Adnoc Logistics and Services (Adnoc L&S) posted record 2026 results, with second-quarter revenue surging 98 per cent to $2.584 billon, EBITDA jumping 176 per cent to $1.106 billon and net profit rising 303 per cent to $951 millon.
Dubai Investments has reported a 28% increase in the net profit attributable to shareholders for the first half which soared to AED642.4 million ($175 million) driven by strong performance across the Group's core business segments led by real estate and manufacturing sectors.
Zain Group, a leading telecommunications services company in the region, has announced that its first-half net profit rose 73% year-on-year to KD220 million ($717 million), boosted by gains from strategic investments, while revenue surged 5% to hit KD1.14 billion ($3.68 billion).
Saudi Arabia’s cement sales volumes recorded a solid boost rising 5.5% month-on-month in July to 4.63 million tonnes, while it was down 1.8% over last year. Yamama Cement dominated its position as the market leader, with a 15.3% share of year-to-date cement sales through the month.
Bahri Logistics, a business unit of the National Shipping Company of Saudi Arabia (Bahri), has expanded its ship agency operations with the opening of two new offices at Yanbu Commercial and Industrial Ports and Ras Tanura Industrial Port.
Paperworld Middle East will return to Dubai World Trade Centre from October 13–15, providing a dedicated business platform where international manufacturers, distributors, wholesalers and buyers will shape procurement and sourcing strategies for the year ahead.
Dubai Electricity and Water Authority (Dewa) has announced that it has commissioned 793 new 11kV substations across the emirate during the first six months. The construction and associated works involved 624,340 man-hours, all completed under stringent safety standards.
OpenGate Capital has agreed to acquire Maersk Training and its subsidiary Maersk H2S Safety Services from A.P. Moller - Maersk Group, expanding its global safety training and gas safety services portfolio across key industries.
Unique Group, a global leader in subsea technologies and engineering, has successfully delivered the engineering, survey and infrastructure systems supporting Vanguard, the first open-ocean subsea human habitat deployed in United States waters in more than 40 years.
Dubai Aerospace Enterprise (DAE), the global aviation services company, has signed a purchase agreement with Saudia, the kingdom's national flag carrier, for four new Boeing 777F planes and also entered into long-term leases for these aircraft, delivering between this October and May next year.
