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

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

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.

Baghdad-Amman oil pipeline will soon be functional, says Iraqi Parliamentary Speaker

  • Iraq and Jordan will form joint parliamentary committees to overcome legislative impediments to projects.
  • The Jordanian delegation held a series of meetings with Iraqi officials.

BAGHDAD, IRAQ  – Iraqi Parliamentary Speaker Mohammed al-Halbousi said that an oil pipeline from Basra port to the Jordanian port of Aqaba will soon be operational pointing to many areas of cooperation between the two countries.

Al-Halbousi, who spoke at a joint press conference at Baghdad airport with Jordan’s Lower House Speaker Ahmad Safadi at the end of the Kingdom’s parliamentary delegation’s trip to Iraq, said on Saturday that the visit is to overcome any hurdles standing in the way of joint ventures.

Safadi said the two countries will form joint parliamentary committees to overcome legislative impediments to projects.

He stressed on Jordan’s keenness on the success of Iraq’s political process and the return of that country as a strong and influential player in the region.

The Jordanian delegation held a series of meetings with Iraqi officials, starting with president Abdul Latif Rashid, former presidents and prime ministers and heads of parliamentary blocs.

Iraqi officials underscored their support of joint projects between Jordan, Iraq and Egypt and commended the Kingdom’s support of their country.

They also supported Jordan King Abdullah’s position toward regional issues and his custodianship over Islamic and Christian holy sites in Jerusalem.