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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.
  • Shunned by youth, Morocco cosmetic oil craft faces uncertain future

    A dozen women, sitting on the floor of a workshop inland from Essaouira, a port town on Morocco's Atlantic coast,...

    Morocco produces around 5,640 tonnes of argan oil annually, according to official figures, around 40 percent of it for export

    Argan is so important to the region between the towns of Essaouira and Agadir that in 1998 UNESCO declared a biosphere reserve in the area

  • UNESCO praises Saudi Arabia for its success in e-education governance

    RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization (UNESCO) has praised the achievements of Saudi Arabia...

    UNESCO said that Saudi Arabia's National E-Learning Center is an example to be followed at the international level.

    The National E-Learning Center supports the development of governance procedures in the electronic education and training sector.

  • European gas prices fall to lowest level since record high in 2022

    A mild winter has enabled countries to tap less gas from stocks that were built up in anticipation of cuts...

    Gas exports by Russian energy giant Gazprom to the European Union and Switzerland fell by 55 percent last year, the company said Monday.

    Europe was previously Gazprom's main export market but supplies have been drastically reduced because of sanctions following Russia's offensive in Ukraine in 2022.

  • Transport employees in Tunisia stop work citing late salary

    TUNIS, TUNISIA - Tram and bus workers in the Tunisian capital staged a strike over delays in salaries and the lack...

    The strike is the latest in a string of similar actions as Tunisia grapples with a grinding economic crisis

    The North African nation is struggling with debts of more than 100 percent of gross domestic product

  • Regional maritime sector event to be held in the UAE

    DUBAI, UAE -  Seatrade Maritime Logistics Middle East (SMLME) is set to take place from May 16 to 18 2023,...

    The region’s maritime sector will come together and discuss a wide range of topics concerning the industry's future.

    The event’s relevance to the sector and its potential impact on the region’s economy has helped it gain the support of major industry players.

  • Abu Dhabi introduces Mobile BSL-3 Laboratory

    ABU DHABI, UAE - Abu Dhabi Public Health Center (ADPHC) has introduced the first of its kind mobile BSL-3 (Biosafety...

    The BSL-3 mobile laboratory will enhance the UAE capital's infectious disease preparedness through swift, safe and accurate testing of communicable diseases.

    The mobile laboratory will be accessible across four sites in Abu Dhabi.

  • UAE and Azerbaijan pledge to enhance ties ‘across all fields’

    Abu Dhabi, UAE-- The UAE and Azerbaijan have reviewed bilateral relations between the two countries and pledged to deepen ties...

    The two top diplomats reviewed prospects for cooperation between the two countries in a number of sectors

    Bayramov stressed the depth of the UAE-Azerbaijan relations and his country's aspiration to enhance and develop joint cooperation with the UAE at all levels

  • Canada’s ban on foreign homebuyers comes into effect

    Many experts have also said the ban on foreign buyers -- who accounted for less than five percent of home...

    Several exceptions in the act allow individuals such as refugees and permanent residents who are not citizens to buy homes

    Canada Mortgage and Housing Corporation -- the national housing agency -- said in a June report that close to 19 million housing units will be needed by 2030

  • More than 45,000 migrants made Channel crossing to UK last year

    Migrant issue has become a huge political problem for the Conservative government, which has promised to bring down illegal immigration...

    In total, 45,756 people made the dangerous small-boat crossing of one of the world's busiest shipping lanes last year, compared with 28,526 in 2021

    The last year also saw the highest ever single-day total of migrants making the crossing, with 1,295 making the journey on August 22

  • Qatar Financial Centre manages assets worth US$28.3bn: CEO

    Doha, Qatar-- Qatar Financial Centre (QFC) is managing assets worth $28.3 billion and has more than 1,500 local and global...

    Al Jaida said that QFC has accelerated the growth of its works in alignment with the evolution of the Qatari economy which became diverse and dynamic

    He noted Qatar's efforts are currently focused on building a sustainable, modern and responsive economic system that contributes to enhancing economic diversification