INSEAD Day 4 - 728x90

Culture & Society

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.

Saudi Arabia, Gulf neighbours say Ramadan to start on Saturday

Palestinian devotees walk toward the Al-Aqsa mosque in the Old City of Jerusalem, to perform an evening prayer known as 'Tarawih' on February 28, 2025. AFP
By TRENDS Desk
February 28, 2025 11:11 pm
  • Saudi Arabia, home to Islam's two holiest sites, was joined by the UAE and Qatar in declaring the sighting of the crescent moon that heralds Ramadan
  • "The Supreme Court has decided that tomorrow, Saturday, is the first day of the month of (Ramadan)," the official Saudi Press Agency posted on X

Riyadh, Saudi Arabia – Saudi Arabia and its Gulf neighbours on Friday announced that the Muslim fasting month of Ramadan would begin the following day.

Saudi Arabia, home to Islam’s two holiest sites, was joined by the United Arab Emirates and Qatar in declaring the sighting of the crescent moon that heralds Ramadan.”The Supreme Court has decided that tomorrow, Saturday, is the first day of the month of (Ramadan),” the official Saudi Press Agency posted on X.

Several Muslim countries declare Ramadan in line with the announcement in Sunni-majority Saudi Arabia.

The UAE, Qatar, Oman, Jordan and Syria also said Ramadan would start on Saturday.

Iraq’s top Shiite cleric, Ayatollah Ali al-Sistani, meanwhile announced that the holy month would begin on Sunday.

Observing fasting during Ramadan is one of the five pillars of Islam, requiring believers to abstain from eating, drinking, smoking and sex during daylight hours. Observant Muslims are also encouraged to donate to the poor.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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