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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.

Ajman Chamber presents Orient Insurance bundles to its members

Bundles cover health, car, travel, property and occupational injury insurance among others Chairman of the Chamber's Board of Directors reaffirms...

57% UAE workforce won’t survive financially in event of critical illness

A quarter of UAE employees would not last a month if laid off due to critical illness Critical illness cover,...

QRDI Council leads “Russia-Qatar Innovation Dialogue” at SPIEF

QRDI Council's 10-year strategy, QRDI 2030, aimed at creating create locally-empowered and globally-connected RDI ecosystem Council explains how RDI will...

Virgin Mobile to go carbon neutral in Middle East

The company is also auditing vendors and supply chain for compliance with fair trade manufacturing and ethical practices It has...

Luxembourg-UAE ties to expand beyond financial services: minister

At present, financial services form Luxembourg's biggest export to UAE Future economic ties to also focus on will space, fourth...

Dh1 million fine for money laundering: UAE

the ministry held an extensive media briefing on the system for combating money laundering The session also briefed attendees on...

Dubai property booms as wealthy buyers escape lockdowns

Credit goes to recent government reforms, attractive mortgage rates, a shift in demand due to Covid-19

Fellowship seeks applications from UAE youth

Initiative part of efforts to engage youth in Year of the 50th through practical opportunities Applications are accepted from UAE...

UAE assures cooperation with Latin America, Caribbean during UNSC membership

Ministers Reembint Ibrahim Al Hashemy and Omar Ghobash introduce the country's membership to GRULAC members UAE candidate for the Arab...

UAE to curb terror financing, money laundering in gold trading businesses

The companies were asked to speed up the amendment of their conditions to avoid penalties stipulated by the Federal Law...

EVs just the start, urban mobility needs a holistic approach

Cities must adopt EVs alongside shared transport, robust infrastructure, clean energy, and inclusivity, says Jamie Wylie, an urban mobility expert.

Company News

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TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

UN votes symbolically in favor of Palestinian membership

"I have stood hundreds of times before at this podium, but never for a more significant vote than the one...

Hezbollah says fighters killed after Israeli strike on south Lebanon

The Lebanese security source, requesting anonymity as they were not authorized to speak to the media, said that "four Hezbollah...

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Emirates CEO Sheikh Al Maktoum ‘not happy’ over Boeing aircraft delays

Dubai, United Arab Emirates -- The head of Dubai's Emirates airline urged Boeing on Tuesday to "fix" its problems, warning the...
  • Chairman and chief executive Sheikh Ahmed bin Saeed Al Maktoum said the delayed delivery was putting pressure on Emirates' existing fleet.
  • Emirates, already the biggest operator of 777 planes, has 205 777X on order, including a major purchase of 55 777-9 and 35 777-8 announced in November.

South Gaza hospitals have only three days’ fuel left: WHO

Despite international objections, Israel sent tanks into the overcrowded southern city of Rafah on Tuesday and seized the nearby crossing...
  • "The closure of the border crossing continues to prevent the UN from bringing fuel. Without fuel all humanitarian operations will stop," said WHO chief Tedros Ghebreyesus.
  • Tedros said Al-Najjar, one of the three hospitals in Rafah, was no longer functioning due to the ongoing hostilities in the vicinity and the military operation in Rafah.

flynas UAE expansion plan to increase number of routes, flights

Dubai, UAE -- flynas, the Saudi budget carrier, has announced expansion plans for the UAE from September this year, which...
  • The carrier unveiled expansion plans for the UAE on the sidelines of the Arabian Travel Market (ATM).
  • Starting September 2024, flynas will expand its operations to include Abu Dhabi, Sharjah, and Al Maktoum International (DWC).