Search Site

Trends banner

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

DAE to acquire 17 aircraft for $1 bn

This portfolio comprises 100 percent next-generation aircraft
  • Eighty percent of the aircraft are manufactured by Airbus, and 20 percent are manufactured by Boeing.
  • These aircraft are expected to reduce DAE’s weighted average passenger fleet age to 6.9 years.

DP World posts record $20bn revenue

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.
  • DP World capacity exceeded 100 million TEU due to selective infrastructure investment in key growth markets.
  • Capital expenditure of $2.2 billion ($2.1 billion in 2023) was invested across the existing portfolio.

Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3
  • It includes the first residential community within Dubai Design District (d3), a global creative and design ecosystem.
  • Scheduled for completion by mid-2027, the Design Quarter at d3 comprises a collection of 558 apartments.

Tech and sustainability drive Singapore’s smart tourism vision

To realize its vision for “smart tourism”, Singapore Tourism Board is leveraging cutting-edge technologies like artificial intelligence, data analytics, and...
  • STB’s Tcube, a hybrid innovation space launched in 2021, has helped tourism businesses introduce tech solutions, including Al, into their operations.
  • More than 1,100 tourism companies have benefited from Tcube programs. Its Singapore Tourism Accelerator has supported 47 start-ups to develop 58 industry solutions across 6 cohorts

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.
  • The company said that EBITDA for the full year reached AED1.6 billion, a 13.6 percent YoY growth.
  • The Board of Directors proposes a dividend of AED619.8 million to be paid during H1 2025 (equivalent to 8.2645 fils per share).

Saudi Arabia’s inflation rate 2 percent in Jan, rental prices main driver

Riyadh, Saudi Arabia -- Saudi Arabia's annual inflation rate in Jan 2025 reached 2 percent compared to January 2024, the...
  • According to GASTAT, Saudi Arabia's inflation rate is considered the lowest among the G20 countries.
  • CPI measures the prices paid by consumers for a fixed basket of goods and services consisting of 490 items.

AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.
  • Net profit attributable to owners grew 24 percent YoY to AED1.33 billion led by strong operating performance.
  • Total assets grew by 15 percent YoY to AED63.70 billion in 2024 while total equity increased 15 percent YoY to AED27.83 billion.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.
  • EBITDA rose by 31 percent to $1.149 billion (AED 4.219 billion) in the same period, driven by robust performance across all business segments.
  • The Company's Q4 revenue increased by 6 percent year-on-year (y-o-y) to $881 million (AED 3.237 billion).

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m
  • The company achieved its highest-ever (EBITDA) of $1.05 billion (AED3.86 billion), an increase of 4.8 percent year-on-year.
  • The company's Board of Directors has recommended a cash dividend of $350 million (AED1.285 billion) for H2 2024.

IMF projects 3.3% global growth for 2025, MENA to rebound to 3.6%

Dubai, UAE -- The International Monterey Fund (IMF) has projected global growth to remain at 3.3 percent this year and...
  • IMF Managing Director Kristalina Georgieva said that growth in the Middle East and North Africa is expected to rebound to about 3.6 percent in 2025.
  • She warned that global public debt is projected to hit 100 percent of global GDP by 2030.

Two-State solution nearing point of no return: UN chief

He renewed calls for an immediate and lasting ceasefire, the unconditional release of all hostages, and full humanitarian access. He...

Latest News

Biden, Kadhemi meeting to focus on US troop withdrawal from Iraq

The White House talks between the two allies come just a week after a deadly attack claimed by the Islamic...

Qatar takes key step to control own airspace

Qatar said on Tuesday that it has been given a preliminary green light by a UN body on a proposal...

Dubai authorities probe Jebel Ali Port blast

Dubai authorities were Thursday investigating an explosion on a container ship carrying flammable materials which unleashed a fireball at one...

UAE consumers prefer online motor insurance

74% of the customers buy car insurance online in the UAE More than 90% of the consumers review car insurance...

Saudi suspends UAE flights due to virus variant

Saudi Arabia has suspended flights to three countries, including the neighbouring United Arab Emirates, to protect against a coronavirus variant,...

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

ADNOC Gas to pay $3.41bn dividend

It includes $1.7 billion scheduled for distribution in Q2 2025.

Al Ansari approves $85m dividend

This is approx 78% of the company's net profit after tax.

Most Read

Borouge proposes share buyback

The company had posted a 24% YoY increase in net profit to $1.24bn.
  • Boruge said the proposed share buyback underscores the company’s confidence in its long-term growth prospects.
  • Shareholders will also vote to approve the final 2024 dividends of 7.94 fils per share, which will be distributed on 28t Apr, bringing its total 2024 dividend payout to $1.3bn.

DAE to acquire 17 aircraft for $1 bn

This portfolio comprises 100 percent next-generation aircraft
  • Eighty percent of the aircraft are manufactured by Airbus, and 20 percent are manufactured by Boeing.
  • These aircraft are expected to reduce DAE’s weighted average passenger fleet age to 6.9 years.

DP World posts record $20bn revenue

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.
  • DP World capacity exceeded 100 million TEU due to selective infrastructure investment in key growth markets.
  • Capital expenditure of $2.2 billion ($2.1 billion in 2023) was invested across the existing portfolio.