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.

Turkey attacks Syria army outpost, kills three

  • Last month, the Syrian government said it would respond to direct attacks by Turkey against its forces
  • Turkey has launched a series of cross-border offensives targeting Kurdish forces and the Islamic State group since 2016

Beirut, Lebanon— Turkish raids in northern Syria on Sunday struck outposts operated by the Syrian army and Kurdish-led forces, killing three, a Britain-based war monitor said.

The raids near the Kurdish-held border town of Kobane targeted positions of the Syrian army and the Syrian Democratic Forces, the Syrian Observatory for Human Rights said.

The three casualties were wearing Syrian army uniform, according to the monitor.

Several other fighters were wounded, some in critical condition, according to the Observatory, which relies on a wide network of sources inside Syria.

The strikes were preceded by cross-border shelling from near Kobane against Turkish forces, according to the monitor.

Last month, the Syrian government said it would respond to direct attacks by Turkey against its forces.

The warning came after a Turkish raid on a regime outpost near Kobane killed at least three troops in mid-August, according to the official SANA news agency.

Turkey has launched a series of cross-border offensives targeting Kurdish forces and the Islamic State group since 2016, but such operations have rarely resulted in the killing of Syrian regime fighters.

Ankara has stepped up its attacks in Kurdish-controlled areas of Syria since a July 19 summit with Iran and Russia failed to green-light a fresh offensive against Kurdish fighters viewed by Ankara as terrorists.

Regime forces have deployed in areas controlled by Kurdish fighters near the border with Turkey as part of agreements intended to stem a fresh Turkish operation.

Last week, the UN’s Independent Commission of Inquiry on Syria said that “another Turkish ground operation” remains a threat in Syria’s north, amid “continued mobilization and fighting” between Turkish and Turkish-backed forces and Kurdish-led opponents.

“Syria cannot afford a return to larger-scale fighting, but that is where it may be heading,” warned Paolo Pinheiro, the head of the commission.