ABU DHABI / WAM The management of Adnoc Distribution revealed its new 5-year growth strategy at an Investor Day in Abu Dhabi on Monday. Speaking at the Investor Day event, Bader Saeed Al Lamki, CEO of Adnoc Distribution, said, “Adnoc Distribution’s new growth strategy is underpinned by three key drivers: domestic growth, international platforms, and future-proofing the business. In its …

SHARJAH / WAM Air Arabia (PJSC), the region’s leading low-cost carrier (LCC), soared to new heights in 2023, earning a record-breaking net profit of AED1.5 billion, marking a significant 27% increase compared to the previous year’s AED 1.2 billion. The company in its financial results for the full year ending on December 31, 2023, stated that the airline’s turnover for …

DUBAI / WAM flydubai announced record-breaking annual results for its financial year ending on December 31, 2023, with net profit reaching AED2.1 billion (US$572 million), an increase of 75 percent compared to 2022, marking the carrier’s strongest-ever performance. Meanwhile, the company’s total annual revenue settled at AED11.2 billion (US$3 billion) compared to AED9.1 billion (US$2.5 billion) in 2022; an increase …