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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.
  • GCC, US vow to work jointly for regional stability

    The strategic partnerships between the two sides seek to focus on peace, security, stability, integration, and economic prosperity in the...

    The strategic partnerships between the two sides aim at focusing mainly on peace, security, stability, integration, and economic prosperity in the Middle East.

    Beside supporting Yemeni peace efforts and humanitarian needs, the US and GCC also make a commitment to freedom of navigation and maritime security in the Gulf region.

  • Eurozone in recession after two successive quarters of shrinking GDP

    The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second...

    The worse-than-expected figures come as inflation and higher interest rates have curbed demand in Europe's largest economy.

    Two consecutive quarters of shrinking gross domestic product is the threshold for a technical recession.

  • US remains invested in Gulf partnerships, Blinken tells diplomats

    Blinken spoke during a Gulf Cooperation Council ministerial meeting in the capital Riyadh following talks with Saudi Foreign Minister Prince...

    The meetings came a day after Blinken flew into Jeddah, kickstarting a visit aimed at boosting ties with Saudi Arabia, which has begun forging closer ties with Washington's rivals.

    "The GCC is the core of our vision for a Middle East that is more stable, more secure, more prosperous," Blinken said at the opening of the US-GCC ministerial meeting.

  • Ruling Fatah party faces decline in West Bank, says official

    His comments were a rare acknowledgement by a senior Abbas ally of waning fortunes for the party which has dominated...

    "I can tell you there is something of a decline in Fatah's presence among the masses," Mahmud Aloul, official of President Mahmud Abbas' Fatah party said.

    At 72, Aloul is one of the most senior figures in the Palestinian movement and is often mentioned as a possible successor to 87-year-old Abbas.

  • AI meets VR to keep Holocaust memory alive

    Through AI, users of a VR headset can have a "conversation" with Holocaust survivor Inge Auerbacher, asking about her encounters...

    The project is a collaboration between Los Angeles-based company StoryFile, the World Jewish Congress and Facebook-owner Meta,

    StoryFile co-founder Stephen Smith, who has worked in Holocaust education, said the technology allows users to "talk to history through the people who went through it".

  • Iran’s emerging pivot to Russia and China is for strategic leverage: study

    Dubai, UAE - Iran’s pivot to Russia and China has been driven by various factors, most notably the United States'...

    The decision by the Trump administration to abandon the nuclear deal deeply disillusioned the Iranian leadership

    Iran's incremental moves toward China and Russia is said to indicate an unwillingness to redefine its national security doctrine

  • Blinken meets Saudi Crown Prince in fresh bid to mend ties

    Riyadh, Saudi Arabia - US Secretary of State Antony Blinken met with Saudi Crown Prince Mohammed bin Salman in Jeddah,...

    The Secretary expressed appreciation for Saudi Arabia in hosting the D-ISIS Ministerial and stressed our joint efforts to fight terrorism, US State Department said

    Crown Prince and Blinken reviewed the bilateral relations and aspects of cooperation in various fields and ways to enhance them, Saudi Press Agency said

  • Kuwait elects new parliament dominated by opposition

    Lawmakers from opposition won 29 of the 50 seats up for grabs in the election, according to results announced by...

    According to the Kuwait Transparency Society, an NGO, turnout touched 50 percent one hour before polls closed, which is lower than last year's voter turnout of 63 percent

    Janan Bushehri. the only female member to be elected in the new parliament, said that she expected it to seek stability and make progress on economic or political issues

  • China firms under sanction by US for assisting Iran missile program

    WASHINGTON, US- The United States placed sanctions on Tuesday on several Chinese and Hong Kong firms it said were supplying Iran's...

    The US Treasury said the Chinese companies shipped centrifuges for producing fuels, non-ferrous metals with potential military use.

    Washington is concerned that Iran plans to develop nuclear weapons that could be loaded on ballistic missiles to menace Israel.

  • Italian PM says making efforts for Tunisia IMF bailout

    Italian Prime Minister Giorgia Meloni said Rome backed efforts to secure an IMF bailout for Tunisia and support to tackle...

    The IMF has called for legislation to restructure over 100 state-owned firms, which hold monopolies over many parts of the economy.

    Tunisia is struggling under crippling inflation and debt estimated at around 80 percent of its gross domestic product.