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Action Energy Company Reports H1 2026 Financial Results

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KUWAIT CITY, Aug. 9, 2026 /PRNewswire/ — Action Energy Company K.S.C.P. (AEC), listed on Premier Market of Boursa Kuwait (Bloomberg: ALFTAQA KK) (Reuters: ALFTAQA.KW), Kuwait’s leading local partner for integrated upstream services, owner and operator of one of the youngest rig fleets in the region, announced its financial results for the first half ended 30 June 2026.

Sheikh Mubarak Abdullah Al-Mubarak Al-Sabah, AEC Chairman, said: “H1 2026 reflects the resilience of AEC’s business model, with net profit nearly doubling YoY and our contracted backlog with Kuwait Oil Company (KOC) reaching a record $1.1 billion. In line with our commitment to delivering sustainable returns, the Board has recommended an interim cash dividend of 3 Fils per share. We remain committed to creating long-term shareholder value, and supporting Kuwait’s long-term energy ambitions.”

Ahmad Mohammad Al-Ajlan, Board Member and CEO, said: “H1 results reflect the successful execution of our growth and diversification strategy, with revenue increasing 34.4% and net profit rising 96.6% YoY. Record backlog, continued investment in fleet expansion, and the growing contribution of our oilfield services business provide a strong foundation for AEC’s next phase of growth and long-term value creation.”

Operational Review

Drilling and workover services account for ~61% of backlog. AEC operated 20 rigs at 100% utilisation, completing 202 rig moves versus 100 in H1 2025. Drilling revenue rose 39% to $45.21 million and rig leasing and mobilisation revenue grew 13.8% to $10.44 million.

Oilfield Services account for ~39% of backlog. AEC advanced mobilisation of its ESP, Slickline and OTSG service lines, investing $17.8 million. Other operating revenue increased 60.8% to $2.75 million. AEC also entered a strategic JV with Kellton to drive AI-led digital transformation across the GCC energy sector.

Dividends

The Board of Directors has recommended an interim cash dividend of ~10 cents per share for the six-month period ended June 30, 2026, representing a total distribution of approximately $5.5 million, and marking AEC’s first interim cash dividend.

Outlook

AEC enters the second half with strong revenue visibility and full fleet utilisation. Priorities include mobilising the ESP, Slickline and OTSG service lines and seven new rigs, executing the record backlog, and maintaining financial discipline. Over the medium term, AEC targets a mix of ~60% drilling and 40% oilfield services, and net debt to equity below 1.25x.

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GearUP and Escape from Tarkov Partner to Enhance Online Gaming Experience for the New Season

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SINGAPORE, Aug. 9, 2026 /PRNewswire/ — GearUP, a global game network optimization platform, and Escape from Tarkov, the acclaimed multiplayer tactical shooter, announced on August 4 a collaboration to help players enjoy a smoother and more reliable online experience as the game enters its new season.

With players connecting from different regions around the world, maintaining stable and responsive online gameplay has become increasingly important. Through this collaboration, GearUP will provide network optimization technology designed to improve connection stability, reduce latency, and minimize packet loss, helping Escape from Tarkov players achieve faster, stable connections and enjoy smoother, more immersed gameplay.

The partnership highlights a shared commitment to improving the online gaming experience for players worldwide. As multiplayer games continue to grow across regions and platforms, reliable connectivity has become a key part of delivering engaging and competitive gameplay. By combining Escape from Tarkov’s intense gameplay experience with GearUP’s intelligent routing technology, the collaboration aims to support a smoother connection experience for the global gaming community.

“The quality of an online gaming experience depends on more than just gameplay — a stable connection is essential,” the GearUP Team said. “Working with Escape from Tarkov allows us to support players during an important moment for the game while continuing our mission of making online gaming experiences faster, smoother, and more accessible around the world.”

Through its advanced network optimization technology, GearUP supports thousands of games across PC, mobile devices, consoles, and supported routers. The platform continuously optimizes network routes to help players adapt to changing internet conditions and enjoy more consistent online experiences..

To celebrate the collaboration, GearUP will provide free network acceleration for Escape from Tarkov from August 4 through August 11, 2026 (UTC). During this period, players can access GearUP’s optimization service for the game without an active membership. Players can learn more about the dedicated Escape from Tarkov network optimization service and experience improved connectivity throughout the new season.

About GearUP

GearUP is a global game network optimization platform dedicated to improving online gaming experiences through intelligent routing technology. Supporting thousands of games across multiple platforms, GearUP helps players achieve faster, more stable connections and enjoy smoother gameplay worldwide.

Contact

business@gearupbooster.com

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SOURCE GearUP

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Club Offers for Travel Enthusiasts in Germany

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BERLIN, Aug. 8, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces four of many new Club Offers for Club Members in Germany.

