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DP World posts record $20bn revenue

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.

Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.

ADNIC okays 45% dividend for 2024

The company achieved its highest ever revenue and net profit.

stc net profit for 2024 $6.58bn

This is an increase of 85.7 percent over the previous year.

Greece to join US-led naval coalition against Houthi rebels

Huthis say they are firing missiles and drones on passing container ships in support of Palestinians in the Gaza war. (AFP)
  • A Greek navy frigate will join the task force on orders from Prime Minister Kyriakos Mitsotakis, said Defense Minister Nikos Dendias
  • As a foremost shipping nation, Greece had a "fundamental interest" in addressing a "massive threat" to global maritime transport, he said

Athens, Greece – Greece will join a US-led naval coalition to protect the Red Sea global shipping lane from Yemen’s Houthi rebels, the defense minister said Thursday.

A Greek navy frigate will join the task force on orders from Prime Minister Kyriakos Mitsotakis, said Defense Minister Nikos Dendias.

As a foremost shipping nation, Greece had a “fundamental interest” in addressing a “massive threat” to global maritime transport, Dendias said in a televised statement.

The task force announced by US Defense Secretary Lloyd Austin on Monday initially included Britain, Bahrain, Canada, France, Italy, the Netherlands, Norway, Seychelles and Spain.

The Iran-backed Houthis say their missile and drone strikes on passing container ships are in support of Palestinians in the Gaza war raging between Israel and Hamas since October 7.

The attacks in waters leading to the Suez Canal, a chokepoint for about 10 percent of global trade, have forced many shipping companies to divert their vessels.