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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.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Dubai tourism achieves robust growth in 2022

  • The increased flow of tourists helped improve hotel occupancy across the emirate, which reached 76 per cent during the period, the highest globally in Q1.
  • Successful handling of the pandemic, a safe environment for travelers and world-class infrastructure have contributed towards the rising tourist inflow.

Dubai’s tourism sector recovered fast after the easing of Covid-19 restrictions, registering a 203 percent increase in the number of visitors in the first four months of 2022.

The increased flow of tourists helped improve hotel occupancy across the emirate, which reached 76 per cent during the period, the highest globally in Q1.

Successful handling of the pandemic, a safe environment for travelers—Dubai was rated the third safest city to travel for solo female travelers—world-class infrastructure have contributed towards the rising tourist inflow.

Helal Saeed Almarri, director general, Dubai’s Department of Economy and Tourism (DET) recently said the department was building on the massive momentum generated by Expo 2020 to drive growth across various tourism sectors.

Media reports said the department is also looking to promote the destination beyond its current popularity as a family and shopping getaway in the Indian market, focusing on luxury, golf, adventure, culture and wedding.

Here is how the emirate’s tourism sector performed so far in 2022.