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.

Saudi, Iran foreign ministers talk on phone, discuss next steps in ties

  • China recently brokered the restoration of ties between Iran and Saudi Arabia, rivals in a region where the US for decades has been the main diplomatic powerbroker
  • The two Middle East powerhouses had held several rounds of dialogue in Iraq and Oman before reaching the agreement to mend ties on March 10 in China

Riyadh, Saudi Arabia – Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received a phone call from his Iranian counterpart Hussein Amir-Abdollahian, during which they discussed a number of issues of common interest between the two countries.

The two sides discussed the next steps in light of what was recently agreed upon.

China recently brokered the restoration of ties in March between Iran and Saudi Arabia – rivals in a region where the United States for decades has been the main diplomatic powerbroker.

The two Middle East powerhouses had held several rounds of dialogue in Iraq and Oman before reaching the agreement to mend ties on March 10 in China.

Since then there has been increasing engagement between the two countries. Iranian president has already received an invitation to visit the Sunni-ruled kingdom. This was followed by Iran’s foreign ministry spokesman Nasser Kanani said President Ebrahim Raisi inviting the Saudi King to visit Iran.

Saudi Arabia had severed relations with Iran in 2016, after its embassy in Tehran and consulate in the northwestern city of Mashhad were attacked during protests over Riyadh’s execution of Shiite cleric Nimr al-Nimr.