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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.

Turkey appoints new envoy to Israel after four-year gap

  • Sakir Ozkan Torunlar is a veteran diplomat who has served as Turkey's consul general in Jerusalem between 2010 and 2014
  • Ankara withdrew its ambassador to Israel in May 2018 and threw out the Israeli envoy over the Israeli army's killing of dozens of Palestinians

Turkey has appointed an ambassador to Israel after a gap of four years in the latest step towards normalising ties with the Jewish state.

Sakir Ozkan Torunlar, a veteran diplomat who had served as Turkey’s consul general in Jerusalem between 2010 and 2014, was named to the post in a presidential decree late Friday, Turkish media reported.

Ankara withdrew its ambassador to Israel in May 2018 and threw out the Israeli envoy over the Israeli army’s killing of dozens of Palestinians.

Israel riposted by sending back the Turkish consul in Jerusalem.

Ties between the two soured after Turkish leader Recep Tayyip Erdogan criticised Israel’s policy towards Palestinians under the previous governments of its new Prime Minister Benjamin Netanyahu.

But Erdogan sent a congratulatory letter to Netanyahu after his victory in elections held earlier this month.