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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.

GCC citizens enjoy increased visa-free travel options

A report by the Henley Passport Index 2023 points out GCC citizens enjoy increased visa-free travel options.
  • GCC citizens have some of the most powerful passports in the world, says a recent report by the Henley Passport Index 2023
  • This trend is expected to continue, opening up new possibilities and opportunities for GCC citizens, the report adds

DUBAI, UAE — There is a substantial increase in visa-free travel options for GCC citizens, highlighting the growing global recognition of the region and its people, a recent report by the Henley Passport Index 2023 points out.

The report indicates that this trend is likely to continue, opening up new possibilities and opportunities for GCC citizens in the years to come.

The rankings reflect the growing freedom and opportunities available to citizens of the GCC, granting them the ability to explore new cultures, meet new people, and pursue their dreams. 

TRENDS finds out how the passports of each country in the bloc fare when it comes to visa-free travel.