Business from Friday, February 14th, 2025

AD Ports Group has announced its preliminary unaudited financial results for the fourth quarter and full year ending December 2024, and saw revenue increase 48 per cent year-on-year (YoY) to AED 17.29 billion.

Air Arabia has announced its financial and operational results for the full year ending December 31, 2024, posting a record pre-tax net profit of AED 1.6 billion, reflecting a four per cent increase compared to AED 1.5 billion in 2023.

Sharjah is set to impose a 20 per cent corporate tax on companies involved in extractive and non-extractive natural resources, in accordance with a new law, it was announced on Thursday.

ADNOC Drilling Company PJSC has recorded a 32 per cent increase in revenue in 2024, reaching AED 14.70 billion.