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.

Xi, Biden in Peru for APEC summit, pre-Trump face-to-face

uncertainty over Trump's next moves now clouds the APEC agenda -- as it does for the COP29 climate talks underway...
  • President Vladimir Putin of APEC member Russia will not be present
  • Trump has threatened tariffs of up to 60 percent on imports of Chinese goods

TikTok makes AI driven ad tool available globally

San Francisco, United States - TikTok on Thursday began letting all marketers on its platform use an artificial intelligence-powered tool for...
  • The news came with word that Getty Images will make its stockpile of pictures and video available to TikTok's AI‑powered video generation tool called Symphony Creative Studio
  • Brands will be able to use Getty's licensed images and videos to create AI-generated ads, including marketing messages featuring characters resembling real people

Lebanon economic losses top $5 billion in year of clashes: World Bank

Beirut, Lebanon -- More than a year of clashes that recently escalated into war have cost Lebanon more than $5 billion...
  • The losses are "largely concentrated in the commerce and tourism and hospitality sectors... as well as in the agriculture sector", the Bank said in a report.
  • "The final cost of damage and losses for Lebanon associated with the conflict is expected to significantly exceed those presented in this assessment," the report said.

HRW accuses Israel of ‘war crime’ with ‘forcible transfer’ in Gaza

Human Rights Watch said in a report released Thursday that Israel's repeated evacuation orders in Gaza amount to the "war...
  • "Israel's actions appear to also meet the definition of ethnic cleansing"- HRW
  • 1.9 million Palestinians were displaced in Gaza as of October 2024

Nations far apart in COP29 climate finance talks

According to the latest draft of the long-sought climate finance pact, most developing countries favor an annual commitment from wealthy...
  • A new agreement to boost money for climate action in developing countries is the top priority
  • COP29 runs until November 22 but climate talks often run into overtime

UN nuclear chief heads to Iran for crucial talks

International Atomic Energy Agency chief Rafael Grossi is set to visit Tehran on Wednesday for crucial talks on Iran's nuclear...
  • Israel has warned Iran it was "more exposed than ever" to strikes on its nuclear facilities
  • Tehran has deactivated surveillance devices needed to monitor the nuclear program

Saudi Arabia appoints new CEO to drive NEOM’s mega-city project forward

In a big move, Saudi Arabia appoints Aiman al-Mudaifer as NEOM’s interim CEO, a strategic choice to advance the futuristic...
  • The company said that Mudaifer brought with him a "deep and strategic understanding of NEOM" after serving as head of a property arm of the Saudi sovereign wealth fund since 2018
  • NEOM is a planned futuristic megacity in northwestern Saudi Arabia meant to feature a ski resort and twin skyscrapers 170 kilometres (105 miles) long

Lebanon says 11 killed in Israel strikes across the country

Lebanon said Israeli strikes killed 11 people across the country Tuesday
  • "The Israeli enemy strike on Baalshmay killed five people," the health ministry said
  • Israeli strikes outside Hezbollah strongholds have often targeted buildings where displaced civilians have sought refuge

Saudi-hosted summit says Mideast peace requires end to Israeli occupation

The summit's closing statement said that "a just and comprehensive peace in the region... cannot be achieved without ending the...
  • The international community should "launch a plan with specific steps and timing under international sponsorship" to make a sovereign Palestinian state a reality, it added.
  • The leaders also condemned "horrific and shocking crimes" by Israel's army, saying they occurred "in the context of the crime of genocide".

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.
  • Avia's first firm order with the aviation giant comes with an option to add another 40 jets later, Boeing and Avia said in a statement.
  • The purchase announcement came shortly after striking workers at Boeing last week approved a new contract proposal, ending a more than seven-week stoppage that cost it billions

Israel says could fulfil Trump’s Gaza displacement plan if hostages not freed, Hamas says truce deal ‘fragile’

Hamas has said it would postpone the release citing Israeli violations, and hours later, Trump warned that "hell" would break...

Latest News

Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Musk’s AI startup raises $6bn more, Saudi and Qatari funds among investors

Paris, France -- Billionaire tech mogul Elon Musk's startup xAI said it had raised $6 billion from investors in its latest...

Asian stocks mostly up after US tech rally

Asian stocks were mostly higher on Tuesday after a tech rally on Wall Street, but their gains remained modest in...

Most Read

Honda and Nissan expected to begin merger talks

Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants...
  • Their collaboration would create the world's third-largest automaker
  • Honda and Nissan's partnership could include a manufacturing tie-up

Pope again condemns ‘cruelty’ of Israeli strikes on Gaza

"And with pain I think of Gaza, of so much cruelty, of the children being machine-gunned, of the bombings of...
  • The mounting criticisms of Israel appear to mark a change in the pope's tone in recent weeks. He has consistently called for peace since the beginning of the Israel-Hamas war
  • At the end of September, the Pope also criticized Israel's "immoral" use of force in Gaza and in Lebanon

Tunisia women herb harvesters struggle with drought and heat

In Tunisia's highlands, women harvest wild herbs to earn a living, but drought is making their work harder, shrinking incomes...
  • Tunisia produces around 10,000 tons of aromatic and medicinal herbs each year, according to official figures.
  • Rosemary accounts for more than 40 percent of essential oil exports, mainly destined for French and American markets.