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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.
  • GCC Standardization Organization announces Training Plan for 2023

    RIYADH, SAUDI ARABIA - The Gulf Cooperation Council (GCC) Standardization Organization (GSO) has announced its training plan for 2023 in...

    The 2023 training plan aims at contributing to developing cadres in the national standardization agencies in the member states.

    He said that the GSO will organize 15 training programs and workshops in a number of the cities in the GCC.

  • Jordan, EU sign two financing agreements worth US$69m

    AMMAN, JORDAN  - Confirming its role as one of Jordan’s main supporters, the European Union (EU) on Sunday signed two...

    The first is financing a US$42 million program in support of Jordan's Ministry of Justice, Judicial Council, Judicial Institute and Public Security Directorate.

    The second US$27 million contributes to the "Green Growth" program from the Food and Resilience Facility.

  • DEWA commissions 17 transmission substations worth US$871m in 2022

    DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) inaugurated 17 new substations in 2022.These include fifteen 132kV stations with...

    The transmission substations include 15 132kV stations with a conversion capacity of 2,280 megavolt amperes (MVA) and two 400kV stations with a conversion capacity of 4,000 MVA.

    DEWA installed 5km of 400kV overhead transmission lines and 247km of 132 kV ground cables to connect the substations to the main transmission network.

  • Jordan and Arab League discuss ways to boost communication ties

    Amman, Jordan-- Jordan and the Arab League have discussed ways to deepen coordination on communications. Minister of Government Communication Faisal...

    Faisal Shboul of Jordan noted the "importance" of cooperation between Jordan and the Arab League regarding strengthening and developing the joint Arab media framework

    Ahmed Khattabi of the Arab League praised Jordan's hosting of Arab media forums and meetings through coordination and consultation with the media and communication sector

  • Syria hunger rates soar to record highs after decade of war: WFP

    Hunger rates in Syria have escalated to record highs after more than ten years of brutal conflict, according to the...

    The UN agency said child and maternal malnutrition are also "increasing at a speed never seen before," in more than a decade of war

    According to WFP executive director David Beasley, if the international community does not step up to help Syrians, it risks facing "another wave of mass migration,"

  • An effective governance, risk and compliance system need of the hour, says UAE’s cybersecurity head

    There is a close link between cybersecurity and GRC and innovation plays a key role in governance systems. Organizations must...

    There is a need to establish an effective governance, risk, and compliance system as a fundamental requirement for a strong cybersecurity strategy, says a UAE official

    Organizations must first establish a GRC system in order to achieve cybersecurity objectives and create a secure working environment, adds Mohammed Hamad Al-Kuwaiti

  • Dubai is the new destination wedding choice for couples

    DUBAI, UAE- Dubai is fast emerging as the city of choice for destination weddings, with a growing number of event...

    This is in line with the efforts aimed at boosting the emirate's stature as a perfect place for living, work and visit, and a global destination for weddings

    Globally, people are choosing Dubai to celebrate not only weddings, but also milestone celebrations and personal occasions

  • Tourism in Iraq can be a success, says First Deputy Speaker of Parliament

    BAGHDAD, IRAQ -  First Deputy Speaker of Parliament Mohsen Al-Mandalawi said that the tourism sector in Iraq has all the...

    Tourism in Iraq can be successful, says First Deputy Speaker of Parliament.

    The First Deputy Speaker met with the Association of Travel and Tourism Companies in Iraq.

  • UAE takes part in G20’s first Health Working Group meeting

    NEW DELHI, INDIA -   The UAE participated in G20'S first health working group session held in India from January 18...

    The aim of the meeting was to discuss the priorities for the health track within G20 under the Indian presidency this year.

    It will also focus on access to safe, effective, quality and affordable medical countermeasures.

  • Key US inflation gauge slows in December while spending falls

    The tightening measures are showing effect, with the Fed's preferred inflation gauge, the personal consumption expenditures (PCE) price index rising...

    The Federal Reserve has hiked the benchmark lending rate seven times last year, with an aim to ease demand as inflation surged

    The indicator ticked up 0.1 percent from November to December, as prices for goods decreased 0.7 percent and energy costs dropped 5.1 percent, said the report