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ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

Flydubai posts 114% jump in passenger bookings in Q1

Flights to Al Jouf Airport (AJF) and Red Sea International Airport (RSI) start from 18 April and will operate twice a week from Terminal 2, Dubai International (DXB).
  • The airline said it has operated 19,000 flights and carried 2.35 million passengers during the period
  • It also witnessed an increase in demand for connecting traffic with 43 percent of the passengers connecting to the carrier’s network

Flydubai has reported a 114 percent jump in passenger bookings in the first quarter of the year.

The airline said it has operated 19,000 flights and carried 2.35 million passengers during the period.

Moreover, the airline also witnessed an increase in demand for connecting traffic with 43 percent of the passengers connecting to the carrier’s network compared to 28 percent for the same period last year.

The statement added that the airline has grown its network to more than 100 destinations exceeding pre-pandemic levels.

“We have continued our growth in 2022 capitalizing on the tremendous results we reported for 2021. We have seen the number of passengers carried in the first quarter of this year more than double compared to the previous couple of years as we welcomed the world during Expo Dubai 2020, connected underserved markets to Dubai and added more frequencies around the network,” said Ghaith Al-Ghaith, CEO of flydubai.

The statement also said new aircraft deliveries will support flydubai’s growing network and operations in 2022.