Rigorously vetted and negotiated for us travel enthusiasts:

€349 PP—THE ALPS’ FIRST CAVE DESIGN HOTEL, SAVE 55%
Newly opened in June, this adults-only hotel has only 20 rooms. Floor-to-ceiling glass fronts, cream-colored rock walls. Breakfast, afternoon buffet, and dinner are included. We also negotiated a free massage.
  FROM €74 PP—LUXURY HOTEL ON KRAKOW’S MOST BEAUTIFUL STREET
A historic 14th-century old-town palace. A prime location on Floriańska Street, leading straight to the main market square. Wellness area with indoor pool, jacuzzi, salt cave, sauna and steam bath. Perfect for a winter getaway.
  FROM €2,499 PP—OVERWATER VILLA IN THE MALDIVES & FLIGHT
One week all-inclusive at an adults-only resort. 62-square-meter overwater villas, with a private pool available on request. A guided snorkeling trip to the house reef or a sunset boat cruise are included.
  €79 PP—THURINGIA: 3 DAYS WITH DINNER & THERMAL SPA
Stay in this wellness hotel in the spa town of Bad Sulza. The Toskana Therme spa is directly accessible from the hotel. The highlight: pools beneath a soaring wooden dome, lit up with colorful projections and ambient music.
  €49 PP—NEW HOTEL IN CROATIA, HALF BOARD
A 4-star hotel opening in 2026 in Medulin, one of the few places in Croatia with sandy beaches. All rooms have a balcony and park views. Enjoy local dishes for breakfast and dinner, including homemade fig jam and seafood fresh from the Adriatic Sea.

Offers have limited inventory and are subject to availability.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travelers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Natalia Cwierz – Berlin
+49 30 311 975 20
ncwierz@travelzoo.com 

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SOURCE Travelzoo

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Best Software for T-Shirt and Print Design (2026): CorelDRAW Highlighted for Color Separations and Production-Ready Workflows by Software Experts

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NEW YORK, Aug. 9, 2026 /PRNewswire/ — Software Experts has published a new review naming CorelDRAW Graphics Suite as the best software for t-shirt and print design for professional production settings. The assessment focuses on color separations, soft proofing, true-scale design, bitmap preparation, multipage documents, and export controls for apparel and commercial printing.

Best Software for T-Shirt and Print Design:

CorelDRAW Graphics Suite – addresses both artwork creation and production preparation of screen-printing businesses, apparel decorators, sign shops, merchandise producers, in-house marketing departments, and professional designers handling files for physical output.

According to Software Experts, CorelDRAW stands out because the suite addresses several stages of print production. Design teams can prepare customer artwork, assign spot colors, inspect color separations, check output conditions, set exact dimensions, and export production files from one software package.

Why Is CorelDRAW Considered the Best Software for T-Shirt and Print Design?

CorelDRAW is considered the best software for t-shirt and print design because the suite combines professional drawing functions with color management and pre-press controls. The review highlights color separations, soft proofing, integrated Pantone color libraries, PowerTRACE, 1:1 scale design, bitmap editing, multipage document management, and multi-asset export.

These functions address common print-production concerns. A customer may submit a low-resolution logo, a compressed image, a scanned sketch, or artwork prepared at the wrong size. Print staff may then need to rebuild the design, correct colors, remove a background, resize artwork, separate inks, and prepare several output files.

CorelDRAW provides tools for these tasks within a connected working setup. The arrangement can reduce the number of file conversions and application changes required between initial artwork and production output.

Color Separations and Soft Proofing Support Apparel Production

Color preparation can affect the accuracy and cost of a print job. Artwork displayed on a monitor may produce different results on fabric, paper, vinyl, or another physical material. Spot colors, gradients, photographs, and overlapping inks can add further production considerations.

CorelDRAW supports CMYK color separations and spot-color workflows. Separation previews allow production teams to examine individual color plates before film output or screen preparation. The review notes that this inspection stage can help identify unwanted colors, missing elements, and overprint issues earlier in the production process.

Soft proofing adds an on-screen preview based on selected output conditions and color profiles. Screen printers and design teams can review possible color changes before artwork reaches a garment or outside production partner.

CorelDRAW Graphics Suite also includes access to Pantone color libraries without requiring a separate Pantone subscription. This access can help print businesses assign recognized spot colors to brand marks, uniforms, promotional apparel, packaging, and signage.

How Does CorelDRAW Prepare Customer Artwork for Printing?

Customer-supplied artwork can arrive in many forms, including JPEG files, screenshots, photographs, and scanned drawings. Some files may be too small for the intended print size or may lack editable shapes.

PowerTRACE converts bitmap images into editable vector graphics. Settings for detail, smoothing, color, and object handling support logo rebuilding from lower-resolution source files. Converted shapes can then be adjusted, resized, recolored, and separated without the image degradation associated with enlarging a small bitmap.

