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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.
  • Sharjah Chamber organizes forum, briefs Russian delegation

    The Sharjah Chamber of Commerce and Industry (SCCI) has organized a forum to discuss ways to boost economic ties and...

    The forum witnessed bilateral meetings between business owners from Sharjah and Russia.

    The chamber briefed the Russian trade mission on Sharjah’s business advantages and facilities.

  • Qatar goes into top gear to ready luxury hotels, flats

    As the countdown to the start of the World Cug gets underway, Qatar has accelerated efforts to ready luxury hotels...

    The wealthiest will pay thousands of dollars a night for rooms with marble wine cellars and a lobby with one of the world's biggest chandeliers

    Some Qatari landlords are trying to cash in on the World Cup, demanding $4,000-plus a night for Doha apartments

  • World Bank declares $530mn aid for Ukraine’s ‘urgent needs’

    "The toll of destruction, damage, and dislocation in Ukraine is staggering and continues to grow," Anna Bjerde, the bank's regional...

    The new funding came on the same day Russian President Putin formally announced the annexation of four Moscow-held areas of Ukraine.

    The bank said it had already mobilized almost $13 billion in emergency funding for Ukraine, $11 billion of which had already been disbursed.

  • ‘Nord Stream 2 pipeline has stopped leaking gas’

    The Nord Stream 2 pipeline is no longer leaking under the Baltic Sea because an equilibrium has been reached between...

    While the pipelines are not currently in operation, they both still contained gas before they fell victim to apparent sabotage, producing four leaks.

    All the leaks are in the Baltic Sea off the Danish island of Bornholm.

  • Dubai Metaverse Assembly takes delegates to Mars

    Participants were taken on an immersive space journey to a detailed metaverse city on the Red Planet.

    Participants were taken on an immersive space journey to a detailed metaverse city on the Red Planet

    Senior executives from major corporations also discussed topics such as the relationship between the metaverse and gaming, retail, banking, and venture capital

  • Jordan government reduces fuel prices for October

    The price of 90-octane gasoline and 95-octane gasoline will decrease by 60 fils in October.

    The price of 90-octane gasoline and 95-octane gasoline will decrease by 60 fils in October

    The price of one litre of diesel and kerosene will sell at JD0.825 in October, instead of JD0.790

  • Saudi Arabia hopes to post budget surplus of US$24bn

    Saudi Arabia is expecting to record an increase in its budget surplus in 2022 to S24 billion, according to the...

    According to the ministry of finance, Saudi total revenues are expected to reach about $299 billion in 2023, while reaching about $323 billion in 2025

    The minister said the objectives of the general budget for the fiscal year 2023 come as a continuation of the process of work to strengthen the financial position of the kingdom

  • UAE eyes jobs via crypto, metaverse investments

    According to a PWC estimate, the MENA region's blockchain market would reach $3.2 billion by 2024, and the UAE is...

    Blockchain market is expected to reach $3.2 billion in the MENA region by 2024, according to a PWC estimate

    UAE has attracted many crypto trading platforms, tempting investors with its regulatory system and promises of security improvements

  • Abu Dhabi launches healthcare grant to help research, innovation

    The Department of Health – Abu Dhabi (DoH) launched the first edition of the Healthcare Research and Innovation Grant, a...

    The grant seeks to fuel healthy competition across the healthcare ecosystem in the emirate.

    It seeks to help start unique research projects and innovative products, technologies and services in Abu Dhabi’s healthcare facilities.

  • Two-day inaugural RAK Energy Summit to begin on Oct 4

    The inaugural RAK Energy Summit, to be held on October 4-5, will feature experts from the energy sector in the...

    The summit will feature experts from the energy sector in the UAE and globally.

    The experts will discuss the challenges the world faces as it moves to cut carbon emissions.