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.

Clowns try to put smiles back on faces of Gaza children

Palestinian Territories - The children of Gaza have little to eat, have had to flee their homes and have survived...
  • Clowns and acrobats performed for children in the Nuseirat refugee camp's school where their displaced families have been sheltering the bombing.
  • Wassim Lobed, whose support group organized the show, said they are trying to provide psychological relief to trauma-hit children.

Yen plunges to 34-year low, mixed results for equity markets

Hong Kong, China - The yen plunged Wednesday to a 34-year low against the dollar after a top Bank of Japan...
  • The fall raised speculation that authorities would step into markets to support the currency after officials warned in recent days against speculation
  • The weaker yen helped spur a rally in the Nikkei as exporters benefited, making the index the region's best performer

Hyundai to invest $50bn in South Korea

The automaker will make a bigger push to produce EVs.
  • With the $50.5bn investment announced, Hyundai said it wants to "secure future growth engines in an uncertain business environment through constant change and innovation"
  • Under the plan, Hyundai will create 80,000 jobs in South Korea and build three new EV factories, with the aim of increasing annual EV production to 1.51 million units by 2030

California looks to Europe to rein in deployment of AI

The richest state in the United States by GDP, California is a hotbed of no-holds-barred tech innovation, but lawmakers in...
  • Lawmakers in California are looking to recent European legislation on AI, especially given the little hope of equivalent national legislation out of Washington
  • There are at least 30 different bills proposed by California state legislators that relate to various aspects of AI, according to senior policy advisor

UN Palestinian agency chief says funding secured until end of May

Gaza has endured almost six months of war and a siege that has cut off most food, water, fuel and...
  • UNRWA is in crisis since Israel accused that a dozen of its employees were involved in October 7 Hamas attack
  • UNRWA chief warned last month that the funding crunch was so great the organization might not be able to operate beyond March

Israeli hostage held by Hamas in Gaza dead, say families

Jerusalem--One of the Israeli hostages kidnapped during the October 7 Hamas attack has been killed and his body is being...
  • The slain hostage, Uriel Baruch, 35, a father of two, was taken from the Supernova music festival by Hamas fighters
  • Fighters from Hamas seized 253 Israeli and foreign hostages during the October 7 attack on Israel that triggered the war

Syria strikes kill 17 including Iran Guard, WHO worker

According to the Syrian Observatory for Human Rights monitor, an Iranian Revolutionary Guards adviser, his two Iranian security escorts, and...
  • A US defence official told AFP the United States "did not conduct any airstrikes" overnight
  • WHO chief announced on social media "the tragic loss of another one of our own in an air strike in Syria"

BYD posts record 2023 profit

The Shenzhen-based firm is now moving quickly overseas.
  • BYD overtook Elon Musk's Tesla in the fourth quarter of 2023 to become the world's top seller of EVs.
  • The figure is in line with a forecast issued by the firm in late January of 29-31 billion yuan ($4bn - $4.3bn)

Qatar says negotiations ‘ongoing’ for Gaza truce

Doha, Qatar - Mediator Qatar said on Tuesday that talks between Hamas and Israel on a Gaza truce and hostage release...
  • Qatar, with the United States and Egypt, has been engaged in weeks of behind-the-scenes talks in a bid to secure a truce in Gaza
  • Since the UN adopted a resolution on Monday demanding an "immediate ceasefire", Hamas and Israel have traded blame for their failure to agree a deal.

US defense chief tells Israeli counterpart that Gaza toll is ‘too high’

US Defense Secretary Lloyd Austin told his Israeli counterpart Yoav Gallant that civilian casualties in Gaza are "too high". A...
  • A senior Pentagon official said that US Defense Secretary had discussed his hopes that negotiations would "soon produce the release of all hostages."
  • The United States has backed Israel with both military and diplomatic support.

Syria rebel leader vows to pursue former officials for torture, war crimes

Syria's Islamist rebel leader on Tuesday vowed to pursue former senior government officials responsible for torture and war crimes, a...

Latest News

Libya’s eastern administration lifts oil production, export blockade

The Benghazi-based administration, which controls most of Libya's oilfields, said in a Facebook post it was "lifting the force majeure...

Updates: President Biden says ‘discussing’ possible Israeli strikes on Iran oil facilities

Oil prices shoot up as Biden suggests that Israel might target Iranian oil facilities, while GCC Arab states, including Qatar,...

Samsung says planning job cuts

The layoffs could affect about 10 percent of the workforce.

Most Read

Israel declares UN chief ‘persona non grata’ over Iran attack response

"Anyone who cannot unequivocally condemn Iran's heinous attack on Israel does not deserve to step foot on Israeli soil," said...
  • Following Iran's missile attack on Israel late Tuesday, Guterres condemned the "broadening conflict in the Middle East", slamming "escalation after escalation" in the region.
  • Israel has been a harsh critic of the UN, with ties between the state and the international body souring even more after the October 7 Hamas attacks.

G7 says diplomatic solution is still possible in Middle East

Rome, Italy -- The G7 on Wednesday vowed to work together to reduce tensions in the Middle East and said a...
  • Italian Prime Minister Giorgia Meloni called a telephone meeting of the body Wednesday to address the escalating Mideast crisis.
  • "In a constantly evolving scenario, it was agreed to work together to promote a reduction of tensions at the regional level," said the statement released by the Italian government.

Hezbollah says it clashed with Israeli troops who tried to ‘infiltrate’ Lebanon

Hezbollah said Wednesday it clashed with Israeli soldiers who tried to infiltrate into Lebanon, and also targeted Israeli troops across...
  • Israeli military said that troops had started "targeted ground raids" in south Lebanon
  • Israeli strikes killed a further 55 people on Tuesday