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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.
  • Israel and Hezbollah: A complex history of decades-long conflict and tensions

    Nicosia, Cyprus - Israel and Lebanon's Shiite Muslim movement Hezbollah, whose leader Hassan Nasrallah was killed in an Israeli air strike on a Beirut suburb, have been sworn enemies for decades.Here is a history of their long conflict:1982: Israel invades Lebanon; birth of HezbollahHezbollah -- the "Party of God" -- was...
  • Israel says Lebanon offensive plan ‘approved’ as tensions surge

    Palestinian Territories - The Israeli army on Tuesday said plans for an offensive in Lebanon were "approved and validated" amid escalating cross-border clashes with Hizbollah and a relative lull in Gaza fighting.The war in Gaza has heightened tensions across the region, with Israeli forces and Lebanon's Iran-backed Hizbollah, a Hamas...
  • Singapore makes Israel embassy delete ‘insensitive’ Palestinian post

    Singapore, Singapore--Singapore made the Israeli embassy in the city-state take down an "insensitive" social media post about the Palestinians over the weekend after warning it could inflame tensions, the interior minister said Monday.Israel's war on Gaza and deepening humanitarian crisis in Gaza since the fighters of Hamas launched unprecedented attacks on...
  • Western countries shelve plans to censure Iran at UN nuclear meet

    Western powers will not censure Iran over its lack of cooperation with the UN nuclear watchdog at its Board of Governors meeting for fear of aggravating geopolitical tensions, diplomats said. Last week, the International Atomic Energy Agency said in confidential quarterly reports that Tehran's cooperation with the agency remained poor...
  • China, Russia blame US for stoking Middle East tensions

    The US forces targeted many positions in Syria and Iraq in retaliation for a drone attack on a base in Jordan that killed three US soldiers. The strikes, which targeted elite Iranian units and pro-Iranian militant groups, have led to fears that the ongoing war in Gaza could spiral into...
  • US to sell drones worth $4bn to India to bolster its defenses against China

    The United States approved a $4 billion sale of state-of-the-art drones to India, offering a new edge to the growing US partner. The sale marks a milestone in Indian purchases of American weapons after New Delhi's reliance on weapons from Russia, which have been increasingly controversial due to sanctions over...
  • US vows to respond after troops killed in Jordan

    US President Joe Biden held Iran-backed fighters responsible for the killing of US troops and vowed to hold the perpetrators to account. It is the first time American soldiers have been killed by hostile fire in the region since Israel launched its war on Gaza, and the incident will further...
  • Global trade likely to decline in 2023 due to changing trade patterns, geopolitics

    DUBAI, UAE - The outlook for 2024 remains “highly uncertain and generally pessimistic,” UNCTAD says in the Global Trade Update, citing factors like ongoing geopolitical tensions, escalating debt and widespread economic fragility.Other elements weighing on trade include lower demand in developed countries, less trade in East Asia, an uptick in...
  • Egypt, Sudan and Ethiopia restart Nile dam talks

    The massive $4.2-billion dam built by Ethiopia has stoked tensions with Egypt and Sudan as they fear the dam will severely reduce their share of Nile water. Both nations have repeatedly asked Addis Ababa to stop filling it until an agreement has been reached. The talks are expected to pave...
  • US supports China’s bid to advance Middle East peace

    Saudi-Iran peace deal will reduce tensions in the region and would solve some of the problems if not all, says US Secretary Antony J. Blinken in an interview.
  • US supports China’s bid to advance Middle East peace

    Saudi-Iran peace deal will reduce tensions in the region and would solve some of the problems if not all, says US Secretary Antony J. Blinken in an interview.
  • Blinken begins high-level talks in China to ease bilateral tensions

    US Secretary of State Antony Blinken is in Beijing for key discussions, marking the first top-level US visit in five years. Amid rising tensions and conflicts over trade, technology, and security, both countries display cautious optimism for better communication and a potential easing of bilateral strains.
  • Italian PM says making efforts for Tunisia IMF bailout

    Italian Prime Minister Giorgia Meloni said Rome backed efforts to secure an IMF bailout for Tunisia and support to tackle its growing migrant problem. She was speaking after talks in Tunis with President Kais Saied whose country is going through a dire financial crisis, political tensions. Tunisia is also a...
  • Morocco appoints new second-in-command amid tensions with Algeria

