Search Site

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.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

SCC committee discusses issues related to Sharjah’s economy and tourism

Important topics were also reviewed, including projects to establish hotels, stimulate investments and enhance tourism infrastructure. (WAM)
  • The committee addressed the outcomes of its recent visit to Sharjah Commerce and Tourism Development Authority.
  • The committee was briefed about the authority’s efforts to stimulate tourism by conducting events throughout the year.

SHARJAH, UAE – The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss points to be raised on the policy of Sharjah Commerce and Tourism Development Authority (SCTDA), during the next session.

A number of key issues related to stimulating economic growth and enhancing tourism sectors in the Emirate were reviewed.

The committee addressed the outcomes of its recent visit to the SCTDA, wherein it was briefed about the authority’s efforts to stimulate tourism by conducting events throughout the year.

During the meeting, the Financial, Economic and Industrial Affairs Committee discussed many issues pertaining to SCTDA’s role in augmenting its contribution to the local economy and strengthening tourism in Sharjah.

Important topics were also reviewed, including projects to establish hotels, stimulate investments and enhance tourism infrastructure.

The meeting, which was held at SCC headquarters, was attended by a number of senior officials.