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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.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Saudi Arabia, Seychelles to expand cooperation in tourism sector

The MoU was signed by the Saudi Minister of Tourism, Ahmed Al-Khateeb, and his counterpart, Sylvestre Radegonde. (SPA)
  • Saudi’s tourism ministry signed an MoU with the Ministry of Foreign Affairs and Tourism of Seychelles.
  • The MoU aims at supporting the efforts of tourism institutions and associations via holding conferences.

Saudi Arabia and Seychelles will form a partnership to boost cooperation and exchange expertize in tourism sector which includes planning, investment, and developing tourism sites and projects.

Saudi’s tourism ministry signed an MoU with the Ministry of Foreign Affairs and Tourism of Seychelles regarding the same.

The MoU aims at supporting the efforts of tourism institutions and associations via holding conferences, entertainment programs, seminars, and exhibitions.

The MoU was signed by the Minister of Tourism, Ahmed Al-Khateeb, and his counterpart, Sylvestre Radegonde.

The two discussed the importance of tourism and its role in increasing economic growth, creating job opportunities, and promoting sustainable development and cooperation between the two countries.