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OQEP reaches revenue of $1.1bn for the first half of 2025

OQ Exploration and Production (OQEP) Oman s exploration and production company has released its financial results for the first half of the fiscal year ending June 30 2025. The company reported a revenue...

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Adnoc L&S records 14pc growth in Q2 net profit

Adnoc Logistics and Services (Adnoc L&S) a global energy maritime logistics company reported record-breaking second quarter (Q2) and first-half (H1) results for 2025 surpassing market expectations. Adnoc...

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Mubadala Energy closes US natural gas investment deal

Mubadala Energy the international energy company headquartered in Abu Dhabi today announced the closing of its recently reported strategic investment in the US natural gas sector through its partnership...

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Dana Gas reports $73m net profit for H1

Dana Gas the Middle East s largest regional private sector natural gas company has delivered resilient performance in H1 2025 with AED270 million ( 73 million) net profit due to strong operation in KRI...

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SAP appoints new Regional President for Europe, Middle East and Africa

SAP SE has appointed Augusta Spinelli as Regional President for Europe Middle East and Africa (EMEA) effective immediately. Building on SAP s presence and success in the region Spinelli will be responsible...

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Petrotank to set up $133m refueling hub at Yanbu port

The Saudi Ports Authority (Mawani) and the National Petroleum & Petrochemical Tank & Pipelines Company (Petrotank) have signed a land lease agreement to establish an integrated ship refueling centre at...

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Empower's H1 revenue soars to $395m; net profit up 3.4pc

Emirates Central Cooling Systems Corporation (Empower) has announced robust financial results for the first half with a total revenue of AED1.45 billion ( 395 million) up 7.5% over the same period in 2024....

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Aramco reports 'strong' Q2, H1 2025 results despite volatility

Aramco the world s top oil exporter has reported adjusted net income of 24.5 billion for the second quarter of this year while the half-year figure totalled 50.9 billion. The robust financial performance...

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Trina Storage completes BESS Project in Egypt in two months

Trina Storage a global leader in energy storage solutions and a business unit of Trinasolar has announced the successful completion and early delivery of a 300MWh battery energy storage system (BESS) in...

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NFPA to highlight fire safety standards at Intersec Saudi Arabia

Intersec Saudi Arabia has partnered with the National Fire Protection Association (NFPA) to establish a collaboration for security safety and fire protection which will be a key focus of this year s Fire...

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Tabreed revenue hits $302m; firm announces first interim dividend

National Central Cooling Company (Tabreed) the world s leading and most diversified district cooling company today announced revenues of AED1.11 billion ( 302.2 million) and a net profit of AED276 million...

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Emerge, EDB to collaborate on developing solar projects in UAE

Emerge a joint venture between Masdar and the EDF Group and Emirates Development Bank (EDB) the UAE s key financial engine for economic diversification and industrial transformation have signed an agreement...

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Adnoc Distribution records 12% growth in H1 net profit

A dnoc Distribution the UAE s largest fuel and convenience retailer has reported double-digit growth in its EBITDA and net profit for the first half of 2025 exceeding analyst expectations. The company...

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Adnoc Gas posts record $1.38bn net income for Q2

Adnoc Gas and its subsidiaries a world-class integrated gas processing and sales company today announced a net income growth of 16% year-on-year (YoY) to a record 1.385 billion during Q2 2025. The company...

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AIS to supply insulation on Ruya project offshore platforms

AIS a leader in insulation and fire protection system has announced its involvement in the Ruya project (Al-Shaheen Phase 3 Batch 1) a major offshore oilfield expansion led by Qatar s North Oil Company...

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Fertiglobe H1 revenue hits $1.26bn, up 20%

Fertiglobe the world s largest seaborne exporter of urea and ammonia combined reported a revenue of 566 million in the second quarter of 2025 reflecting a 14% year-on-year increase. Adjusted EBITDA grew...

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