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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.
  • Iraqis saddest people in Arab region: Report

    Political, economic and social crises in the Middle East countries has led to an implosion of negative emotions among their...

    Lebanon, Egypt and Tunisia follow Iraq, according to Gallup World Poll.

    Research has revealed that emotions usually drive bad investment decisions.

  • UAE operating aid air bridge to Kabul: airport manager

    The UAE have been key staging posts for evacuation flights for foreigners and Afghans

    The UAE have been key staging posts for evacuation flights for foreigners and Afghans

    More than two thirds of the 120,000 Afghans and foreigners who fled Afghanistan on evacuation flights landed in the UAE and Qatar

  • Businessman Aziz Akhannouch to head Morocco’s government

    The king appointed Akhannouch "head of the government and tasked him with forming a new government", following Wednesday's polls, a...

    The RNI won 102 of parliament's 395 seats, thrashing the moderate Islamist Justice and Development Party (PJD), which took just 13 seats

    Akhannouch has hailed "the popular will for change", calling the results "a victory for democracy."

  • Biden calls Xi to ease friction in US-China ties

    President Joe Biden spoke with China’s Xi Jinping on Thursday amid growing frustration on the American side that high-level engagement...

    The White House is hopeful the two sides can work together on issues of mutual concern despite growing differences

    The White House is hopeful the two sides can work together on issues of mutual concern — including climate change and preventing a nuclear crisis on the Korean Peninsula

  • US praises Taliban for Afghanistan evacuation

    The United States on Thursday praised the Taliban as businesslike and cooperative in facilitating the first evacuation of Americans from...

    A round-the-clock airlift in the final two weeks of the war shuttled more than 123,000 people

    “The Taliban have been cooperative in facilitating the departure of American citizens and lawful permanent residents”

  • IMF’s SDR allocation to benefit rich MENA nations

    The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves.

    The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves

    SDR allocations will help most vulnerable countries struggling to cope with the impact of the COVID-19 crisis

  • Iran mulls preferential trade agreement with Lebanon

    The director-general of the Iranian Trade Promotion Organization’s Office of Arabian and African Countries has said Iran is in talks...

    Lebanon is currently suffering under one of the world’s worst economic crises since the mid-1800s

    The situation is such that senior economist Nasser Saidi has said hyperinflation is imminent in the country

  • Two decades after 9/11, Saudi Arabia seeks economic reform, softer image

    Women can drive and cinemas have reopened in the "new" Saudi Arabia under crown prince and de facto ruler Mohammed...

    Women can drive and cinemas have reopened in the "new" Saudi Arabia under crown prince and de facto ruler Mohammed bin Salman

    MBS as crown prince is called, has brought a string of economic, social and religious changes

  • Islamists routed by liberal parties in Morocco

    The Justice and Development Party which headed the ruling coalition for a decade saw its support collapse from 125 seats...

    The Justice and Development Party which headed the ruling coalition for a decade saw its support collapse from 125 seats in the outgoing assembly to just 12

    The liberal parties like the National Rally of Independents and the Authenticity and Modernity Party got 97 and 82 respectively

  • US defense secretary defers visit to Saudi Arabia

    Austin traveled to the Gulf region earlier this week, a week after the chaotic US withdrawal from Afghanistan ended. He...

    Austin first went to Doha with Secretary of State Antony Blinken to visit the main base for the massive airlift set up by the United States out of Kabul

    He then traveled to Kuwait, where he met Wednesday with the country's leaders

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