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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.

UAE removes most Covid restrictions and eases mask rules

  • Wearing masks in the UAE will now be optional in all open and closed facilities, including places of worship and mosques
  • Organizers of sports activities also have the option to require PCR tests or vaccination certificates as requisite to participate or attend their events

Dubai, UAE—The United Arab Emirates has dropped almost all Covid restrictions as the rate of infection considerably drops in the country.

Wearing masks in the UAE will now be optional in all open and closed facilities, including places of worship and mosques, except for health facilities and centers for people of determination, where it will be mandatory, Dr. Saif Al-Dhaheri, spokesperson of the National Emergency Crisis and Disasters Management Authority (NCEMA), said in an earlier briefing.

“As for mosques and musallas, we also announce that praying on personal mats will be optional, as it is no longer mandatory after the date of activating the decision. As for the Al Hosn App use will be limited to proof of vaccination certificates and test results inside and outside the country upon request. Thus green pass is not required to enter public facilities and sites,” the spokesperson told media.

Organizers of sports activities also have the option to require PCR tests or vaccination certificates as requisite to participate or attend their events.

“Last September, we announced several measures to ease restrictions related to COVID-19. Today, we announce the second phase of the easing of restrictions, after studying the epidemiological situation in the country while monitoring occupancy rates in hospitals and intensive care for COVID-19 cases,” Dr. Al-Dhaheri said.

Despite the lifting of COVID-19 restrictions, PCR testing and treatment health facilities would continue to operate and individuals with positive results are still required to undergo five days of isolation to prevent spread of the disease.

Dr. Al-Dhaheri also clarified health authorities would continue to monitor the ‘epidemiological situation in the country, which are to be announced on an ongoing basis,’ and the recent announcements could be updated depending on the situation.