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Dubai, UAE

Oil Prices Break Five-Day Rally Ahead of Upcoming U.S. Iran Sanctions

by Staff Writer August 21, 2026August 21, 2026

Janne Hirvimies, CTO, QuantumGate

QuantumGate’s CTO: Financial Cyber Resilience is a Foundations Problem

by Janne Hirvimies, CTO, QuantumGate August 20, 2026August 20, 2026

AD Ports Group enters Latin America with its largest acquisition to date, buying Brazil's CLI in an AED3.1B ($835M) transaction

Why L’imad’s AD Ports Buyout Was Never Just About Hormuz

by Angus Anderson August 19, 2026August 19, 2026

ADNOC Distribution Delivers Record H1 Net Profit of $568 Million, Up 59% YoY • Resilient fuel demand, network expansion and NFR growth drive second consecutive first- half of double-digit growth with record EBITDA of $786 million and fuel volumes of 7.75 billion liters • NFR gross profit up 12% led by expanded customer offering to drive future growth • Board of Directors approves dividend of 5.14 fils per share, increasing total dividends distributed since IPO to $5.8 billion • ADNOC Distribution’s H1 performance reflects sustained momentum underpinned by four major growth initiatives announced throughout the year to diversify high-return revenue streams and future-proof the business, including the launch of the region’s largest EV mega- hub, a strategic partnership with Americana Restaurants, the proposed acquisition of Shell Downstream South Africa and the launch of Engage by ADNOC Abu Dhabi, UAE – August 5, 2026: ADNOC Distribution (ISIN: AEA006101017) (ADX: ADNOCDIST) delivered record first-half results, with net profit rising 59% year-on-year (YoY) to $568 million and reported EBITDA increased 39% to $786 million, reflecting strong operational performance and inventory gains during the period. Underlying EBITDA increased 14% YoY to $603 million. Performance was supported by record fuel volumes, continued network expansion, inventory gains and sustained growth in the higher-margin non-fuel retail (NFR) segment. (USD Millions) H1 2026 H1 2025 YoY % Change Gross Profit 1,158 898 28.9% EBITDA 786 566 38.8% Underlying EBITDA Net Profit 568 358 58.5% 603 530 13.9% Fuel volumes reached a record 7.75 billion liters, supported by network expansion, as well as resilient retail and commercial demand. ADNOC Distribution’s fuel retail network, spanning the UAE, Saudi Arabia and Egypt, increased to 1,045 service stations in H1 (+11% YoY). Eng. Bader Saeed Al Lamki, Chief Executive Officer of ADNOC Distribution, said: “Despite a dynamic macroeconomic environment, ADNOC Distribution delivered another record performance in the first half of 2026, demonstrating the resilience of our diversified business model and the strength of our growth strategy. We are scaling higher-margin opportunities in non-fuel retail while continuing to strengthen our core fuel business. Building on our H1 momentum, we are accelerating innovation, expanding our digital revenue streams and progressing with the proposed acquisition of Shell Downstream South Africa – a major milestone in our international expansion journey. As we ADNOC Classification: Need-To-Know continue to shape the future of mobility, our focus remains on delivering exceptional customer experiences and creating sustainable shareholder value.” GROWING HIGHER-MARGIN BUSINESSES ADNOC Distribution advanced its transformation into a future-focused mobility and convenience retail leader in H1 2026, launching the region’s largest electric vehicle (EV) mega-hub on the E11 highway between Abu Dhabi and Dubai. The Company’s E2GO charging network grew +35% YoY in the first six months of this year, with volume of energy sold increasing by 2.1x compared to H1 2025. EVs charged by ADNOC Distribution travelled 27.4 million low-emission kilometers in H1 2026, representing 2x YoY growth. Alongside the expansion of its EV charging network, ADNOC Distribution's NFR business remained a key driver of higher-margin growth in H1, with gross profit increasing by 12% supported by higher footfall, increased transactions and an expanded food and convenience offering. The Hub by ADNOC, the Company’s pioneering roadside retail concept, supported NFR growth during the period. With a retail footprint three times larger than traditional service stations, The Hub by ADNOC’s locations are expected to deliver annual EBITDA of $30 million by 2030. Building on this momentum, ADNOC Distribution is expanding its customer proposition through initiatives such as its strategic partnership in May to launch up to 200 quick-service restaurants (QSRs) from Americana Restaurants International’s portfolio across its network. ADVANCING AI AND DIGITAL CAPABILITIES ADNOC Distribution launched Engage by ADNOC, the UAE’s first full-funnel retail media network operated by a mobility and convenience retailer, this July. Supported by ADNOC Group’s Artificial Intelligence and Digital Transformation (AIDT) program, the platform aims to create a new data-driven, high-return revenue stream for ADNOC Distribution. The Company is also advancing more than 20 AI initiatives for key areas across the business including customer engagement, with progress reflected in the ADNOC Rewards app approaching 2.8 million members in H1, supporting customer frequency and spend. ACCELERATING OUR INTERNATIONAL EXPANSION The Company is advancing international expansion plans as it delivers on its 2024-28 strategy for long-term growth. ADNOC Distribution entered a definitive agreement this July for the proposed acquisition of Shell’s downstream business in South Africa at an implied enterprise value of $1 billion, subject to regulatory approvals. Upon completion, expected in 2027, the acquisition is anticipated to deliver an earnings-per-share uplift of 6% while supporting ADNOC Distribution’s ambition to transform into a leading global mobility retailer. SHAREHOLDER RETURNS The Board approved a Q2 2026 dividend of 5.14 fils per share ($175 million), payable in September, in line with its policy to deliver $700 million annually or at least 75% of net profit, whichever is higher. Upon the payout of Q2 2026 dividends, ADNOC Di

