Search Site

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.

Oman floats tender for new container terminal at Duqm port

    • This is an international competitive tender process to help Oman choose who gets to develop and manage a world-class container terminal planned at the port

    • An Invitation to Prequalify floated by the Port of Duqm solicits Expressions of Interest from qualified parties

    Oman has launched the tendering process through which it will choose a partner to build a container terminal at the Port of Duqm, said local reports on Monday, July 19.

    The reports said that this was an international competitive tender process that would help Oman choose who gets to develop and manage a world-class container terminal planned at the port.

    An Invitation to Prequalify floated by the Port of Duqm solicits Expressions of Interest from qualified parties, said the reports.

    One of these parties would then go on to acquire a 30-year license to develop and operate the first phase of the container terminal project.

    The last date for interested parties to submit the bids is September 9, said the local reports.

    On completion, it will apparently have a capacity of 1.7 million TEUs, with additional scope for expansion.

    Future capacity additions could potentially boost container handling volumes to over 20 million TEUs per year, said the reports.

    The authorities are also said to have planned along the commercial berth a 300-m dry bulk terminal with a capacity of about 5 million metric tons per year.

    Talks are also underway for a 425-m multipurpose terminal with a cargo-handling capacity of 800,000 MT per year, said the reports.