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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.

More than 50 people killed in Israeli strikes on Rafah

  • Israeli military said that it had conducted a series of strikes in the Gaza Strip
  • Israeli PM Benjamin Netanyahu has ordered his army to prepare a ground offensive on Rafah

Palestinian Territories– At least 52 people were killed in heavy air strikes on densely crowded Rafah in southern Gaza before dawn on Monday, according to the Hamas-run territory’s health ministry.

AFP journalists and witnesses heard an intense series of strikes and saw smoke billowing above the city, which now hosts more than half of Gaza’s total population after they fled bombardment elsewhere on the Strip.

The strikes hit 14 houses and three mosques in different parts of Rafah, according to the Hamas government.

The Israeli military said in a statement on Monday that it had “conducted a series of strikes on terror targets in the area of Shaboura in the southern Gaza Strip”, adding that the strikes had concluded.

Israeli Prime Minister Benjamin Netanyahu has ordered his army to prepare a ground offensive on Rafah, Gaza’s last major population center that troops have yet to enter after Hamas’s October 7 attacks sparked the war.

About 1.4 million Palestinians have crowded into Rafah, with many living in tents while food, water and medicine are becoming increasingly scarce.