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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.

UAE, China eye $200bn bilateral trade by 2030

Both countries expect the bilateral trade to reach $200 billion by 2030.
  • It re-exports more than 60 percent of Chinese exports to the region, where the value of trade exchange between the two countries has exceeded $70 billion.
  • Ali Obaid Al Dhaheri, UAE Ambassador to China, said early this month that UAE and China ties were a "successful model" for international bilateral relations.

Dubai, UAE—Ali Obaid Al Dhaheri, UAE Ambassador to China, said early this month that UAE and China ties were a “successful model” for international bilateral relations. He indicated that as one of the first countries to join the Belt and Road Initiative, the UAE has become the main logistical centre in the Middle East and North Africa. It re-exports more than 60 percent of Chinese exports to the region, where the value of trade exchange between the two countries has exceeded $70 billion. Both countries hope to increase the trade to $200 billion by 2030. TRENDS takes a look at the major commodities exchanged between the two countries: