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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.

Bahrain scores high in gender equality, women’s economic participation

Bahrain had reported a deficit of $1.38bn in H1 2021.
  • The report, compiled by World Bank Group’s Women, Business and the Law 2022, examines laws and regulations that restrict women’s economic inclusion.
  • Bahrain’s overall score improved by 9.4 points to a score of 65 out of 100, attributable to Bahrain gaining the perfect score of 100 in the Pay indicator.

The World Bank has reported that Bahrain’s score improved to 73 percent in women’s economic participation and gender equality from 2018 to 2022.

The report was compiled by World Bank Group’s Women, Business and the Law 2022.

This report examines laws and regulations that restrict women’s economic inclusion in 190 countries based on eight indicators revolving around the life cycle of a working woman.

Bahrain’s overall score improved by 9.4 points to a score of 65 out of 100 attributable to Bahrain gaining the perfect score of 100 in the Pay indicator, which reflects robust legislations on gender equality in the labor market.

Bahrain has also attained the perfect score of 100 in the Entrepreneurship indicator measuring equal treatment within the entrepreneurial landscape.

The Workplace indicator was another area of strength that Bahrain was recognized for, earning a score of 75/100.

This achievement comes against the backdrop of the Kingdom’s issuance of Decree-Law 16 of 2021, amending some provisions of Law 36/2012, promulgating the Labor Law in the Private Sector.

The decree includes a new paragraph that prohibits any discrimination in male or female wages in work of equal value.

The decree also repealed articles that limit women’s opportunities in certain fields of employment, including those with night shifts.

It will help the Bahraini women to enjoy greater flexibility and equal opportunities as a result, maximizing their economic contribution without any restrictions or conditions.

Bahrain’s positive performance in the Women, Business, and Law 2022 report fortifies its belief in the principles of gender equality as well as the integral role of Bahraini women in the development of the economy.