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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.
  • UAE authorities urge caution on roads as dust storms return

    Large parts of the United Arab Emirates were hit by dust and sandstorms on Sunday as authorities urged caution on...

    Homes and landmarks in major cities were caked in a fine layer of brown dirt and visibility plunged in the latest adverse weather following a series of such storms in Middle East.

    Forecasts of rainstorms this week, unusual in high summer in the desert state, follow the deaths of seven Asian migrants in flash flooding last month.

  • FDI into Oman increases by 19 percent in Q1 2021: Report

    Foreign Direct Investment into Oman increased by 19 percent in the first quarter of 2022, according to a report by...

    There has been an increase in non-oil exports in 2021 that also saw the sultanate organize several conferences, including the “Oman Renewable Energy” investment conference.

    Oman was able to achieve its economic growth goals through the "Medium-Term Financial Balance Plan 2022/2024", which provided revenues of $780 million in 2021.

  • Egypt appoints new ministers in cabinet reshuffle

    A statement said the House of Representatives had approved "all the nominations set forth in a letter from President Abdel...

    Sisi's official Facebook page said the president had urged parliament to discuss the changes in the more than 30-strong cabinet

    The reshuffle does not include the key defense, interior, finance or foreign ministries

  • Iraqis grow weary of squabbling political parties

    Iraq has been ravaged by decades of conflict and endemic corruption. It is blighted by ailing infrastructure, power cuts and...

    Political deadlock has left Iraq without a new government, president or prime minister following general elections 10 months ago

    Coordination Framework says it wants a new government as quickly as possible, and its supporters on Friday began their own sit-in to press for that demand

  • US, Russia explore prisoner swap including arms dealer, athlete

    Last weekend Bill Richardson, a former US ambassador to the UN who has negotiated the release of several Americans held...

    31-year-old Brittney Griner was in Russia to play for a basketball team during her off-season, when she was charged with smuggling narcotics

    Viktor Bout was arrested in Thailand in 2008 and extradited to US, where in 2012 he was sentenced to 25 years prison on charges of arming rebels

  • Russia, Ukraine blame each other for striking N-plant

    Kyiv and Moscow accused each other on Saturday of striking the Zaporizhzhia nuclear plant in southeastern Ukraine, which has been...

    The plant Zaporizhzhia is under Russian control since March, with Ukraine accusing Moscow of basing hundreds of soldiers and storing arms there.

    Kyiv and Moscow have traded several accusations over multiple rounds of shelling on the plant this month, raising fears of a nuclear catastrophe

  • Jordan, Morocco to launch hospitality training facility

    A Jordanian-Moroccan hospitality and tourism training project will be launched in the Hashemite Kingdom as part of the strategic partnership...

    The Moroccan ambassador stressed on Jordan's pivotal role in joint Arab efforts and regional issues.

    The envoy stressed on the partnerships between Jordan and Morocco in tourism, agriculture, renewable energy

  • Egypt’s parliament approves major cabinet reshuffle

    An emergency session of parliament on Saturday approved several cabinet changes in Egypt's first major reshuffle since 2019, with 13...

    An emergency session of parliament on Saturday approved several cabinet changes in Egypt's first major reshuffle since 2019

    The reshuffle does not include the key defense, interior, finance or foreign ministries. Following parliamentary approval, the new ministers are now expected to be sworn in.

  • President invites Swiss President to visit the UAE

    President of the Swiss Confederation Ignazio Cassis, has received a written message from President Sheikh Mohamed bin Zayed Al Nahyan...

    The UAE is keen on strengthening bilateral relations with Switzerland

    Sheikh Abdullah has delivered the written message of the UAE President to the Swiss President

  • United States not going anywhere: US envoy on XI’s Saudi visit

    Amid reports of Chinese President Xi Jinping's visit to Saudi Arabia next week, U.S. President Joe Biden's administration said the...

    There has been speculation about the US's diminishing influence in the region as China and Saudi Arabia seek to strengthen their ties

    Xi Jinping could potentially meet with President Biden in November during his trip to Southeast Asia, as he said to his American counterpart