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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.
  • Islamic Development Bank approves $10.54bn food security package

    The Islamic Development Bank (IsDB) Group has agreed on a $10.54 billion package for the Comprehensive Food Security Response Program...

    The package will support member countries in addressing the ongoing food crisis and strengthening its members' resilience to future food security issues.

    The package was announced after at an extraordinary joint meeting, chaired by IsDB President and Chairman of the Board of Directors of the IsDB Group Dr. Muhammad Al Jasser.

  • Germany’s economic model wobbles amid energy crisis

    Germany's second-quarter growth figures to be published on Friday are expected to be meek as the outlook for Europe's largest...

    Less expensive to produce and transport, with prices pinned down in long-term contracts, Russian gas has for decades contributed to Germany's economic prosperity

    To wean itself completely off Russian gas, Germany is looking further afield for new supplies including shipments of liquefied natural gas from the United States and Qatar

  • Macron welcomes Saudi Crown Prince, two discuss energy supply

    French President Emmanuel Macron on Thursday warmly welcomed Saudi Arabia's Crown Prince Mohammed bin Salman for talks in Paris, with...

    Crown Prince and the French President held an expanded meeting in the presence of the delegations of the two countries, according to Saudi Press Agency

    For western countries desperate to find new sources of energy, the 36-year-old de-facto leader of the world's biggest oil producer has become an essential figure.

  • Biden, Xi stay split on Taiwan but agree for face-to-face summit

    While this was Biden's fifth talk with Xi since becoming president a year and a half ago, it's getting hard...

    The virtual summit lasting over two hours took place as Beijing and Washington increasingly risk open conflict over the self-ruling island

    Once considered unlikely, an invasion, or lesser form of military action against Taiwan, is increasingly seen by China watchers as possible

  • Saudi Crown Prince ends Europe trip with deals, MoUs

    Strategic partnership remains in focus as Mohammed bin Salman leaves France after heading a wide-ranging talks along with French President...

    Strategic partnership remains in focus as Mohammed bin Salman left France today after heading a wide-ranging talks along with French President Emmanuel Macron

    Earlier, a delegation of senior Saudi ministers held separate talks with their French counterparts at at the Elysée Palace

  • UAE, Kenya to begin negotiations on free trade agreement

    UAE and Kenya announced their intention to begin talks for a Comprehensive Economic Partnership Agreement (CEPA) between the two countries...

    UAE and Kenya announce their intention to begin talks for a Comprehensive Economic Partnership Agreement

    If inked, the CEPA pact will be the first free trade deal between UAE and an African nation

  • More protests or fresh polls? Iraq mulls political paralysis

    The storming of Iraq's parliament by hundreds of supporters of populist Shiite cleric Moqtada Sadr has piled pressure on his...

    Sadr's bloc won 73 seats in October last year, making it the largest faction in the 329-seat parliament, but still short of a majority.

    But last month Sadr's 73 lawmakers quit in a move seen as seeking to pressure his rivals to fast-track the establishment of a government.

  • Saudi economy to be fastest-growing economy in 2022, says IMF

    The International Monetary Fund (IMF), in its World Economic Outlook, 2022 said that the Saudi economy will register a 7.6...

    The International Monetary Fund in its World Economic Outlook, 2022 says the Saudi economy will register a 7.6 percent growth rate this year

    Saudi Arabia's expected growth, as per IMF, would be the highest among advanced, emerging market and developing economies

  • Macron hosts Saudi crown prince in Paris, to discuss energy supply

    French President Emmanuel Macron is hosting Saudi Arabia's Crown Prince Mohammed bin Salman for talks in Paris on Thursday. The...

    The topics set to loom over the meeting include energy supply as concern grows over possible power shortages due to the Russian invasion of Ukraine

    The kingdom is seen by many in the West as an essential partner due to its energy resources, purchases of weaponry and staunch opposition to Iran's theocratic regime

  • UAE lauds Turkiye’s role in Russia-Ukraine grain exports pact

    The UAE foreign minister Sheikh Abdullah bin Zayed Al Nahyan in a phone call to his Turkish counterpart Mevlüt Çavuşoğlu...

    The UAE foreign minister Sheikh Abdullah bin Zayed Al Nahyan in a phone call to his Turkish counterpart Mevlüt Çavuşoğlu described the agreement as a ''key step''

    Sheikh Abdullah and Çavuşoğlu also discussed ways of boosting cooperation between the two friendly countries in order to serve their mutual interests