INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

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.

ADSB to make two vessels for ADNOC Logistics & Services

The order for these vessels further strengthens the relationship between ADNOC LS and EDGE entity ADSB. (WAM)
  • The vessels are each powered by two diesel engines coupled with two Z-drive Azimuth thrusters.
  • This configuration allows them to achieve a speed of 12 knots and a bollard pull of 60 tons.

ABU DHABI, UAE – Abu Dhabi Ship Building (ADSB) announced that it is building two 28-meter vessels for ADNOC Logistics and Services plc (ADNOC LS), a global energy maritime logistics leader.

The order for these vessels further strengthens the relationship between ADNOC LS, a global energy maritime logistics leader, and EDGE entity ADSB, the UAE leader in the design, new build, repair, maintenance, refit and conversion of naval and commercial vessels.

The vessels are each powered by two diesel engines coupled with two Z-drive Azimuth thrusters.

This configuration allows them to achieve a speed of 12 knots and a bollard pull of 60 tonnes.

Each has a crew complement of eight and will be used primarily for ship assistance and harbor towing, as well as for firefighting and coastal towing.