This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting AWS cloud infrastructure in the GCC.

Search Site

AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

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.

AD Ports, Hutchison to explore investments in GCC, Asia, Africa

  • They will partner to operate within Tanzania to enhance the capabilities and market competitiveness of port operations in the country, including Dar Es Salaam Port.
  • Potential areas of focus include improving servicing to several of Tanzania’s landlocked remote areas and neighboring countries.

Abu Dhabi Ports and Hutchison Ports have signed an MoU to identify joint investment and business opportunities related to feedering, logistics, and port activities across the GCC, Africa and Asia.

The two organizations will also form a partnership to operate within Tanzania, where they will work closely together to explore opportunities to further enhance the capabilities and market competitiveness of port operations across the East African country, including Dar Es Salaam Port.

Potential areas of focus include improving servicing to several of Tanzania’s landlocked remote areas and neighboring countries, cultivating more cargo sources, and the enhancement of existing supporting logistics and cargo processing facilities.

Captain Mohamed Juma Al Shamisi, Managing Director & Group CEO, AD Ports Group, said, “We are pleased to announce the start of a new collaboration with Hutchison Ports. As a starting point, we will work together to enhance and elevate Tanzania Port’s standing as a world-leading trade hub.”

“AD Ports Group will advance plans to develop and implement an innovative logistics, transportation, and digital port management system, as well as investing in the development of new infrastructure, such as logistics centers and new inland container depots around Dar Es Salaam Port,” he added.