Saudi Arabia’s output cut stabilizes global oil market
The market has raised prices in response to Saudi production cuts, anticipating tighter supplies. This shows producers' efforts to prevent oil prices from dropping significantly.
This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.
Russian military operation
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.
