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.

GCC airlines fly into losses amidst Covid-19

  • The pandemic has forced airlines to lay off staff and seek government bailouts
  • 2020 was the worst year on record for the struggling sector

Aviation has been one of the industries worst hit by the COVID-19 crisis, forcing airlines to lay off staff and seek government bailouts.

With $126bn in losses, airline industry recently confirmed that 2020 was the worst year on record for the struggling sector.

Abu Dhabi government-owned Etihad, which posted a core operating loss of $800 million in 2019, has also slashed jobs and salaries.

Regionally, Etihad, which grounded most of its fleet between March and June, posted a core operating loss of $1.7 billion for 2020.

Qatar Airways Group recently reported a doubling of annual losses to 14.9 billion riyal ($4.1 billion), hit by the COVID-19 collapse in long-haul travel and aircraft impairment charges.