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BUSINESS

BUSINESS latest

ADNOC Distribution delivers 21% net profit growth in Q1 2026, reflecting strength and resilience
May 13th, 2026 - 05:43 GMT

ADNOC Distribution delivers 21% net profit growth in Q1 2026, reflecting strength and resilience

ADNOC Distribution (ISIN: AEA006101017) (ADX: ADNOCDIST), the leading mobility and convenience retailer in the UAE, reported strong financial and operational performance in the first quarter ended 31 March 2026, with record Q1 EBITDA at $307 million (+11.7% year-on-year; YoY) and net profit at $210 million (+20.7% YoY). Q1 performance was supported by fuel volume growth, stronger commercial business, higher contribution from non-fuel retail (NFR) and international activities, reflecting ADNOC Distribution’s structural resilience, driven by its diversification across its three customer locations: the UAE, Saudi Arabia and Egypt. Reflecting sustained investments ...
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Al Bawaba
December 30th, 2013 - 10:33 GMT

Tamkeen launches nationwide public opinion survey

Al Bawaba
December 30th, 2013 - 10:16 GMT

Dubai Properties Group’s ‘Winter Wonderland’ proves huge success

Dubai is considered one of the fastest growing property markets globally for 2013 (Courtesy of Wikimedia)
December 30th, 2013 - 09:57 GMT

A post-bubble Dubai? Maybe....

Al Bawaba
December 30th, 2013 - 08:34 GMT

Gulf Bank closes during New Year Holiday

Al Bawaba
December 30th, 2013 - 08:13 GMT

Middle East debut for Jaguar C-X17 Sports Crossover Concept at Dubai International Motor Show 2013

Ahmed Ibrahim, Director of Business Registration and Licensing (BRL) in DED
December 30th, 2013 - 08:08 GMT

DED completes adding descriptions for 2,000 activities permitted under various trade licenses

GE's Build A Bike Initiative 1
December 30th, 2013 - 08:04 GMT

GE reaches out to students of Al Manzil School for Special Needs with ‘build a bike’ CSR initiative

Hotel occupancy in Abu Dhabi is expected to increase 2014. (Image credit: Shutterstock)
December 30th, 2013 - 08:03 GMT

Events and Etihad drive Abu Dhabi hotel occupancy to record highs

Rail will drive an ambitious infrastructure development program in the GCC. (Image credit: Shutterstock)
December 30th, 2013 - 07:43 GMT

Saudi Arabia rail spending to reach $70 billion in the next ten years

Al Bawaba
December 30th, 2013 - 07:30 GMT

Millennium Resort Mussanah celebrates record breaking year as online booking increases by 125%

Dr Abdelali Haoudi, Executive Director,QBRI
December 30th, 2013 - 05:24 GMT

Qatar Biomedical Research Institute participates in World Stem Cell Summit

Doha’s residential market "has experienced robust growth in transaction volumes" according to Gulf Business (File Archive)
December 30th, 2013 - 05:00 GMT

If Doha builds it, will they come? Status of Qatar's real estate market

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