This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting AWS 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.

US to provide US$1.45bn per year in assistance to Jordan

  • The United States supports providing $1.45 billion per year in U.S. bilateral foreign assistance to Jordan beginning in 2023 and ending in 2029
  • According to the US State Department, the MOU represents a major commitment to Jordan’s stability and the durability of the strategic partnership

New York, US— The United States and the Hashemite Kingdom of Jordan have signed an MoU on strategic partnership, whereby the former supports providing $1.45 billion per year in bilateral foreign assistance to the latter beginning in 2023 and ending in 2029.

“Today, we signed the fourth Memorandum of Understanding on Strategic Partnership (MOU) between the United States and the Hashemite Kingdom of Jordan.

The United States supports providing $1.45 billion per year in U.S. bilateral foreign assistance to Jordan beginning in 2023 and ending in 2029.

One of the most significant bilateral instruments of its kind, the MOU represents a major commitment to Jordan’s stability and the durability of the strategic partnership,” said a statement by the US Department of State.

“The U.S. commitment to Jordan’s security and prosperity is ironclad, and this MOU will address the extraordinary challenges Jordan faces, as it mitigates the heavy impact of regional challenges, supports King Abdullah II’s economic reform program, and ensures the long-term strength of the close partnership between the United States and Jordan,” added the statement.

According to the statement, this MOU comes at a critical juncture as the “Government of Jordan is prioritizing and implementing key reforms to strengthen its economy and enhance services to its people.

“The Hashemite Kingdom of Jordan highly values its partnership with the United States of America and is grateful for the support it continues to provide to Jordan to help its economic development process and support the Kingdom’s efforts in providing dignified lives to millions of refugees.”