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

AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

Ship rescues 128 migrants, finds two dead In Mediterranean

  • SOS Mediterranean tweeted that Ocean Vikings have rescued 128 men, women and children in a five-hour operation
  • According to International Organization for Migration, around 23,500 migrants lost their lives in Mediterranean since 2014

A search and rescue ship saved 128 migrants trying to reach Europe on an overcrowded dinghy Friday but found two on board had died, the NGO operating it said.

“Today, in a five-hour operation in increasingly dangerous weather conditions, Ocean Viking rescued 128 men, women and children,” SOS Mediterranean said on Twitter.

“Sadly, two people were found deceased on the overcrowded rubber boat,” it said.

“Due to the extreme weather conditions, we were only able to recover one body.”

North Africa is a major conduit for migrants, particularly from African countries ravaged by war and poverty, to make desperate bids to reach Europe.

Many end up drowning in the attempt, making the central Mediterranean the world’s deadliest migration route.

Around 2,000 migrants were missing or confirmed drowned in the Mediterranean last year, up from 1,401 in 2020, the International Organization for Migration says.

It says more than 23,500 migrants have gone missing in the Mediterranean since 2014, most in the central part of the sea.