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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.
  • Biden announces $150 mn more weapons for Ukraine

    Biden said current funding was "nearly exhausted" and the US and its allies must "keep the weapons and ammunition flowing...

    The military package form US administration includes 25,000 155mm artillery rounds, counter-artillery radars, electronic jamming equipment and spare parts

    Biden and the G7 leaders will meet with Zelensky virtually on Sunday to discuss Western support for Ukraine in its struggle against Putin's invasion

  • EU chief calls Spain-France gas connections ‘critical’

    Last week Russia cut off gas supplies to Poland and Bulgaria as the Kremlin reacted to tightening EU sanctions.

    Last week Russia cut off gas supplies to Poland and Bulgaria as the Kremlin reacted to tightening EU sanctions

    Spain currently has six liquefied natural gas (LNG) terminals that could help the EU boost imports

  • Morocco, Spain agree to bolster migration cooperation

    Morocco and Spain on Friday committed to strengthening cooperation on irregular migration following a reset in relations after a months-long...

    The decision came during a meeting in Rabat of a mixed permanent group on migration

    Madrid announced a U-turn in March on its stance over the disputed territory of Western Sahara

  • Brazil, Guyana agree to widen energy cooperation

    US giant ExxonMobil announced in April the discovery of three new oil deposits in Guyana, raising estimates of the country's...

    Guyana has emerged as one of the main low-cost oil production countries

    It is now preparing to auction offshore oil blocks at the end of the year

  • Jordan king meets US military officials in Tampa

    The meetings covered means of enhancing military and defense cooperation between Jordan and the United States.

    The meetings covered means of enhancing military and defense cooperation between Jordan and the United States

    Discussions also addressed regional and international efforts to fight terrorism within a holistic approach

  • Asian Games postponed as China tries to stamp out Covid spike

    The Olympic Council of Asia (OCA) said in a statement that the decision to postpone "was taken by all the...

    Hangzhou was poised to become the third city in China to host the continental competition after Beijing in 1990 and Guangzhou in 2010.

    China has stubbornly stuck to its zero-Covid policy, imposing strict lockdowns, quarantines and mass testing programmes even while other countries start to reopen.

  • Algeria slaps travel bans on diaspora activists: rights groups

    Amnesty International and Human Rights Watch on Friday called on Algerian authorities to lift "arbitrary travel bans" on activists from...

    Human Rights Watch singled out the cases of three Algerian-Canadians prevented from returning to their homes in Canada between January and April.

    Lazhar Zouaimia, who works as a technician at a public electricity utility in Quebec, had been blocked twice by border police.

  • Rights groups say Iran will try to manipulate UN expert visit

    Human rights groups on Friday warned Tehran will try to use an upcoming visit to Iran by a UN expert...

    The mission from May 7 to 18 will be the first to the Islamic republic by a special rapporteur since 2005

    The rights groups say Iran has a history of blatant rights violations

  • Saudi Arabia, Azerbaijan sign MoU to boost accounting services

    The MoU aims to enhance cooperation between the two countries in the areas of financial auditing and performance control.

    For Saudi Arabia, the MoU was signed by Saudi General Bureau for Auditing president Hossam bin Abdul Mohsen Al-Angari

    The other signatory was Vugar Gulmammadov, chairman of the Chamber of Accounts of Azerbaijan

  • Saudi-US cooperation to spur growth of digital content market in KSA

    Saudi Arabia and United States Minister of IT, Eng. Abdullah bin Amer Al-Sawaha who is on a visit to the...

    Saudi Arabia and United States Minister of IT, Eng. Abdullah bin Amer Al-Sawaha who is on a visit to the US met the president and COO of Omnicom Media Group Daryl Simm

    The meeting also included several specialized technological companies in the fields of FinTech, software, and administrating alternative investments

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