Press Dossier   By Date  17/03/2021
Adnoc Distribution shareholders approve changes to dividend policy, setting minimum of Dh2.57b in 2022
Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced that shareholders have approved all agenda items, including amendment to its dividend policy at its Annual General Assembly meeting, its second to take place virtually.
EGA posts 63% surge in Ebitda to Dh4.1billion
Emirates Global Aluminium (EGA) recorded on Tuesday a 63 per cent surge in adjusted Ebitda (earnings before interest, taxes, depreciation and amortisation) of Dh4.1 billion for 2020 compared to the previous year.
Petrofac shares plunge 8% on Tuesday after being barred from UAE contracts
Petrofac shares plunged 8 percent on Tuesday morning after the company said it had been barred from competing for new contracts in the UAE.
Abu Dhabi, Israel ink deal to ease reciprocal business expansion
Business registration authorities in Abu Dhabi and Israel have signed a deal to help companies operate between the pair.
No taxes on new personal items worth less than SR3,000, says Saudi Customs
Travelers arriving in Saudi Arabia will not have to pay customs duty on new personal belongings if they are worth less than SR3,000 ($800), Saudi Customs has clarified.
Bahrain’s SICO buys majority stake in Saudi-based Muscat Capital
Bahrain-based SICO BSC said on Monday it has completed a deal to acquire 72.7 percent in the Saudi-based Muscat Capital, a wholly-owned subsidiary of Bank Muscat.
Public sector salaries jumped KD 4 billion in 10 years
The total salaries paid to public sector employees and included in Kuwait’s budget jumped by KD 4 billion in the past 10 fiscal years (2009/2010 to 2018/2019), rising from KD 3.2 billion to KD 7.2 billion at a compound annual rate of 9.5 percent, Al-Anbaa reported yesterday.
Kuwait govt urges public to halt gatherings as COVID-19 cases surge
The Kuwaiti government urged the public to adhere to all precautionary measures and health requirements as well as halt all gatherings to curb the spread of coronavirus and maintain the safety of all.
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