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

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

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.

‘World’s most efficient AC’

  • Strata Manufacturing is a UAE-based Digital Factory pioneer, Hyperganic an AI-based engineering platform company EOS a German industrial 3D printing company.
  • Media reports said the partnership is a result of the Ministry of Industry and Advanced Technology’s efforts to facilitate industrial collaboration.

Strata Manufacturing, Hyperganic and EOS will partner to build the “world’s most energy-efficient residential air conditioner system”.

Strata Manufacturing is a UAE-based Digital Factory pioneer, Hyperganic an AI-based engineering platform company EOS a German industrial 3D printing company.

Media reports said the partnership is a result of the Ministry of Industry and Advanced Technology’s efforts to facilitate industrial collaboration.

The International Energy Agency (IEA) is projecting that energy demand from air conditioners will triple by 2050 – which is the equivalent to adding 10 new devices every second for the next 28 years.

Air conditioners today account for 10 percent of all global electricity usage, which proves how crucial it is to reduce their energy consumption to satisfy environmental requirements.

Under the agreement, the partners will combine Hyperganic’s Algorithmic Engineering approach with the industrial metal 3D printing process pioneered by EOS, and Strata’s digital technologies, to produce a residential air conditioner unit that is up to 10 times more efficient than standard models – and, as such, will be highly coveted in global markets.

The companies plan to show project updates at the United Nations Framework Convention on Climate Change (UNFCCC) COP28 UAE to be hosted in Expo City Dubai in 2023.

Hyperganic announced they will open their UAE Engineering Office at the beginning of July. Their team, which is set to grow to 20 engineers by the end of 2023, will cooperate with Strata’s team and the EOS team on implementing the project.

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, who attended the signing ceremony, said, “This exciting new technology is an ideal example of innovation driving sustainable development and creating a positive economic impact.”