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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.

  • Ecommerce prospers in GCC amidst Covid-19 woes

    An improved regulatory support, government promotional initiatives, and heightened interest from business leaders in the private sector benefits the sector...

    Together with Egypt, Saudi Arabia and the UAE now account for more than 80% of the region’s overall e-commerce market.

    Spurred on by a highly digitized population and a lockdown-induced spike in consumer demand, e-commerce valuation hits $22bn

  • Fed official says March rate hike will depend on data

    "I support raising the federal funds rate at our next meeting in March," governor Michelle Bowman said.

    "I support raising the federal funds rate at our next meeting in March," governor Michelle Bowman said

    She stressed that should the economy evolve as she expects, "additional rate increases will be appropriate in the coming months."

  • Aramco stock rises 4%

    Recently, a 4% stake of the oil giant had been transferred to PIF in an $80bn deal.

    The share price hit SR39.3 ($10.5) yielding a market cap of $2.09 trillion

    Earlier in the session, the shares hit an all-time high of SR40 ($11)

  • Bahrain-based GFH Financial Group launches GCC $100m Sukuk Fund

    GFH Financial Group (GFH), a Bahrain-based Islamic investment bank, has announced that is has launched and seeded a $100 million...

    The bank signed an agreement with Credit Suisse to provide financing and fund administration services.

    GFH said it aims to generate returns to the fund through active asset allocation, credit selection, optimal leverage and duration management.

  • Using alternative sources of energy saved UAE $191 bn: Suhail Al-Mazroui

    UAE has saved $191 billion by using alternative sources of energy, according to Suhail Al-Mazroui, UAE energy minister. Speaking at...

    Energy minister Suhail Al-Mazroui said his country is working on 40 international projects helping other countries implement solar and wind projects.

    UAE has plans to capture 25 percent of the global hydrogen market share, Al-Mazroui told IPTC 2022 Riyadh.

  • Bahrain lays foundation stone for United States Trade Zone

    The ceremony among others was attended by the Minister of Industry, Commerce and Tourism Zayed bin Rashid Al Zayani and...

    The ceremony among others was attended by the Minister of Industry, Commerce and Tourism Zayed bin Rashid Al Zayani and US Ambassador to the Kingdom of Bahrain Steven C. Bondy

    The USTZ project follows the visit of the UAE's Crown Prince and Prime Minister Salman bin Hamad Al Khalifa to the USA in November 2019

  • Jordan was subjected to 897 cyberattacks in 2021: Minister

    The attacks reportedly focused on sovereign institutions, financial and economic targets, and even individuals.

    Jordan’s Minister of State for Media Affairs, Faisal Shboul, said at a a press conference that the country was subjected to 897 cyberattacks in 2021

    He was accompanied by the head of the National Cyber Security Center, Ahmed Melhem, as they discussed Jordan’s efforts in the cybersecurity field

  • Lebanon electricity supply may rise to 8-10 hours a day soon

    Gas from Egypt and Jordanian electricity is expected to help Lebanon restore electricity supply to 8-10 hours a day soon.

    The Lebanese have been suffering a financial crisis that has led to power supply being restricted to a mere couple of hours per day

    The country even witnessed an all-encompassing blackout in October last year as power-generating fuel ran out in the country

  • Covid-19 shakes up GCC’s in-demand job profiles

    Now, the fastest-growing job profiles in the GCC include a mix of both pandemic-resultant and non-pandemic-resultant positions.

    Traditional jobs such as healthcare personnel and core corporate operations are still in high demand around the world

    Employment rates in the Gulf region have risen by 40% annually, thanks to the UAE and Saudi Arabia

  • 461m Dubai riders used taxis, public and shared transport in 2021

    Nearly 461 million riders in Dubai used public transport, shared transport and taxis, which include metro, tram, public buses, marine...

    Dubai’s Roads and Transport Authority (RTA) said the number compares well with the number announced in 2020: about 346 million riders.

    The daily average of riders using mass transit means and taxis last year reached 1.3 million riders, compared to about 948,000 in 2020.