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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.

Ajman hotels posts 3% increase in revenues in Q1 2023

Oman's carbon offsets amounted to 71 million tons of CO2 in 2021.
  • Ajman tourism is looking for new ways to collaborate with local and international partners to advance the tourism sector by attracting new investments.
  • The emirate of Ajman hosts 44 hotel establishments ranging from 1-star to 5-star hotels, resorts and luxury hotel apartments with 3,997 hotel rooms.

AJMAN, UAE – Ajman hotels and serviced apartments recorded a three percent growth in hotel revenues in the first quarter of 2023 compared to the corresponding period in 2022.

The increase occurred mostly due to higher demand that is pushing the Average Daily Room (ADR) Rate, making investment in hotels and tourism industry more profitable.

Director-General of the Ajman Department of Tourism Development (ADTD) Mahmoud Khaleel Al Hashemi said that the emirate aims to keep pace with technological developments and offer smart services that increase the satisfaction and enjoyment of visitors.

The department is also looking for new ways to collaborate with local and international partners, in line with the emirate’s strategy to advance the tourism sector by attracting new investments and supporting the launch of new hospitality projects, he said.

Tourism in Ajman has been growing steadily due to the emirate’s growing number of attractions that includes pristine natural beaches, mangroves, a growing number of hotels, resorts, restaurants, traditional markets, entertainment facilities and new tourism developments that cater to both domestic and international tourists.

The emirate of Ajman hosts 44 hotel establishments ranging from 1-star to 5-star hotels, resorts and luxury hotel apartments with 3,997 hotel rooms and 250 tourism establishments that serve a growing number of regional and international tourists.

The emirate of Ajman boasts a rich cultural and historical heritage, which is highlighted by some of its most significant tourist destinations including the Ajman Museum and Masfout Museum, and the House of Rashed Alkhadar.

ADTD continues to offer many incentives and facilities to foreign investments and support local ones in solid collaboration with its strategic partners, to help transform Ajman into a preferred destination for lucrative business ventures.