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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.
  • Jordan tourism revenues pass $21 million in first 11 months of 2021

    The total number of tourists coming to the Kingdom in the period has surpassed 2.1 million, while the number of...

    The total number of tourists coming to the Kingdom in the period has surpassed 2.1 million, while the number of overnight tourists has inched up by 8.9 percent

    Jordanian Minister of Tourism Nayef Al-Fayez said that the National Tourism Strategy is geared to attract more tourists than recorded in 2019, before the outbreak of the pandemic

  • Saudi Arabia, UAE eye strong growth amidst challenges

    London-based think-tank Cebr predicts the economic future of countries across the world and the outlook remains rosy for the Gulf...

    Saudi Arabia will jump from t19th to 17th in the World Economic League Table by 2021

    The UAE is expected to move up in the table from 34th in 2021 to 33rd in 2036

  • Palestine Q3 current-account deficit stands at $316m

    The preliminary results showed a surplus value for the capital and financial account amounting to $222 million, mainly caused by...

    This deficit in the current account was mainly triggered by the deficit of the trade balance of goods, which reached $1,464 million

    The total transfers from abroad amounted to $602 million, of which 17% were the transfers to the government sector

  • Jordan to disburse $1.4m to drought-affected farmers

    Jordan will distribute JD1 million to compensate those suffered losses due to the Al Waleh Dam draught and cross-border fires...

    Jordan's cabinet had approved the disbursement of JD1 million in compensation from the Agricultural Risk Fund

    Jordan as tasked specialized committees to limit the damages in the northern Jordan Valley and the Al-Wala Dam

  • UAE residents can recycle used cooking oil at Bee’ah Tandeef machines

    Waste management and environment company Bee’ah Tandeef has launched a service that allows people to recycle used cooking oil so...

    Bee’ah Tandeef will turn the waste cooking oil into biodiesel that will be used to run its fleet of waste collection trucks.

    The collection machine also dispenses a new empty bottle whenever a bottle is deposited.

  • Council of Arab Ministers declares Muscat Arab Digital Capital for 2022

    Oman's capital Muscat will be the Arab Digital Capital for 2022, the Council of Arab Ministers for Communications and Information...

    Oman had made cyber-security, digital innovation and digital capabilities development focus of its candidacy.

    Oman's communications minister said that the decision reflects the confidence of Arab countries in the digital and legal capabilities of Oman.

  • Top 10 weather disasters cost $20bn more than last year: NGO

    Each year, UK charity Christian Aid calculates the cost of weather incidents like flooding, fires, and heat waves according to...

    Christian Aid said the upward trend reflects the effects of man-made climate change

    It added that the 10 disasters in question also killed at least 1,075 people and displaced 1.3 million

  • Ecommerce changes GCC buyers, sellers forever

    As ecommerce expands, companies are becoming more aware of the region's shifting consumer behavior and needs, say experts.

    Retailers in the region are becoming more aware of the necessity to create ‘brand.com’ sites

    AR and AI will become more commonly used to improve the consumer experience

  • Afghanistan’s asset freeze hurts everyone

    To avoid giving the Taliban access to Afghanistan's reserves, Washington froze an estimated $10 billion held by the central bank...

    Ordinarily, the reserves could be dipped into to pay overdue government bills and development projects, but the freeze has trickled down to the rest of the economy.

    The United Nations Security Council on Wednesday unanimously adopted a US resolution to help humanitarian aid reach desperate Afghans.

  • UAE and Spain discuss cooperation in renewable energy, water sectors

    Spain and UAE have reviewed Dubai Electricity and Water Authority's achievements besides key projects and cooperation in the clean and...

    The two sides also discussed initiatives and programs that consolidate the transition towards a green economy.

    DEWA CEO Saeed Mohammed Al Tayer held a meeting with Iñigo de Palacio, Spain’s Ambassador to the UAE.

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