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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.

Tehran on alert as anti-water protests spread in Iran

    • Anti-riot police vehicles and armed motorcycle security personnel were stationed at the Azadi Square in Tehran on Wednesday

    • This came after protesters chanted anti-government slogans at a metro station in Tehran earlier in the day

    Iranian authorities put anti-riot measures in place in capital Tehran on Wednesday, July 21, following continued and spreading water protests in the Khuzestan province, said local reports.

    The reports said anti-riot police vehicles and armed motorcycle security personnel were stationed at the Azadi Square in Tehran on Wednesday in anticipation of protests spilling over from the oil-rich southwest province.

    This came after protesters chanted anti-government slogans at a metro station in Tehran earlier on Wednesday, said the reports.

    Iran is currently facing what experts say is its worst drought in 50 years. It has reportedly affected not just agriculture and livestock-farming but households as well.

    One of the worst-hit areas is the Khuzestan province, which is traditionally home to the country’s Arab minority.

    As such, the protests are taking a political turn as people in the region excoriate the elite Islamic clerics currently ruling the country.

    Two young men have already died in the protests, said the reports. While the authorities blamed armed protesters for the deaths, the agitators pointed the finger of blame at the security forces.