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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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

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