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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.
  • UAE energy minister, Romanian counterpart discuss cooperation

    ABU DHABI, UAE -  UAE Minister of Energy and Infrastructure and Romanian Minister of Energy discussed ways to enhance cooperation...

    The UAE and Romanian ministers discussed importance of international cooperation to address climate change.

    The ministers discussed ways and means to develop cooperation between the two countries

  • Tunisians protest against government as economy deteriorates

    Hundreds of Tunisians, including supporters of the Islamist-inspired Ennahdha party, marched Saturday after opponents of President Kais Saied called for...

    "The people want what you don't want. Down with Saied," chanted the activists, including supporters of the Islamist-inspired Ennahdha party

    Saturday's protests were staged in the capital Tunis by two different opposition groups and were held far apart with a heavy police presence

  • Masdar inks pact with 4 Dutch firms for exporting green hydrogen from Abu Dhabi

    ABU DHABI,  UAE - Masdar signed an agreement with four Dutch companies to explore the development of a green hydrogen...

    Masdar, , one of the world’s leading clean energy companies, inked an agreement with Port of Amsterdam, SkyNRG, Evos Amsterdam and Zenith Energy.

    Green hydrogen is produced with green electricity from renewables like wind or solar, in a process that separates water into oxygen and hydrogen via electrolysis.

  • Europe will return to Russian gas, says Qatar energy minister

    ABU DHABI, UAE - European countries will eventually resume higher imports of Russian gas, Qatar's energy minister and gas company...

    Russian gas exports to Europe plunged after Moscow's invasion of Ukraine.

    A mild winter has spared European countries from having to plunder their gas stockpiles.

  • UAE COP28 President Sultan Al Jaber urges focus on emissions

    Abu Dhabi, UAE--The president of this year's COP28 climate talks, who heads one of the world's biggest oil companies, on...

    Sultan Al Jaber said less-polluting fossil fuels would remain part of the energy mix, along with renewables and other solutions

    He said the UAE, which will host COP28 in Dubai in November and December, approached the task with "humility, a clear sense of responsibility and a great sense of urgency"

  • UAE provides ‘conducive environment for cooperation’ between fossil fuel providers and climate activists

    "The [energy] landscape in 2023 will have much of the same volatility we've seen in 2022. The difference is the...

    The UAE is not only one of the world's most important fossil fuel producers, but also one of the most important pioneers in renewables through Masdar, says Atlantic Council chief

    "The fossil fuel producers know they've got to deal with climate. They're putting billions of dollars into doing it, and climate activists are becoming more pragmatic," he adds

  • MENA professionals eye new skills, better prospects

    Despite the challenges of the digital transition in some MENA countries and the rising unemployment, about 90% of professionals in...

    Despite the challenges of the digital transition in some MENA countries and the rising unemployment, about 90 percent of professionals in the region remain enthusiastic about 2023.

    After the pandemic, most employees have high hopes that remote hiring will grow in the coming years and prefer working for businesses that provide some degree of remote work

  • UAE, UK sign agreement to cooperate in the energy sector

    ABU DHABI,  UAE - UAE Ministry of Energy and Infrastructure signed a Memorandum of Understanding (MoU) with UK Department for...

    The agreement aims to exchange information, knowledge, expertise and studies in the field of energy

    The MoU aims to enhance strategic and technical cooperation in the energy sector, develop renewable energy technologies including regulatory frameworks and incentives.

  • Gulf markets, except Kuwait and Qatar, end higher

    The Saudi market's general index, TASI, rose 1.19%, Dubai Financial Market 0.47%, Abu Dhabi Stock Market Vadax 15 index 0.133%...

    Fifteen sectors rose on the Saudi Stock Exchange, led by banks at 2.37 percent, capital goods 1.64 percent, energy 0.93 percent.

    In the Dubai Stock Exchange, the industry sector increased by 1.2 percent, followed by the real estate sector by 0.9 percent, the consumer goods sector by 0.44 percent,

  • Global conference on Pharmaceutical Technologies concludes in Dubai

    DUBAI, UAE - The 28th edition of the Dubai International Pharmaceutical Technologies Conference and Exhibition (DUPHAT) 2023 concluded. The three-day event,...

    The largest-ever edition of DUPHAT, the 2023 event brought together more than 1,100 exhibiting companies.

    The event also discussed on how countries in the region can collaborate to enhance partnerships in the pharmaceutical industry.