This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Kuwait sets 2060 as date to reach carbon neutrality

  • According to Kuwait's Environment Public Authority chief, Kuwait intends to embrace a national strategy to achieve the target
  • The chief said the country is also keen to develop program to reduce carbon emissions through low-carbon development strategies in the oil and gas, energy, transport, industry

Sharm el Sheikh, Egypt—Kuwait is planning to achieve carbon neutrality in the oil and gas sector by 2050 and across the country by 2060.

In this regard, Kuwait intends to embrace a national strategy to achieve the target, according to Kuwait’s Environment Public Authority chief.

This stems from the country’s belief in the importance of implementing the Paris (Climate Accords) decisions, especially Paragraph 19 of Article IV concerned with long-term strategies,” Kuwait EPA Chairman Sheikh Abdullah Ahmad Al-Hamoud Al-Sabah said in a speech at the climate change conference, COP27, in Egypt’s Sharm El-Sheikh resort.

The chief  said Kuwait attaches the utmost importance to managing the adaptation and mitigation of climate change at the national level, and is keen to enhance resilience in tackling the effects of climate change.

It is also keen to develop program to reduce carbon emissions through low-carbon development strategies in the oil and gas, energy, transport, industry, land use and agriculture promotion sectors.

These strategies include a clear plan of action to achieve sustainable economic growth by the use of integrated technical and innovative solutions in the field of the circular carbon economy according to their capabilities and available national conditions, he explained.

Kuwait seeks, at the international level, to benefit from modern technologies related to the circular carbon economy, in addition to strengthening global partnerships and regional and international climate initiatives.

Kuwait also seeks to benefit from successful experiences worldwide, to develop local legislation and laws that would achieve the goals of a transition to a flexible and low-carbon economy, he added.