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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.

Amazon to hire 1,500 people in UAE as it expands business

  • The jobs, according to the company, will be created as it expands its fulfillment center storage capacity by 60 percent
  • This expansion is expected to create additional jobs through its sellers and delivery partners

Amazon, the US e-commerce giant, has announced that it would add 1,500 jobs in the United Arab Emirates to cope with the potential hike in demand as it seeks to expand its presence in the country.

The jobs, according to a statement released by the company, will be created as it expands its fulfillment center storage capacity by 60 percent. This expansion is expected to create additional jobs through its sellers and delivery partners.

The company is adding four new delivery stations that will increase its total area by 70 percent, speeding up the handling of deliveries and increasing its reach. The operations expansion in the UAE will include new openings, closure of older buildings and upgrades, it said.

In the US, the online retailer recently raised its starting wages to more than $18 an hour and offering signing bonuses as it struggled to attract new workers in tight labor market conditions, according to a Reuters report.