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.

EU’s Borrell accuses Israel of ‘creating’ and ‘financing’ Hamas

  • Israeli PM has in recent days reaffirmed his opposition to the creation of a Palestinian state, drawing criticism from his US ally, which is still advocating a two-state solutions
  • "Israel is reaffirming its refusal (of this solution), and to prevent it they have gone so far as to create Hamas themselves," the EU's top diplomat Josep Borrell said

Madrid, Spain– The EU’s top diplomat Josep Borrell late Friday accused Israel of having “created” and “financed” the Palestinian fighters group Hamas, which launched unprecedented attacks on Israel on October 7.

Israeli Prime Minister Benjamin Netanyahu has in recent days reaffirmed his opposition to the creation of a Palestinian state, drawing criticism from his US ally, which is still advocating a “two-state solution”.

“We believe that a two-state solution must be imposed from outside to bring peace. Although, I insist, Israel is reaffirming its refusal (of this solution), and to prevent it they have gone so far as to create Hamas themselves,” Borrell said.

“Hamas has been financed by the Israeli government to try to weaken the Palestinian Authority of Fatah.

“But if we do not intervene strongly, the spiral of hate and violence will continue from generation to generation, from funeral to funeral, as the seeds of hatred that are being sown in Gaza today flourish,” he added during a speech in Spanish at the University of Valladolid in central Spain, which awarded him an honorary doctorate.

Hamas was created in December 1987 shortly after the start of the first Palestinian intifada, or uprising, in the Israeli-occupied Palestinian territories by a group of fighters claiming to be from the Muslim Brotherhood, including the influential Sheikh Ahmed Yassin.

Hamas, the Arabic acronym for the Islamic Resistance Movement, was notably founded to counter the Islamic Jihad group and compete with the mainly secular Palestine Liberation Organization (PLO) then led by Yasser Arafat.

Twenty years later, in June 2007, Hamas took control of the Gaza Strip following a quasi-civil war against the Fatah movement of Arafat’s successor Mahmoud Abbas, president of the Palestinian Authority, which partially administers the occupied West Bank.

In recent years, the Gaza Strip, controlled by Hamas and under Israeli blockade, has received millions of dollars in aid from Qatar, provoking criticism of Netanyahu, who is accused of having favoured financing of the movement. The prime minister denies the accusation.