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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.
  • India aims at boosting honey exports to UAE, Saudi Arabia

    India started its honey exports only in the fiscal year 1996-97, and is the world’s eighth-largest honey producer and ranks...

    India started its honey exports only in the fiscal year 1996-97, and is the world’s eighth-largest honey producer and ranks ninth among the honey exporting countries globally.

    The markets of Indian honey where APEDA is planning to boost its export includes the UAE, Saudi Arabia, Bangladesh and Canada.

  • Ajman’s $656m budget for 2022 focused on infrastructure, community facilities

    Ajman's budget of AED2.41 billion ($656m) for 2022 has been approved by the emirate's ruler Sheikh Humaid bin Rashid Al...

    Economic affairs (34 percent), public services (19 percent) and public order and safety (eight percent) are the other sectors that account for the rest of the budget.

    The 2022 budget is the largest in the emirate’s history, and 17 percent higher than last year’s budget.

  • Fed signals faster rate hikes, Asian, European stocks sink

    London's benchmark FTSE 100 index slid 1.0 percent to 7,445.04 points, after heavy losses earlier in Asia and overnight on...

    London's benchmark FTSE 100 index slid 1.0 percent to 7,445.04 points, after heavy losses earlier in Asia and overnight on Wall Street

    "Everyone is concerned about the Fed's fast and furious monetary policy stance," AvaTrade analyst Naeem Aslam told AFP

  • Iraq acquires ExxonMobil share

    The share was bought by Iraqi national oil company.

    The share was bought by Iraqi national oil company in the West Qurna field

    The field is one of the giant fields, the Iraqi oil ministry statement said

  • ‘Social media key to brand identity in 2022’

    Changes in digital marketing have forced the hand of digital marketers in a do-or-die way, says Farhad Divecha, founder and...

    Changes in digital marketing have forced the hand of digital marketers in a do-or-die way, says Farhad Divecha, founder and MD of AccuraCast, a UK leading digital marketing agency

    Social media sites, according to Divecha, are where consumers turn to when they want to find out about or engage with a brand, So having that presence is as important

  • Barter best payment method in Iran-Pakistan trade: Official

    The Secretary-General of Iran-Pakistan Joint Chamber of Commerce Fahimeh Damroudi said that barter is the best choice of exchange as...

    Iranian President Ebrahim Raisi has repeatedly underlined the importance of trade development with neighbors.

    Iran's foreign trade reached $72.1 billion during the first nine months of the Iranian calendar year.

  • Mumzworld CEO says committed to supporting Mideast businesswomen

    Mumzworld has over 350 staff, with over 6,000 brands and more than 300,000 products for sale on the website, and...

    Mumzworld was built in 2011 to support women in the Arab world and help them to make informed decisions for their families.

    Ataya told that she would use her new role as a mentor, and sharing the knowledge, skills, and successes with other women.

  • Kuwait to increase crude output by 27,000 barrels per day from Feb 1

    Kuwait will increase its crude production by 27,000 barrels per day (bpd) to 2.6 million bpd from 1 Feb. 2022...

    With the fresh raise, which is in compliance with OPEC decisions, Kuwait's total production will reach 2.6 million bpd.

    OPEC+ has decided to proceed with a production hike of 400,000 bpd, keeping their current policy of slight monthly increases in output.

  • USAID to fund surface water usage project in Jordan

    Water loss reduction projects can also boost water reserves, upgrade water facilities in the Jordan Valley and maintain water and...

    Water loss reduction projects can also boost water reserves, upgrade water facilities in the Jordan Valley and maintain water and irrigation infrastructure

    Jordan water ministry said it is committed to supporting farmers and providing them with all capabilities to maximize the national agriculture output

  • Lebanon currency falls further as leadership placates Saudi Arabia

    The midmarket rate for the Lebanese pound is around 1,500 to the dollar, but the reality on the ground is...

    The local currency is now trading at more than 30,000 to the dollar in the black market

    It has lost more than 95 percent of its purchase power since end-2019 as the economy sags

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