{
  "id": 19468983,
  "title": "AD Ports third-quarter net profit jumps 73% on Hormuz impact mitigation efforts",
  "url": "https://urgent.news/2026/11/11/ad-ports-third-quarter-net-profit-jumps-73-on-hormuz-impact",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-11T08:05:30.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/business/economy/2026/11/11/ad-ports-profit-jumps-73-due-to-efforts-to-mitigate-effect-of-hormuz-closure/"
  },
  "original_language": "en",
  "account": "Ad Ports Group reported a substantial 73% increase in its third-quarter net income, reaching Dh767 million ($209 million), after a surge in revenue driven by efforts to mitigate the impact of the closure of the Strait of Hormuz. The Abu Dhabi-based company's net profit for the three-month period ending September 30 rose due to its focus on consolidating alternative multimodal trade routes and operations across the UAE to enhance supply chain resilience. The company's strategic moves, including rerouting cargo operations, deploying new land and air bridges, and establishing additional warehousing facilities, helped minimize the effects of Strait of Hormuz traffic disruptions on its customers in the UAE and the broader Gulf region. Despite the Strait of Hormuz effectively being shut since the beginning of the US-Iran conflict in February, the company successfully navigated the challenges and achieved record results during Q3. Group CEO Afif Al Yafei credited the company's operational resilience in withstanding macroeconomic and geopolitical uncertainties to reach new levels of income and revenue growth.",
  "summary": "AD Ports Group posted a 73 per cent surge in its third-quarter net income as revenue climbed on push to mitigate the effect of the closure of the Strait of Hormuz. Net profit attributable to the owners of the company for three-month period to the end of September rose to Dh767 million ($209 million), the Abu Dhabi-based global ports and free zones operator said on Wednesday in a statement to the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}