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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.

Iraq to hold first provincial elections in a decade on Nov 6

  • Iraqi parliament confirmed Monday date of the elections through a statement as its members agreed on it overnight.
  • The elections are scheduled to be held in 15 provinces, while three provinces in Kurdistan region will be left out.

Baghdad, Iraq – Iraq’s parliament has set November 6 as the date for elections for provincial councils, powerful bodies that were dissolved amid anti-government protests in 2019.

“Provincial elections will take place on November 6, 2023,” a statement from parliament said Monday, after lawmakers agreed on the date overnight.

The elections for the councils, the first in a decade, will take place in 15 of 18 Iraqi provinces, excluding the three provinces in the autonomous Kurdistan region of northern Iraq.

The provincial councils, created by the 2005 constitution following the fall of Saddam Hussein’s regime, carry relatively significant power in federal Iraq, including allocating the budgets for health, transport and education.

The last provincial elections took place in 2013, when loyalists of then prime minister Nuri al-Maliki came out on top.

The next provincial elections should have taken place in 2018 but were postponed.

A year later, amid vast anti-government rallies, protesters demanded and obtained the dissolution of the provincial councils, in part because critics accused them of being rife with corruption.

Alaa al-Rikabi, an independent MP who emerged in the aftermath of the October 2019 protest movement, condemned the return of the councils.

“We refuse to allow them to be reinstated,” he said, adding that they “open the door wide to corruption”.