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.

Algeria’s Sonatrach starts production in new gas field

Sonatrach has had 13 CEOs since 1999, a sign of chronic instability at the oil and gas firm.
  • The company announced the completion of production of the Tinrhert gas field at the end of November 2022
  • Algeria has signed many energy agreements with European countries during the current year

Algiers, Ageria – Algeria’s Sonatrach announced Sunday the start of production in a new gas field in Illizi province, southeast of the country.

In a statement, the company announced the completion of production of the Tinrhert gas field at the end of November 2022.

The statement indicated that the production levels exceeded the expectations.

Algeria is one of Europe’s major gas suppliers. 

The country has signed many agreements with European countries during the current year, in light of the turmoil that shook the global energy markets following the Russian-Ukrainian war.