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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.

New weekly container ship service to connect Cochin, Chennai ports with MENA

     

    • The new service is jointly operated by a global shipping line –Evergreen Line, and feeder operators–Feedertech and Express Feeders

    • The new service will further boost trade between India and UAE

     

     

    Global logistics company DP World has welcomed a new weekly India South Gulf (ISG) Service at its port terminals in Chennai, Tamil Nadu and Cochin, Kerala, media reports in India said.

    The new service is jointly operated by a global shipping line –Evergreen Line, and feeder operators–Feedertech and Express Feeders.

    The new weekly service will directly connect DP World-operated Chennai Container Terminal (CCT) and International Container Transshipment Terminal (ICTT) at Cochin with the Middle East Region.

    “With the addition of this service, both CCT and ICTT will boast of three direct weekly services to and from the Middle East,” the reports said. “The new service will further boost trade between India and UAE thereby providing customers more options to move their cargo on this key and the fastest growing trade lane”.

    The service, the reports said, will  benefit customers from Kerala and Tamil Nadu as well as those based out of Bangalore who can use rail connections to connect cargo directly to ICTT.

    The service commenced with the call of vessel MV Ever Chant operated by Evergreen Line at Chennai and Cochin. MV Hansa Rotenburg operated by Feedertech was the second vessel deployed on this service.