Search Site

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.

Algeria fires burned UNESCO-listed park: expert

Algeria's forest fire has damaged around 10,000 hectares of El Kala Biosphere Reserve. (AFP)
  • UNESCO's website says it is the last refuge of the Barbary Red Deer and "home to a very remarkable bird life, more than 60,000 migratory birds every winter"
  • Civil Defense Colonel Boualem Boughlef said on television that since June 1, 1,242 fires have destroyed 5,345 hectares of woodlands in Algeria
More than 10 percent of a UNESCO-listed biosphere reserve has been destroyed by fires that tore through northeastern Algeria, killing at least 38 people, an expert told AFP on Saturday. 

 

The figure cited by Rafik Baba Ahmed, former director of the El Kala Biosphere Reserve, means that the burned area of the park alone is almost double what the civil defense service said has been destroyed throughout Africa’s largest country since June.

Algeria’s northeast was particularly hard-hit since Wednesday in blazes exacerbated by climate change but the fire service on Saturday said most of the fires there had been put out.

“The Wednesday fires damaged around 10,000 hectares (24,700 acres)” of the park, Baba Ahmed said.

According to UNESCO, the United Nations cultural agency, El Kala Biosphere Reserve covers more than 76,000 hectares.

It is the last refuge of the Barbary Red Deer and “home to a very remarkable bird life, more than 60,000 migratory birds every winter”, UNESCO’s website says.

According to Baba Ahmed, forest covers 54,000 hectares of the park and most of the trees are cork oak.

“It is considered one of the main biodiversity reserves in the Mediterranean basin,” he said, “very pessimistic” about the area’s future.

Civil Defense Colonel Boualem Boughlef said on television Friday night that since June 1, 1,242 fires have destroyed 5,345 hectares of woodlands in Algeria.

Baba Ahmed said that figure is not realistic.