Search Site

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.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.
  • Abu Dhabi’s non-oil foreign trade in Q1 grows by 15 percent to $16.74 billion

    Abu Dhabi’s non-oil foreign trade in the first quarter (Q1) of 2022 amounted to AED61.522 billion ($16.74 billion), a 15...

    Exports grew by 35 percent in the first three months of the year compared to the same period of last year  to reach AED24.449 billion.

    Saudi Arabia accounted for the largest share of total trade of 23 percent, valued at AED13.921 billion.

  • Apple looks to foil secret AirTag tracking with tweaks

    Apple said it is working on enabling iPhones to more precisely locate AirTags to help people find any planted without...

    AirTags can be used for synching wirelessly to iPhones, iPads or iPod Touch devices to signal where it can be found

    Reports surfaced of AirTags being secretly stuck on a car to later steal it or find out where the owner is headed to

  • ‘The Rock’ diamond goes under the hammer

    The Rock, currently in the hands of an unnamed owner from North America could break records at a sale in...

    The large diamond was extracted from a mine in South Africa in the early 2000s and has been shown in Dubai, Taipei and New York ahead of the sale in Geneva.

    The Rock is up for grabs alongside a historic intense yellow diamond associated for more than a century with the Red Cross, which will receive some of the profits from its sale.

  • Emir of Qatar to visit Iran to boost World Cup cooperation

    Qatar's emir, Sheikh Tamim bin Hamad al-Thani, is to visit Tehran Thursday following the Iranian president's visit to Doha, Iran's...

    Iranian foreign ministry spokesman Saeed Khatibzadeh said Monday that the Qatari leader would visit Tehran "in response to President Ebrahim Raisi's visit to Doha"

    Ties between Doha and Tehran have grown close over the years, with the two countries sharing the world's largest natural gas field

  • China, Europe to lead record renewable energy growth in 2022: IEA

    The world will set a new record for renewable power capacity this year led by solar energy in China and...

    An additional 320 gigawatts is expected to be installed this year, equivalent to the entire electricity demand of Germany or the European Union's total generation from natural gas.

    Solar energy will account for 60 percent of renewable power growth in 2022, ahead of wind and hydropower, according to the agency, which advises developed nations on energy policy.

  • Alpha Dhabi Q1 net profit $773m

    Revenues stood at AED8.17 billion, a year-on-year increase of 700 percent.

    This was the first set of Q1 results for Alpha Dhabi since its direct listing on ADX in June 2021.

    The company's acquisitions and investments totaled AED5.21 billion.

  • Toyota posts record net profit

    The growth was helped by strong sales and a cheaper yen.

    The Japanese auto giant kept its crown as the world's top-selling carmaker in 2021

    For the current year to March 2023, it said it expects to post an annual net profit of $17.3 billion

  • Qatar announces first arrests for fake World Cup merchandise

    Approved merchandise has gone on sale in stores, but cheap imitations are available in street markets and online. Thousands of...

    FIFA sent out a phone text messages to Qatari numbers to dissuade the illegal use of the tournament emblem

    Approved companies for FIFA World Cup started selling products in stores, but cheap imitations can be found in street markets

  • Empower provides district cooling services to 17% of the hotels in Dubai

    Empower revealed this at the launch of the ‘Arabian Travel Market 2022’, which is being held at the Dubai World...

    Empower revealed this at the launch of the ‘Arabian Travel Market 2022’, which is being held at the Dubai World Trade Centre

    Empower expects its growth in the share of the hospitality sector to go up as a result of dozens of new applications received by the company from developers of new hotels

  • Final refrain for iPod as Apple stops production

    It packed "a mind-blowing 1,000 songs" the company said at the time, and together with Apple's iTunes shop established a...

    It packed "a mind-blowing 1,000 songs" the company said at the time, and together with Apple's iTunes shop established a new distribution model for the music industry

    The trend toward streaming music services, including one by Apple, has made devices designed just for carrying digital tunes around less enticing for consumers