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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 to support stability in Libya as it prepares to hold elections

     

    • President Sisi called Libyan institutions to fulfill their national duty

    • Egypt, Libya discussed how to strengthen cooperation and support the political process in the war-torn country

    Egypt has reiterated its support for the Libyan government as the latter prepares to hold elections by the end of the year expected to bring in stability in the politically unstable North African nation.

    According to Egypt Today, President Abdel Fattah El-Sisi has affirmed Cairo’s support for the Libyan government to achieve stability, presidential spokesperson Bassam Radi said. Radi issued the statement on Thursday following Egypt intelligence chief Abbas Kamel’s visit to Tripoli, where he met with Abdel Hamid Al-Dabaiba, Libya’s Prime Minister-designate of the new Government of National Unity. They discussed how to strengthen cooperation and support the political process in the war-torn country.

    Sisi affirmed that the efforts exerted for national unity in Libya are a key pillar for its stability, renewing Egypt’s support for carrying out the Libyan elections.

    Sisi called on Libyan institutions concerned with the upcoming elections to fulfill their national duty, the report said. Meanwhile Egypt’s Minister of Foreign Affairs Sameh Shokry met with his Libyan counterpart Naglaa Al-Manqoush on the sidelines of an Arab ministerial meeting in Doha earlier this week.

    Both ministers discussed developments in Libya as the latter prepares to hold elections by the end of the year.