Analysis, Energy

ADNOC Distribution EBITDA Rises 39% as Expansion Drives Growth

by Angus Anderson August 5, 2026August 5, 2026

Sadek El Assaad, Business Transformation Strategist and Founder of Zeder Group

Analysis, Exclusive

How Businesses Can Scale Without Losing Their Identity

by Sadek El-Assaad, Business Transformation Strategist and Founder, Zeder GroupJuly 28, 2026July 19, 2026

‘Cyber Resilience is now Business Resilience,’ says Mastercard’s Selin Bahadirli

by Staff Writer July 23, 2026July 24, 2026

Exclusive, Analysis

Visa’s Charles Lobo on AI, Trust and the New Fraud Frontier

by Charles Lobo, Senior Vice President & Regional Risk Officer for CEMEA, VisaJuly 21, 2026July 21, 2026

Fed Hike Risk Fades with CPI Outlook

Fed Hike Risk Fades with CPI Outlook

by Afonso Borges, Fixed Income Research, Julius BaerJuly 16, 2026July 16, 2026

Roberto d'Ambrosio, CEO at Axiory

The De-Americanisation of Global Portfolios: Managing Non-Dollar Alpha

by Roberto d'Ambrosio, CEO at AxioryJuly 15, 2026July 16, 2026

Kalpesh Kinariwala, Founder & Chairman, Pantheon Development

FCNR-B: Cut Through the Noise Before You Wire the Money

by Kalpesh Kinariwala, Founder & Chairman, Pantheon DevelopmentJuly 14, 2026July 14, 2026

Basit Hussain, Partner Tax Operate Leader, Deloitte Middle East

Analysis, Exclusive

From Compliance to Competitive Advantage: What it Takes to Future-Proof GCC Tax Systems

by Basit Hussain, Partner Tax Operate Leader, Deloitte Middle EastJune 3, 2026June 3, 2026

What Art Dubai Says About the New Psychology of Wealth

Analysis, Opinion

What Art Dubai Says About the New Psychology of Wealth

by Akshay Sardana, CEO, Continental GroupMay 20, 2026May 20, 2026

Mohamad Sharaf, Chief Operating Officer at Dubai Economic Development Corporation

Analysis, Exclusive

From Access to Full Integration: Dubai’s D33 Strategy in Focus

by Mohamad Sharaf, COO, Dubai Economic Development CorporationMay 18, 2026May 18, 2026

Suhail Al Mazrouei, UAE Minister of Energy and Industry

H.E. Suhail Al Mazrouei: UAE OPEC Exit Will Accelerate Infrastructure Development

by Angus Anderson May 14, 2026May 14, 2026

Mohamed Alabbar, Founder of Emaar Properties

Analysis, Investments

Emaar to Invest Up to $18B in Syria’s Real Estate Market

by Angus Anderson May 13, 2026May 13, 2026

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Oil Prices Break Five-Day Rally Ahead of Upcoming U.S. Iran Sanctions

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