    In the midst of strain with Algeria over the Western Sahara, Morocco's King Mohammed VI has appointed a new second-in-command of the armed forces. The number two is Inspector General Mohammed Berid who replaces General Belkhir El Farouk. The king under the country's constitution himself commands the armed forces.
  • Turkey president Erdogan’s chief rival defends Kurds ahead of vote

    ISTANBUL, TURKEY -  President Recep Tayyip Erdogan's chief rival in next month's election defended Kurdish rights on Tuesday and accused the Turkish leader of inflating ethnic tensions for political gain.Kemal Kilicdaroglu's comments followed weeks of attempts by Erdogan to link the opposition with Kurdish militants who have been fighting against the...
  • ‘Global growth to fall below 3 percent in 2023’

    A continued slowdown in almost all the world's advanced economies is expected to drag global growth below three percent this year, the International Monetary Fund's managing director warned. "With rising geopolitical tensions and high inflation, a robust recovery remains elusive," Kristalina Georgieva said in remarks ahead of the IMF and...
  • King Abdullah meets Lloyd Austin, calls for calm in Palestinian Territories

    Amman, Jordan--King Abdullah has stressed the need for restoring calm in the Palestinian Territories, as well as cease any unilateral measures that undermine stability and peace prospects.At a meeting with US Secretary of Defence Lloyd Austin in Amman, King Abdullah urged stepping up efforts to create a political horizon that...
  • Strong economies help GCC survive global chaos

    Robust monetary policies curtail the impact of geopolitical tensions, energy crisis, worsening inflation rates and market volatility on the region during 2022, a report highlights.
  • North Korea’s leader calls for ‘exponential increase’ in nuke arsenal

    North Korea's Kim Jong Un has called for a major increase in the country's nuclear arsenal, including mass producing tactical nuclear weapons and developing new missiles for nuclear counterstrikes. Kim called for the increase at the end of a key party meeting in Pyongyang.
  • France and Morocco mend ties after visa spat

    RABAT, MOROCCO  -  France and Morocco announced Friday they were mending fences after months of tensions over visas, and said President Emmanuel Macron would visit the North African kingdom in early 2023.Speaking in Rabat alongside her Moroccan counterpart Nasser Bourita, French Foreign Minister Catherine Colonna said it was time to "write...
  • US says solar firms evading tariffs on China-made goods

    Washington, United States—The US Commerce Department on Friday accused several solar companies of evading American tariffs on imports of China-made components, findings that could add to tensions between Beijing and Washington. The department has been investigating claims that certain manufacturers of solar cells and modules went around antidumping and countervailing duties...
  • With gas prices up, Algeria hikes defense budget to US$23bn

    With its revenues buoyed by high hydrocarbon prices over the past year, Algeria intends to double its defense budget to $23 billion next year. Africa's top natural gas producer has seen a spike in tensions with its neighbor Morocco over the disputed Western Sahara.
  • Row between Libya council and Dbeibah’s government escalates

    Accusing the government of prime minister Abdulhamid Dbeibah of preventing it from meeting, Libya's High Council of State said armored vehicles from an armed group commanded by Dbeibah's administration surrounded a major hotel in Tripoli, preventing council members from entering.
  • Iran calls for ‘restraint’ in Ukraine, blames West

    Iran urged "restraint" from both Russia and Ukraine on Tuesday while blaming the United States and NATO for the sharp escalation of tensions.
  • Turkey urges restraint before US-Russia talks to quell tension

    Turkey Saturday warned against "provocative acts" ahead of talks between Russia and the United States next week to quell tensions over Russia's military buildup on the Ukrainian border.
  • Arab League urges ‘detente’ between Lebanon, Gulf states

    The Arab League on Monday pressed for an easing of tensions between Lebanon and Gulf Arab states over a Lebanese minister's comments on the Yemen war. The diplomatic rift prompted Saudi Arabia and some of its allies to recall ambassadors and block imports from Lebanon.
  • Iraqi PM calls for restraint after drone strike on his home

    Iraq's Prime Minister Mustafa al-Kadhemi said he was unhurt and appealed for "calm and restraint" after a drone attack on his residence early Sunday heightened political tensions in the war-scarred country.
  • Turkey and Greece to take steps to improve economic ties

    Tensions between the two flared last year over a maritime jurisdiction in the Mediterranean