Despite the geopolitical spike, Sasha Foss, energy analyst at Marex, notes that global supply fundamentals remain relatively balanced, with increased output from Venezuela, Guyana, the US, Canada, Argentina and Brazil providing a buffer The post Report: Oil spikes as Hormuz disruption rattles global markets appeared first on Gulf Business.
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$39 million raised through Zakat and Sadaqah contributions to UNHCR in 2025, with 60% of donations from MENA-based donors Donations enabled UNHCR to reach the lives of one million people across 25 countries UNHCR launches new campaign encouraging people to give during the Holy Month of Ramadan to help overcome devastating global funding cuts Dubai, UAE, Monday 16th February – UNHCR, the UN Refugee Agency, today launched its 8th Islamic Philanthropy Annual Report, spotlighting the crucial role Zakat and Sadaqah contributions increasingly play in delivering lifechanging assistance to refugees and internally displaced people amidst a
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Connected capacity increased 19% YoY to 1.57 million Refrigeration Tons Revenue of AED 2.46 billion and EBITDA at AED 1.27 billion, with a margin of 51.6% Abu Dhabi, United Arab Emirates – 13 February 2026: National Central Cooling Company PJSC (DFM: TABREED / ISIN: AEA002201018), the world’s leading and most diversified district cooling company, today announced its results for the period ending 31 December 2025, reporting revenues of AED 2.46 billion and net profit of AED 465 million. The results reflect continued operational resilience, record capacity expansion and disciplined capital execution. Total connected capacity increa
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Reported revenue of AED 5,501 million, up 9.8% YoY for 2025. Full-year EBITDA rose 19.9% to AED 1,089 million, with the EBITDA margin improving to 19.8% from 18.1% in 2024. Q4 2025 delivered particularly strong performance, with net profit surging 159.9% YoY. Abu Dhabi, 10 February 2026: Burjeel Holdings, a leading super-specialty healthcare services provider in the MENA, today announced its unaudited preliminary financial results for the year ended December 31, 2025. Burjeel Holdings delivered robust revenue of AED 5,501 million, up 9.8% YoY, while total patient visits exceeded 7 million, growing 8.4% YoY. Growth was driven b
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Record full-year EBITDA of $1,166 million, up 11.1% YoY Record full-year net profit of $761 million, up 15.4% YoY, driven by growth momentum across all business verticals Fuel volumes increased by 4.5% YoY to 15.7 billion liters in 2025 Non-fuel retail gross profit increased 14.4% YoY, with non-fuel retail transactions up 9.3% YoY Key milestone reached with network expanded to over 1000 service stations, up 13% YoY The company has proposed a dividend of $350 million for the second half of 2025, bringing the total 2025 dividend to $700 million Abu Dhabi, UAE – February 3, 2026: ADNOC Distribution (ISIN: AEA006101017) (Symbol:
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NBF surpasses the milestone of AED 1 billion net profit, posting its third consecutive year of record performance Net profit after tax surged 41.8% to reach AED 1.2 billion 28 January 2026: NBF is pleased to announce its results today for the year ended 31 December 2025 in accordance with the approval received from the Central Bank of the United Arab Emirates. Highlights NBF recorded its best ever net profit before tax of AED 1.3 billion compared to AED 934.8 million in 2024 translating into a year-on-year growth of 41.7%. Further, NBF posted a record net profit after tax of AED 1.2 billion for the year compared to AED 850.1 milli
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Dubai, UAE, 22 January 2026: The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) concluded another year defined by great knowledge achievements, through the launch of multiple flagship initiatives and the development of its existing innovative programs. These strategic efforts have helped enable the seamless dissemination of knowledge and strengthen its pathways across diverse fields and levels. This demonstrates MBRF’s commitment and continuous efforts to create sustainable, knowledge-based communities supported by science and innovation, while bolstering the UAE’s pioneering position on the global knowledge landscape. The 10th
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Abu Dhabi – 21 January 2026 – Tawazun Council for Defence Enablement has announced a new series of contracts concluded on behalf of the Ministry of Defence on the second day of UMEX and Simtex 2026 event. Four deals signed on the second day, valued at AED 1,479,826,000. This brings the total number of deals signed during the first two days of the exhibitions to 8, with an overall value of AED 2,359,611,000. The agreements reflect Tawazun’s strategic commitment to enhancing advanced defence capabilities, fostering adoption of modern technological solutions, and expanding collaboration with both national and international companies operat
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Abu Dhabi, UAE – Etihad Airways carried 22.4 million passengers in 2025, an increase of 21% year-on-year and the highest annual total in the airline’s history, underpinned by sustained demand and disciplined capacity growth across its expanding global network. Passenger load factor for the full year reached 88.3%, up two percentage points compared with 2024, reflecting strong commercial performance throughout the year. The airline closed the year on a high note, carrying 2.2 million passengers in December, up 28% compared with the same month in 2024. Passenger load factor for the month reached 87.6%, maintaining consistently high utilisati
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ABU DHABI, UAE – 31 December 2025, Anghami Inc. (NASDAQ: ANGH) (“Anghami”), the leading music and entertainment streaming platform in the MENA region, today announced its results for the six-month period ended 30 June 2025, underscoring the benefits of the OSN+ integration and the impact of its transformative partnership with Warner Bros. Discovery. HIGHLIGHTS Revenue growth of 97% year-on-year to US$48.4 million for the six month period ended 30 June 2025, driven by OSN+ integration and expanding subscription income. Paid subscriber base doubled to 3.54 million as of 30 June 2025, with over 120 million total registered users
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