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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.

Oil tanker blows up in fire on Makkah-Jeddah expressway

  • A video posted to the Makkah region’s official Twitter account showed cars driving by a raging fire stretching across the central divide of the highway
  • Civil Defense teams at the site eventually managed to control the fire, authorities announce soon after 2 a.m. on Tuesday

A speeding car rammed into an oil tanker, causing the tanker to explode into a ball of fire on the Makkah-Jeddah expressway. At least ten more vehicles also caught fire, but miraculously there were no fatalities or burn injuries, according to the local authorities.

A video posted to the Makkah region’s official Twitter account showed cars driving by a raging fire stretching across the central divide of the highway. Shortly after, vehicles were diverted away from the scene.

Civil Defense teams at the site eventually managed to control the fire, authorities announce soon after 2 a.m. on Tuesday.

The highway, also known as the Haramain Expressway, is the key route into the holy city of Makkah from the west.