INSEAD Day 4 - 728x90

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.

Tenaris sets up base in Abu Dhabi

The complex is situated in Abu Dhabi Industrial City. (WAM)
  • The new complex is expected to generate technical and administrative job opportunities for UAE nationals
  • The newly built complex represents the first of its kind in the UAE to thread full-length premium connections

Abu Dhabi, UAE–Tenaris, a global steel pipe manufacturer, inaugurated its new Abu Dhabi industrial complex, Etihad Tubulars, with a US$60 million investment.

The industrial complex underscores the robustness of the company’s long-standing partnership with ADNOC and reaffirms its commitment to bolstering the “Make it in the Emirates” initiative.

The newly established 200,000 square-metre industrial complex, situated in Abu Dhabi Industrial City (ICAD III) is set to foster new technical and administrative job opportunities for UAE nationals.

It features an industrial training centre, meticulously designed for ADNOC engineers, local talents, and partners to enhance their technical skills and knowledge.

Additionally, the complex boasts a pipe service yard dedicated to the storage, inspection, and preparation of pipe products; along with an advanced premium OCTG threading facility.

“We are delighted to be here today in the Emirates to open this latest addition to our global industrial system and strengthen our long-standing partnership with ADNOC.” said Tenaris Chairman and CEO Paolo Rocca. “With this new facility, we will contribute to the UAE’s economic goals and strengthen the service we provide to ADNOC and the local energy industry.”

Yaser Al Mazrouei, ADNOC Executive Director, People, Commercial and Corporate Support, said, “ADNOC is committed to strengthening the UAE’s industrial base and Tenaris’ new complex in Abu Dhabi underscores our ongoing efforts to attract leading global companies to locally manufacture critical industrial products. We congratulate Tenaris for opening this complex and look forward to continuing our partnership as we drive sustainable value for the UAE.”

The industrial complex represents the first of its kind in the UAE to thread full-length premium connections aligning with Tenaris’s Rig Direct® model. This model revolutionises the tubular supply chain through digitalisation, providing a distinctive blend of well-planning services, OCTG field management, and on-site running support.