Curve-editing functions include freehand, pen, Bézier, B-spline, polyline, three-point curve, and two-point curve tools. Node controls allow detailed changes to lettering, symbols, mascots, and custom illustrations.

CorelDRAW also includes bitmap functions for straightening images, correcting perspective, changing color and saturation, switching color modes, resampling artwork, and removing backgrounds. Corel PHOTO-PAINT, which forms part of the suite, provides further image masking and photo-editing options.

For apparel artwork, the Painterly Brush tool provides particle, artistic, and brushstroke styles that remain editable as vector objects. Pointillizer converts artwork into adjustable dot patterns, while Mesh Fill supports smooth color transitions and shaded effects.

True-Scale Design Supports Accurate Print Placement

CorelDRAW allows artwork to be prepared at a true 1:1 scale. Exact sizing can matter for chest prints, full-front shirt graphics, sleeve placements, banners, window graphics, and vehicle applications.

Production teams can enter exact dimensions and inspect artwork at the intended physical size before output. This ability also supports print businesses that produce apparel alongside posters, labels, decals, banners, shop signs, and point-of-sale materials.

Large page sizes and substantial production files can remain within the same design environment. This approach allows commercial printers to work from actual measurements rather than reduced-scale layouts.

Multipage document controls also support organized print jobs. Front graphics, back graphics, sleeve designs, customer proofs, production notes, and alternate color versions can remain within one document rather than several disconnected files.

Export Controls Help Move Artwork Into Production

The Export docker or inspector provides controls for outputting pages, objects, selections, and different file formats. A customized asset list can produce several deliverables in one operation.

A single project may require a print-ready PDF, a transparent preview image, a customer proof, and a production graphic. Multi-asset export allows these files to be prepared from the same source document.

Print Merge supports variable text, names, numbers, and QR codes from external data. This function can assist with sports jerseys, uniforms, event materials, labels, and numbered promotional products without requiring manual edits to every item.

The Border and Grommet tool serves print shops that also produce banners and signage. Adjustable borders and grommet placements can be added during file preparation, extending the suite beyond apparel production.

Purchasing Options for Print Businesses

Software Experts also notes that CorelDRAW Graphics Suite is offered through subscription and one-time perpetual-license options. The two purchasing models allow print businesses to select an arrangement based on budgets, update policies, and ownership preferences.

A subscription provides access to ongoing releases, selected cloud functions, additional content, and recurring artificial intelligence credits. A perpetual license supports organizations that prefer a one-time payment and a fixed software version.

CorelDRAW Graphics Suite is available for Windows and Mac. Browser-based CorelDRAW Web is also available to subscribers, supporting businesses with different device and working-location requirements.

A 15-day free trial is available without a credit card, including 200 AI credits, so print businesses can evaluate the production workflow before committing.

CorelDRAW Recognition Reflects the Needs of Modern Print Shops

The Software Experts review places production preparation at the center of the assessment. The recognition reflects growing demand for design software that can manage artwork correction, color setup, exact sizing, layout, and file delivery without separating those duties across unrelated systems.

For screen printers and apparel decorators, the main benefit comes from the connection between creative work and prepress preparation. Color separations, soft proofing, Pantone access, PowerTRACE, true-scale design, and export settings address practical issues that arise before ink reaches fabric.

For sign shops and commercial printers, large-format support, multipage documents, Print Merge, and banner-preparation tools extend the range of supported work. In-house marketing teams can also prepare brand graphics, promotional materials, customer proofs, and production files from the same suite.

Based on the functions assessed, Software Experts identifies CorelDRAW Graphics Suite as the best software for t-shirt and print design for professional users seeking production-focused design and prepress functions in one package.

The full review can be read at the Software Experts website.

About Corel

Corel is a global software company headquartered in Ottawa, Canada, with more than 100 million users in over 75 countries. Founded in 1985, Corel has built a strong reputation for innovation and usability in graphics, digital‑media, and productivity software. Its product portfolio includes vector illustration (CorelDRAW Graphics Suite), natural‑media painting (Corel Painter), photo editing (Corel PaintShop Pro), video production (Corel VideoStudio), and productivity tools (WordPerfect Office and WinZip). Corel’s software is designed for both professionals and creative consumers and provides powerful features in an accessible, easy‑to-learn format. With a global footprint that includes major offices in the US, UK, Germany, China, Taiwan and Japan, Corel continues to expand its reach while maintaining a close connection with its user community.

About Software Experts: Software Experts delivers in-depth news on the digital tools shaping today’s consumer experience. As an affiliate, Software Experts may earn commissions from sales generated using links provided.

View original content:https://www.prnewswire.com/news-releases/best-software-for-t-shirt-and-print-design-2026-coreldraw-highlighted-for-color-separations-and-production-ready-workflows-by-software-experts-302846507.html

SOURCE SoftwareExperts.org

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