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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.
  • Asia stocks drop, euro stuck at 20-year low on recession fear

    Adding to the uncertainty was a fresh flare-up of coronavirus cases in parts of China that has seen some cities locked...

    Adding to the uncertainty was a fresh flare-up of coronavirus cases in parts of China that has seen some cities locked down as part of officials' zero-Covid policy

    Investors are growing increasingly concerned that sharp central bank interest rate hikes aimed at fighting decades-high inflation will lead to a contraction in leading economies

  • Largest Hajj of Covid era ready to begin in Mecca

    The biggest hajj pilgrimage since the coronavirus pandemic began kicks off Wednesday, with hundreds of thousands of mostly mask less...

    One million fully vaccinated Muslims, including 850,000 from abroad, are allowed at this year's hajj

    Some pilgrims donned clothing featuring the names and flags of their countries

  • Saudi non-oil economy shows improvement in June: S&P Global

    Saudi Arabia's non-oil economy has recorded a strong improvement in business conditions in June, according to the latest Purchasing Managers...

    Business has grown at the sharpest rate for eight months, despite evidence that intensifying cost pressures had led companies to mark up their prices

    At the same time, the report conveyed Saudi Arabia’s rapidly rising costs, an increase in the prices of raw materials and fuel

  • UAE Minister discusses development of fisheries sector

    UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri held a meeting with the heads of fishermen's...

    The minister met with groups of fishermen and heads of fishermen's associations

    She discussed challenges, opportunities and development in the UAE's fisheries sector

  • Dubai Chambers holds meet to enhance its role in economy

    Chairman of Dubai Chambers met with heads and members of business groups to discuss new ways the Chamber can enhance...

    Dubai Chambers discuss new ways to strengthen public-private sector partnerships

    It discusses different ways the Chamber can enhance its role in the emirate’s economy

  • ‘Jordan’s industries have potential to access Algerian market’

    Jordan's industrial goods have a great opportunity to gain a foothold in the Algerian market, president of the Jordan and...

    Leather, textile, medical supplies, chemicals, food, agricultural and livestock industries can access the Algerian market

    There is a need for opening a direct maritime transport route between Jordan and Algeria

  • UAE to announce 3,000 housing loan beneficiaries during 2022

    UAE will announce 3,000 beneficiaries of housing loans during 2022, taking 500 housing decisions per month that will announce the...

    The new policy includes 500 decisions worth AED400 million, according to Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure.

    A total of 500 decisions on housing loans will be taken per month.

  • ADDED, GE Digital to fast-track digital shift in Abu Dhabi’s manufacturing sector

    ADDED and GE Digital will collaborate to adopt circular economy strategies “to drive a more productive, competitive, advanced, and innovative...

    ADDED and GE Digital will collaborate to adopt circular economy strategies “to drive a more productive, competitive, advanced, and innovative sector.”

    The UAE’s manufacturing sector plays a pivotal role in the diversification of the national economy, with Abu Dhabi accounting for 40 percent of that

  • Tunisia struggles to grow more wheat to prevent food shortage

    Tunisian farmer Mondher Mathali surveys a sea of swaying golden wheat and revs his combine harvester, a rumbling beast from...

    The small North African country, like its neighbors, is desperate to prevent food shortages and social unrest

    Tunisia's wheat production has suffered from years of drought and a decade of political instability

  • Jordan, Japan ink pact to build AI ecosystem in Jordan

    The two parties agreed on the general framework of the project in addition to a draft record of discussions and...

    The two parties agreed on the general framework of the project in addition to a draft record of discussions and the structure of the initial implementation

    The pact is in line with the objectives of the Jordanian Artificial Intelligence Policy seeks to adapt, deal and harness AI to serve the Jordanian economy