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.

Iran’s president welcomes invitation by Saudi king

  • Riyadh cut relations after Iranian protesters attacked Saudi diplomatic missions in 2016 following the Saudi execution of Shiite cleric Nimr al-Nimr.
  • The two regional heavyweights announced on March 11 a Chinese-brokered deal to restore ties nearly seven years after they were severed.

TEHRAN, IRAN – Iranian President Ebrahim Raisi has “welcomed” an invitation from Saudi Arabia’s King Salman to visit the kingdom following the reconciliation deal between the two countries, an Iranian official said Sunday.

“In a letter to President Raisi… the King of Saudi Arabia welcomed the deal between the two brotherly countries (and) invited him to Riyadh,” tweeted Mohammad Jamshidi, the Iranian president’s deputy chief of staff for political affairs, adding that “Raisi welcomed the invitation”.

The two regional heavyweights announced on March 11 a Chinese-brokered deal to restore ties nearly seven years after they were severed.

Riyadh cut relations after Iranian protesters attacked Saudi diplomatic missions in 2016 following the Saudi execution of revered Shiite cleric Nimr al-Nimr – just one in a series of flashpoints between the two longstanding regional rivals.

The deal is expected to see Shiite-majority Iran and mainly Sunni Muslim Saudi Arabia reopen their embassies and missions within two months and implement security and economic cooperation deals signed more than 20 years ago.

Iranian Foreign Minister Hossein Amir-Abdollahian told reporters Sunday that the two countries had agreed to hold a meeting between their top diplomats.

He added that three locations for the talks had been suggested, without specifying which.

Several Gulf countries followed in Riyadh’s footsteps in 2016 cut off ties with Tehran, though the United Arab Emirates and Kuwait have recently restored ties.