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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.
  • US tells oil majors it needs more supply

    The surge in energy costs is a consequence of Russia's invasion of Ukraine, which prompted Washington and its European allies...

    Oil prices are in the midst of the recovery from the Covid-19 pandemic, which has caused demand to collapse

    The prices have now surged, contributing to a wave of inflation that has damaged Biden's approval ratings

  • UAE says will urge OPEC to boost oil output

    Brent had spiked to $139 on Monday — about $8 short of an all-time record — in expectation of the...

    US President Joe Biden on Tuesday announced a ban on US imports of Russian oil and gas

    Meanwhile, Britain said it would phase out crude imports from the country by the end of 2022

  • Israel and Turkey hail new era after years of broken ties

    Relations between the two countries were frozen after the death of 10 civilians following an Israeli raid on the Turkish Mavi...

    A 2016 reconciliation agreement that saw the return of ambassadors all but collapsed in 2018 in the wake of Gaza border clashes that killed dozens of Palestinians.

    After the 2018 Gaza bloodshed, Turkey recalled its diplomats and ordered Israel's envoy out of the country.

  • How Russian ‘safe corridors’ worked in bitter Syria war

    Russia's offer of "humanitarian corridors" for civilians to flee the Ukrainian cities it has besieged is a well-tried approach Moscow adopted...

    In those evacuations, Russia backed Syria's regime in pummelling rebel-held enclaves, before it brokered "safe corridors" and exit deals for civilians

    Russia entered Syria's war in 2015 on the side of President Bashar al-Assad's regime, overseeing controversial evacuations of more than 200,000 people

  • Drone threat puts air defense at centerstage of Saudi defense show

    Deadly strikes on Saudi Arabia and the United Arab Emirates claimed by Yemeni rebels have been the talk of shows...

    Around 600 companies from about 40 countries showed off the latest military technology at the World Defense Show in Riyadh. 

    The General Authority for Military Industries, which oversees the Saudi defense industry, has made 22 deals with national and international enterprises worth some $2bn.

  • Kyrgyzstan and Ras Al Khaimah to expand cooperation in investment, trade

    Kyrgyzstan and the UAE have discussed enhancing the investment and trade cooperation between the two sides. Mohamed Ali Musabbeh Al...

    Both sides agreed at a meeting to organize a business visit by a delegation from the chamber to Kyrgyzstan.

    The meeting also discussed several projects and investment opportunities that will increase the trade exchange between Kyrgyzstan and Ras Al Khaimah.

  • UN chief warns pandemic not over, decries vaccine inequality

    The pandemic’s most tragic toll has been on the health and lives of millions, with more than 446 million cases...

    Guterres noted that while 1.5bn shots are produced monthly, nearly 3 billion people are still waiting for their first shot.

    This failure is the direct result of policy and budgetary decisions that prioritize the health of people in wealthy countries over the health of people in poor countries, he said.

  • U.S. rejects surprise Poland offer of jets for Ukraine as not ‘tenable’

    NATO has already cleared that it does not want direct conflict with Russia and President Joe Biden has ruled out...

    Earlier Antony Blinken has said that Washington was “actively” looking at a deal with Poland to provide Ukraine with the MiG-29s

    NATO has already cleared that it does not want direct conflict with Russia and President Joe Biden has ruled out sending U.S. troops into Ukraine to fight.

  • US intel paints Putin as aggrieved, angry over Ukraine war

    The long-standing president in Moscow has been "stewing in a combustible combination of grievance and ambition for many years," CIA...

    The long-standing president in Moscow has been "stewing in a combustible combination of grievance and ambition for many years," CIA Director William Burns told US lawmakers

    He called the invasion of Ukraine a matter of "deep personal conviction" for Putin, his latest defiant clash with Europe and the United States

  • Jordan prince apologizes to king for 2021 palace crisis

    Hamzah, whom the king sidelined as heir to the throne in 2004, accused Jordan’s rulers of corruption and ineptitude in...

    Hamzah, whom the king sidelined as heir to the throne in 2004, accused Jordan’s rulers of corruption and ineptitude in a video message posted by the BBC

    In April last year, Jordanian authorities announced they had foiled a bid to destabilize the pro-Western kingdom and had arrested 18 suspects, though most were later released

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