to begin operational service in H1 2025.
  • The total cost of the program is up to $550 million, including manufacturing, launch, insurance and new ground infrastructure.