Search Site

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.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Morocco and Israel face off in women basketball ‘friendly’ game

The Moroccans came out on top, 62-58, in a match organised on the sidelines of a framework cooperation agreement.
  • According to the Israel Basketball Federation (IBBA) website, it was the first time that Arab female players had faced an Israeli national team in their country
  • There were no spectators at the invitation only event

The Moroccan women’s basketball team hosted their Israeli counterparts for the first time on Wednesday in a quiet slice of sporting diplomacy played out in front of invited guests only.

The friendly game, a first in the framework of sports cooperation since the normalization of ties between the two countries at the end of 2020, took place in a gymnasium in Sale, near Rabat.

There were no spectators at the invitation only event, said an AFP journalist.

According to the Israel Basketball Federation (IBBA) website, it was the first time that Arab female players had faced an Israeli national team in their country.

The Moroccans came out on top, 62-58, in a match organized on the sidelines of a framework cooperation agreement signed Tuesday in Rabat between the Royal Moroccan Basketball Federation (FRMBB) and the IBBA in order to develop sports exchanges, according to a press release.

“Through this cooperation, the Moroccan party aims, among other things, to benefit from the experience of the Israeli Federation which was founded in 1934 and which has accumulated a great deal of experience in terms of supervision, training and financial management,” the statement said.

The agreement provides in particular for the organization of tournaments and friendly matches at all levels and the participation of Moroccan coaches in advanced training courses in Israel.