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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.

Egypt’s economy to grow 5.2 percent in current fiscal: IMF

    • FDI is forecast to rise to $8.6 billion this fiscal

    • The average inflation rate is seen at 6.6 percent this fiscal

    Egypt’s economy is expected to grow 5.2 percent during the current fiscal, compared to a projected growth rate of 2.8% in the last financial year. This is the assessment of the International Monetary Fund that has forecast Foreign Direct Investment to rise to $8.6 billion in the ongoing financial year.

    As for FY22/23, the country’s real gross domestic product (GDP) growth is projected to accelerate to 5.6%, according to a report by the IMF.

    The average inflation rate is seen at 6.6% in FY21/22 and 6.8% in FY22/23.

    Foreign direct investment (FDI) is forecast to rise to $8.6 billion in FY21/22, $11.7 billion in FY22/23, $14.9 billion in FY23/24, and $16.5 billion in FY24/25.