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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.

How do MENA oil prices compare with the world?

  • Russia is a major supplier of oil to European countries and the United States, besides other countries
  • However, they are not accepting crude from Russia anymore, pushing up prices of oil from elsewhere

Prices of crude oil have skyrocketed across the world, thanks to the Russian invasion of Ukraine and the subsequent sanctions placed on Moscow.

After all, Russia is a major supplier of oil to Europe and the United States, besides other countries.

However, they are not accepting crude from Russia anymore, and have urged the world to follow suit.

As a result, products like petrol and diesel have also become more expensive — albeit to different degrees — in countries across the globe.

Subsequently, rich nations earlier this month said they would release 120 million barrels of oils from their reserves to rein in those runaway prices.

Till that last part happens, here’s a quick look at how much petrol costs in countries within the Middle East and North Africa (MENA) region, and how that compares to oil prices across the world: