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

BYD 2025 revenue surges

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

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Al Rajhi profit up 26%

Operating income for 2025 increased 22% to SAR 39 bn.

Emirates NBD 2025 profit $8.5bn

Total income rises by 12 percent, operating profit up 13%.

Lebanon gets new govt amidst economic turmoil

  • Prime Minister-designate Najib Mikati was the third man to take on the mantle after his predecessors Moustapha Adib and Saad Hariri failed to come to terms with the President
  • Eddy Maalouf, a parliamentarian in President Michel Aoun's Free Patriotic Movement bloc told the media that the government would be formed of 24 ministers

Lebanon finally has a government in place after a year of turmoil and economic distress, as the country’s President Michel Aoun and Prime Minister-designate Najib Mikati signed Friday the decree to form the new government, bringing to an end the 13 months-long deadlock that had hampered the formation of a cabinet.

Speaking with local media outlet Lebanon 24 earlier in the day, Mikati said the government would not include a blocking third or veto power for any political party.

Eddy Maalouf, a parliamentarian in President Michel Aoun’s Free Patriotic Movement bloc told the media that the government would be formed of 24 ministers.

“The government had been decided on for a couple of days but small questions remained,” he said.

The deadlock, which reportedly stemmed from Mikati’s attempts to name several Christian ministers, had been settled.

“Two Christian ministers have been chosen with both of their approvals,” Maalouf said.

Opponents of Aoun had accused him of seeking such veto power whether the government has 20, 22 or 24 ministers.

Mikati was the third man to take on the mantle after his predecessors Moustapha Adib and Saad Hariri failed to come to terms with Aoun. Lebanon’s power-sharing system stipulates that both the president and prime minister should agree on a government lineup in unison.

Hariri had stepped down in July over “key differences” with the president after being nominated nine months earlier.

Lebanon has been without a fully functioning government since outgoing Prime Minister Hassan Diab stepped down in the immediate aftermath of the Beirut port explosion in Aug. 2020, exacerbating an economic collapse that has plunged over 60 percent of the population into poverty.