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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.

Turkey and Greece to take steps to improve economic ties

    • The feuding NATO members are often at loggerheads over unresolved issues

    • Tensions between the two flared last year over a maritime jurisdiction in the Mediterranean

    Turkey and Greece, two NATO members caught up in a long love-hate relationship, will start taking concrete steps and working on joint projects to improve economic and commercial ties, Turkish Foreign Minister Mevlut Cavusoglu said after talks in Athens, as the NATO members seek to repair ties.

    Tensions between the two flared last year over a dispute over maritime jurisdiction and offshore rights in the eastern Mediterranean, and the countries traded barbs on Sunday over the status of Muslim minorities in Greece.

    Speaking at a news conference with his Greek counterpart Nikos Dendias in Athens, Cavusoglu said they reached an understanding on 25 articles to improve commercial ties, and both countries would recognize each other’s COVID-19 vaccinations, in a move to help tourism.

    Cavusoglu said Turkish President Tayyip Erdogan and Greek Prime Minister Kyriakos Mitsotakis were planning to meet at the NATO summit in Brussels on June 14.